syam-mohan-vs
Long

Trendshikari PTS V1.0 - CRUDE - Long

TVC:USOIL   CFDs on WTI Crude Oil
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Buy @ CMP 50.75

Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (https://in.tradingview.com/script/g57JZF9v-Trendshikari-PTS-V1-0/). This system works on Daily bars and so entries or exits are at the next market open after getting signal. Key performance metrics generated from TV Backtester are published below (2007 to 2017).

Actual Signal came some days ago but the price is lower than the entry price now and there could be some upside from here. Enter with 1/10th of your trading capital and be ready to add more when I signal so in this page. Exit all when I signal so in this page. Happy Trading !!!
Trade active: Trade executed @ 50.75
Comment: Add one more position equivalent to 1/10 of your trading capital @next market open @market price.
Comment:
Comment: New position added @ today market open price 49.58. Net entry price now comes down to 50.165
Comment: Add one more position equivalent to 1/10 the your equity at cmp 45.44
Comment: Our net entry price now becomes 48.59
Comment: Exit @ CMP
Trade closed manually: Closed @ 47.58. We make a small loss of 1.01 per contract. During the course of this trade you may have seen a large draw down but as you so market bounced back and cut our losses.
Comment: Why wait for me to update you with signal. Get access to TrendShikari PTS and turn your browser in to a top grade stock analyzing tool !!!
hello,
This looks interesting.
Is this a long only signal system?; and
Is that profit result across all markets or oil only? and
The signals above are basis a continuous price. How do you apply them against a live market? eg Current oil futures is CLM or CL1! but these prices are different; and
The exit rule - is it always Mkt on Open?
Thank you

Reply
@Oh_If_Only, This is not a long only system. It gives both long and short depending on market condition. This system has consistent results across stocks, commodities, currencies etc i.e it works on diverse instruments in diverse markets. The signals are generated based on the daily close prices of the instrument on whose chart this system runs. So if you want to see whether a similar position can be taken in another instrument you have to drop the system on that instrument chart. For e.g:- now I dropped the system on CL1! and it is showing long signal Entry and Exit are always at next day market open @ market price once you get a signal at the previous day close.
Reply
Oh_If_Only syam-mohan-vs
@syam-mohan-vs,

Thank you, sir, for your prompt and frank reply. Good answers generally indicate a good system.

Does the system only consider the bar close? ie it does not consider the bar open or high/low?
It seems to have ignored or missed a nice long out of w/e Mar 27, but picks up a long on a swing trade down bar.
Is this system using a variant of ATR? Does your proprietary indicator accept variables or is it more rigid.

I do not mean to pry ... I am just curious, but if my questions are too pertinent, them I apologise and please ignore them. Your results speak for themselves, but I would love to understand a bit more about it.
Thank you, sir
Kind Regards,
Murray


Reply
@Oh_If_Only, Thanks for your keen interest in the system. Please feel free to get back with any query you may have. You are more than welcome. Regarding the system core philosophy I will divulge this much - System looks only at the daily close prices and looks to take part in the direction of ongoing trend at key support levels rather than looking for key reversal zones for a change in trend direction. During a bull phase you will get lot of long signals and during a bear phase you will get lot of short signals. System will not give signal at the start of a major trend. But you will get lot of signals during the course of the trend. This core philosophy behind the system gives it consistent results across diverse instruments in diverse markets. The only customization allowed is on the position sizing front because I felt it was necessary for each person to identify the right set of instruments and match with individual trading equity and risk readiness. Nothing else in the system can be changed from the front end.
Reply
Oh_If_Only syam-mohan-vs
@syam-mohan-vs,

Again, thank you sir. You are extremely generous with your system insight, and I appreciate that.
I am long June "M" oil - review my posts, if you have interest, and I like this current price area.
I will follow you if you don't mind and please issue an alert if your system says Sell Oil ... lol
Thank you
Reply
@Oh_If_Only, When the system gives a sell on the OIL charts I will post here. You will automatically get an alert as you are following me. Just make sure you have appropriate setting turned ON in your profile. You may also consider taking access rights to this trading system. Please visit my profile status field to know how you can get access to this system.
Reply
Whats d trgt u looking at..pls
Reply
@sammin22s, This is not a target based system. System analyzes daily close prices to give signals for execution next day at market open. So any exit would depend on where the daily close price is.
Reply
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