Backtesting and trading camarilla pivots

[kdhrubo]

Yes stop loss was triggered
Even today for some stop loss was triggered

 

[radha55]

sorry guys, i cannot post the results since last few days..

For yesterday, i think the system didnt gave much good results.

For today as well, there was not significant trade during the day... Price was mostly between H3- H4 during entire day....

 

[kdhrubo]

Narrow range creating problems in this method it seems.
But still a good method

 

[Mangafreakz]

Any of you tried Camarilla pivots in High liquid stocks like Unitech , etc ?

 

[kdhrubo]

Yes I do and did in the past
Results - too many short sell calls being triggered. May be because the market is trending north these days.
Buy calls are hard only when markets have kind of V shaped moves or a tilted I shaped

 

[veluri1967]

Sorry...friends.... i am utter confused.

As per the chart, the trade should have been reversed to buy when the price has retraced back at 12:35PM. But how did you know that the price would retest the L3 five more times before hand. What prompted you to buy at the level u mentioned. If it is a breakout, then earlier ones are also breakouts if watch the prices closely.

Donot mind. I have just seen this thread and am referring a old post. I need to understand the above before going further....

Thanks in advance

 

[kdhrubo]

Dont make TA so complex
You buy at one of those which ever you spot first. Seat tight unless SL is triggered. You cannot help those 5 whipsaws.

 

[Mangafreakz]

Yes I do and did in the past
Results - too many short sell calls being triggered. May be because the market is trending north these days.
Buy calls are hard only when markets have kind of V shaped moves or a tilted I shaped

Thanks.
Hows your overall trading going with camarilla on Nifty/Banknifty ? My paper trading went in for loss yesterday and today in Nifty , was very profitable in BNifty today though.
You trade with Camarilla mostly or other strategies too of pivots?

 

[kdhrubo]

Thanks.
Hows your overall trading going with camarilla on Nifty/Banknifty ? My paper trading went in for loss yesterday and today in Nifty , was very profitable in BNifty today though.
You trade with Camarilla mostly or other strategies too of pivots?

You are spot on. I have and still do apply it successfully on
1> Nifty
2> Mini
3> Bank

Yes yesterday and today SL was triggered in NIFTY and MINI
I trade 1lot nifty + 1 lot of Mini instead of 2 lot of Nifty decreasing exposure and guarding a little bit of risk. The reason I trade these two are they move in same direction and in same differential

For Bank Nifty swings are wide and yes camarilla is very effective.
I am trying an optimization.
Will post more when I get it ready.

In the end I must tell, this is very good compared to 2562 or other quantitative methods. Since I am in office and charts are inaccessible (terminal is blocked) I prefer this quantitative method

I hope brokers use http / http tunneling in their communication using the terminals

 

[Mangafreakz]

Will be looking forward to more of your posts and learning from you