Regarding Velocity Long Entry
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@Brijesh-Bhatia
Sir i attended Manthan @ Ahmedabad. you had explained your Velocity Trading System. i had some confusion. pl clarify- Create Stock within 10% of 52 week High Group = my query is we have to update group(Stocks) on daily basis or weekly basis or which frequency?
- Entry Condition = RSI > 50 & MACD Bullish Crossover on 1 hour time frame
i had created Velocity Long entry in system builder with below conditon
Exit Condition - MACD Bearish Crossover
pl check and reply
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You need to update the stocks group daily.
The scanner are perfect.
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Thank you Brijeshbhai
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@Brijesh-Bhatia Sir, I have attended Jaipur Mathan. Query on the same above setup
- I didn't find Velocity Scanner in RZone, Can you please suggest?
- Exit for this strategy is MACD negative crossover or anything else
- If we take Future for this strategy then how do you handle rollovers
thanks
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@Atul-Bansal @Paresh-Topiwala The scanner is available in the RZone. Check the image below.
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Dear @Brijesh Bhatia, I was trying to backtest but I see a lot of trades triggered, and CAGR is showing 0.02%. Is this correct or am I doing something wrong? Also I don't find Velocity scannner in Algostra. Please suggest on back test results and availablity of filter in Algostra.
thanks.
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@Atul-Bansal Sir it is incorrect. You have to filter the stocks that are trading within the 10% of the range of 52-Week High for Longs and 52-Week Low for shorts.
As I can see, you are backtesting IRCTC for Long which is at 52W Low.
