Backtesting and trading camarilla pivots

[jatayoo]

Hello,
I have few doubts.. we should trade on which SCENERIO ?? [ there are 4 scenerios].attatching chart + afl.
green digit1 = buy as per scenerio 1
orange digit1 = sell as per scenerio 1 ............
i am confused ..
please help to make this system better
Thank you

The timeframe is a bit too short i think and explains the reason for sone doubt about the first point marked as '1'. I have applied the 15 minute timeframe and on that their is no room for the doubt as the break of L-3 and the lack of bearish selling pressure is evident from the small bodied candles with long upper shadows.
Thus a bulish move was in order to trigger the long subsequently.
Their is a little difference between thw camrilla levels as calculated by me and your chart.I dont know why?Both the charts are uploaded, as attatchments for ease of reference,
Comments invited for guidance pl.

 

[rajendrani]

Hello,
I have few doubts.. we should trade on which SCENERIO ?? [ there are 4 scenerios].attatching chart + afl.
green digit1 = buy as per scenerio 1
orange digit1 = sell as per scenerio 1 ............
i am confused ..
please help to make this system better
Thank you

This will help you

 

[casoni]

This will help you

Hello,rajendrani
Thank you ...
one more question...do we have to take decissin manually..just by eyeballing..or we can crate machinical system....? take trade only when system tell us ..
THANK YOU

 

[pkamalesh]

Hello,rajendrani
Thank you ...
one more question...do we have to take decissin manually..just by eyeballing..or we can crate machinical system....? take trade only when system tell us ..
THANK YOU

Casoni ... After the Calculation of levels is done ...Placing the right order at the right BO/BD is what is important..

 

[rajendrani]

Hello,rajendrani
Thank you ...
one more question...do we have to take decissin manually..just by eyeballing..or we can crate machinical system....? take trade only when system tell us ..
THANK YOU

We cannot create mechanical system,

Well yes we can, but as we are backtesting, we would like to explore all the options available, so as to make sure that the success ratio is more than the failure ones.

I would like to take the trade only when I feel comfortabe, like when my trading system tells me to.

Casoni, May be this would be helpful to you if you go through the pic and understand the logic behind it.

Thanks and regards,
rajendrani

 

[jatayoo]

We cannot create mechanical system,

Well yes we can, but as we are backtesting, we would like to explore all the options available, so as to make sure that the success ratio is more than the failure ones.

I would like to take the trade only when I feel comfortabe, like when my trading system tells me to.

Casoni, May be this would be helpful to you if you go through the pic and understand the logic behind it.

Thanks and regards,
rajendrani

1) At points 1, 2 & 3 in the red, look for a WRB or a candlestick pattern indicating a reversal like upper shadows, and KST decline.
2) Similarly for points 1 & 2 in Green colour.
3) The market tells you what it is going to do thereby.:clapping::clapping:

 

[Sgpal]

Hi camirillians

Amibroker code is :


//---- pivot points
DayH = TimeFrameGetPrice("H", inDaily, -1); // yesterdays high
DayL = TimeFrameGetPrice("L", inDaily, -1); // low
DayC = TimeFrameGetPrice("C", inDaily, -1); // close
DayO = TimeFrameGetPrice("O", inDaily); // current day open


//............camarilla pivots

H4 = ( (DayH-DayL) * (1.1/2) ) + DayC;
H3 = ( (DayH-DayL) * (1.1/4) ) + DayC;
H2 = ( (DayH-DayL) * (1.1/6) ) + DayC;
H1 = ( (DayH-DayL) * (1.1/12) ) + DayC;

L1 = DayC - ( (DayH-DayL) * (1.1/12) );
L2 = DayC - ( (DayH-DayL) * (1.1/6) ) ;
L3 = DayC - ( (DayH-DayL) * (1.1/4) ) ;
L4 = DayC - ( (DayH-DayL) * (1.1/2) ) ;

Plot(H4, "R2",colorGold,styleLine+styleNoLabel);
Plot(H3, "R2",colorOrange,styleLine+styleNoLabel);
Plot(H2, "R2",colorLightOrange,styleLine+styleNoLabel);
Plot(H1, "R2",colorTan,styleLine+styleNoLabel);

Plot(L4, "R2",colorPaleGreen,styleLine+styleNoLabel);
Plot(L3, "R2",colorBrightGreen,styleLine+styleNoLabel);
Plot(L2, "R2",colorSeaGreen,styleLine+styleNoLabel);
Plot(L1, "R2",colorGreen,styleLine+styleNoLabel);


Enjoy:thumb:

Ajax

Hi Ajax,

Thank you very much bhai.

Regards,
Sgpal

 

[casoni]

1) At points 1, 2 & 3 in the red, look for a WRB or a candlestick pattern indicating a reversal like upper shadows, and KST decline.
2) Similarly for points 1 & 2 in Green colour.
3) The market tells you what it is going to do thereby.:clapping::clapping:

Hello,
ok i got your point
i ll use filter of KST / candle patterns ..and check the result.
Thank you

 

[rajendrani]

 

[columbus]

I think when Camarilla fails you can try CLASSICAL pivot.