Niki5289

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.
Release Notes: Updated the hedging logic of the indicator for options trading.
Release Notes: Updated with strategy period selection.
Release Notes: Updated the basic settings of the indicator.
Release Notes: Change the default settings of the indicator.
Release Notes: Re-entry locations updated. This indicator is intended for Algo trading, so slippage is reduced to 3.
Release Notes: Updated entry positions based on the present market situations.
Release Notes: Updated with provision for hedging in future also.
Release Notes: Updated the hedging method and options syntax for monthly expiry.
Release Notes: Removed the scalping parameter. Updated the hedging entry position. Modified the re-entry positions.
Release Notes: Updated the syntax for Algo trading.
Release Notes: Updated hedging based on once per bar close.
Release Notes: Updated the long entry-exit conditions.
Release Notes: 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.
Release Notes: Updated the trade exit conditions.
Release Notes: Updated the hedging and entry logic. Simplified the interface, modified the target.
Release Notes: Updated the intraday timings and entry on 9.15 am
Release Notes: Updated the exit conditions.
Release Notes: Updated the entry on gap up/down conditions.
Release Notes: Updated the logic based on present market conditions.
Release Notes: Removed bar state confirmed(bsc) function to avoid chances for re-paint.
Release Notes: Updated the logic.
Release Notes: Updated the stop loss.
Release Notes: Reduce the stop loss to 1.1% and updated the basic settings.
Release Notes: 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.
Release Notes: Updated the display settings of the strategy.
Release Notes: Updated the target and stop loss.
Release Notes: Enable pyramiding and multiple entries.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Niki5289 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Author's instructions

Use the link given below or WhatsApp your Tradingview ID to get access to this indicator. +91 7057407740

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Warning: please read before requesting access.

Comments

hi sir please give me an access for your indicator
+11 Reply
Niki5289 KSRJEYAKUMAR
+3 Reply
Acbsnlbb1 Niki5289
@Niki5289, hi sir please give me an access for your indicator
+5 Reply
Access please
+5 Reply
Niki5289 shreestocktalk
+2 Reply
sir, can you please give an access to this script please...
+3 Reply
access please
+2 Reply
Niki5289 akakakakakak
+3 Reply
Access please
+1 Reply
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