SH's Intraday Strategy - ELH5

[TraderPrem]

Hi everyone,
Can anyone assist me in getting the final set of rule for ELH5 strategy. Are there any changes or modification done later.
Prem

 

[TraderPrem]

Hi every one

4-Oct 9.30 Buy triggered
5975 5955 5995 20
10.20 Buy triggered
5977 Could not enter cos too volatile
10.40 Sell triggered
5946 5966 5966 -20
12.00 Buy triggered
5974 5954 5994 20
13.15 Buy triggered
3977 3957 3975 -2
13.40 Sell triggered
3983 4003 3992 -9
2 consecutive loss so no more trading
9 points profit in 5 trades

 

[TraderPrem]

Hi everyone,

Paper trade results
7-Oct
11.00 Buy triggered
5877 5857 5872 -5
12.40 Sell triggered
5880 5900 5900 -20
13.15 Buy triggered
5904 5884 5924 20
5 points loss.
Prem

 

[fxtraderdxb]

Dear Friends

Greetings.

I was trying to implement the system into Excel, but got struck, as i was not able to find out the formula for finding 5 EMA Low. What ever i applied, it is not giving the exact value which is available in Sharekhan Trade Tiger platform.

If someone know the excel formula for finding 5 EMA Low, please post it here.

Thanks in advance.

 

[amitsh27]

Pl continue guys.....

 

[bharathi2005]

GM friends and all senier members chat room is still active then pls add me what is the method to join in chat room:clapping: Thankyou

 

[udayamperoor]

Can anyone guide me the day trading using Camarila equation,how effective is this trading

 

[copperman]

OK guys - maybe imageshack is where I will upload the charts and post the links here.

Coming back to intraday strategy, the AIM of this strategy is to

1. Get 2-10 trades per day
2. Profit target is 20 points and stop loss is also 20 points per trade (1:1 risk reward ratio)
3. To have 70% success ratio i.e if we get 100 trades per month ... 70 successful trades giving 1400 points profit and 30 losing trades giving 600 points loss ... Net profit of 800 points per month.

Above is the aim of this strategy - lets see if we are able to achieve it over the next one month or not .....

What do we need on our charts

1. We need 5 minutes Nifty futures real time charts
2. We need to plot 5 EMA (high) and 5 EMA (low) on these charts.

Thats it !!!

Entry rules

Wait for the trigger - The trigger is when we have 2 consecutive candle closes above 5 EMA (high) for BUY or 2 consecutive candle closes below 5 EMA (low) for SELL

Actual Entry - When we get one of the above triggers.... we wait for a small pullback and then jump in ... in case of BUY trigger, we enter longs when the price falls and gets close to 5 EMA (low)... in case of a SELL trigger, we enter shorts when prices rises and gets close to 5 EMA (high).

Exit rules

Simple ... 20 point profit and we exit ... similarly 20 point SL.

I am attaching yesterdays 5 mins charts with triggers... entries and exits.

Please check the same and post any queries. WE got 3 winning trades yesterday and one losing trade with only 5-10 point loss. Overall 40-50 points profits.

http://img340.imageshack.us/img340/4528/screenhunter01dec010947.gif

Enjoy!

Cheers
SH

I am unable to open he abve linked image image....which says removed!!!!

Seniors please help me by going the chart attached and advise...
http://www.mql5.com/en/charts/1629506/eurusd-m5-gci-financial-ltd
It is not NIFTY.I just like to know is my understanding right.

 

[copperman]

Here is my understanding from today's NIFTY chart

I am convinced with LONG, but have my doubt about the short signal and entry, as the signal is not clear...

Kindly correct if I am wrong...

 

[copperman]

Senior members kindly include me in the chat room tooo...