Here is a simple afl code which is the modified version of EMAavg afl code, which finds the near bottom most of time and can be trade for reversal with mimimal stop loss. Trading system suits EOD timeframe and delivery based buying. Exit signals are not yet coded as of now and currently the system suits only Buy Signals on EOD timeframe. One need to preplan his/her Exit manually. Code has its own advantages and Disadvantages, so try to interpret the signal manually before entering into any sort of trade.
Note: Code is open source, free to distribute, and sharing and feedback recommended. Code currently supports Scanning and Exploration functions with Buy indications on the chart. Currently it doesn’t supports trailing stop loss indications and exit point of the trade. Also the code currently doesn’t supports lower time frames.
Download Marketcalls – Counter Trend Reversal System
Updated Version
Download Counter Trend Reversal System v1.01
Wish you all a very Happy and Prosperous New Year!
Regards,
Rajandran R
Author – www.marketcalls.in
DEAR RAJA
ONCE AGAIN FROM U GOOD ALF CODE FOR US.
LOT OF THX.
EXPLAIN US WHERE N HOW’S BOOK PROFIT AND DO EXIT ??
Thanks Kehsav, Wish you a very Happy and prosperous New Year!
Kindly give me code for Counter Trend Reversal System applicable to Meta Stock Platform and also not in afl extension as am unable to open it.
regards,
ashish
Dear Rajandran,
Wish a Happy & Prosperous New Year.
Regards,
Veer
@Ashish Kr Daga
My experience are with Amibroker and Meta trader only not much knowledge with metastock
@Veer
Thanks Man and wishing you the same.
Hi Rajandran
Wishing you a Very Happy and Prosperous New Year!
Best regards.
rm
wishing u a happy new year rajendran
Thanks RM,
Do you have any idea about my old guru UMA the 666 devil?
Hi RR,
Wish You and Family a Very Happy and Prosperous New Year!
and,
wow, already another system …
will come back and look it up, thanks RR, you are super 🙂
@moh
we can catch the exact bottom if Buy=c>EMAavg but to filter few more noise signals i added c>EMA(c,10)but this misses the exact bottom. Any suggestions for better filters?
Wish you all a happy and prosperous new year.
dear raja,
wish you all a happy and prosperous new year
sri
Hi Rajandran,
Happy new year and all the best for 2011 and beyond…
Cheers
Thanks prabha and sri,
wishing you a happy new year with prosperous returns
Hi..Rajandran,
Wish you a very happy and prosperous New Year.
Best regards.
ilango
Wish you a happy and prosperous new year to you and your all blog readers.
Hi..Rajandran,
Wish you a very happy and prosperous New Year.
Salil…..
very good initiative sir hope u upgrade shortly for more improved system.
u r genious
Sir ,
A very happy and prosperous 2011 to you and to all bloggers .:)
@Illango, Anuj, Market Hypothesis, Salil, Kalyan and to all the readers of Marketcalls wishing you a very happy and prosperous New Year.
Another 12 months, 52 weeks, 365 days, 8,760 hours, 52,600 minutes 3,153,600 seconds of fun, smiles and epic-ness combined with excitement
I’m ready for 2011.
Its 1-1-11 the first day of excitement starts with fancy number 🙂
Sir,
To this counter trend reversal system , we should have a re-counter trend reversal system , which gives only sell signals near the top . 🙂 tx.
Jitin first let us optimize this counter trend reversal system…later we will concentrate for sell signals.
wanted to know how to smooth out the chart in amibroker when there is a stocksplit? thankyou
@kentuky3
try this out
http://www.marketcalls.in/amibroker/using-split-and-merge-in-amibroker.html
afl coders,
we need a better filter aka buy condition to reduce the amount of noise in the system. If you have a better strategy kindy help it out
this rcom daily
Hi RR,
When i loaded and saw, what you have done looks done well as such.
If tightened, the whipsaws,
If let loose, the bottom misses.
Can try the WMA which hugs price closer.
Can try the shorter averages, with High and Low concept as a filter band for the whipsaws.
But would still miss on the whipsaws or price, it looks like.
Yeh Moh… If i tried to apply any sort of filter it fails to get the bottom… thinking of making a filter different from the traditional one.
@Kalyan thanks for the rcom charts
@Kalyan i mostly prefer a chart where the first signals fails or more than the two successive failures in a row…then the next signal is mostly preferable for buy decision and better select better grade stocks with good amount of volume…. but this is not a thumb rule.
Hi Rajendran sir…
If you can forgive me for coming up with a petty question, I would like to request you to help to understand these codes and all hat.
I have just downloaded metatrader from GCI. How to use the above system of yours in meta trader ? Am totally new to this concept of codes. Plz guide as to how to insert your system code in that.
Is Amibroker free of cost ? Whats the subscription ? which one is better, ami or meta ?
Also, i’d be very grateful if you can help me to learn to write codes.
Apologies again for series of questions.
regards
S
Hi rajendran,
Have same query here as above , m new to this website,i m using metastock 10.1 version (EOD),want to know how i can use ur study as i m new to all this concepts and codes,can i insert ur codes in metastock and how.hope to hear from u soon.
Thanks
Can any one provide me details analysis on gann positional and swing trading calculator in a excel format of it ????
Thanks
Can you please explain the logic of this system? As i cannot open the AFL and work in Metastock. Thanks
Sir, your ALF is working very fine,is there any modification in code.
Hello Rajandran -Thank you for the code. When I try to back-test however it says that it is missing its buy/sell variable assignments. Any suggestions? – Mike
Hi RR
I have just used this AFL, it’s really awesome giving buy signals.
Can i have same counter trend reversal system for Sell signals?
you are really great on this formulas, I must admire it.
Thank you
We tried it. Short only signals are not working though.
Thanks for you reply RR
Please suggest other way out to get sell signal in this counter trend reversal system in latest version.
I badly need this, please help out to get good exist point or to get fresh sell call.
Thank you