Nifty 8DMA plus minus trading stratagy

[jetking]

I was discussing this strategy with a senior member here! He uses something similar : 9 SMA, with 0.025 pct as SL and 0.075 as target ! He is using it to trade options.t !

No charts but the trades from Jan to Jun , Copy pasted from an email :

thanks for sharing
:thumb::thumb:

 

[gkpc]

IMHO, the option results may be better with 8 EMA than 9 DMA ! Just my 2 cents!

 

[rh6996]

I misunderstood the levels of 0.025 and 0.075 ! Both are SL levels ! 0.025 is on closing basis and 0.75 is hit and exit type !

 

[rh6996]

Here is the chart ! Black line is 9 DMA ! Red lines are 0.025 and 0.075 above and below the MA !

 

[sspagro]

NIFTY SPOT LEVELS FOR 22 SEPT:

NIFTY SPOT BREAK BELOW 8066 TARGET 7995 KEEP STOP LOSS AT 8093

If stop triggers (8093) just reverse your position & Buy for target 8135

 

[gkpc]

NIFTY SPOT LEVELS FOR 22 SEPT:

NIFTY SPOT BREAK BELOW 8066 TARGET 7995 KEEP STOP LOSS AT 8093

If stop triggers (8093) just reverse your position & Buy for target 8135

Any suggestions from you on how to use these levels for trading Options !

 

[gkpc]

I misunderstood the levels of 0.025 and 0.075 ! Both are SL levels ! 0.025 is on closing basis and 0.75 is hit and exit type !

For options trading: Is there a possibility of posting the levels for entry exit sl for say next 5 trades!?

 

[jetking]

Any suggestions from you on how to use these levels for trading Options !

For options trading: Is there a possibility of posting the levels for entry exit sl for say next 5 trades!?

to trade option,strategy should be the same

as nifty spot breaches the 8066,take position in 8050 PE or 8000 PE will also be fine
at 8066,8050 PE will be around 30 (cmp is 16)

if u want to use 0.25 filter than wait for nifty spot to breach 8045 and 8050 PE will be around 35

but be cautious to trade in option in the expiry week,because premium will erode very fast,specially if trade goes against u
good day

 

[kutta]

:clapping::clap::thumb::clap:

I have been back testing Nifty with a simple strategy in order to find an edge in probabilities of trading. I book minimum of 200-280 points in a month. losses are small if you see risk reward ratio.

FRIST you need to see 8Day EMA on Nifty Spot EOD chart.

Let’s say if 8 Day EMA is 7500 on EOD chart so consider its buy level whenever nifty will cross 7500 from below or close above its. keep stop loss of 27 points (7500-27=7473) minimum target always 70 points (7500+70=7570).

If case stop hits just reverse your position and maintain SL as a 8 day ema (7500) minimum target is 70 points (7500-70=7430)

Fallow the same strategy for short trades. whenever nifty will crosses 8 Day ema from above keep SL 27 points and short for minimum target 70 points.

Back tested result says Stop hitting chances is 30-35% that to recovers when we reverse our trade position.

Mostly first to second day itself our 70 point target get achieved... in a month you get 4 to 5 trade opportunity.

Lets share your views

 

[kutta]

Thanks for sharing