Nifty Daily Charts with Smoothed RSI crossover Signals
Here is the simple smoothed RSI crossover Long only strategy can be practiced on higher timeframes especially with daily timeframe with controlled risk. It catches the big trends and gets little losses during sideways movement with a descent amount of winning ratio. Strategy suits for Nifty and Bank Nifty future traders willing to take positional trades based on EOD chart.
Buy or Sell Rules
1)Buy on Positive Smoothed RSI crossover.(indicated by Green Arrow)
2)Exit on Negative Smoothed RSI crossover.(indicated by Red Arrow)
It is recommended to take Buy or Long Exit decision should be taken close to EOD (between 3:20p.m-3.30p.m). To take decision on the next day after the signal settradedelays(1,1,1,1) should be defined in the afl code.
Recommended Timeframe
Daily – Long and Exit Strategy
StopLoss
Preferred static Stoploss(intraday Exit Stop) is 2.5*ATR of the close price.
Backtested Results (Nifty Futures EOD-timeframe)
Backtesting done for the 14years of nifty futures with Initial Capital of Rs2,00,000 , 2 lots of fixed nifty lot size with Rs100/leg brokerage included.
Equity Curve
Drawdown Curve
Profit Table
Download Smoothed RSI Strategy- Backtested Results
Smoothed RSI Crossover Strategy – Amibroker AFL code
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chirag says
August 5, 2014 at 10:24 pmCan you please send me an e-mail regarding how to get amibroker software ? what is procedure? What are subscription charges ? I am from Ahmedabad,Gujarat so is there any of your vendor or associate who can help me to learn this charting and AFL ? Please reply.
Rajandran R says
August 7, 2014 at 7:49 amCurrently the only way to purchase Amibroker is goto amibroker website and place your online orders there. Apart from that if you are looking for data service assistance kindly check with my support team. More details here https://www.marketcalls.in/services/globaldatafeeds
ajaz says
August 6, 2014 at 1:12 pmhow to open the AFL file …, and how to use in Ambibroker…
Rajandran R says
August 7, 2014 at 7:46 am1)Download the ZIP file(you can find at the end of the article) and unzip it
2)And now copy the afl file and paste it to amibroker\formulas\basic folder and now apply the indicator from amibroker charts section.
Nehal Suthar says
August 18, 2014 at 9:24 amcharts on your option page is disappeared. please check.
https://www.marketcalls.in/options
Rajandran R says
August 18, 2014 at 11:34 amHi,
Checkout now. Its working fine. Clear your cache and check.
UDAY says
September 28, 2014 at 5:10 pmafl
Srinivasan says
November 16, 2014 at 2:52 amI see that you have a MDD column in the Profit table. How do you modify the default profit table which does not seem to have the Max DD?
Thanks.
Rajandran R says
November 16, 2014 at 3:36 pmTry this procedure to replace your Profit Table AFL code
https://www.marketcalls.in/amibroker/profit-table-afl-code-yearly-max-drawdown.html