K-Lintra is a trend following system which uses the combination of Kaufman adaptive moving average and Linear regression-based volatility channel. It uses an adaptive approach to switch the time period and thereby dynamically able to adapt to changing market dynamics.
Tradingview is one of the top 500 websites in the world powered with Interactive charts for various financial markets(stocks, futures, indices, cryptos, commodities). Undoubtedly, it is a first innovative charting product with access to historical and live intraday/EOD charts where one can build their own custom indicators/strategies on top of it. TradingView community, as of today, consists of over 3 million monthly active users. To contribute something meaningful to the community we will be doing a live webinar on how to use tradingview pinescript language and how to build your own indicators, strategies or Trading Alerts.
Nifty is still trading in a 10500 – 10640 consolidation range where quick flip strategy turned to sell mode around 10587 and it continues to be in the sell mode with immediate resistance coming around 10510 – 10523 band in a very short term. Momentum selling stays as long as price stays below 10510-10523 band stays. The Next destination target is to look 10350 levels.
Nifty Futures quick flip is continuing its uptrend since 31st Oct 2018 onwards so far current buy signal completed 6 trading session or 1785 minutes. Comparing with the historical holding period (2011-2018) for Nifty futures quick flip had 74 occurrences out of 1142 trade where its holding period exceeded beyond 1750 minutes.
Nifty futures Mondays weakness spilled into Tuesday’s session as well. Call writers at 11800 are stable for this series. Nifty managed to break and close down below previous week low 11613. Nifty Futures maintains positional sell mode with Immediate Quick Flip supports coming around 11573 – 11585 levels. Price holding above the support zone could bring a possible range bound action between 11573 – 11658 levels. However, momentum traders could step if price started accepting below 11573 levels.
Quick Flip is an interesting short-term trend following trading system from marketcalls for identifying quick turns in the markets and to take faster trend decisions in identifying the short term support and resistance.
Backtesting is a simple process which helps a trader to evaluate his trading ideas and provides information about how good the trading system performs on the given historical dataset. It talks a lot about the behavior of the trading system, risk involved in trading a particular trading system and lot about trading system performance. Here is a video tutorial with step by step guide on how to perform a simple backtesting using Amibroker.
Here is the first prototype from Marketcalls which demonstrates multi-timeframe based trading system which compares two timeframes (5min and hourly in this case) and takes a trade decision based on both the timeframes. To demonstrate with simple example we used supertrend on 5min timeframe and Hull RSI on the hourly timeframe to filter unwanted trading signals.
JNSAR is a number based on market’s strength and weakness as well as the balance of demand and supply. Whatever the number may be, a choppy market could whipsaw the number occasionally to shake off your confidence in them. However, staying with one method brings you consistent winnings.
In the new version of Supertrend thought of removing ATR factor to make the trading strategy independent of volatility factor. It is a simple long/short strategy fits for trading lower timeframes (5min, 10min, 15min) and strategy requires carry-forwarding the open position.
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.
Backtesting is a process of Testing the trading conditions with respect to the past historical data, evaluating not only the profitability of the system but the underlying risk factor associated with the Trading/Investing Model. Proper Backtesting gives belief and enough confidence to a trader to trade a set of rules. But are the newbie traders really doing proper backtesting?