Backtesting and trading camarilla pivots

[balmal2511]

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

Thanks for reply,

I will try to follow this as you have said.

any comments on below scenrio.

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.

Thanks & Regrads,
BALMAL

 

[balmal2511]

Thanks Radha.
You are awesome.
Can you possibly show us the formula for
H5,H6, L5,L6
and possibly CAMARILLA - B

Hi,

I think H5 & L5 is defined is earlier post by some seniors.

I have a Excel list all data from 1st Aug 2009 to till date.

I will attach it for your reference.

Thanks & regards,
BALMAL

 

[kdhrubo]

I am not too convinced with L4,L5 and H4,H5 values in the xls

 

[kdhrubo]

RESULTS So far 2-Sep-2009

NIFTY SEP FUT LONG 4583
SL Triggered at 4650
GAIN = 67

Same for MINI NIFTY = 67

Cash wise = 67*70 = 4690

 

[radha55]

Nifty Futures Profit for 2nd Septemeber 2009.

Nifty Futures opened at 4585.10 and within few seconds fall till 4571.15.

Now this is range L3(4582) - L4(4540).

So we buy above L3 and sell below L4.

Only very active traders were able to buy at L3. because market gave very less time to buy at this price.

So we buy at 4582.

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

All our targets are achieved till H1(4637).

Price went high till 4643 but reversed from there.

So our trailing stoploss gets hit at H1.

So profit = 4637 - 4582 = 55 points.

No other trade triggered during the day.

Profit of 2500+ with one lot of Nifty.

 

[balmal2511]

I am not too convinced with L4,L5 and H4,H5 values in the xls

Can you briefly explain about the above comments.

Regards,
BALMAL

 

[kdhrubo]

The formula does not look convincing for H,L where n > 4

 

[radha55]

Nifty Futures opened at 4639. This is between H3 and H4.

But in few minutes price went till 4642 and reversed.

We should short sell below H3 and buy above H4.

We sell at 4639.

Our targets are H2,H1,......

All targets till L3(4590) were ahcieved.

Now we keep the target of L4 and trailing stoploss of L3.

Nifty Futures just reversed from 4589.

So lets say we get chance to square up at L2(4598).

So our profit = 4639 - 4598 = 41 points.

Again we have buy placed at L3.

So we enter long at L2(as we didn't get chance to enter at L3 because it just hit 4589 and reversed).

So we buy at 4598.

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

All our targets till H3(4639) are achieved. Nifty futures again reversed from 4645.

So this time again we book profit at H3(4639).

So our profit = 4639 - 4598 = 41 points.

Again we enter sell at H3(4639).

Again we book profit at L3(4590).

So our profit = 4639 - 4590 = 49 points.

Total profit = 41 + 41 + 49 = 131 points.

So profit of 6000+ with one lot of Nifty

 

[radha55]

Thanks Radha.
You are awesome.
Can you possibly show us the formula for
H5,H6, L5,L6
and possibly CAMARILLA - B

Above H4 keep next targets of 0.5%, next target 1%, next target 1.5% of H4. Keep the trailing stoploss one level below.

Below L4 keep target of 0.5%, next target of 1%, next target of 1.5% of L4.

Why you all are search for L5,L6,....

This is very simple method. Keep this simple.

Rest is upto you.

I am clearly explaining everyday, how positions are taken and covered off.

 

[lazytrader]

Above H4 keep next targets of 0.5%, next target 1%, next target 1.5% of H4. Keep the trailing stoploss one level below.

Below L4 keep target of 0.5%, next target of 1%, next target of 1.5% of L4.

Why you all are search for L5,L6,....

This is very simple method. Keep this simple.

Rest is upto you.

I am clearly explaining everyday, how positions are taken and covered off.

I don't know if there is a L6 but there seems to be L5.
Although it may not seem necessary to have L5 now sometimes due to range compression breakout the next day nifty might trade out side L4/H4 which then is a problem since we don't have a reference anymore.