This is the strategy version of my old indicator NIKI BANKIFTY. It is more suitable for day trading with a 5 min chart. It is more profitable in BANKNIFTY future. It is based on multiple Supertrend, moving average, Donchain channel, and linear regression. The background color indicates the main trend and the color of the candle represents a short-term trend. The label with TA and SL represents more profitable entry positions. The label RE: LE and RE: SE stands for re-entry positions or signals with less accuracy. Consider the direction of the linear regression line to take trades on re-entry positions. The yellow candle indicates the entry and the blue candle represents the target or stop-loss.
The backtest results are based on BANKNIFTY last year's data. It has an initial capital of 100000 and the size of the lot is 1. The target is 0.3% and stop-loss is 1.5%. It exactly not following the stop loss, the trade will exit based on the Donchain channel breakout. It appears on the chart as a blue candle. The commission paid is 20 cash per trade and the slippage is 5 ticks per trade. Some of the Indian broker's commission is only 10 cash per trade. Adjust the commission as per your broker. Trades are conducted based on the intraday time in India set from 9.20 am to 2.25 pm. All positions will get square off at 3.00 pm. It will execute a maximum of 4 trades per day. All other parameters are suitable for Robo trading with Indian stock brokers.
Contact us using the link given below to obtain access to this indicator.
The backtest results are based on BANKNIFTY last year's data. It has an initial capital of 100000 and the size of the lot is 1. The target is 0.3% and stop-loss is 1.5%. It exactly not following the stop loss, the trade will exit based on the Donchain channel breakout. It appears on the chart as a blue candle. The commission paid is 20 cash per trade and the slippage is 5 ticks per trade. Some of the Indian broker's commission is only 10 cash per trade. Adjust the commission as per your broker. Trades are conducted based on the intraday time in India set from 9.20 am to 2.25 pm. All positions will get square off at 3.00 pm. It will execute a maximum of 4 trades per day. All other parameters are suitable for Robo trading with Indian stock brokers.
Contact us using the link given below to obtain access to this indicator.
הערות שחרור:
Updated the hedging logic of the indicator for options trading.
הערות שחרור:
Updated with strategy period selection.
הערות שחרור:
Updated the basic settings of the indicator.
הערות שחרור:
Change the default settings of the indicator.
הערות שחרור:
Re-entry locations updated. This indicator is intended for Algo trading, so slippage is reduced to 3.
הערות שחרור:
Updated entry positions based on the present market situations.
הערות שחרור:
Updated with provision for hedging in future also.
הערות שחרור:
Updated the hedging method and options syntax for monthly expiry.
הערות שחרור:
Removed the scalping parameter. Updated the hedging entry position. Modified the re-entry positions.
הערות שחרור:
Updated the syntax for Algo trading.
הערות שחרור:
Updated hedging based on once per bar close.
הערות שחרור:
Updated the long entry-exit conditions.
הערות שחרור:
Linear regression line removed. Updated hedging and modified maximum loss parameter. Added a new parameter called Options Auto Expiry, enabling this parameter to eliminate the need for option expiration details in the case of robot trading.
הערות שחרור:
Updated the trade exit conditions.
הערות שחרור:
Updated the hedging and entry logic. Simplified the interface, modified the target.
הערות שחרור:
Updated the intraday timings and entry on 9.15 am
הערות שחרור:
Updated the exit conditions.
הערות שחרור:
Updated the entry on gap up/down conditions.
הערות שחרור:
Updated the logic based on present market conditions.
הערות שחרור:
Removed bar state confirmed(bsc) function to avoid chances for re-paint.
הערות שחרור:
Updated the logic.
הערות שחרור:
Updated the stop loss.
הערות שחרור:
Reduce the stop loss to 1.1% and updated the basic settings.
הערות שחרור:
The strategy was updated with a second entry in the same direction as the signal. You can disable the second entry from the settings to "None" to see the results without a second entry. The second entry will act as a 2 lot trading and run another order in the same direction as the previous signal.
הערות שחרור:
Updated the display settings of the strategy.
הערות שחרור:
Updated the target and stop loss.
הערות שחרור:
Enable pyramiding and multiple entries.
הערות שחרור:
Updated the re-entry positions.
הערות שחרור:
Updated the long entry logic.
הערות שחרור:
Updated bar color.
הערות שחרור:
Updated the entry positions.
הערות שחרור:
Updated the entry price.
הערות שחרור:
Update the indicator based on bank nifty last week's performance.
הערות שחרור:
Updated the indicator based on last week's performance.
הערות שחרור:
Updated the indicator based on last week's performance.
הערות שחרור:
Removed background color and slippage reduced to 3.
הערות שחרור:
Updated based on bank nifty today's performance.
הערות שחרור:
Updated the indicator based on bank nifty last week performance.
הערות שחרור:
Updated the indicator-based bank nifty last month's performance.
הערות שחרור:
Updated the target and stop loss.
הערות שחרור:
stop-loss Updated.
הערות שחרור:
Updated symbol visibility.
הערות שחרור:
Fyers syntax updated.
הערות שחרור:
Updated the logic-based bank nifty last week's performance.
הערות שחרור:
Updated the target and stop loss
הערות שחרור:
Updated the target, stop loss, and entry logic.
הערות שחרור:
Updated the indicator based on bank nifty last week's performance. (Modified exit and entry conditions)
הערות שחרור:
Updated the logic based on bank nifty last week's performance.
הערות שחרור:
Updated based on bank nifty last week's performance. Added a moving average line which will act as support and resistance.
הערות שחרור:
Updated the average line and entry based on the moving average line.
הערות שחרור:
Updated the indicator based on Banknifty last week's performance. Enable option for low-risk trade.
הערות שחרור:
Updated the indicator based on Banknifty last week's performance.
הערות שחרור:
Updated the bank nifty indicator based on bank nifty last two months' performance.
הערות שחרור:
Updated the KOTAK Security Syntax.
הערות שחרור:
Updated product selection.
הערות שחרור:
Reduced stop loss from 1% to 0.48%
הערות שחרור:
Updated the strategy based on the last 6 months' performance. In latest version Anyone can do fully automated trading with any Indian Algo trading platform(Tradetron, Nextlevelbot, Algo baba, Algoji... etc)