INVITE-ONLY SCRIPT
NIKI MSS BANKNIFTY
Updated
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.
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 amRelease 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.Release Notes
Updated the re-entry positions.Release Notes
Updated the long entry logic.Release Notes
Updated bar color.Release Notes
Updated the entry positions.Release Notes
Updated the entry price.Release Notes
Update the indicator based on bank nifty last week's performance.Release Notes
Updated the indicator based on last week's performance.Release Notes
Updated the indicator based on last week's performance.Release Notes
Removed background color and slippage reduced to 3.Release Notes
Updated based on bank nifty today's performance.Release Notes
Updated the indicator based on bank nifty last week performance.Release Notes
Updated the indicator-based bank nifty last month's performance.Release Notes
Updated the target and stop loss.Release Notes
stop-loss Updated.Release Notes
Updated symbol visibility.Release Notes
Fyers syntax updated.Release Notes
Updated the logic-based bank nifty last week's performance.Release Notes
Updated the target and stop lossRelease 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 the logic 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 the indicator based on Banknifty last week's performance. Enable option for low-risk trade.Release Notes
Updated the indicator based on Banknifty last week's performance.Release Notes
Updated the bank nifty indicator based on bank nifty last two months' performance. Release Notes
Updated the KOTAK Security Syntax.Release Notes
Updated product selection.Release Notes
Reduced stop loss from 1% to 0.48%Release Notes
Updated the strategy based on the last 6 months' performance. In latest version Anyone can do fully automated trading with any Indian Algo trading platform(Tradetron, Nextlevelbot, Algo baba, Algoji... etc)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.
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Author's instructions
″Use the link given below to get access to this indicator.
https://www.nikitrader.com/
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Warning: please read before requesting access.
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