NIKI MS AL

This indicator is designed specifically for algorithmic trading. This is an updated version of our previous indicator Niki MS 1.2. It is more suited to scalping and intraday trading. It shows more profit on the 5 minute chart. From the indicator setting we can display the target and stop loss. Algorithm trading can be done by setting an alarm. The alarm LE represents long entry and the LX long entry exit. SE represents short entry and SX represents shrot entry exit. It is suitable for any type of stock. There is provision in the settings to maintain the risk reward ratio. The configuration window also contains a condition for setting intraday-timing. The indicator will display the alarm only for the selected time period.


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Release Notes:

Updated the target and stoploss in settings.

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Updated the algo trading parameters and add trailing stop loss.

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Updated the algorithmic trading logic.

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Updated the signal logic.

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Updated with linear regression line.

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Updated alarm settings.

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Updated the alarm settings.

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Updated the signal logic.

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Updated the Display with Target and Stop Loss provision for each trend change.

Release Notes:

Updated the target and stoploss.

Release Notes:

Updated the algo trading logic.

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Algo trading option provided in the indicator settings to avoid repainting issue.

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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. Algo parameters need to enable for algorithmic trading.

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Updated the exit conditions for long entry and short entry on alarm settings.(For algo trading)

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Removed algo trading options.

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Updated alarm settings LE (Long Entry), SE( Short Entry).

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Updated the alarm and algorithmic trading logic.

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Updated the trendline.

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Updated algorithmic trading logic.

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Updated the re-entry positions.

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Updated alarm settings.

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Updated with risk parameter.If you choose risk your profit will be high but the profit factor will be low.You can make a small profit without risk, but your profit margin will be high.

Release Notes:

Updated the algorithmic trading logic.

Release Notes:

Updated the algorithmic trading logic. Two extra parameter added in settings which is helpful for risk(high profit low profit factor) trading.

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Update the intraday timings for algo trading.

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Updated the algo trading logic. It will help to reduce the loss in sideways market.

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Algo trading square off time error resolved.

Release Notes:

Updated the algo logic.

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Parameter updated with linear regression period.

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Updated the linear regression period interlocks for Algo trading.

Release Notes:

Updated the Algo trading logic.

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Updated with a new alarm, which will allow traders to exit the intraday algorithm as soon as they reach their target.

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Added quick exit alarm for options.

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Updated the algo trading logic. Linear regression line conditions also will be considered during Algo trading.

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Updated the logic.

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Updated with a new alert system and Money Management. Even free account holders can now do auto trade.

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Updated the Algo trading parameter.

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Updated the syntax for Algo trading with Nextlevelbot API bridge.

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Updated the error in p&l.