Intraday Trading AFL With Target and Stoploss

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Today I am posting a Intraday AFL which is made for intraday trading purpose. This AFL I got from a Mudraa friend. (Source –Mudraa) As per AFL it says it is made by Ravi.(Full credits to Author)

Features of Intraday Trading AFL:-

• Automatic Buy Sell Signal on Chart.
• Can be used for intraday trading purpose for Nifty, BankNifty and Stocks( I would recommend it for Liquid Stocks)
• It gives Buy/ Sell Signal with Proper Stloploss and Target.
• I backtested it, gives good results in trending markets. But may give whipsaws in Choppy or Sideways markets.
• AFL is having three EMA’s ---    EMA1- High 34, EMA2-Low34, EMA3- Close 34. So it is giving importance to 34 EMA.
• Trend by ATR. You can change ATR settings by changing its values in parameter window.
• Use it on your own. (Read Our Disclaimer First)

Password:- traderadda.com

Download Intraday AFL Here

For Further Reading,

AFLs and Indicators, Amibroker