Nifty intraday trading system afl
May 27, by JB Marwood. In this post I will show how to build system quick trading system for the Niftythe Indian stock exchange, using Amibroker. The video here proves just how quick the process can be. Position trading is all about taking relatively long-term, directional trades in the trading. Therefore, to build this system I first considered what type of strategies would fit the bill. I decided that a moving average strategy might be a good one to use. The first step nifty to download Amibroker and Amiquote to the computer and both system be downloaded intraday a free trial. While Amibroker is the software used to test strategies, Amiquote is used to import free historical data into the program. When Amibroker first opens, the default database and template is pre-loaded. A new database can be setup but in this instance I will just keep open the preloaded one — this contains financial information for the 30 stocks in the Dow Jones Industrial Average. What we want to do is upload historical afl for the Nifty so that we can test various strategies and this is easily done with Amiquote. Then type in the Yahoo! So long as Amibroker is open in the background intraday data for the Nifty will be automatically imported into the program. Click on it and the data will be displayed in the main chart. You can drag any indicators such as moving averages over from the technical indicators panel straight onto the chart and it system display it. I want this Nifty positional trading system to find profitable trends using moving averages so now I will test my ideas using the back-tester. This brings up the analysis window. Here, I click Intraday in order to open up the example trading code that comes pre-loaded. I have decided that this positional trading system will buy the Nifty when the day EMA crosses over the day EMA and sell when it crosses back under. The system will use the close to calculate values and use the open to enter and close trades. The exact code is shown here:. Next system is important nifty verify the syntax is correct by clicking on the red tick. I then give the system a name and close the window making sure to save changes. Now that the code has been written, I simply re-pick the formula file which has been saved into the Amibroker folder on my computer. I then click back test trading Amibroker gets to work. Clicking on Report allows a much more trading depth view of the systems results. As you will see by the results, only one trade was placed producing a compound annual return of I then re-run the system on forward data, from to the present day and see whether the system performed was able to replicate those results. As you can see, building nifty Nifty positional trading system is incredibly simple with Amibroker and the free data from Yahoo. While these results on the Nifty may not sound that great, they are actually not bad. Using this strategy on a number of other markets together and incorporating some more rules could lead to trading worthwhile trend system. Just enter your email address below to download all. Unsubscribe at any time. Subscribe to the mailing list. Notify me of follow-up comments by email. Notify me of new posts by email. JB Marwood is an independent trader, educator and writer specialising in trading systems and stock afl. He began his career trading the FTSE intraday German Bund for a trading house in London and now works through his own company. He also writes for Seeking Alpha and other afl publications. Nothing on this site is to nifty construed as personalised investment advice. Please see the full disclaimer. Latest Charts Amibroker Systems Afl Tools I Use Brokers Blog About Amibroker Book Free System Top Posts. See More Posts Like This One Amibroker AFL Collection Learn Amibroker with TradingMarkets: Leave a Reply Cancel reply Name Email Website Subscribe to the mailing list Notify me of follow-up comments by email. Classic Trading Books That Inspire New Ideas. My 4 Best Intraday Trading Techniques. Testing The RSI 2 Trading Strategy. How to build profitable mean reversion trading systems. Ultimate Guide To The Boy Plunger.
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