SH's 315 Strategy - how to use if effectively

[karthik_sri]

Dear SH,
I am watching this thread for quite some time. I have attached below Mini Nifty Futures chart (EOD). If you could see from the chart there were so may whipsaws in Aug'09 which i have marked in a box. Please guide us on how to place entry, exit & sl in this scenario as it will be very useful and will cover all the thing.

Cheers,
Karthik

 

[Tradewithhunter]

Dear Karthik,

There were 3 whipsaws in August (first short entry, then long entry & then another shorts all whipsawed). This was due to a small range that market developed at that time. Unfortunately we can not control markets and we will have to stay open to such rangbound days and should always stay ready for some consecutive whipsaws. I have written some posts in the past of effective money protection and you can read them.

The good news is that after each rangebound period comes a strong trend and hence its important to keep trading each signal without losing hope and patience. This strong trend will be enough to cover all your losses made and will be able to giev some profits on top of it.

As you see in your example itself, after 3 whipsaws in August came a strong one way rally from 4650 to 5150 and that proves my above point. Even within that rally, there were 2 ADDs and multiple profit booking candles which makes this 500 point rally to something like a 1000 point profit....

Cheers
SH

 

[balaj78]

hi,
Whats the time frame u are using 5 min or 30 min timeframe ,which is best suited for this statergy.

regards
bala

Dear Karthik,

There were 3 whipsaws in August (first short entry, then long entry & then another shorts all whipsawed). This was due to a small range that market developed at that time. Unfortunately we can not control markets and we will have to stay open to such rangbound days and should always stay ready for some consecutive whipsaws. I have written some posts in the past of effective money protection and you can read them.

The good news is that after each rangebound period comes a strong trend and hence its important to keep trading each signal without losing hope and patience. This strong trend will be enough to cover all your losses made and will be able to giev some profits on top of it.

As you see in your example itself, after 3 whipsaws in August came a strong one way rally from 4650 to 5150 and that proves my above point. Even within that rally, there were 2 ADDs and multiple profit booking candles which makes this 500 point rally to something like a 1000 point profit....

Cheers
SH

 

[karthik_sri]

Dear SH,
Thanks for your reply...i have attached my back tested excel sheet (Jun'09-Nov'09). I request you to view the same and give your comments. All my entry points/exit points (buy/sell) are on the close price of the day.

Cheers,
Karthik

 

[karthik_sri]

attachment missing earlier...now attached...

 

[Tradewithhunter]

hi,
Whats the time frame u are using 5 min or 30 min timeframe ,which is best suited for this statergy.

regards
bala

Dear balaj,

Please read the thread from the start... my first post has all useful links.

This is not an intraday strategy but a swing strategy and my time frame is EOD.

Cheers
SH

 

[Tradewithhunter]

Dear SH,
Thanks for your reply...i have attached my back tested excel sheet (Jun'09-Nov'09). I request you to view the same and give your comments. All my entry points/exit points (buy/sell) are on the close price of the day.

Cheers,
Karthik

Dear Karthik - Apologies it will take me a lot of time to check each and every trade on charts for the last 6 months but I can see you have missed some ADD points and the latest entry at 15 EMA at around 4850 which is still running with NF closing at 5100+ today.

Even without above, your spreadsheet shows a net profit of 465 points with just 10 trades in last 5.5 months even when NF has largely been trading between a 700 points range, which is a good result. If you include ADDs and current trade it should be around 800+ point profits.

If you take from March to Nov the results will be even staggering with around 3500+ points profit.

Cheers
SH

 

[mmca2006]

Dear Karthik - Apologies it will take me a lot of time to check each and every trade on charts for the last 6 months but I can see you have missed some ADD points and the latest entry at 15 EMA at around 4850 which is still running with NF closing at 5100+ today.

Even without above, your spreadsheet shows a net profit of 465 points with just 10 trades in last 5.5 months even when NF has largely been trading between a 700 points range, which is a good result. If you include ADDs and current trade it should be around 800+ point profits.

If you take from March to Nov the results will be even staggering with around 3500+ points profit.

Cheers
SH

Please mention the date of this latest entry/add point around 4850.

 

[bandlab2]

attachment missing earlier...now attached...

hi karthik, can u test this between jan 2009 to mar 2009 ?

 

[Tradewithhunter]

Please mention the date of this latest entry/add point around 4850.

oops did i say 4850 .. sorry it was 4950 a few days back .. you can check the previous page for my post.....

Pardon the typing mistake... too much work :fatigue:

Cheers
SH