Here is an interesting trading system i would like to share. Generally people use Camarilla as Pivot Point levels for their intraday trading. How about using Camarilla Pivot as Trailing Stop for positional trading. We build this interesting trading system (Prototype) using the concept limit order backtesting. It is a simple long/short breakout trading system with no optimization variables.
The Buy/Sell rules are shown below
1)Measure Reference High for Buy Signal – i.e High when the Candle Closes above Camarilla Pivot.
2)Buy on Intraday any time if the price crosses Reference High on Intraday basis
1)Measure Reference Low for Short Signal – i.e Low when the Candle Closes below Camarilla Pivot.
2)Short on Intraday any time if the price crosses Reference low on Intraday basis
So if any sharp spike is coming in and that reference high/low are not taken out then the system will remove such unwanted signals.
Following Video tutorial explains how the Camarilla as Pivot Point Strategy Functions
Camarilla Pivot as Trailing Stop Loss – Amibroker AFL Code
Download Camarilla Pivot as Trailing Stops
Preferred Timeframe : 15min/Hourly
Strategy is backtestable!
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Sushant Verma says
December 25, 2015 at 7:03 pmHi Rajandaran,
The code is really useful. Thanks a lot for posting it. I require some afl code through which we can trace multibagger stocks from the nse scrips. Can you plz share me the code and send it to my email id.
Darshan says
December 25, 2015 at 7:57 pmHello Rakendra,
Please help me on setting pareters for back testing a strategy
My capital is 50k and I will trade only 1 lot of niftyfo at a time and I don’t want to reinvest profit gained , my broker is angel trade
Kindly help
Thank you
Rajandran says
December 28, 2015 at 1:47 amgo thro the webinar fixed position size backtesting is explained here https://www.marketcalls.in/amibroker/supertrend-v4-0-amibroker-afl-code.html
M K Singh says
December 28, 2015 at 10:33 pmRajandran, While backtesting futures on continuous quotes, how do you take into account the contract expiry?
Praveen says
December 29, 2015 at 1:39 amPlease let me know if any AFL workshop is there in future, anywhere in India.
Ashok Joshi says
December 30, 2015 at 5:51 pmHi Rajandran
Nice AFL and regular using i am supertrend 4.0 Thanks for your support . Please help me I want to add hdfcbankd and icici bank two scrips in single chart window amibroker. Getting no idea on google also. will you please help for it .
ashok joshi
eduardo gonzatti says
January 1, 2016 at 5:32 pmhi there, nice content!
just a thought:
in the code snippet below:
Buy = ibsignal and H>buylimitprice;
Short = issignal and L lower low than your buy price, (someone is paying LESS than you, and you can know for sure you did execute yours, because you want to buy paying MORE)
short -> higher high than your short price (someone is paying MORE than you, and you can know for sure you did execute yours, because you want to sell for LESS than that)