SH's 315 Strategy - how to use if effectively

[amitava82]

can you guys tell me how do you scan potential trade from 100s of scripts? IS there any scanner for amibroker or online scanner? Else it takes forever if I go through every script and chart. I used the following formula in Amibroker for NSE scripts but I'm not impressed with the result. Or is 315 system works best for Future trading?

Buy = Cross(EMA(C,3),EMA(C,15));

 

[eevra]

It is basically an EOD-type system with profit booking and re-entry features

regards,
vin

Yet,

If I want to enter the trade anew, could I have entered today when the price just moved above the 3ema in today's EOD candle ( being developed) ? If yes, current price is below my entry price, at the end of the day even if touching the black candle, can I remain in the trade ? And wait for 3 ema not touching or crossing 15ema in the down site ?

 

[vinst]

Yet,

If I want to enter the trade anew, could I have entered today when the price just moved above the 3ema in today's EOD candle ( being developed) ? If yes, current price is below my entry price, at the end of the day even if touching the black candle, can I remain in the trade ? And wait for 3 ema not touching or crossing 15ema in the down site ?

To enter a fresh trade, one needs to see if there is a cross-over of ema3 and ema15 near the end of trading day. take position depending on bullish/bearish crossover.

vin

 

[eevra]

To enter a fresh trade, one needs to see if there is a cross-over of ema3 and ema15 near the end of trading day. take position depending on bullish/bearish crossover.

vin

I agree with you. For the cross over to happen ( LONG ) then I need to wait for lot more days. Should I not enter, whenever the price ( being away from the body - just on days with gap-up openings ), goes above 3 ema, during the day, ( with 3ema being above 15ema & has crossed several days before on a EOD candle !) & exit if did not toch the body ( can it be a black candle too ? ) @ 325pm on the same day , or hold on if remained touching the body ( greenc andle only ?).

'd appreciate your remarks . thx.

-eev

 

[vinst]

I agree with you. For the cross over to happen ( LONG ) then I need to wait for lot more days. Should I not enter, whenever the price ( being away from the body - just on days with gap-up openings ), goes above 3 ema, during the day, ( with 3ema being above 15ema & has crossed several days before on a EOD candle !) & exit if did not toch the body ( can it be a black candle too ? ) @ 325pm on the same day , or hold on if remained touching the body ( greenc andle only ?).

'd appreciate your remarks . thx.

-eev

I am attaching IDFC chart and showing fresh buys-long (green) and sell-short (red). No profit-booking and re-entry is shown.

regards,
vin

 

[Tradewithhunter]

I agree with you. For the cross over to happen ( LONG ) then I need to wait for lot more days. Should I not enter, whenever the price ( being away from the body - just on days with gap-up openings ), goes above 3 ema, during the day, ( with 3ema being above 15ema & has crossed several days before on a EOD candle !) & exit if did not toch the body ( can it be a black candle too ? ) @ 325pm on the same day , or hold on if remained touching the body ( greenc andle only ?).

'd appreciate your remarks . thx.

-eev

eevra - no you cant do that. Entering days after the 315 signal got generated can reduce your risk reward ratio.

Cheers
SH

 

[raj_usb]

eevra - no you cant do that. Entering days after the 315 signal got generated can reduce your risk reward ratio.

Cheers
SH

Hi SH,

Will it reduce risk to reward ratio or increase it?

-Raj

 

[trade man]

Hi Friends,

I would like to use this thread to explain my 315 strategy along with some rules on how to trade it effectively for swings as well as positionals.

Cheers
Stockhunter (SH)
----------------------------------------------------------------------------------------------------------------------
Edited by Stockhunter on 11/08/2009

Hi Friends - since thread has become very long and my rules are thrown in between on different pages, I am giving the index of my important posts for anyone who sees this thread for the first time and wants to know the strategy.

For Basics and some Background on 315 - Please click here http://www.traderji.com/technical-a...rategy-how-use-if-effectively.html#post331535

For Entry, Pryramiding & Exits (profit booking) and re-entry rules - Please click here http://www.traderji.com/technical-a...tegy-how-use-if-effectively-3.html#post332954

Also click here to see explanation using a chart http://www.traderji.com/technical-a...tegy-how-use-if-effectively-4.html#post333264

For Stop Losses and protecting your capital - Please click here http://www.traderji.com/technical-a...tegy-how-use-if-effectively-7.html#post338314

Also, for more explanations and different SLs for a conservative trader and an aggressive trader click http://www.traderji.com/technical-a...egy-how-use-if-effectively-11.html#post347026

Cheers
Stockhunter (SH)

dear sh sir any other stretegy which u might use?plz plz reply.waiting for your feedback

 

[Tradewithhunter]

Hi SH,

Will it reduce risk to reward ratio or increase it?

-Raj

Yeah sorry - I meant it will increase it.

Nice spot !

Cheers
SH

 

[pundit]

Dear SH,
Greetings..

On 6th of April candle is not touching 3 EMA, hope we have exited there kindly comment.