SH's 315 Strategy - how to use if effectively

[karthik_sri]

Dear SH,
Please dont use the word apologize as it makes us feel pain...u r doing a wonderful job and sharing your method with us. Though i have gone thru your post, my request to you is to provide an excel template with your back testing on NIFTY or MINIFTY (Apr'09 to till date) stock so that we will be in the same direction. I know am bothering you but for the benefit of all i request you to do the same. We want to know the entry, exit & sl on the back tested trades and the same for ADD procedure so that every thing is in place.

Cheers,
Karthik

 

[karthik_sri]

Hi Bandlab,
i have attached the excel file for the period Jan'09-Mar'09. I have requested SH to share such a template with entry, exit & sl so that we can fine tune the method in our mind set.

Cheers,
Karthik

 

[Tradewithhunter]

Dear SH,
Please dont use the word apologize as it makes us feel pain...u r doing a wonderful job and sharing your method with us. Though i have gone thru your post, my request to you is to provide an excel template with your back testing on NIFTY or MINIFTY (Apr'09 to till date) stock so that we will be in the same direction. I know am bothering you but for the benefit of all i request you to do the same. We want to know the entry, exit & sl on the back tested trades and the same for ADD procedure so that every thing is in place.

Cheers,
Karthik

Karthik - It will take me a considerable time to go back and document each entry, exit, SL and ADD points for last 6-7 months .. something I can do over the weekend only provided I have no pressing work to be completed.. I will see what I can do for you

Anyways .. you can learn with the current trades as we go along.. I am long in NF from 4950 and since after going long NF has made a high on 5100+ I have decided to preserve my capital by moving my stop loss to 4950 (my entry point). Its also important to note that 15 EMA has quietly moved to around 5015 now (above my entry point) so at 4950 we might see a bearish crossover hence 4950 becomes a more meaningful SL for longs as per 315.

Cheers
SH

 

[observer]

Its also important to note that 15 EMA has quietly moved to around 5015 now (above my entry point) so at 4950 we might see a bearish crossover hence 4950 becomes a more meaningful SL for longs as per 315.

Cheers
SH

If 15ema would have been under 5015 (assume a weaker position), what would be your SL then?

With current scenario, would you sell the whole pyramid @ 4950 or just the ADD?

Thanks

 

[Tradewithhunter]

If 15ema would have been under 5015 (assume a weaker position), what would be your SL then?

With current scenario, would you sell the whole pyramid @ 4950 or just the ADD?

Thanks

Even if it was below 5015 i would have kept my SL as my entry point 4950 since i want to preserve my Capital. Please refer back to my 'Preserving Capital' post....

I will sell everything at 4950.

Cheers
SH

 

[Tradewithhunter]

15 EMA tested now at 5010 .. Added one position ... SL stays 4950

Cheers
SH

 

[forestflower]

HI,
Can anybody tell me how i can access 15 min nifty futures charts on historic basis.I am currently using icharts [basic]. Sorry for my qerry being little off the subject.

Thanks

 

[spiritunit]

15 EMA tested now at 5010 .. Added one position ... SL stays 4950

Cheers
SH

Some doubts here... when you add your position at 5010 and this could be turned out as an average like, if you have one lot at 4950 and adding another one lot at 5010, now your whole position would be at 4980, you said still your stoploss is at 4950 as protecting captial.

But as above, seems loosing about 30 points (2 lots) aka loosing capital or am I missing something?

 

[bandlab2]

Hi Bandlab,
i have attached the excel file for the period Jan'09-Mar'09. I have requested SH to share such a template with entry, exit & sl so that we can fine tune the method in our mind set.

Cheers,
Karthik

HI KATHIK, thanks for th report. i have done som testing long back, pl se attachment here

in one week capital went down from 10 lakhs to 5 lakhs !!!! due to gaps. i lucky, i would have gained 5 lakhs in a week. pl note these trades are exactly as per th rules and capital protection rules mentioned here.

this is a ema system, which will do well ib tending market but will hit SL in range bound market. if u enter in trending market and make lots of money then u can suvive ranging maket. but opposite happens u account will be wiped quickly

i am not discouaraging u, but be aware o these facts. at ouside it looks a good system bt when u eally start noting down the trades, u ill ealize the issues. mainly gaps and u need to wait for EOD to enter. pl dig in deep and note down trade by trade exactly as per rules and be comfortable

 

[Tradewithhunter]

Some doubts here... when you add your position at 5010 and this could be turned out as an average like, if you have one lot at 4950 and adding another one lot at 5010, now your whole position would be at 4980, you said still your stoploss is at 4950 as protecting captial.

But as above, seems loosing about 30 points (2 lots) aka loosing capital or am I missing something?

Yes, on my first position i will breakeven at 4950 but lose on the ADD position.

Preserving Capital doesnt mean remove all risk

Cheers
SH