NIKI MSS BANKNIFTY

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.

Note di rilascio:

Updated the hedging logic of the indicator for options trading.

Note di rilascio:

Updated with strategy period selection.

Note di rilascio:

Updated the basic settings of the indicator.

Note di rilascio:

Change the default settings of the indicator.

Note di rilascio:

Re-entry locations updated. This indicator is intended for Algo trading, so slippage is reduced to 3.

Note di rilascio:

Updated entry positions based on the present market situations.

Note di rilascio:

Updated with provision for hedging in future also.

Note di rilascio:

Updated the hedging method and options syntax for monthly expiry.

Note di rilascio:

Removed the scalping parameter. Updated the hedging entry position. Modified the re-entry positions.

Note di rilascio:

Updated the syntax for Algo trading.

Note di rilascio:

Updated hedging based on once per bar close.

Note di rilascio:

Updated the long entry-exit conditions.

Note di rilascio:

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.

Note di rilascio:

Updated the trade exit conditions.

Note di rilascio:

Updated the hedging and entry logic. Simplified the interface, modified the target.

Note di rilascio:

Updated the intraday timings and entry on 9.15 am

Note di rilascio:

Updated the exit conditions.

Note di rilascio:

Updated the entry on gap up/down conditions.

Note di rilascio:

Updated the logic based on present market conditions.

Note di rilascio:

Removed bar state confirmed(bsc) function to avoid chances for re-paint.

Note di rilascio:

Updated the logic.

Note di rilascio:

Updated the stop loss.

Note di rilascio:

Reduce the stop loss to 1.1% and updated the basic settings.

Note di rilascio:

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.

Note di rilascio:

Updated the display settings of the strategy.

Note di rilascio:

Updated the target and stop loss.

Note di rilascio:

Enable pyramiding and multiple entries.

Note di rilascio:

Updated the re-entry positions.

Note di rilascio:

Updated the long entry logic.

Note di rilascio:

Updated bar color.

Note di rilascio:

Updated the entry positions.

Note di rilascio:

Updated the entry price.

Note di rilascio:

Update the indicator based on bank nifty last week's performance.

Note di rilascio:

Updated the indicator based on last week's performance.

Note di rilascio:

Updated the indicator based on last week's performance.

Note di rilascio:

Removed background color and slippage reduced to 3.

Note di rilascio:

Updated based on bank nifty today's performance.

Note di rilascio:

Updated the indicator based on bank nifty last week performance.

Note di rilascio:

Updated the indicator-based bank nifty last month's performance.

Note di rilascio:

Updated the target and stop loss.

Note di rilascio:

stop-loss Updated.

Note di rilascio:

Updated symbol visibility.

Note di rilascio:

Fyers syntax updated.

Note di rilascio:

Updated the logic-based bank nifty last week's performance.

Note di rilascio:

Updated the target and stop loss

Note di rilascio:

Updated the target, stop loss, and entry logic.

Note di rilascio:

Updated the indicator based on bank nifty last week's performance. (Modified exit and entry conditions)

Note di rilascio:

Updated the logic based on bank nifty last week's performance.

Note di rilascio:

Updated based on bank nifty last week's performance. Added a moving average line which will act as support and resistance.

Note di rilascio:

Updated the average line and entry based on the moving average line.

Note di rilascio:

Updated the indicator based on Banknifty last week's performance. Enable option for low-risk trade.

Note di rilascio:

Updated the indicator based on Banknifty last week's performance.

Note di rilascio:

Updated the bank nifty indicator based on bank nifty last two months' performance.

Note di rilascio:

Updated the KOTAK Security Syntax.

Note di rilascio:

Updated product selection.

Note di rilascio:

Reduced stop loss from 1% to 0.48%

Note di rilascio:

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)