Double Bollinger Band Strategy :
تم تحديثه
Double Bolliger band Strategy :
Tried to put in best easy way in the chart and simple explanation below :
What we need :
Two Bollinger Bands
1. Length 20 and StdDev 1
2. Length 20 and StdDev 3
Confirmation with indicators should be in same trend with candle stick trend
1. RSI (For trend identification)
2. Stoch (Entry and Exit confirmations / Overbought and Oversold confirmations)
Risk Reward Ratio : 1:2 or 1:1.5 or as per your risk appetite, above ones shown with 1: 2 RR
Rules of the game :
When ever candle stick crosses above/below BB with StdDev 1, that’s the entry. Any candle after this should be used as entry point above the earlier candle which crossed BB with StdDev 1, stop loss should be the candle stick (candle stick which crossed) high or low (sell/buy respectively) or middle line of Bollinger band which ever are nearer. Take profit is 1 : 2 or as per the risk appetite.
Avoid when :
• Long wicks or long candles which crossed the BB with StdDev 1
• If the candle stick trend is not matching with RSI/Stoch (all should be in following same trend path)
• If we don’t get entry within 2 candle sticks after the candle stick which crossed above/below BB with Std Dev 1
Stop Loss : Stop loss is the key here, please do not enter unless you understand how to calculate stop loss. Calculate Stop loss first before entry and it should be minimal say not beyond 40 points in Nifty as an example / acceptable loss in above example chart.
Result : Out of 7 entries 1 hit SL while 6 won. 7 wins with 80 points each vs 1 SL with 40 points make to 520 points gain overall.
Please do let me know if you have any questions would be happy to respond.
Please do like and share this idea. Thanks
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Tried to put in best easy way in the chart and simple explanation below :
What we need :
Two Bollinger Bands
1. Length 20 and StdDev 1
2. Length 20 and StdDev 3
Confirmation with indicators should be in same trend with candle stick trend
1. RSI (For trend identification)
2. Stoch (Entry and Exit confirmations / Overbought and Oversold confirmations)
Risk Reward Ratio : 1:2 or 1:1.5 or as per your risk appetite, above ones shown with 1: 2 RR
Rules of the game :
When ever candle stick crosses above/below BB with StdDev 1, that’s the entry. Any candle after this should be used as entry point above the earlier candle which crossed BB with StdDev 1, stop loss should be the candle stick (candle stick which crossed) high or low (sell/buy respectively) or middle line of Bollinger band which ever are nearer. Take profit is 1 : 2 or as per the risk appetite.
Avoid when :
• Long wicks or long candles which crossed the BB with StdDev 1
• If the candle stick trend is not matching with RSI/Stoch (all should be in following same trend path)
• If we don’t get entry within 2 candle sticks after the candle stick which crossed above/below BB with Std Dev 1
Stop Loss : Stop loss is the key here, please do not enter unless you understand how to calculate stop loss. Calculate Stop loss first before entry and it should be minimal say not beyond 40 points in Nifty as an example / acceptable loss in above example chart.
Result : Out of 7 entries 1 hit SL while 6 won. 7 wins with 80 points each vs 1 SL with 40 points make to 520 points gain overall.
Please do let me know if you have any questions would be happy to respond.
Please do like and share this idea. Thanks
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
ملاحظة
Empirical Rule 68% of Data will fall in with 1 Standard Deviation
95% of Data will fall with 2 Standard Deviation
99.7% of Data will fall with 3 Standard Deviation
Default BB StdDev will be 2
what we used in 1 and 3 to capture the extremes and benefit out of it, that means 68 to 99.7% .. this is the logic behind above strategy
ملاحظة
Today we got an entry at 12 15 for a 75 points gain.ملاحظة
Today 8th Nov 2021 and we got one setup with this strategy :ملاحظة
ملاحظة
10th Nov... we did not get the setup ... no entryملاحظة
11th Nove... we got one entry ...86 points gain .. RR 1:2; RR 1:5 ideal in the kind of market we are into this week....ملاحظة
12th Nov, got one entry for a 99 points gain with RR 1:3ملاحظة
15th Nov... we did not get the setup ... no entryملاحظة
16th Nov... there is a strong support at 18050, ملاحظة
17th Nov, two entries, one with SL cost to cost and other one 50 points gain,ملاحظة
18th Nov... we did not get the setup ... no entryملاحظة
23rd Nov, two entries, one with SL 34 points and other one 85 points gain for a RR 1:2,15 mins chart
5 mins chart for entry and exit
ملاحظة
Nifty ملاحظة
25th and 26th Nov... we did not get the setup ... no entryملاحظة
ملاحظة
5th to 8th Augملاحظة
ملاحظة
ملاحظة
16th Sep 2022ملاحظة
5 mins time frameملاحظة
5 mins time frame.. todays opportunitiesملاحظة
ملاحظة
21 sep 2022\\
\
ملاحظة
22 Sep 2022ملاحظة
23 Sep 202215 mins chart
ملاحظة
28 Sep 20225 mins chart
ملاحظة
29 Sep 20021 min chart
ملاحظة
ملاحظة
4 Oct 2022 5 mins chart
ملاحظة
6th Oct 2022ملاحظة
10 Oct 20225 mins chart
ملاحظة
11 Oct 2022ملاحظة
ملاحظة
12 Oct 2022ملاحظة
13 Oct 20225 mins chart
ملاحظة
14 Oct 2022ملاحظة
17 Oct 2022ملاحظة
18 Oct 2022ملاحظة
19 Oct 20225 mins chart
ملاحظة
20 and 21 Oct 20225 mins chart
ملاحظة
one more on sell sideملاحظة
25 Oct 2022ملاحظة
28 Oct 2022ملاحظة
31 Oct and 1 Nov 20225 mins chart
ملاحظة
2 Nov 20225 mins
ملاحظة
3 Nov 20225 mins chart
ملاحظة
7 Nov 2022ملاحظة
11 Nov 20225 mins chart
ملاحظة
14 Nov 2022ملاحظة
15 Nov 20225 mins bank nifty
ملاحظة
18 Nov 20225 mins chart
ملاحظة
07 Jul 202315 mins chart
ملاحظة
11 Jul 2023ملاحظة
12 Jul 2023
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.