SH's 315 Strategy - how to use if effectively

[nallan]

Dear nallan,

I have not understood your system what u r suggesting. Can you pl clarify in details about the entry & exit rule in this combined system (315+MACD+Stochastics)?

Also you need to backtest this new system for nifty atleast to check whether it is giving good results as compared to 315 basic system. Pl remember there is also scope for improvement. I appreciate your efforts on improvising the system against "Whipsaw".

Thanks

mangup

Dear Mangup,

Entry is always 315 crossover and book profits at stochastics and macd reversals when both coinside. and reentry at 315 cross over

This is giving lesser whipsaws. I tested the system for dlf, sbin, axisbank, and nifty over three months period. In all the above cases, I found good profit with simple 315 startegy but profits doubled when combined with exit points at stochastics cross over. I do not know how to write afl for this for back testing so I did manually for the above charts

Many a times, I found stochastics cross over alone is giving good results. but when both give cross over, I find whipsaws minimised.

 

[mangup]

Dear Mangup,

Entry is always 315 crossover and book profits at stochastics and macd reversals when both coinside. and reentry at 315 cross over

This is giving lesser whipsaws. I tested the system for dlf, sbin, axisbank, and nifty over three months period. In all the above cases, I found good profit with simple 315 startegy but profits doubled when combined with exit points at stochastics cross over. I do not know how to write afl for this for back testing so I did manually for the above charts

Many a times, I found stochastics cross over alone is giving good results. but when both give cross over, I find whipsaws minimised.

Dear nallan,

Do u mean to say the exit will be on downside crossover in macd & stoch both?

As u know stoch makes more crossover than macd.

Can u pl post some charts to explain?

mangup

 

[rajesh pawar]

Very few post in this forum. Why nobody is holding any position. I exited my nifty longs on 21st as candle not touching 3 ema. Entered today at 3 ema touch in morning. EOD candle again not touching 3 ema. Not able to exit today. What is the right strategy when second day candle does not touch 3 ema. Seniors help....

 

[vinst]

Very few post in this forum. Why nobody is holding any position. I exited my nifty longs on 21st as candle not touching 3 ema. Entered today at 3 ema touch in morning. EOD candle again not touching 3 ema. Not able to exit today. What is the right strategy when second day candle does not touch 3 ema. Seniors help....

As per my calculation candle touched 3ema yesterday after end-of-day.

 

[looser]

Very few post in this forum. Why nobody is holding any position. I exited my nifty longs on 21st as candle not touching 3 ema. Entered today at 3 ema touch in morning. EOD candle again not touching 3 ema. Not able to exit today. What is the right strategy when second day candle does not touch 3 ema. Seniors help....

This is called lack of trading discipline which is the biggest difference between novice and professional trader.

No system is designed for 100% success. ur system gives whipsaw 4-5 time consecutevly and u throw ur system in dustbin. This is the agony of novice trader. So if no one is following, then u must not be worried as they are novice traders. Be Disciplined to be a professional tradeRegards
--
Loser

"Destiny is not a matter of chance, but of choice. Not something to wish for, but to attain."

 

[kittty]

 

[nallan]

Dear nallan,

Do u mean to say the exit will be on downside crossover in macd & stoch both?

As u know stoch makes more crossover than macd.

Can u pl post some charts to explain?

mangup

I consider stochastics giving more correct meaningful crossovers. but in case of any doubt, I wait for confirmation from MACD

I also found RSI, another good indicator. if two out of these reverse, I will book profit and wait for 315 crossover to enter short or long.

Regards

 

[crusader]

Are we all set for a bearish crossover today?

 

[rkkarnani]

Are we all set for a bearish crossover today?

Seems so!
But how do we handle the Derivative closing day?
The May Nifty Futures are trading at a Premium of 25+ points... tomorrow this May Nifty) will be the Current Nifty and the EMA values tomorrow may show that Crossover is reversed !! Ofcourse we would be shorting May nifty and the same will be at higher level than April Nifty.

People who have been regulalry trading 315 please give your input as to how they handled it in the past.
A word from SH would be great! As for my personal position, I will take position in Option and then convert it to Futures when todays low with filter is breached.

 

[crusader]

Could you please tell us your options strategy for today?