Algonize

BANKNIFTY - PRICE ACTION TRADING SYSTEM

This study is based on several Price Action parameters of :-
• Candle Pattern,
• Supply Demands,
Support and Resistance ,
• Breakouts.

► How To Use This Study ?
• Suitable Trade Session for this study 09:45 AM to 02:30 PM ( UTC +05:30)
• Buy Whenever a Green Up Triangle Appears on Chart.
• Sell Whenever a Red Down Triangle Appears on Chart.
• Exit Buy Whenever a tiny Down Triangle Appears After A Buy call and Exit Sell Whenever a tiny up Arrow Appears After A Sell Call.
• Take Only 1 trade Per Trading Session.

Test Yourself and give feedback.

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Release Notes: Updated Alerts Conditions to avoid multiple alerts when Long or Short Condition is matched. Now alerts will be only generated when the condition is confirmed on last candle and confirmed alert will be fired on next candle , so no multiple alerts will be fired.

Two Green Up Triangle Means Long Entry and entry price is now the opening of the candle on which signal appears.
Small Down red triangle means Long Exit, exit point is immediately when signal first appear on chart.

Two Red Down Triangle Means Short Entry and entry price is now the opening of the candle on which signal appears.
Small Up Green triangle means Short Exit, exit point is immediately when signal first appear on chart.
Release Notes: Adjusted Few More Parameters for Better Matching Of Price Action Conditions.
Release Notes: Added stoploss level on screen for manual traders.
Release Notes: Parameters Optimized For Better Performance.
Release Notes: What's New ?
• Added Colors to Buy & Sell Zones, Red Color for SELL Zones and Green Color for BUY Zones.
• Added New EARLY EXIT Algorithm.
• Early Exit Algorithm will help you exit from wrong side position with up-to 70% of stop-loss savings.
• Now the new possible target and sl ratio will be minimum approx 1:2 and upto 1:4.
• Improved Compatibility for algo trading bridges with advanced and refined alert system.
Release Notes: New Update -> 25-05-2020 :
• Added Controlled Entry Algorithm (CEA), This will filter out 70% of false breakout calls.
• Adjusted Entry and exit parameters , Now there will be up-to 70% less "NO CALL" days.
• Entry time modified to 9:20 AM and Entry end time remained unchanged (14:30 PM).
Release Notes: Temporary Disabled Breakout Price Action Algorithm.
Activated Candle Sticks Price Action Trading Algorithm.
Release Notes: Added Alerts For Target Hit or Profit Booking By Algo Trading System.
Added Alerts For SL Hit or Loss Booking By Algo Trading System.
Release Notes: Algorithm Optimized.
Release Notes: Algorithm Optimized
Release Notes: • Optimized for Early Entry
• Fixed Target & SL
• Buy/Sell/Target/SL Values are made Visible on Chart
• Editable Target & Stop-loss Option Added
• Option Added to Show Hide Buy/Sell/Target/SL from Chart
• Trade Session Time Changed to 10:17 AM to 02:30 PM
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 Algonize for more information, or follow the author's instructions below.

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Comments

Good morning can you please give the access for study purpose
Regards
100 coins
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Sir can you give me access
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Algonize rajsuman838
@rajsuman838, hi, this script has algorythms only developed for algo trading and manually tou will not find it usefull as you will not be able to determine what is going on the chart, for more info head on to algonize.com
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hai sir
i would like to know that it works on algo
if it works on algo how can we get it
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Algonize venkatasivaram
@venkatasivaram, Hi, for algo details, head on to algonize.com
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Algonize venkatasivaram
@venkatasivaram, hi please visit algonize.com
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Sir can you give me trial access
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