Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Hi DSM,
Yes 20 EMA is a good Strategy. But my question is how do you find when NIFTY is Trending. In the chart that you posted, fortunately NIFTY was Trending. For example for the past 10 days NIFTY is trading in a Range of 8300-8380. So my question is, Is there any indicator which would tell me that from 31 OCT NIFTY is FLAT ? Because ideally NIFTY is NOT trending from 31-OCT and so it was better to avoid trading from 31-OCT and wait for the TREND to set in Again
Dear Raj,
Ref. your quote, Have always been appreciative of your hard work, openess and willingness to help. So here's something for you which you may consider for building a strategy for yourself (not expecting any tool or such from you, as am happy with Trade Tiger, which does the job for me)
The idea is to combine 60M chart along with 20EMA and Pivots. (This EMA is not a magic no. but I feel, which has proved itself over time, but the no. can be changed as per one's liking)
Downward sloping EMA and red (as in TradeTiger) along with break of pivot low singals taking a short position. Opposite for Upward sloping and green with break of pivots highs signals long position.
Since you are good with programming, you can consider this strategy with back-testing. As a guide, index making highs or lows, when the EMA is sloping down or up, indicates a contra trade is possible. Visual guide can be used to analyse the nuances. You are ofcourse good at what you do, but since you asked, thought this could be of help. Good luck.
Ref. your quote, Have always been appreciative of your hard work, openess and willingness to help. So here's something for you which you may consider for building a strategy for yourself (not expecting any tool or such from you, as am happy with Trade Tiger, which does the job for me)
The idea is to combine 60M chart along with 20EMA and Pivots. (This EMA is not a magic no. but I feel, which has proved itself over time, but the no. can be changed as per one's liking)
Downward sloping EMA and red (as in TradeTiger) along with break of pivot low singals taking a short position. Opposite for Upward sloping and green with break of pivots highs signals long position.
Since you are good with programming, you can consider this strategy with back-testing. As a guide, index making highs or lows, when the EMA is sloping down or up, indicates a contra trade is possible. Visual guide can be used to analyse the nuances. You are ofcourse good at what you do, but since you asked, thought this could be of help. Good luck.
Yes 20 EMA is a good Strategy. But my question is how do you find when NIFTY is Trending. In the chart that you posted, fortunately NIFTY was Trending. For example for the past 10 days NIFTY is trading in a Range of 8300-8380. So my question is, Is there any indicator which would tell me that from 31 OCT NIFTY is FLAT ? Because ideally NIFTY is NOT trending from 31-OCT and so it was better to avoid trading from 31-OCT and wait for the TREND to set in Again