BankNifty_Bullish_Intraday
The script uses following mechanism to give a signal of BUY if multiple parameters evaluated are all passed.
ENTRY-
1. 5 min MACD should be more than its previous tick
2. 15 min MACD should be more than its previous tick
3. 60 min MACD should be more than its previous tick
4. ADX should be more than 12
5. RSI should be more than 60
6. Stochastic %k should have cross over with %d
7. Bollinger band upper band value should be more than previous tick
EXIT
If the 5 min bar price closes below 5 min EMA , it gives an exit signal.
Bankniftytrend
BankNifty_Bearish_Intraday
The script uses following mechanism to give a signal of SELL if multiple parameters evaluated are all passed.
ENTRY-
1. 5 min MACD should be less than its previous tick
2. 15 min MACD should be less than its previous tick
3. 60 min MACD should be less than its previous tick
4. ADX should be more than 12
5. RSI should be less than 40
6. Stochastic %k should have negative cross over with %d
7. Bollinger band lower band value should be less than previous tick
EXIT
If the 5 min bar price closes above 5 min EMA , it gives an exit signal.
NIKI MSS BANKNIFTYThis 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.
PpSIgnal Algorithm Trade System BANKNFTY Only for trading BankNifty Fut.
Use in 15 minutes time frame.
Initial capital 1000 Use Indian Rupee , you buy the maximum of the capital since it represents little money at the beginning, you can risk less capital in percentage, for example, 10% of 1000 IR.
Commission 0.006% per contract, we use the commission of one of the best-known brokers.
You can adjust the slippage you consider.
Date of time strategy
strategy star from 05/2019, You can choose the start day and the end day of the backtesting test.
Money management
Take profit to buy 1%
Stop Lose sell 1%
Take Profit 1%
Stop Loss 1%
How it works?
The system works by looking for trends and volatility in a 15-minute time frame.
Once the system finds the trend and volatility, it opens an operation looking for a profit at the buy of 1% and loss control of 1%. For Sell operations, it will seek a 1% profit with a 1% loss control.
Enjoy it ....date expired 17 December 2020
Aditya Banknifty-2 IndicatorThis indicator is designed for Banknifty which is traded on NSE(India). It works best in 1-M and 5-M time-frame. You can always experiment with any other time-frame with various combinations of settings.
Green Line- Buy Trigger Line
Red Line- Sell Trigger Line
Period: No. bars for look-back period.
Trade Trigger Type:
1. ATR Based – Trade will be initiated based on ATR values.
For 1M time-frame: Trigger ATR Bars=7
ATR Multiplier = 3.1
For 5M time-frame: Trigger ATR Bars=7
ATR Multiplier = 0.5
2. Fixed - – Trade will be initiated based on particular fixed value.
3. % of Close - Trade will be initiated based on % of Close of script.
Take Partial Profit: Whether to book partial or not.
Partial Profit Points: It always better to book partial profit after getting into the trade. We can book 1 quantity after our partial profit target is hit by making Order Size=2 and let the remaining quantity in the trade until the reversal of trend.
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks and costs associated with trading the financial markets.
This is a premium indicator so send me a private message for access.
Use the link below to obtain access to this indicator.
Aditya Signal 1.1 BankNifty Intra-Day Trading IndicatorThis is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for intra-day Bank Nifty Index which is traded on NSE(India). The same strategy can used for Nifty, Stocks and other indices also by adjusting the inputs.
The detailed description about the indicator is as follows:
Long Period: Period for calculating Primary Signal Line (Yellow).
Long Period Input Source: Input for calculating Primary Signal Line.
Short Period: Period for smoothing the Primary Signal Line.
Short Period MA: Method for smoothing the Primary Signal Line.
No. of ATR Bars: No. of ATR bars for calculating Primary Signal Line.
ATR Multiplier: ATR multiplier for ATR calculation.
Trade Trigger: Value above or below of Primary Signal Line for Long or Short signal. The dotted lines in Green and Red color represents the same.
Bar Crossover Input Source: Current bar input for additional signal confirmation above or below Primary Signal Line.
Bars Above Signal High: No. of bars closing above Secondary Signal Line (Blue)
Bars Below Signal Low: No. of bars closing above Secondary Signal Line (Purple)
No. of bars crossover method uses certain no. of bars for closing above High or Low of the crossover of closing price and the Primary Signal Line in combination with Trade Trigger. The idea behind this design is to avoid fake signal due sudden spike in price. Also, this ensures that price consolidates above High in case of Long signal confirmation and vice-versa. By increasing no. of such bars, we can anticipate, how much time it takes for short-term and long-term trend reversal.
Depending upon the time-frame, just by observing the High and Low of previous crossover of closing price and Primary Signal Line, we will have better understanding of undercurrent of market.
By using different combination of Trade Tigger value and no. of bars above and below, we can anticipate better trend confirmation.
The various combinations of price source of Long Period Input Source and Bar Crossover Input Source, the Short Period MA method shows promising results. Kindly PM me for these optimum settings for other financial instruments.
It always better to book partial profit after getting into the trade which increases the odds. The default trade quantity is 2. We book 1 quantity after our partial profit target is reached and let the remaining quantity be in the trade until the reversal of trend. By enabling or disabling the same we can determine the profit or loss from historical trade from when the trade quantity is 1. Just remember to change the default quantity to 1 in Order Size from properties when you disable the Take Partial Profit option.
Take Partial Profit: Whether to book partial or not as explained above.
Partial Profit Points: It always better to book partial profit after trend getting into the trade. The default trade quantity is 2. We book 1 quantity after our partial profit target is hit and let the remaining quantity in the trade until the reversal of trend.
Instrument Type: We can select the which instrument for analysis. By adjusting the Take Partial Profit value by selecting Other Option, you can analyze instrument of your choice other than mentioned in the list for Partial Profit depending upon stock tick value and lot quantity or you can PM me. I have adjusted value for Crude Oil and Silver for MCX(India) future contract values.
This is a premium indicator so send me a private message for 15 days free trial.
"Use the link below to obtain access to this indicator."
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks and costs associated with trading the financial markets.
NIFTY-50 on 10 min TimeFrame by Aditya
I have developed this strategy for NIFTY-50 Index on which is traded National Stock of Exchange(India). It is non-repainting indicator and uses @version=4
This script uses hourly and daily price data.
The results will be very different depending on the chart and time-frame of your choice and date range of your choice.
The default contract quantity is set to 2 .You can adjust as per your risk management.
I have found that taking partial profit (1 contract) and continuing the with remaining (1 contract) keeps you in trade until next trend reversal.
It has following usage setting:
1. Enable/Disable take partial profit.
2. Partial profit points.(45 points gives better results)
3. No. of contracts for partial profit booking.
4. Date Range (From and To) to check for different date range.
4. Enable/Disable Bar Color.
5. Enable/Disable Background Color.
Thanks © allanster for script"How To Set Backtest Range" for Date Range functionality .
I have tested this indicator on 10 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 1 year
from 21/01/2019 to 14/02/2020.
Points=5632.
No. of trades=202
Profit Factor=1.9
Sharpe Ratio=0.626
The NIFTY-50 contract size is 75.
This strategy gives better results on Index as this is optimized for Indexes. You can always try on other instruments or you can private message me.
Use proper risk management.
This is a premium indicator so send me a private message in order to access this script. This script is for information and educational purpose.
