SMV Trading system V1.0 – An Intraday Trading Approach with Combination of SDA2 Trend Trading System + Market Profile + Volume Profile (SMV Trading System v1.0)
Nifty future charts is shown over which SMV Trading System is applied on top of that with 5 day Profile Charts.
About SMV Trading System Indicators
-The Orange Histogram on the left side shows the volume profile
-Buy and Sell Signals are based on SDA2 Trend Trading System
-Violet Historgram Bar Shows Market Profile
-Yellow Horizontal bar near the Market Profile indicates POC – Point of Control
-Two Blue Horizontal bar near the Market Profile indicate Initial Balance/IB
-Its advisable to trade wit 5 min charts if your are trading intraday with nifty future
Amibroker Preferences Settings
To get the same layout as per above chart goto->Amibroker Menu->Tools->Preferences->Colors and set as per the settings given below
Buy and Sell Trading Rules
-Simply the Buy and Sell Signal on the 5min Nifty Future Chart doesn’t mean that one should simply buy/sell.
-POC(Yellow Line) moves dynamically according to the market variations till the end of the trading day.
-Buy if Green Arrow Appears and POC(Yellow Line) is Below the Green Arrow.
-Sell if Red Arrow Appears with POC(Yellow Line) is above the Red Arrow.
-No Trade zone/Exit Position if the above rule violates or change in signal. Always keep your Dynamic SL few points from the POC.
-Always try to target 10-20 pts in nifty future.
-Analyse the Trading System and Understand the nature of the trading system
-Carry Forwarding the position to the next day require more analysis & good trading skills.
-Trading system is more reliable if there are less gap up/Gap Down in the system. If there are GAP Up/ GAP down then SDA2 wont provide reliable signal on 5min/15min charts charts.
-Rules/afl code parameters are subject to change w.r.t time.
SMV Trading System – Amibroker AFL Code
SMV Trading System – Bar Replay Mode Video
SMV Trading system is shown in BAR replay mode using Nifty Futures 5min charts between 16 Feb 2012 to 23rd Feb 2012