Trading Strategies Using Technical Analysis

[SwingKing]

Good day Raunakji. I have a small question I would like to ask you. I am attempting to build a system for trading. Manually tracking charts is difficult if there are more than 5 scripts. Maybe there is some way to automate it.

Which is the easiest way to backtest a simple system? I have downloaded Amibroker trial version, but couldn't figure out how to get NSE datafeed on it. I might have to pay for it. I don't know how much Amibroker costs. But it must surely be less than Rs 40,000 that I have lost in the last 15 days of horribly messed up trades.

Are AFLs programmed systems? A lot of people request AFLs on this forum. I guess it is a program used in Amibroker to indicate buy or sell signal. But I don't really know.

Cheers!

Gauhar,

Yes, AFL (Amibroker Formula Language) is used to build technical systems which can tell you when to buy and when to sell based on the criteria you define. If you are serious about making your own system, then refer to the help file in Amibroker and start learning the Coding language. Once you are through with it and have build a conceptually correct system, you will be able to code and build your own system.

Tc

 

[SwingKing]

Dear Raunak Sir,

Need your advice.

I have compiled a list of equties (not invested yet) based on the following 2 reasons :
1 ) My vast experience in stock market (1 full month and 5 days )
2 ) Reading this complete thread over atleast 2 times (still a lot that i cannot comprehend entirely..so will go through this again once).

The only parameter that I used was the price movement (simplest to understand among all the mentioned ones ) for the past few months.

Time frame - 3 - 6 months.

My selfish reason to carry out this exercise is to find out if i have understood anything and to identify the mistakes in case i am wrong (which i am sure i will be )

Request you to please have a look at the list and point out the places where I may be wrong. A Line or two would help me identify the spedific mistake.

P.S : I have no software or any other tool with me to identify the stocks . So have selected them based on what I have read over the past one month.

The List

Regards
Kg

Kg,

Just remind me over the weekend to see the list.

I will comment on the same then.

On weekdays, its a bit difficult to do it.

Tc

 

[gauharjk]

Gauhar,

Yes, AFL (Amibroker Formula Language) is used to build technical systems which can tell you when to buy and when to sell based on the criteria you define. If you are serious about making your own system, then refer to the help file in Amibroker and start learning the Coding language. Once you are through with it and have build a conceptually correct system, you will be able to code and build your own system.

Tc

I looked it up. Too complicated for me. I might as well keep following you and other expert traders on Traderji.

Cheers!

 

[crown]

I looked it up. Too complicated for me. I might as well keep following you and other expert traders on Traderji.

Cheers!

It was for me too, very complicated. But that's a history now. It requires nothing to understand, but one week. If one can understand English, be average in math and excellent in devotion of one week, it is very easy and interesting.
If possible, give it a try; it will really help you in trading.
:thumb:

 

[RajeshDua]

Go long if Nifty closes above 6080.

SL now brought down to 5980.

Risk reward is moving out of favor. Hence keep quantities small.

Any up triggers or down triggers generated by your 'Robust and tested' system should not be ignored in current market scenario.

Likelihood still remains we are going to head up higher.

Tc

Raunak Sir, If the word 'closes' is used does it mean closes at end of day,or close of that price candle of particular time chart,I mean even when price touches and then falls or go up?
Thanks
Rajesh Dua

 

[SwingKing]

Raunak Sir, If the word 'closes' is used does it mean closes at end of day,or close of that price candle of particular time chart,I mean even when price touches and then falls or go up?
Thanks
Rajesh Dua

Everything is at EOD day dear.

Tc

 

[RajeshDua]

Everything is at EOD day dear.

Tc

Yes Sir, most of your entry in stock is after 3.15 I observed, what are the reasons for it?
Thanks,
Rajesh Dua

 

[ae_yamin]

Good day Raunakji. I have a small question I would like to ask you. I am attempting to build a system for trading. Manually tracking charts is difficult if there are more than 5 scripts. Maybe there is some way to automate it.

Which is the easiest way to backtest a simple system? I have downloaded Amibroker trial version, but couldn't figure out how to get NSE datafeed on it. I might have to pay for it. I don't know how much Amibroker costs. But it must surely be less than Rs 40,000 that I have lost in the last 15 days of horribly messed up trades.

Are AFLs programmed systems? A lot of people request AFLs on this forum. I guess it is a program used in Amibroker to indicate buy or sell signal. But I don't really know.

Cheers!

Dear Gauharjk
1.Amibroker is argubly the most widely used charting software for rt and eod.Licenced version cost around Rs15000/- and there are many authorised vendors for it in india.
2.RT data feeds you can subscribe to are Investbulls,Chartsdata,Marketdataprovider and Esignal which you can subs as per your reqmt and usage.
3.Regarding AFLs ,uncountable are availble freely on net just google them and you will find one.Wonderful work has been done by Mr Karthikmarar and Kaka on afls and given to us free, be it NMA swing or volatility.And yes you can also screen the data to search for stocks as per your parameters.

Btw why take the Licenced version of Ami when cracks are readily for D/L on the net.Just goog and wont be hard to find one.Works wonderfully well.

Regards

Yamin

 

[SwingKing]

Yes Sir, most of your entry in stock is after 3.15 I observed, what are the reasons for it?
Thanks,
Rajesh Dua

After watching the last 20 minutes of action, I come to know whether the close is going to be above the price I am willing to take a trade on.

Tc

 

[calmeshenoy]

sir pls tel me hw to trade with 315 r 534 crossover,signal generated@last 5mts before closing ex:unitech [email protected], but today it made low f 89 n trigrd as it closes abv ur stp los lvl 90.3(fut)