Pride's Intra-Day Strategy [Profit Everyday]

[prabit]

now crossover is there, stoch is in OB, any comment pl post.

 

[Sunil]

now crossover is there, stoch is in OB, any comment pl post.

no stoch is OB
check ur settings again...

it's just that +ve ema crossover happened before +ve stoch crossover

 

[alokdaga]

now crossover is there, stoch is in OB, any comment pl post.

NF is not OB in both 5 and 30 as per my charts

 

[seshareddyvv]

Hi I have taken NIFTY long at 4187. All parameters according to Pride's guidelines (except ema cross over little earlier).Let us see.

 

[seshareddyvv]

itcharts are not updating . Anyone is having this problem? My inetrnet connection is also fine.

Sesha Reddy.

 

[seshareddyvv]

I think now the charts are working. Someone else also had this problem. I think some problem with the site. First time it is happening.

Sesha

 

[ag_fx]

itcharts are not updating . Anyone is having this problem? My inetrnet connection is also fine.

Sesha Reddy.

I too faced dis prob...

 

[seshareddyvv]

Booked profits early in one MININIFTY lot (out of 2) at 4215. Carrying another.

Sesha

 

[seshareddyvv]

Closed another at 4209. Average profit around +24 points

 

[regardson]

I don't want to discourage anyone. But the fact is that backtesting this system by any method (whether AmiBroker Backtesting or Manual Backtesting) gives very negative result.

Here is the AmiBroker Code.

It takes care of touching and separating of two EMAs rather than actual crossing. This is done in order to avoid any manual intervention about 'touching and separating'.
Also, I have added a filter so that it doesn't buy in overbought condition and doesn't short in oversold condition



One more thing :
I have also given the option of using 'ExpandLast' and 'ExpandFirst' for expanding Stochastic Oscillators from 30 minute TF to 5 minute TF. While backtesting you can use both option one by one and see the difference in result. But you can't trust the result shown with 'ExpandFirst' condition. This is because the stochastic in 30 min TF may change before the 30 min bar completes.

Backtest it and see the result yourself

Thanks Pride for sharing your system. I really admire you for that.

Thanks
----TIZ-----

Hi Tiz,
One Problem with the afl, that i noticed is that it gives a buy and sell signal on every ema crossover and also it does not wait for the candle to close.
eg: pride's statergy says.. go for the trade after the crossover of a ema + after the candle stick closes.. ie you should go for a trade on the next candle stick after the crossover. So you need to adjust the signal according to that..
Pls check on it.. I will let u know if anything else

The main thing it should consider is 3 factors before it gives a signal
1. 30min stoch upward..
2. 5min stoch upward
3. ema crossover after the candle closes and buy signal on the next candle open.