Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

AFL code for 5-13 EMA-Offset Channel Trading system

30 sec read

Nifty Daily chart

 
Nifty 5-13 EMA-Offset Channel trading system is just the variant of the Advance Get 6-4 Channel trading system where a 6 day moving average is  offset by 4day Moving average offset and the resulting indicator is plotted. In our case 5 EMA is  offset by 13day EMA. Check out the Nifty daily and weekly charts for the recent buy and sell signal’s made by this trading system.

Buy and Sell Rules are Simple
1)Buy if the candle closes above the EMA Offset cloud
2)Sell if the candle closes below the EMA offset cloud
3)Trailing stop loss is Lower Cloud Value in case of Buy Signal and Upper Cloud value in case of Sell signal

Scanning,Exploration and Buy or Sell Signals features added to the trading system.

Nifty Weekly Chart

Download 5-13 EMA-Offset Channel Trading system AFL code

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

What is QuantZilla?

Quantzilla is 75+ hours of code mentoring program designed for noncoders who want to learn the coding program right from designing indicators, scanners, trading...
Rajandran R
58 sec read

Things to Consider While Building a Bracket Order Execution…

Building a Bracket Order Strategy is the most demanded request we got from most of the algomojo traders. This article explains the list of...
Rajandran R
12 min read

PlaceOrder – Multi Broker Exectuion Code Snippets for Amibroker

This tutorial explains how to build a button trading right from scratch and with a click of a button how you can send orders...
Rajandran R
7 min read

14 Replies to “AFL code for 5-13 EMA-Offset Channel Trading system”

  1. what a colection . but as a trial version user cant do exploration.
    can’t have metastock alternative sir?
    will 5,13 ema cross over exploration will do?

  2. outstanding research work ur doing. keep it up and wish for your profitable trade. One thing i wish shall i plot this in ichart charts and chartnexus (free) charts. kindly clarify plz. thank u.

  3. i mean to say that i have ema 5,13 cross over exploration in metastock. can it explore buy signal for this system. or if u can suggest where can i get metastock exploration for this afl

  4. sir ,
    For postnal trading we have got so many good afl codes, thanks to you , but what is required is an excellent afl code for intraday trading , looking for the same soon from your side . tx in adv.

  5. hai,

    Mr Rajendran

    Thanks for afl codes ,but how to get connected to amibroker software
    plse guide me

    srinivas murthy
    9820448599

  6. Hello Rajandran Sir,

    I just want to know about circuit bracker…how to know which stock is crossing and ready to go in circuit…

  7. Dear Sir,
    I hope that this will be better in 5-13 channel trading.

    _SECTION_BEGIN(“5-13 EMA Channel”);
    A = EMA( H,5 );
    B = EMA( L,5 );
    D=.0009;
    xt=A+A*D;
    yb=B-B*D;
    PlotOHLC(xt,xt,yb,yb ,””, ColorBlend( colorGreen, 0.9 ), styleCloud|4096,0,0,13);
    Plot(xt+.5 ,””, colorBlack, styleLine|4096,0,0,13);
    Plot(yb-.5 ,””, colorBlack, styleLine|4096,0,0,13);
    _SECTION_END();

  8. Dear Sir..thanks for so many useful AFL and products and congr8s for the Tie-up for DATA FEEDING..

    Sir i am unable to use some AFL..in my MT4
    5-13 EMA-Offset Channel Trading system AFL code ,
    SDA2 Trend Trading System – AFL code
    Ichimoku Cloud Scanner v2.0 – AFL Code
    NMA Swing Explorer

  9. exploration is showing every stock everyday…how do u write exploration only for a crossover not the following days ???

Leave a Reply to Dilip Cancel reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More