Gaba-DCPV™
This is an Oscillator developed for use on the TradingView platform for generating buy/sell signals based on my proprietary trading method.
Performance is preferable on the 1:2 risk-reward method.
Please Note:
“Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.”
Registration granted by SEBI, membership of a SEBI-recognised supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
“The securities quoted are for illustration only and are not recommendatory.”
Please note: this is a paid oscillator on TradingView licensed to you for a limited period
Key Features
Automated colour-coded Clear Cycle Shifts to Positive (Green) and Negative (Red) zones on the charts
Automated visual colour coding while in the Positive Zone & Negative Zone
Please note this is not a Holy Grail Trading method but a discretionary Trading Method coded to assist the Trader in trading Intraday or Overnight any instrument/market in the world
The Oscillator is constantly in development mode, and all future updates will be at no additional charge
- Please mail me the TradingView username along with the payment screenshot so that I can activate the Oscillator
- Please watch the video on how to use the oscillator
Trade Management
Trade Entry—The oscillator generates either a buy or a sell signal. Once a condition is identified, the relevant colour changes either to GREEN or RED or from RED to GREEN
Order Execution –
The order must be executed by the Trader at the open of the next bar after the signal bar.
Buy: At Open after a GREEN Colour is printed
Exit: 8 places
- Target 1: 2 is preferred
- If the initial stop-loss gets triggered, close below the low of the signal bar
- Partial booking of Profits at a 1:1 Reward move is acceptable
- Move the initial stop loss to cost only after a 1:1 R move and not before
- 20 minutes of time-stop, that is, exit if the 1:1 target is not achieved within 20 minutes after entry
- If within the 20-minute rule, a new signal is generated, then the 20-minute period starts again from this new signal. One can also consider adding to the new Buy Signal as well and treat it as a fresh trade
- Trailing stop to be used only after 2R moves and exit if it closes below the low of the previous bar, or
- Trailing stop after 2R moves
Please ignore all signals after 3.00 PM, as the markets shut at 3.30
Please be advised to remove any stop-loss orders in the system after you exit the trade.
Please do the Reverse for Selling
- Please print the above Exit Rules and strictly follow them
Guidelines on the use of the Indicator
The stable time frame for Index, Commodities & Forex trading signal generation is 5 minutes; it is also observed that 15-minute signals are also robust
Disclaimer
I am a Certified Financial Technician and also a SEBI Registered Analyst and shall not be liable for any profit, loss, or liability resulting, directly or indirectly, from the use and results of the Oscillator.
I am a self-taught trader, and the oscillator is based on my trading rule methodology, which is the result of my over 27 years of price action analysis. I do not claim that this is the best strategy that can fetch you better returns than any other strategy. The oscillator is lagging, as it follows the price action. Price goes up because people buy, and price comes down because people sell, and my Oscillator has no way of knowing that in advance. Trading is a game of probability and not certainties, and stop losses do get hit as well
This is a premium, invite-only. Script.
- You may make payment and send me the TradingView username, which is in the top left corner, and send me the payment screenshot to prakashgaba@hotmail.com
- Please click on the link below for the Gaba-DCPV oscillator and add it to your favourites.
- https://in.tradingview.com/script/J9rym5nk-Gaba-DCPV/
Instructions for activation:
Hindi:
https://youtu.be/TsMuzGB3PRE
https://www.youtube.com/channel/UC6fnrRHKl6wu7ASW0dPzJZA
English
https://youtu.be/fTRxKeqZOlM
I confirm that I understand
that trading is risky, and I have read, understood and accept the Terms & Conditions herein on this site
Copyright © 2020 Prakash Gaba
