SH's 315 Strategy - how to use if effectively

[Sukhi_Aatma]

Hi,

Short signal was generated on Wed. 17-03-2010(Close price 73.85) for Unitech-1M.

-Raj

Hi Raj,

I just dont trade at the crossover, but I see the previous close is below 15EMA and the next candles shows a cross over of 15ema by 3ema from above.

This is just to get a solid signal. :thumb:

All Is Well
Sukhi Aatma

 

[Sukhi_Aatma]

hi SH,

Suppose 2morrow dlf gives buy signal,which series i should trade?, as expiry after 2 days,so we should trade in april or current mnth only.

Also as i exited unitech,because of my stupidity,2morrow if i see some hike,can i short it again?

One more doubt,suppose when crossover happens and candle is above 3ema,then we should take position or wait for some upmove (downmove for short),or still we should take position as crossover confirmed?

Arti

Just my views on this =>

Close to the expiry the next months futures trades almost in similar fashion as the current month. Just to save on the brokerage of buying/selling we can trade the next month. If one is not that happy with taking an extra pinch of risk better trade current month and roll over to next month on last day, i.e. expiry.

As SH315 follows the current trend Longs/shorts can be enterd anytime, and just not during the signal. Again, the appetite of one loss plays a very vital role when entering.

Candle is not touching 3EMA at crossover that means there is a sudden upside/downside price move. Now two situations arise out of this.

1) You were already holding a position (long/short) in the futures that witnessed the crossover.
2) You are willing to enter into a fresh trade and want to hold a position (long/short).

For the (1) Point, you are on the losing side. You exit your (long/shorts) position and then re-enter in the same position, i.e. long if you were previously long and short if you were previously short. Now on the next day if you see that the 3EMA being touched by candle, then you exit your position and this time you enter the market on reverse side, i.e. long if you previously short and short if you were previously long.

for the (2) point, you first take the position in the reverside and then exit when the 3EMA gets touched by current candle and then re-enter in the current trend, i.e. if SH315 signalled sell you short and and when long was the call you buy.

@SH: comments/Views welcome

All Is Well
Sukhi Aatma.

 

[Tradewithhunter]

Posting the trading stance on my 20 stocks futures as per 315 (EOD charts). These are just my trading stance and may/may not be my actual positions.

As at close of 22nd March 2010

1. Nifty - Longs from 4930, Holding.
2. Bank Nifty - Longs from 8557, Holding.
3. ACC - Longs from 914, Holding.
4. ABAN - Shorts from 1222, Holding.
5. DLF - New Sell signal generated today at 300!
6. Unitech - Shorts from 73.85, Holding.
7. ICICI BANK - Longs from 833, Holding.
8. IFCI - Bearish
9. IDBI - Shorts from 119.25, Holding.
10. JP Associate - Longs from 145, Holding.
11. L&T - Longs from 1476, Holding.
12. RCOM - Longs from 165, Holding.
13. Bharti Airtel - Longs from 293, Holding.
14. Reliance - Longs from 1025, Holding.
15. Reliance Capital - New Sell signal generated today at 780!
16. SAIL - Longs from 218, Holding.
17. SESAGOA - Longs from 364, Holding.
18. SUZLON - New Sell signal generated today at 73.20!
19. STERLITE - Longs from 784, Holding.
20. SBI Bank - Longs from 1993, Holding.


Cheers
SH

 

[Tradewithhunter]

Posting the trading stance on my 20 stocks futures as per 315 (EOD charts). These are just my trading stance and may/may not be my actual positions.

As at close of 23rd March 2010

1. Nifty - Longs from 4930, Holding.
2. Bank Nifty - Longs from 8557, Holding.
3. ACC - Longs from 914, Holding.
4. ABAN - Shorts from 1222, Holding.
5. DLF - Shorts from 300, Holding.
6. Unitech - Shorts from 73.85, Holding.
7. ICICI BANK - Longs from 833, Holding.
8. IFCI - Shorts from 51.65, Holding
9. IDBI - Shorts from 119.25, Holding.
10. JP Associate - Longs from 145, Holding.
11. L&T - Longs from 1476, Holding.
12. RCOM - Longs from 165, Holding.
13. Bharti Airtel - Longs from 293, Holding.
14. Reliance - Longs from 1025, Holding.
15. Reliance Capital - Shorts at 780, Holding
16. SAIL - Longs from 218, Holding.
17. SESAGOA - Longs from 364, Holding.
18. SUZLON - Shorts at 73.20, Holding.
19. STERLITE - Longs from 784, Holding.
20. SBI Bank - Longs from 1993, Holding.


Cheers
SH

 

[Tradewithhunter]

Sir, is there any explorer formula for Metastock to search for scrips which have given Buy/Sell Signal as per 315 Statergy.

Regards
Karanm

Sorry I do not use Metastock, someone who uses Metastock can answer this question.

I just manually go through my 20 stocks everyday and dont run after any other stock hence did not need any automated solution.

Cheers
SH

 

[itprodeepak]

315 Explorer for Metastock

Hi Karanm,

Use the following to create a new Explorer System in Metastock :

For Up Signal : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) 
-- E Stands for Exponential Moving Average. If you want to use Simple Averages than replace E by S.

For Down Signal : Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

and In Filter Column Write  : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) OR Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

Hope this will solve your problem of Automated Solution for 315 Crossover. For any other query you can ask the question here or PM me.

 

[hills_5000]

Re: 315 Explorer for Metastock

I use Amibroker... so can you make an AFL for the 315 crossover too?

thanks

Hi Karanm,

Use the following to create a new Explorer System in Metastock :

For Up Signal : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) 
-- E Stands for Exponential Moving Average. If you want to use Simple Averages than replace E by S.

For Down Signal : Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

and In Filter Column Write  : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) OR Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

Hope this will solve your problem of Automated Solution for 315 Crossover. For any other query you can ask the question here or PM me.

 

[itprodeepak]

Re: 315 Explorer for Metastock

I use Amibroker... so can you make an AFL for the 315 crossover too?

thanks

Sorry bro, I dont use Amibroker can make it for you. May be SH can help you..

 

[sasi0263]

I am also Ami user. Afl will definately make the things easy. I do not know to make afl but wanna learn. Meanwhile if some of this Forum expert helps us, I will be really thankful.

Thanks

 

[Tradewithhunter]

Re: 315 Explorer for Metastock

Hi Karanm,

Use the following to create a new Explorer System in Metastock :

For Up Signal : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) 
-- E Stands for Exponential Moving Average. If you want to use Simple Averages than replace E by S.

For Down Signal : Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

and In Filter Column Write  : Cross(Mov(CLOSE, 3, E),Mov(CLOSE, 15, E)) OR Cross(Mov(CLOSE, 15, E),Mov(CLOSE, 3, E))

Hope this will solve your problem of Automated Solution for 315 Crossover. For any other query you can ask the question here or PM me.

Hi Deepak,

I dont use Amibroker or Metastock, however want to use it.

What is the most efficient and economical way to get hold of Metastock and data feed?

Help is appreciated.

Cheers
SH