Steemit Crypto Academy | Summary on Homework Task, Week 4- Season 5

Hello steemians how are you? I hope you all are doing well and you all are safe and healthy during this pandemic time.

Here ends week 4 of season 5 for my homework task, it felt so good to check the homework task as a professor and after being a student for 4 seasons. I have got an overwhelming response from the students which I was not expecting because of the 10 demo trades questions. It was my second experience as a teacher and I tried my best to be lenient and understandable, hope you all find it informative and useful.

This week we covered : One of the best strategy from the category indicator strategy that is Puria Method of indicative strategy. Starting from its defination, Working, construction we end our discussion on demo trades. Another thing we discuss in our homework post is the creation of new strategy. Students develop different strategies using patterns and indicator that they can use in there daily life trading.

Basically puria method is used by scalp traders and also by Traders work on intraday short time frame trading.

This week we com up with 5 different questions starting from understanding of puria method we discuss about its trends in the market. After that we we try to analyse another filter. After that students perform 10 different demo trades. Then finally they create there own strategy.

Puria Method strategy is an indicator based indicative and is used by scalping traders and intraday traders. This strategy consists of 3 different indicators 2 weighted moving average and MACD. MACD works as signal filter.

In this strategy the only thing we don't consider is the candles of MACD pattern. We only use the moving line. Move above 0 and below 0 line. Once price move above 0 line we can buy trade if candle is above moving average and vice versa for the selling part.

Using Signal filter other than MACD is a very important question. The reason is the limitation that you have to use only an indicator having 0 level such as ROC, ADX, CCI and so on. RSI, slow stochastic and other oscillator are incorrect as they don't have 0 level.

The only thing that I think many of the author unable to understand is that in demo trades you have to perform buy and sell on single pair. For eg. Buy BTC/USD using Puria Method and then sell BTC/USD using Puria Method, this will create 2 Trades on single pair. And this is how we have to create 10 trades on 5 cryptocurrency pairs. 5*2=10.

Finally Authors create different strategies using different tools and patterns. But many of then simply change the length of MACD and moving average lines which is not be considered as a new pattern.

This is the basic summary of the homework of week 4.

This week, I have visited all the post submitted on my tag #utsav-s5week4 and #cryptoacademy. Once again I request all the participants to check their tag correctly. If anyone use incorrect tag change it, comment your link below, I will try to visit your post.

Observations and suggestions:

In week 4 total 27 entries were made in which we find all type of entries, Outstanding, Excellent, Good, Average and Poor.

Well organised homework post with clear screenshots and perfect trades receive good grading while other losse marks in different areas. Let us address few of them.

Presentation:

I consider presentation as one of the most important part of any homework post. It depend on many factors such as screenshots and there editing, Clarity of content structure and also special guidelines. This time I mention two most important guidelines and consider it as a part of presentation that is to justify text and as your country tag. One who fail to follow these simple guidelines fail to receive marks in presentation.

Proofreading :

As we mention that one have to read his/her homework post before submission. Few users make silly mistakes such as spelling mistake, Markdown style mistakes, unwanted symbols in between text and so on. The only thing that can resolve this is issue is proofreading. Read your complete homework post before submission.

Question Answers:

Many of our authors fails to understand question 4 in which they loose marks. Since many authors done the same mistake so I deducted 0.5 marks in each post. But most of the questions are correct and we'll explained.

Evaluation :

My grading system was based on quality of analysis of each Question, presentation and originality. Out of 27 entries only 1 entry recive 10/10. Number of post recive Vs. Quality Tag of these 27 entires are given below in the form of bar graph.

Quality Tag	Number of posts	Marks Range
Outstanding	1	10
Excellent	14	8.5-9.5
Good	8	7.0- 8.0
Average	3	5.0-6.5
Poor	1	0-4.5

In terms of pie chart the total percentage of post received certain quality Tag is given below:

Percentage:
(Number of post/Total number of posts)X100

Marks obtained by number of posts is given below :

Marks obtained	Number of posts
10	1
9.5	6
9	5
8.5	3
8	3
7.5	3
7	2
6.5	0
6	0
5.5	2
5	1
Below 5	1

I have evaluated all the entries on the basis of the following parameters:-

• Quality of analysis Of each question, 2 questions 1.5 marks each and 3 question is for 2 marks. And 1 question for 1 Mark.

• Presentation including originality 2 marks in total. It consists of proofreading, Guildlines, editing and other factors we discussed above.

• Club5050 users received additional 1 mark is reward under category of presentation.

• Grammar, spelling, plagiarism, formatting all are covered under this marking scheme.

Top 3 post :

Out of 27 entries, I found the following as three best entries of this week :

Position	username	post link
First	@wentv	post link
Second	@ckole	post link
Third	@chinabertrand	post link

Conclusion:

It is time to conclude our homework post summary in which we try to summarise each and every important and basic need of homework post one should take into consideration. While performing homework we have to focus on what is the demand made by questions or is there any specific guidelines made. By doing this we can secure the marks that we are losing in silly mistakes.

The aim of this homework post is to teach every user about indicator strategy that one can use in there day to day trading life. Try to use this Strategy in your trading and share your views below in comment box.

Join club5050 to grow steemit and steem coin more and more. Our main is to provide quality content to users and teach them different methods of working. Of you are eligible to work in steemit crypto academy then do join this excellent community for more such assignments.

Thankyou.

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@steemcurator01
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