Pride's Intra-Day Strategy [Profit Everyday]

[sashsaha0]

Again the same mistake....You are not looking at higher TF...or the 30 min chart for guidance...This is NOT according to the system.

Hi ankit ,
if that is the cas ethen there is no ema crossover to day on 30min TF
that means no trade to day according to the system we have to see frst 30 min crossover then 5 min for emas and also the stochs

 

[ag_fx]

Hi ankit ,
if that is the cas ethen there is no ema crossover to day on 30min TF
that means no trade to day according to the system we have to see frst 30 min crossover then 5 min for emas and also the stochs

I would request everyone to PLEASE go through the RULES on page 1 of this thread.

We do not look for EMA crossover on 30 min. We see stoch's position on 30 min and crossovers of EMA+stochs on 5 mins.

 

[sashsaha0]

I would request everyone to PLEASE go through the RULES on page 1 of this thread.

We do not look for EMA crossover on 30 min. We see stoch's position on 30 min and crossovers of EMA+stochs on 5 mins.

Hi ankit then according to the rulz we get our frst tarde today at 13.04 when we get bullish stoch in both TF and ema crossover in 5min

 

[ag_fx]

Hi ankit then according to the rulz we get our frst tarde today at 13.04 when we get bullish stoch in both TF and ema crossover in 5min

Yes u are right...but not at 1304, rather at 1310.
At 1305 close, emas had not crossed over with values and You wait for the 5 min candle to close to enter a trade.

 

[bandlab2]

With due respect to your veteran friend I would like to differ. I dont think there are too few trading opportunities..

hi perfecttip,

can you post yr back test results? along with the rules you have used. whats the equavalent of 30 min, 5 min in EOD context?

 

[sashsaha0]

Yes u are right...but not at 1304, rather at 1310.
At 1305 close, emas had not crossed over with values and You wait for the 5 min candle to close to enter a trade.

and we exit at 13.39 at 3954
sl was 3921
profit 3954-3944=10points

 

[MurAtt]

hi perfecttip,

can you post yr back test results? along with the rules you have used. whats the equavalent of 30 min, 5 min in EOD context?

Yes I have made a minor change to the EOD system (maybe becuase of that it is giving different results) I have removed the higher TF completely.

EMA x-over and stoch bullish is entry, exit is once Stoch comes down from above 80 levels or stoch cross inbetween or ema cross inbetween and vice versa.

For 2009, have taken upto 15th May since system was long on election result day and that single trade distorts the whole picture.

 

[Shravan Reddy]

short covered or long covered??

i think it should be long covered.

Hi Radha and sashsaha0,

Could you please tell how do you know to cover short or long looking at chart? Is there any point in the chart that tells us? How do you know a new short is to be started?
Please help.. TIA

PS: NOM

 

[sashsaha0]

Hi Radha and sashsaha0,

Could you please tell how do you know to cover short or long looking at chart? Is there any point in the chart that tells us? How do you know a new short is to be started?
Please help.. TIA

PS: NOM

Just read from the first page of the thread and if u have any confusion ask here
thanks
sashsaha0

 

[metushar]

Hi all...After going through the whole thread, somehow managed to backtest the system a bit(20th may to 13th july). I tested the system quite conservatively, didnt take into account the exceptional day of 6th July. Total money made is 567 points, average is 14.9, 6 times no trade in the day and 4 days in negative with maximum negative of 21 points.maximum made in a day was 56 points.

Please keep in mind i was quite conservative in taking the trades.
Thanks to Pride for giving this system, hope to trade it in sometime, paper trading from now on......

Hope to see the real implementers of the system Ankit, Bandlab and others postign live trades, it seems for the last few pages you guys have stopped posting

Through backtesting though one thing is standing out this system is good for scalping....