Backtesting and trading camarilla pivots

[Mangafreakz]

@Radha55
What are you using for getting RT data ?

 

[radha55]

@Radha55
What are you using for getting RT data ?

I use various things

First of all i use my online broker terminal to real time data.
I have developed my own tool which i have already uploaded on this forum which gives me alert using sound. So i get alert from my speakers when any price is crossed.
I use my own free real time chart tool
You can visit this thread where i have uploaded the tool for real time chart
http://www.traderji.com/technical-analysis/30571-free-real-time-charts-technical-analysis.html

 

[lazytrader]

LT,

In the absense of clear exit rules, we can use this to get 10-15 points multiple times with RRR as 1:1

Also how will you handle the whips?

Can you tell us the original method along with a clear trading plan?

The original method is explained on the first page of this thread by rajendrani.

I don't use camarilla pivots all that much. I just look at them once to check if scrip is in a range or broken out.

If you are trading nifty then instead of booking profits at 10-15pts use a 15pt trail stop.

 

[kdhrubo]

GURUs please comment
If this is Inverse H&S

 

[lazytrader]

Can be called a I-HnS. It definitely looks like one.

 

[kdhrubo]

Levels for 31-Aug-2009

 

[balmal2511]

Thanks for reply, i will do so and update

 

[lazytrader]

Bhavcopy:
http://www.nseindia.com/bhavcopy/BhavHandler?segment=0

 

[radha55]

Nifty Futures Profit for 31st August 2009

Nifty Futures opened at 4674.

This is between L4(4668) and L3(4683).

So we buy above L3 and sell below L4.

After 5 - 10 min of market open, buy triggered at L3(4683).

Our targets are L2,L1,H1,H2,......

Our targets till L1 are achieved. (4693).

After going till 4695, market reversed and our trailing stoploss gets hit at L1.

So profit = 4693 - 4683 = 10 points.

Again price came in range L3 - L4.

Buy triggered at L3(4683).

This time targets till H2 are achieved(4708).

Price reversed from 4609.

So our trailing stoploss gets hit at H2(4608) or H1(4703).

So our profit = 4703 - 4683 = 20 points.

Then sell triggered at L4(4668).

0.5% Target = 4644.66.

So profit = 23 points.

Total profit = 10 + 20 + 23 = 53 points.

Profit of 2500+ with one lot of Nifty.

 

[kdhrubo]

Hello Radha,
Need few clarifications on your calculations for 31-aug-2009

NIFTY MININIFTY SEP 24 FUT values taken from BHAVCOPY are
INSTRUMENT,SYMBOL,EXPIRY_DT,STRIKE_PR,OPTION_TYP,OPEN,HIGH,LOW,CLOSE,SETTLE_PR,CONTRACTS,VAL_INLAKH,OPEN_INT,CHG_IN_OI,TIMESTAMP,
FUTIDX,MINIFTY,24-Sep-2009,0,XX,4691.1,4753.2,4641.2,4737.9,4737.9,86448,81294.17,780860,73820,28-AUG-2009,
FUTIDX,NIFTY,24-Sep-2009,0,XX,4705,4753.8,4643.2,4737.8,4737.8,583771,1372712.77,24348150,1302200,28-AUG-2009,

As per the values the levels are as follows

NIFTY
L3 = 4707
L4 = 4676

H3 = 4769
H4 = 4800

MINI NINFTY
L3 = 4707
L4 = 4677

H3 = 4768
H4 = 4799