Backtesting and trading camarilla pivots

[geetakapour]

Has anyb body back tested this? If yes than what is the average monthly return that we can get if we follow this for 1 month mechanically

 

[linkon7]

Has anyb body back tested this? If yes than what is the average monthly return that we can get if we follow this for 1 month mechanically

why dont u do the backtest and let us know...
thanks in advance...!

 

[rajputz]

why dont u do the backtest and let us know...
thanks in advance...!

I Today tried to backtest the pivot point strategy but the nifty was range bound today....didnt get chance to trade it.....

 

[trader.trends]

I Today tried to backtest the pivot point strategy but the nifty was range bound today....didnt get chance to trade it.....

Back testing would mean write down the rules of the strategy and check if it has yielded a positive expectancy consistently over a period of time (5 Years at least to cover all kinds of markets). To find out if the strategy is worth trading because it has an edge in your favour. You cannot back test it for a day or am I missing something here?

 

[rajputz]

Back testing would mean write down the rules of the strategy and check if it has yielded a positive expectancy consistently over a period of time (5 Years at least to cover all kinds of markets). To find out if the strategy is worth trading because it has an edge in your favour. You cannot back test it for a day or am I missing something here?

If i would have traded the nifty based upon pivot points then it doesnt mean that i would have enetered the trade without even confirming with the system i am using to trade.

I would have considered the 4 Scenerios and got ready to take the position. but my entry would have been totally based upon my trading method. i dont mean to say that as soon as the third time h3 or l3 was tested, i would have entered the trade.....

i would have entered the trade after: -

The Third Support or resistance was tested third time(or the various scenerios were met) and if my own trading system has given the particular buy at L3 or Short at H3.

 

[rajputz]

Back testing would mean write down the rules of the strategy and check if it has yielded a positive expectancy consistently over a period of time (5 Years at least to cover all kinds of markets). To find out if the strategy is worth trading because it has an edge in your favour. You cannot back test it for a day or am I missing something here?

have you ever noticed that there are many strategies on traderji, and the person posting the strategy or we can say the thread starter after backtesting the strategy is gaining profit and while the other users are getting their stoploss hits, wrong entries and wrong exits, are all trying to make the strategy better, or remove deficiencies from it. the original starter of the strategy is not feeling any problem with it.....did you noticed it?????

the reason being that even after describing the strategy, whole part of it, while working on the strategy their are some decisions taken by the person that are based upon observation (observation that cannot be taught to Readers), based on emotions, based on belief (belief in Technical Analysis) and EXPERIENCE in strategy. And Also some where in subconsious mind a Trader when taking a position tries to confirm the entry of the trade by whatever method is known to him. May it be Prides, SMA, Stochastics, Candle Pattern, Trendline, Lowertops, higher bottoms, Divergence whatever Due to these reasons the strategies are backtested by various users and every one modifies it their own way.

Simmilarly the testing for the camarilla pivots goes for me.....will try to enter according to it, but only when my own strategy is giving signal according to Pivots.

 

[gautamparmar]

hi Rajputz,

if you don't mind would you please share your trading method and technique ?.

thanks

gautam

 

[rajputz]

hi Rajputz,

if you don't mind would you please share your trading method and technique ?.

thanks

gautam

i am still testing it...once it yields me good result with 70 percent accuracy i will sure share it...i want success witht his strategy for atleast 1 month and above...

 

[veeemkay]

Has anyb body back tested this? If yes than what is the average monthly return that we can get if we follow this for 1 month mechanically

Is someone using Cam levels successfully?

VK

 

[rajputz]

Is someone using Cam levels successfully?

VK

not using it completely...but i does gives me the idea where the stock can find the support and resistance....