This indicator is made exclusively for Bank Nifty for intraday trading. It shows more profitability on the 5 minute chart. The intraday timing can be adjusted in the indicator settings. No chance to repaint. Strictly following the target and stop loss gives around 60% profitability. The background color represents the main trend and the color of the candle represents the short term trend. The re-entry position is represented by the long entry RE: LE and the short entry by RE: SE.Trend line can be enabled from the indicator settings to see the trend changes.
See the backtesting results
Contact us using the links provided below to get access to this indicator
See the backtesting results
Contact us using the links provided below to get access to this indicator
Release Notes:
Updated the script with linear regression line.
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Updated the bandwidth value in indicator settings.
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Updated the alarms with provision for algo trading.
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Updated the channel width.
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Updated with provision for avoid trading in gap up and gap down.
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Removed the gap up and gap down option.
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Updated with trendline.
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Updated the exit conditions & moving average value.
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The script has been updated with a trendline that acts as a support or resistance in the trendy market. This will help the position traders to stay with the trend to make more profit.
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Updated the long exit and short exit conditions in alarm settings.
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Removed autotrading option and Updated the stop loss.
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Updated the intraday timing.
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Updated with LE(Long entry), SE(Short Entry) alarm.
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Updated the intraday timings.
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Updated the alarm settings.
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Updated with weak signal for intraday trading.
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updated the IH and HM calculation method and algorithmic trading logic.
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Updated the intraday timings for algorithmic trading.
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Updated with provision for re entry, RE:LE for re entry for long position and RE:SE for re entry for short position.
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Updated the re entry positions.
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Updated with a condition for the 'risk parameter' in the indicator settings. If you enable risk, the number of trades and profits will be higher but the profit factor will be lower. If you disable the 'risk parameter' the number of trades and profits will be lower but your profit margin (risk reward ratio) will be higher.
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Entry points updated. The most reliable calls are the display with target and stoploss. Empty LE and SE indicate high risk, and some other factors must be considered before entry.
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Updated with an extra parameter 'risk'. If you select your profit will be high but profit factor will be less.
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Updated alarm settings. Now possible to trade on banknifty options by setting alarm for algo trading.
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Updated exit conditions for algo trading. It is modified in such way that if the candle low is above the target and candle close is near to target. Then algo will execute the exit signal.
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Updated re-entry labels.
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Updated the square off signal for intraday algo trading.
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Algo trading square off time error resolved.
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Update the target of re entry positions.
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Updated with a new alarm, which will allow traders to exit the intraday algorithm as soon as they reach their destination.
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Added quick exit alarm for options.
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An additional parameter has been added to the settings for Algo trading. Enabling scalping will have an accuracy of 90%, but the overall profit will be lower. By default, this is parameter is ON.
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The script updated with provision for Algo trading in bank nifty options.
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Updated with entry and exit candle indication. Now you can see the live profit on the graph.
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Updated the quick exit target and options trading alarm settings.
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Updated with an auto-updated linear regression line to identify the direction of the market.
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Updated with money management. If the first trade is already in loss the next entry signal will consider as an exit signal. The blue candle indicated an exit position and yellow indicates an entry position.
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Updated the exit conditions. The blue candle indicates the exit position.
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Updated exit conditions for a sell signal.
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Updated the P&L based on the latest entry signal.
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Updated the error in P&L calculation.
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Updated the P&L calculation logic.
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Updated the P&L position and indicator colors.
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The auto trading logic updated in such a way that, for long entry, it will consider the direction of the linear regression line and the candle close position should be less than the upper trend line.
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Updated with a new alert system and Money Management. Even free account holders can now auto trade on Bank Nifty futures and options. If any blue candles form before your target or stop losing as part of money management, traders should leave a position.
Release Notes:
Now you can do auto strike price Algo trading with nextlevelbot API provider without any syntax settings.
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Updated the alarm with quick exit and provision for option selling.
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Updated the nextlevebot syntax and long entry stop loss conditions.
Release Notes:
Updated nextlevelbot syntax for Algo trading.
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Updated provisions for option sell.
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Updated the auto strike price.
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Updated Alice blue trading symbols.
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Updated the broker details and syntax for Algo trading with the auto strike price.
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Updated with Auto Strike price adjustment specifically for PE and CE.
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Updated the UPSTOX syntax for next level bot Algo trading.
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Updated re-entry positions and given provision for product selection on indicator settings.
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Updated the parameter with index selection NIFTY or BANKNIFTY.
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Updated the risk parameter for re-entry positions.
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Updated the error in the risk parameter.
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Updated with provision for hedging in options trading and corrected the error in profit calculation.
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Hedging default settings updated. The main signal logic has been updated when buy and sell happen nearby.
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Updated the syntax of Alice blue broker for Algo trading.
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Updated the risk parameter.
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Updated the issues in the exit signal.
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Updated the conditions for risk parameter.
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Updated the syntax for Algo trading in Nextlevelbot.
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Updated with provision for auto trading in the future with nextlevelbot.
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Updated with the syntax for angel broker and change the OTM calculation for PE for options trading.
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Updated the exit conditions and Alice blue syntax.
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Updated the risk parameter settings. Given provision for trade on any risk positions.
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Updated with daily max profit and daily max loss parameter. This is useful for Robo trading with Indian brokers. If the daily trade reaches any of this limit, it will square off all the existing positions and will not execute further trade on the same day. This can enable by selecting a "Set daily limit" parameter.
Release Notes:
Updated the intraday square off time.
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Updated the hedging logic of the indicator for options trading.
Release Notes:
Updated the basic settings of the indicator.
Release Notes:
Change the default settings of the indicator.
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Re-entry locations updated.
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Updated entry positions based on the present market situations.
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Updated with the provision for hedging in futures trading as well.
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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.
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Updated hedging based on once per bar close.
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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.
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Updated the hedging quantity settings.
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Added intraday selection in settings.
Release Notes:
Updated the exit conditions.
Release Notes:
Updated the hedging and entry logic. Simplified the interface, modified the target.
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Updated the Nextlevebot syntax for Robo trading.
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Updated the intraday timings and entry on 9.15 am
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Updated the exit conditions.
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Updated the entry on gap up conditions.
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Updated the logic based on the present market conditions.
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Removed bar state confirmed(bsc) function to avoid chances for re-paint.
Release Notes:
Updated the logic. Removed the Hedging.
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Updated the stop loss and algo trading alerts.
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Updated the alerts.
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Updated the default settings of the indicator.
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Updated with daily max loss and profit interlock.
Release Notes:
Unintentionally, the Auto Strike price selection was removed from the last update. This is fixed, so please update your index.
Release Notes:
Restricted the number of lots per trade for Algo trading.
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Updated the indicator display settings.
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Updated the re-entry positions.
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Updated the long entry logic.
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Updated the bar color.
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Updated the entry positions.
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Updated the entry price.
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Update the indicator based on bank nifty last week's performance.
Release Notes:
Updated the indicator based on bank nifty last week's performance.
Release Notes:
Updated with today's market condition and added provision for Algo trading with Nextlevelbot and Algoji.
Release Notes:
Updated the indicator based on bank nifty last week performance.
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Updated the syntax for Upstox.
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Updated the logic.
Release Notes:
Updated the Upstox symbol.
Release Notes:
Logic updated.
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Updated the indicator based on bank nifty last month's performance.
Release Notes:
Updated the target and stop loss.
Release Notes:
stop-loss Updated.
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Updated the broker syntax.
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Fyers syntax updated.
Release Notes:
Updated based on bank nifty last month's performace.
Release Notes:
Updated the target, stop loss, and entry logic.
Release Notes:
Updated the indicator based on bank nifty last week's performance. (Modified exit and entry conditions)
Release Notes:
Updated based on bank nifty last week's performance.
Release Notes:
Updated based on bank nifty last week's performance. Added a moving average line which will act as support and resistance.
Release Notes:
Updated the average line and entry based on the moving average line.
Release Notes:
Updated based on bank nifty last week's performance.
Release Notes:
Updated the alert condition settings.
Release Notes:
Updated the indicator based on bank nifty last week's performance.
Release Notes:
Updated the strategy based on the last 6 months' performance. In the latest version, Anyone can do fully automated trading with any Indian Algo trading platform(Tradetron, Nextlevelbot, Algo baba, Algoji... etc)