Backtesting and trading camarilla pivots

[rajendrani]

The above chart is the precise & practical reason why I stopped paying attention to Camarilla levels, and instead relied only on the classical pivot levels, that too as a reference band (something like bollinger band).

There were many instances of whipsaws, especially at level 3 prices, and more time was being spent on whether to initiate trade or not - it became more of a guessing game, and believe me, this is the worst aspect one can bring in while day trading.




This is not to discourage you, Rajendra, but, from experience, I just wanted to tell you that your 5min pivot trades (mini flow adaptation) will be more enjoyable than this formula-driven levels.

(PS: I may be wrong, and this depends subjectively not only on person but also on trading days - everything can be known, but, only on hindsight)

You are absolutely right that guessing game is the worst aspect in day trading. Well I havent started trading in this, I am just paper trading and backtesting here on this thread itself. Also like you came up with your experience, we will have plenty other people coming up so that we learn more and more. But if I just backtest this alone, maybe I would never get feedback from seniors like you.

About the 5 min pivot method is doing great, charts explains it all,
Now trying new method, Sunil you had been long in this field, for me and most of us, we are like taking baby steps toward becoming traders. I will like your participation on this thread to help us in trying to find some good tweaks and fine tuning to this method.

Thanks and regards,
Rajendrani

 

[Sunil]

We had even decided on a tweak; see if this works in your back-testing:

Sunil, our rule of shorting/longing only after second attempt when using camarilla is working fine....so goes the discovery. we shud tentatively freeze on this rule until the rule is violated. What say?

I think new2sm still follows Cam levels... will ask him to share his experience...

 

[kiranb]

Wow ! what a nice thread. I never followed camarilla pivots before. Hope i will learn some thing here. Thanks for starting this thread :clapping:

but i don't understand how do u get time to manage so many things ya.

kiran

 

[rajendrani]

Thanks for the appreciation

 

[jatayoo]

Yes bro, these are for nifty futures, saw your charts too, just one request instead of chart in doc file, why not just upload chart pic directly in the forum using tinypic.com or imageshack.us

Regards,
rajendrani

Yes, i'll try it today.THANKS.
I did not know how to do it.

 

[jatayoo]

Ajax bhai i got it buddy, wow, feels good as i did big thing in afl code

:clapping::clapping:

 

[hitesh]

Thanks Rajendrani for the wonderful thread and explaination.

Thanks & Regards
hitesh

 

[shekharinvest]

sorry, text deleted

shekhar

 

[uthuman]

Today nifty chart..

uthuman

 

[uthuman]

Today's Bank nifty 5mts chart

uthuman