Nifty Hourly sell signal continued for the third day and the trailing stop loss updated to 6134. While trading with Optimized Ichimoku Trading System the following things needs to be taken into factor
1)Buy or Sell Trade should be taken only on the presence of the appropriate signal. Trade should not me initiated belated to the signal
2)Dont initiate trade without sufficient signals.
3)If you are in a Buy Trade/Sell Trade book the trade if you are in profit at regular intervals. Dont wait for the next signal to exit the trade
4)For 15min trade book profit if you got 20-25pts in nifty and in Hourly Charts – 50-75 points and in Daily Charts – 150-200pts.
5)Respect the trailing stop loss when you are in trade
6)If you are confused with the way you are playing – just take rest.
Cheers!
Rajandran R
and pls now add tinken and kijun sen line with chiku span if u can with ichimoku afl.
and if tinken and kijun crossover exploration next one.
i try to use tinken and kijun sen cross over explorer in metastock for eod. its a powefull signal
@Kalyan
More number of parameters = more no of noise in your trading system
Can you kindly let me know where I can see your nifty hourly ichimoku chart – live or delayed.
@rajesh
you need a trading software along with real time intraday tick data to support ichimoku cloud chart in realtime
dear rajandran sir,
i am new here in this stk mkt.plz guide me which techical software i should opt for and wht to do abt realtine nse data.
thank you sir.
Can you kindly let me know where I can see your nifty hourly ichimoku chart – live or delayed. i m using amibroker live chart with yahoo and ichart.
@Ajit
Instead of trying ichimoku charts u can try 5-13 EMA trading system using GCI trading software(Metatrader 4). Signals are almost similar to ichimoku with good risk management
About GCI Trading(Metatrader 4) refer here
http://www.marketcalls.in/analysis/free-nifty-futures-realtime-charts-in-metatrader-platform.html
And about configuring 5-13 EMA in GCI trading metatrader platform please refer here
http://www.marketcalls.in/video/how-to-configure-5-13-ema-channel-offset-trading-system-in-metatrader-4.html
More over dont forget the rules for Ichimoku trading system mentioned in the above post. The same rule also applicable to 5-13 EMA Channel offset trading system.