Best Intraday trading AFL code for Amibroker
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The best Intraday trading AFL code for Amibroker

Before we discussed about best intraday trading afl code. You should know what is AFL code and how its working.

Amibroker Formula Language (AFL):

AFL is a level language which is used by amibroker to create Trading systems and Algorithms. It is very easy to understand for non-programmer person also. Even a person from non-programming background can learn AFL and code their trading strategy.

Intraday Trading:

Every successful trader has one or more best trading strategy. But very few of them able to code their trading strategy. Lack of  coding knowledge is one of parameter for them.

Amibrokeris leading technical software. Amibroker provide full featured technical analysis and trading system development tools and platform. Where you can back-testing and optimization your trading strategy.  AFL – amibroker formula language is very easy to write if you learn from step by step – will discussed about AFL coding letter. AFL Code Wizard also very powerful tool by Amibroker which can covert your trading system into code.

Best Intraday Trading AFL Code?

Ah this question answer is depends on your risk profile and investment vision. If you are intraday trader Then I should suggest don’t play with single trading strategy which is available online. Every strategy has pro and cons so I suggest check strategy back- test and optimize before using. Money management is key for Successful trading.

Benefits of Intraday Trading:

  • Leverage
  • Low cost
  • No Overnight risk

Keep in mind above benefits if you are intraday trader. Lets discussed which type of strategy works well in Intraday Trading. Any Trend Following Strategy is good for intraday trading.

Moving Average base Trading Strategy : Moving average is one of most used trading system by intraday trader.  5/13 or 10/20 crossover is very effective for 5 min time frame and 15min time frame.

Intraday Indicators for Amibroker

Swing Trading  Strategy AFL: Swing trading mostly used by short time investor or trader. Its give you single when instrument change directional move. Time period from intraday to one week. Its help trader to get maximum directional move of instrument. Swing trading base on HHV ( HIGHER HIGH VALUE )  & LLV ( LOWER LOW VALUE ) price of candle.

Turtle Trading StrategyAFLTurtle trading is a well known trend following strategy that was originally taught by Richard Dennis.Indicator is used to keep track of a trade. Once a stop is hit, it waits for the next entry signal (short or long). Use onDAILY values only.Strengths of turtle trading is volatility-based. Its one of highest used trading system by Amibroker Trader.

Super Trend Trading System AFL’Supertrend’ is a trend-following index.Its used two major combinations of momentum and price action ( volatility ). ATR – calculate value of price volatilityits indicate market trend. SuperTrend indicator is created by Olivier Seben. Its works best in any momentum instruments.

Harmonic Trading  AFL: You definite listen name Fibonacci ratio. Harmonic Trading strategy used Fibonacci calculation.Harmonic trading is base on price patterns and Fibonacci ratios.

Harmonic trading also say Harmonic Patterns – which patterns repeat themselves.base on rule of methodology of primary ratio like – 0.382 , 0.50 , 0.618 , 1.00 , 1.41, 2.0, 2.24, 2.618, 3.14 and 3.618.

Also Read: The best Intraday Indicator for Amibroker

Patterns mostly like belows:

  • Gartley
  • Bat
  • Butterfly
  • Crab
  • AB=CD
  • Shark
  • 5- 0

Above are few trading strategy used by successful trader. Keep in mind that only best trading strategy alone don’t give success you should apply money management tool too with is.   Amibroker is one of the best trading tools and easy too. If you found any good strategy and need help for coding feel free to mail us – connect@investallign.in

Alsor Read:

Which Indicators are the best for Intraday Trading?

What is Supertrend Indicator? How to Use It

How to Select Stocks for Intraday Trading?

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