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.

Nota Keluaran:

Updated the hedging logic of the indicator for options trading.

Nota Keluaran:

Updated with strategy period selection.

Nota Keluaran:

Updated the basic settings of the indicator.

Nota Keluaran:

Change the default settings of the indicator.

Nota Keluaran:

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

Nota Keluaran:

Updated entry positions based on the present market situations.

Nota Keluaran:

Updated with provision for hedging in future also.

Nota Keluaran:

Updated the hedging method and options syntax for monthly expiry.

Nota Keluaran:

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

Nota Keluaran:

Updated the syntax for Algo trading.

Nota Keluaran:

Updated hedging based on once per bar close.

Nota Keluaran:

Updated the long entry-exit conditions.

Nota Keluaran:

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.

Nota Keluaran:

Updated the trade exit conditions.

Nota Keluaran:

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

Nota Keluaran:

Updated the intraday timings and entry on 9.15 am

Nota Keluaran:

Updated the exit conditions.

Nota Keluaran:

Updated the entry on gap up/down conditions.

Nota Keluaran:

Updated the logic based on present market conditions.

Nota Keluaran:

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

Nota Keluaran:

Updated the logic.

Nota Keluaran:

Updated the stop loss.

Nota Keluaran:

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

Nota Keluaran:

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.

Nota Keluaran:

Updated the display settings of the strategy.

Nota Keluaran:

Updated the target and stop loss.

Nota Keluaran:

Enable pyramiding and multiple entries.

Nota Keluaran:

Updated the re-entry positions.

Nota Keluaran:

Updated the long entry logic.

Nota Keluaran:

Updated bar color.

Nota Keluaran:

Updated the entry positions.

Nota Keluaran:

Updated the entry price.

Nota Keluaran:

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

Nota Keluaran:

Updated the indicator based on last week's performance.

Nota Keluaran:

Updated the indicator based on last week's performance.

Nota Keluaran:

Removed background color and slippage reduced to 3.

Nota Keluaran:

Updated based on bank nifty today's performance.

Nota Keluaran:

Updated the indicator based on bank nifty last week performance.

Nota Keluaran:

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

Nota Keluaran:

Updated the target and stop loss.

Nota Keluaran:

stop-loss Updated.

Nota Keluaran:

Updated symbol visibility.

Nota Keluaran:

Fyers syntax updated.

Nota Keluaran:

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

Nota Keluaran:

Updated the target and stop loss

Nota Keluaran:

Updated the target, stop loss, and entry logic.

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

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

Nota Keluaran:

Updated the KOTAK Security Syntax.

Nota Keluaran:

Updated product selection.

Nota Keluaran:

Reduced stop loss from 1% to 0.48%

Nota Keluaran:

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)