Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Custom Motive Wave Settings for Channel Offset Trading System

40 sec read

Check out the custom motive wave settings for Channel Offset Trading system. To configure the trading system

1)Open Motive Wave
2)Goto Study->Custom->MA High Low as shown below


 
Generalised Buy and Sell Rules for Channel Offset Trading System
1)Buy if the candle closes above the Upper Channel Offset cloud
2)Sell if the candle closes below the Lower Channel offset cloud
3)Trailing stop loss is Lower Channel Value in case of Buy Signal and Upper Channel value in case of Sell signal

To Configure 3-5-13 EMA Channel Offset Trading system

This is slighly the variant of 5-13 EMA channel offset trading system. The difference is the high value is choosed among the highest of the three consecutive candle bars which provides little customization to eliminate little noises in the system.

To Configure 1-13-13 Weighted Moving Average Channel offset Trading system

1-13-13 Weighted Moving Average Channel offset trading system is just similar to the 13-13 Wilders Moving average Channel offset trading system

Hope this would give you a better vision on markets while trading. atleast to know which side to trade most of the time.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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6 Replies to “Custom Motive Wave Settings for Channel Offset Trading System”

  1. Dear Sir,

    While using Google and Yahoo data services in Motive Wave, data after 3.30 PM is updated in this chart due to Google 30 min data base availble after market closing.How to fix the market trading hours in Motive Wave in order to avoid this excess data updation.

  2. Dear Rajandran,

    Very Informative post as usual ,trying to use motive waves after u first introduced it. Thanks

    I have posted analysis of different Time Frames of the market in my blog ,The Third Eye -http://aar-vee.blogspot.com/ , Please have a look and leave your comments and observations .

    Regards.

  3. Sir,
    THANK YOU FOR INTRODUCING MOTIVE WAVES…how to refresh it sir…as here the current goes often.
    Thank you in advance,
    prabha

  4. @Santanam

    I guess its good to use 5min, 60min, and higher timeframe
    15min, 30min will introduce negligible error in your trading system
    but i guess it would be a acceptable noise.

  5. Dear Sir
    I have downloaded Amibroker software. Please guide me how to Indian stocks using Ichimoku.
    Parimal

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