Double Bollinger Band Strategy :
Atualizado
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!
Nota
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
Nota
Today we got an entry at 12 15 for a 75 points gain.Nota
Today 8th Nov 2021 and we got one setup with this strategy :Nota
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10th Nov... we did not get the setup ... no entryNota
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....Nota
12th Nov, got one entry for a 99 points gain with RR 1:3Nota
15th Nov... we did not get the setup ... no entryNota
16th Nov... there is a strong support at 18050, Nota
17th Nov, two entries, one with SL cost to cost and other one 50 points gain,Nota
18th Nov... we did not get the setup ... no entryNota
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
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Nifty Nota
25th and 26th Nov... we did not get the setup ... no entryNota
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5th to 8th AugNota
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16th Sep 2022Nota
5 mins time frameNota
5 mins time frame.. todays opportunitiesNota
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21 sep 2022\\
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22 Sep 2022Nota
23 Sep 202215 mins chart
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28 Sep 20225 mins chart
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29 Sep 20021 min chart
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4 Oct 2022 5 mins chart
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6th Oct 2022Nota
10 Oct 20225 mins chart
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11 Oct 2022Nota
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12 Oct 2022Nota
13 Oct 20225 mins chart
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14 Oct 2022Nota
17 Oct 2022Nota
18 Oct 2022Nota
19 Oct 20225 mins chart
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20 and 21 Oct 20225 mins chart
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one more on sell sideNota
25 Oct 2022Nota
28 Oct 2022Nota
31 Oct and 1 Nov 20225 mins chart
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2 Nov 20225 mins
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3 Nov 20225 mins chart
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7 Nov 2022Nota
11 Nov 20225 mins chart
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14 Nov 2022Nota
15 Nov 20225 mins bank nifty
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18 Nov 20225 mins chart
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07 Jul 202315 mins chart
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11 Jul 2023Nota
12 Jul 2023
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