Trend Magic is a positional trading system where the trade decision based on Commodity Channel Index supported by ATR Trailing stop loss. It will create more whipsaws in lower timeframes so its more than a positional trading system than a intraday trading system.
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Non Repainting – Trend Magic – Amibroker AFL code
12 sec read