Backtesting and trading camarilla pivots

[kdhrubo]

Very useful

 

[radha55]

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.

dont trade on such day na...

it is not necessary to trade everyday.

it is worth to make profit everyday.

hope u understand what i meant to say.

 

[arnavk]

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.

Sorry I get it clear now as trading range is H3-H4 and L3-L4 only and to go short on break of H3/L4 and long on break of L3/H4. But in that case opening price is just to initiate the trade and faterwards it will be last traded prie only which should be considered.

 

[lazytrader]

dont trade on such day na...

it is not necessary to trade everyday.

it is worth to make profit everyday.

hope u understand what i meant to say.

Exactly my point.

If you have noticed there are some days when nifty only moves in one direction or sometimes two and moves from morning to evening slow and steady. You need to catch the trend on these days and ride it it's the least risky but it usually goes far beyond H4/L4.

 

[radha55]

Nifty Futures opened at 4601.00.

This is between H2-H3.

We wait for price to come in range.

Soon price came in range H3-H4.

We go short below H3(4608).

our targets are H2, H1,.....

Our targets only till H1 are achieved and price reversed from 4583.

So we book profit at H1(4594) during return journey.

So profit = 4608 - 4594 = 14 points.

Now, buy triggered at H4(4629).

we keep targets of 0.5%, 1%, 1.5%, .....

1.5% = 4698.435 (achieved).

Nifty Futures made a high of 4712 and reversed.

During reverse our trailing stoploss gets hit at 1.5%.

So our profit = 4698 - 4629 = 69 points.

Total profit = 14 + 69 = 83 points.

Profit of 4000+ with one lot of Nifty.

To calculate levels download the attached file.

Extract and open.

 

[radha55]

Nifty Futures profit for 8th September 2009.

Nifty futures opened at 4820.60.

This is between H2-H3.

This is outside the range. So we wait for the price to come in range.

At around 12:33 price came in range.

H4(4857) is buy and H3(4826) is short.

See the high for today 4845.00 (its below our breakout level)

Sell triggered at 4826.
Our targets are H2,H1,L1,L2.....

Our targets till L1 gets achieved and during reverse our stoploss gets hit at L1 or H1.

So our profit = 4826 - 4806 = 20 points.

Profit of 1000+ with one lot of Nifty.

 

[perfecttip]

Dear friends,

I have been learning a lot from this thread for quite some time. However, I have a few queries. I would request experinced traders and seniors to kindly advise me.

1. Does every stock respond to Camarilla levels ? Someone once told me that only low beta stocks respond well and another person said only highly liquid stocks do. Since there has been quite some amount of research and backtesting already done, users please help me with this.

2. Can we use Camarilla levels for EOD also ? For example if I use the OHLC valus of the last week, then I can get the Camarilla levels for this week. I think that could get us bigger profits. However, its just an idea, seniors will know well whether it can be done at all or not.

3. Anyone can give me the correct anjd precise formula for these levels. As i discovered there are two versions of it. I really dont understand which to use when. And there is also some controversy regarding the interpretation. Ant authentic website or post regarding te formula and the interpretation would be highly appreciated.

Thank you.

 

[kdhrubo]

I have tried my best to respond to your questions

1> Yes low beta stocks are fine with Camarilla. But I only trade NIFTY and MINI with this

2> You should consider EOD values only which is available in the BHAVCOPY from NSE, BSE

3> Trust Camarilla classic which is given here. The other one camarilla-b is not available publicly so far. Also there is no problem with the classic one.

 

[perfecttip]

yes, but should i consider highly liquid stocks also ? and accurate EOD data is available with me.. should i try out EOD analysis using Camarilla system or is it just valid for intraday trades ?

 

[kdhrubo]

I have primarily done intraday with handsome profits on NIFTY and MINI
I would take delivery depending on market sense and breath.