Trading Nifty with Camarilla Pivots...!
- Thread starter linkon7
- Start date
- Tags camarilla pivots cci day trading loser linkon7 nifty
Hi linkon and veekay,
thanks for the encouragement. Now..
1. i have plotted automatic trend lines, camarilla pivots and fibonnacci levels, all switchable from parameters. But I have not incorporated these conditions into the buy sell.
2. the present afl has been made purely on the guidlines given by Linkon in his post two or three pages back. I did not add or remove any of my own ideas into it. Just simply analysed exactly what the posted chart examples of Linkon showed. although recoded the afl to show these improvements, the afl; and the strategy is of Linkon who have been trading this, therefore all improvements must be approved by Linkon who understands it better. so Linkon Please check Bandlab's suggestions and tell me if to be incorporated/modified.
3. In the above posts Linkon had showed that he entered a trade without considering the CCI level values only importance given to Hooks. That is why i didnt put the overbought/sold condition.
4. in his post he had indicated about Res/sup calc on 30 minutes chart. Kindly let me know the Sup res calculation parameters so we can add same to the afl.
5. also note that the candle outer body colour shows average cci trend of last two candles as specified by Linkon.
6. the most difficult part in any afl is the profit taking levels. In my experiance, when we code take profit levels, unless the TP level are fixed, either the afl takes profit too early or too late. For this reason, although I use afl for entry and stops, My tp's are always eyeballed. In this afl we have not put TP conditions, any suggestions.
7. what is the criteria to incorporate, camarilla and Fib into the afl conditions, I dont have a clear picture. Right now it is only there to see and do not have any active function. The trend lines part I just put in again to see as I did not understand from where to start re 30 mins Sup/Res
kindly clarify above and I will do the necessary
many thanks and regards and also for sharing your strategy
vinod
thanks for the encouragement. Now..
1. i have plotted automatic trend lines, camarilla pivots and fibonnacci levels, all switchable from parameters. But I have not incorporated these conditions into the buy sell.
2. the present afl has been made purely on the guidlines given by Linkon in his post two or three pages back. I did not add or remove any of my own ideas into it. Just simply analysed exactly what the posted chart examples of Linkon showed. although recoded the afl to show these improvements, the afl; and the strategy is of Linkon who have been trading this, therefore all improvements must be approved by Linkon who understands it better. so Linkon Please check Bandlab's suggestions and tell me if to be incorporated/modified.
3. In the above posts Linkon had showed that he entered a trade without considering the CCI level values only importance given to Hooks. That is why i didnt put the overbought/sold condition.
4. in his post he had indicated about Res/sup calc on 30 minutes chart. Kindly let me know the Sup res calculation parameters so we can add same to the afl.
5. also note that the candle outer body colour shows average cci trend of last two candles as specified by Linkon.
6. the most difficult part in any afl is the profit taking levels. In my experiance, when we code take profit levels, unless the TP level are fixed, either the afl takes profit too early or too late. For this reason, although I use afl for entry and stops, My tp's are always eyeballed. In this afl we have not put TP conditions, any suggestions.
7. what is the criteria to incorporate, camarilla and Fib into the afl conditions, I dont have a clear picture. Right now it is only there to see and do not have any active function. The trend lines part I just put in again to see as I did not understand from where to start re 30 mins Sup/Res
kindly clarify above and I will do the necessary
many thanks and regards and also for sharing your strategy
vinod
excellent work vinod, appreciate yr efforts !!!!
yes i agree linkon should take the final call on the logic side.
my changes are based on my reading of linkons rules posted 3 pages back. i considered extreme hook (atleast below -100, above 100) for reversal
even though afl can code lot of stuff, some eye balling is required for confirmation. but nothing wrong in coding tak profit into afl, but we should know the rules for take profit. as a scalper, i always prefer fixed TP (atlast 1:1 RRR)
yes i agree linkon should take the final call on the logic side.
my changes are based on my reading of linkons rules posted 3 pages back. i considered extreme hook (atleast below -100, above 100) for reversal
even though afl can code lot of stuff, some eye balling is required for confirmation. but nothing wrong in coding tak profit into afl, but we should know the rules for take profit. as a scalper, i always prefer fixed TP (atlast 1:1 RRR)
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