Double Bollinger Band Strategy :
Обновлено
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!
Заметка
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
Заметка
Today we got an entry at 12 15 for a 75 points gain.Заметка
Today 8th Nov 2021 and we got one setup with this strategy :Заметка
Заметка
10th Nov... we did not get the setup ... no entryЗаметка
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....Заметка
12th Nov, got one entry for a 99 points gain with RR 1:3Заметка
15th Nov... we did not get the setup ... no entryЗаметка
16th Nov... there is a strong support at 18050, Заметка
17th Nov, two entries, one with SL cost to cost and other one 50 points gain,Заметка
18th Nov... we did not get the setup ... no entryЗаметка
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
Заметка
Nifty Заметка
25th and 26th Nov... we did not get the setup ... no entryЗаметка
Заметка
5th to 8th AugЗаметка
Заметка
Заметка
16th Sep 2022Заметка
5 mins time frameЗаметка
5 mins time frame.. todays opportunitiesЗаметка
Заметка
21 sep 2022\\
\
Заметка
22 Sep 2022Заметка
23 Sep 202215 mins chart
Заметка
28 Sep 20225 mins chart
Заметка
29 Sep 20021 min chart
Заметка
Заметка
4 Oct 2022 5 mins chart
Заметка
6th Oct 2022Заметка
10 Oct 20225 mins chart
Заметка
11 Oct 2022Заметка
Заметка
12 Oct 2022Заметка
13 Oct 20225 mins chart
Заметка
14 Oct 2022Заметка
17 Oct 2022Заметка
18 Oct 2022Заметка
19 Oct 20225 mins chart
Заметка
20 and 21 Oct 20225 mins chart
Заметка
one more on sell sideЗаметка
25 Oct 2022Заметка
28 Oct 2022Заметка
31 Oct and 1 Nov 20225 mins chart
Заметка
2 Nov 20225 mins
Заметка
3 Nov 20225 mins chart
Заметка
7 Nov 2022Заметка
11 Nov 20225 mins chart
Заметка
14 Nov 2022Заметка
15 Nov 20225 mins bank nifty
Заметка
18 Nov 20225 mins chart
Заметка
07 Jul 202315 mins chart
Заметка
11 Jul 2023Заметка
12 Jul 2023
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.