Friends, Sorry for this late post and now it seems all has been said that needed to be told about the Great Kolkata Meet. Anything left shall be told by the recording of the meet to be put up.
I find we have failed to acknowledge the valuable inputs by rhimadri on his trading system. (Or maybe I missed to read the same).
So here I go giving the details as I have understood about the Trading System RHIMADRI had so kindly shared with us all :
He uses FChart Pro and says its a very good software.
He says : Time is MOST IMPORTANT factor in deciding a system set up. Fine tuning Time periods is VERY VERY IMPORTANT.
He uses MACD and CCI.
His set up has
MACD EMA (9,12,26)
1. CCI 14 with 9 days smoothing
2. CCI 20 with 9 days smoothing.
Whenever MACD goes above Signal line, a small quantity is taken.
When CCI 1 is greater than CCI 2 more quantity is taken
When CCI 1 > 100 double quantity is taken.
When CCI 1 goes below 100 exit fully.
Other exit scenario : CCI 2 is less than CCI 1
Imp. comment by RHIMADRI : CCI overbought is a misconception.
I would request RHIMADRI to correct mt post of any errors that might have cropped in.
I however could not configure the system in Metastock. Reason being myself a novice in handling Metastock and also MACD EMA I could not adjust to the specification given by RHIMADRI.
Need help to set up the SET UP in metastock.
So friends here we have selfless people like Saint, Rhimadri, Uashish, Saumya, swagat, Sanjay, Biyasc who all SHARED their trading sytems strategies and Ashish Da went a step further he gave a ready madew EXPERT/INDICATOR for Metastock. All these people have overcome the EGO as said by VVVV in his post about traders not SHARING due to ego problems. They are bound to be ever successful in their trades.
All the best to all of them. They have certainly enriched the trading perspective of many of us and hopefully very soon the Bank Accounts too !!!!