Backtesting and trading camarilla pivots
- Thread starter rajendrani
- Start date
I have been following this thread from very first post. I do not trade futures. I tried to implement this pivots on the scripts which i trade for intraday. After experimenting a lot, i was able to conclude few things and there are many things still unknown.
I had experimented the Camarilla pivots on the HDIL, SINTEX. this two scripts gives the better results because of the H-L range.
After the opening, I watch the High/Low of the day after the intial 5 minutes.
If the High is touched/almost there, then short the trade keeping the SL on H4. this trade is almost move till L3 or even L4 sometimes. in that way trade gets me very good range from H3-L3. only thing what is noted i never re-enter after L3 is broken.
The same is done with the Low of the day, i buy the trade with same procedure as stated above.
The problem which Iam facing is moving of the SL. tell me how to i proceed to move the SL. with both the scenerios.
There is another query to all of you.
If the trade opens between H3-H1, then trade always be in the direction of H1,H2,H3,H4... Likewise if the trade opens b/w L1-L3, then the direction is L1,L2, L3 & L4.
Please comment what should be done with the above scenerio with SL.
Likewise I do not trade with large money, i usually trade this with volume almost 100 earning somewhere around 300/day.
Awaiting all your comments on the above scenerios from all the seniors over here.
Thanks & regards,
BALMAL
I had experimented the Camarilla pivots on the HDIL, SINTEX. this two scripts gives the better results because of the H-L range.
After the opening, I watch the High/Low of the day after the intial 5 minutes.
If the High is touched/almost there, then short the trade keeping the SL on H4. this trade is almost move till L3 or even L4 sometimes. in that way trade gets me very good range from H3-L3. only thing what is noted i never re-enter after L3 is broken.
The same is done with the Low of the day, i buy the trade with same procedure as stated above.
The problem which Iam facing is moving of the SL. tell me how to i proceed to move the SL. with both the scenerios.
There is another query to all of you.
If the trade opens between H3-H1, then trade always be in the direction of H1,H2,H3,H4... Likewise if the trade opens b/w L1-L3, then the direction is L1,L2, L3 & L4.
Please comment what should be done with the above scenerio with SL.
Likewise I do not trade with large money, i usually trade this with volume almost 100 earning somewhere around 300/day.
Awaiting all your comments on the above scenerios from all the seniors over here.
Thanks & regards,
BALMAL
Excellent post. I have been trying to move to cash segment with CAMARILLA as well. With my broker even if I place a SL order, it is never executed. So what I do is lets say I am long, then when my first target of 10-15 pts is achieved and it has now on 20+ , i place a SELL order at +12 to protect my loss. Then when its 30+ i modify sell order to 20+. Same is done for SHORT position in reverse. I keep modifying the sell or buy order. One example is below
NIFTY BOUGHT 4600
Now NIFTY 4615 ok place a SELL order at 4608,
Now NIFTY 4625 modify the SELL order to 4615
Now NIFTY 4630 modify again to 4620
Hope I am clear on this
NIFTY BOUGHT 4600
Now NIFTY 4615 ok place a SELL order at 4608,
Now NIFTY 4625 modify the SELL order to 4615
Now NIFTY 4630 modify again to 4620
Hope I am clear on this
Nifty Futures Profit for 1st Sept 2009
Nifty Futures opened at 4691.00.
This is outside the range.
So we wait for the range.
Soon price come in range H3 - H4.
We sell below H3 and buy above H4.
Buy triggered at H4(4716).
0.5% Target = 4739.58(achieved).
Now we keep 1% target with trailing stoploss of 0.5%.
Future reversed from 4746.90.
So during reverse journey our stoploss hit.
Profit = 4739 - 4716 = 23 points.
Now sell triggered at L3(4695).
Our next targets are L2, L1, H1, .....
All targets achieved in till L4(4631).
once 4631 is achieved we keep 0.5% Target.
0.5% Target = 4607.845 (achieved).
Futures made a low of 4596.10 and reversed.
So our stoploss at 0.5% get hit.
This time we make good profit.
4695 - 4607 = 88 points.
Total Profit = 23 + 88 = 111 points.
Profit of 5000+ with one lot of Nifty
Nifty Futures opened at 4691.00.
This is outside the range.
So we wait for the range.
Soon price come in range H3 - H4.
We sell below H3 and buy above H4.
Buy triggered at H4(4716).
0.5% Target = 4739.58(achieved).
Now we keep 1% target with trailing stoploss of 0.5%.
Future reversed from 4746.90.
So during reverse journey our stoploss hit.
Profit = 4739 - 4716 = 23 points.
Now sell triggered at L3(4695).
Our next targets are L2, L1, H1, .....
All targets achieved in till L4(4631).
once 4631 is achieved we keep 0.5% Target.
0.5% Target = 4607.845 (achieved).
Futures made a low of 4596.10 and reversed.
So our stoploss at 0.5% get hit.
This time we make good profit.
4695 - 4607 = 88 points.
Total Profit = 23 + 88 = 111 points.
Profit of 5000+ with one lot of Nifty
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