[psb67]

Originally Posted by Evhybrid »

Hello PSB, I've never posted in your thread but It's nice to see you back. I joined TL back in 07/2009 and to this day I have your "Traits of a responsible man(trader)" list still copy and pasted on the first page of my trading plan. You are truly motivational and I for one appreciate your contributions to TL. Welcome back sir.

Hello Evhybrid,

Good eve. to you. So kind of you to reply.

I made it long ago as one of my principles to share with my fellow traders what I learn from my trading life, thanks to my fellow traders from USA, without whose self-less efforts and broadmindedness, today we will not be where we are. So I consider my efforts are nothing compared to them.

Nice evening.

[sorhash]

Originally Posted by psb67 »

Its quite a long time since I effectively made any contribution in TL. As it has always been my nature to share with and learn from my fellow day traders any system I develop and work in live market, I am presenting yet another simple system but effective under almost all the market conditions, esp. in volatile market.

I wish to make it abundantly clear to my fellow traders like before, for now, I trade only Indian stocks and USDINR futures. Due to regulatory issues, I can't trade overseas markets.

I had to discontinue trading fully due to my health factors for quite some time; now I am fully back. I may post my trading results only for learning purpose.

I will be more than happy if my fellow traders find the system working for them and guide them any time they need my assistance.

The features of the present system:

1. The market I trade: NSE, India
2. Instruments: JSW Steel, Tatamotors, SBIN, USDINR futures.
3. Trade only one or two instruments at a time.

Indicators I use:

1. HMA - 26
2. MACD - 12,26,9
3. RSI - 14,6
4. Bollinger Bands - 14, 0.26
5. Murrey math and Pivot Points

Charting software - Ninjatrader 7

Entry methods:

For Long Bulls:

1. Price is clearly above the HMA and Bollinger bands
2. MACD histogram is above zero level

For Short Bulls:

1. Price is clearly below the HMA and Bollinger bands
2. MACD histogram is below zero level

As usual, I use MACD and RSI to measure the strengths and weaknesses of the price movements.

I am attaching 2 charts with 456 sec and 933 sec. The charts are almost self explanatory but in case any clarifications required, I would love to help you out.

Healthy And Wealthy Trading
Sureba67

Hi PSB, may I know from which Indian broker you get the datafeed for Indian currency and stocks for Ninja trader

[mcgaffin]

Thanks for sharing! What are the settings for the Bollinger bands and HMA?

[psb67]

Originally Posted by mcgaffin »

Thanks for sharing! What are the settings for the Bollinger bands and HMA?

Hello Mcgaffin,

I have clearly mentioned my settings in my post itself.

Indicators I use:

1. HMA - 26
2. MACD - 12,26,9
3. RSI - 14,6
4. Bollinger Bands - 14, 0.26
5. Murrey math and Pivot Points

Instead of conventional settings used in Bolllinger bands, 14-period, 2 - std. deviation, I use 14 and 0.26. I found in MT4, its not possible to change std. deviation below 1.

Nice trading.

[psb67]

Originally Posted by sorhash »

Hi PSB, may I know from which Indian broker you get the datafeed for Indian currency and stocks for Ninja trader

Hello Sorhash,

I use NOW for trading and Diet ODIN for getting data feed for my NT7. Pl. search the net to find a software that converts Diet ODIN data to NT7.

Nice trading.

[psb67]

I just noticed I forgot to mention in my "Features of my present system", the price bars are Heiken Ashi bars

Heiken Ashi indicator is very much available in NT7.

Nice trading.