My star protege, Kamal Mahal; has come up with a minor twist in a system that now beats both 7/105 and tripple screen.
The twist is simple
Be quick to turn bullish and slow to turn bearish. This twist has been talked about by gann and the other masters and yet somehow a lot of systems are built as if the market is symmetrical on the upside/downside.
Kamal actually started with a unique way of measuring accumulation/distribution. Somehow he ended up building what I can best define as a double screen system.
Its effectively a subset of elder's tripple screen system with the extra twist of being quick to turn bullish. (that bias probably works well on nifty right now because nifty is in a sustained fundamental+technical uptrend)
I had been reluctant to market my tripple screen initially because its just a lot of work. The tripple screen leaves a lot to the user's discretion like the final entry trigger. This new system which we're calling a double screen system is almost as good, purely mechanical and easy to use.
So we'll have it ready within a few days.
This is probably one of the top systems for trading nifty that is out there and it will be available for sale:
5000 rs per copy. That will include a mini tutorial on how to set it up/trade so that beginners are not lost.
I'll post a link to Kamal's website as soon as he sends me the link
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4 comments:
people listen to their proteges instead of the people their proteges listen to.... told you the 7/105 gives too many signals...I am delighted you were quick to realize this. good luck
ahem
did i mention
I already use tripple screen for entry/exit which is significantly quicker than most other systems.
quickness vs quality of signals
are always two forces which need to be balanced...
what is 105 ema???
105 is 21*5
21 ema of higher tf roughly.
if you want even faster
then you have to look at 13*5
65
And if u think 7/105 gave too many signals
You need to see the latest system :))
It has even more signals because it is using 13 ema of higher tf .... the only thing is since the long/short signals are assymetrical. the system is slightly better.
The difference between kamal's version and tripple screen is that
tripple screen needs higher tf confirmation for long...
Kamal is skipping that.
I probably also know why.
reason is that the backtest over which this duration is done. the highest tf trend i.e monthly 13 ema etc is up.
Bascially all the testing has been done in a bull market, above 13month ema or above 200 sma.
anyway will add a monthly filter to the system later and see if it results in any improvements
man do i hate being patronized :))
"people listen to their proteges instead of the people their proteges listen to.... told you the 7/105 gives too many signals...I am delighted you were quick to realize this. good luck "
i don't remember being told 7/105 gives too many signals.
and if you did , did you offer a better system??
and even right now?
Can you offer a better system than a double/tripple screen??
People focus too much on accuracy.
Focus on the reward/risk and profitability
Read my old post.
If anyone needs a detailed power point explaining risk/reward
buzz me on yahoo
niftytradersinc@yahoo.com
got something from rish on abc setup/risk management
Also have a ton of other stuff by van tharp.
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