BollingerBands

[columbus]

Columbus,



From your charts, I guess you are using sharekhan's TT. In this case you can use the 3 or 5 day chart for backfilling and you will get the BB right from the first tick for any time frame. Jus try it out..

Hi BloodMoney,

Thanks for your TIP.

There are 2 other ways to achieve for early BB.

1.Instead of BB-20 ,use BB-9 in the initial stages.
or
2.Sticking to BB20, use timeframe=1min instead of 3 min.

 

[kainiteh]

Then I would suggest you to try iCharts. There you can have three days charts, so that, you can view BBs from the first ( 10AM) candle itself.
This is the position upto June 2009. I am not sure of present status. Please check up before you jump. You can register yourself there for free.

BTW, the service is a bit costly. Rs. 650/- per month for F&O and cash charts.

cheers.

Investbulls too providing same features,
data of last three days!

they are charging around 350 rupees for
one month subscription for cash and Future!
only difference is IB symbol /scrips & Future are limited

still it is enough for nifty and minifty!
so only preferred i have that!

 

[bandlab2]

Rules For Going Long Or Short Is As Follows:

LONG ENTRY, EXIT & S/L:

Entry On Immediate Completion Of Green Candle After A Lower BB Piercing Candle.

Exit- I: Immediately On Upper BB Piercing
Exit-II: On Completion Of Two Consecutive Red Candle.
S/L: Completion Of Two Consecutive Red Candle
S/L Immediately After Entry: Low Of BB Piercing Candle

SHORT ENTRY, EXIT & S/L:

Entry On Immediate Completion Of Red Candle After Upper BB Candle Piercing Candle.

EXIT-I: Immediately On Lower BB Piercing
EXIT-II: On Completion Of Two Consecutive Green Candle
S/L: Completion Of Two Consecutive Green Candle.
S/L Immediately After Entry: High Of BB Piercing Candle

Happy & Safer Trading

SavantGarde

can someone please explain this with an example and chart ? whats exit 1, exit 2 ? which ever comes first ? whats diff between the 2 sl ? pl explain with a chart for long and short. thanks

 

[SavantGarde]

'EXIT' Is Referred When The Trade Results In Profit
'SL' Is Referred When The Trade Results In Loss

SavantGarde

can someone please explain this with an example and chart ? whats exit 1, exit 2 ? which ever comes first ? whats diff between the 2 sl ? pl explain with a chart for long and short. thanks

 

[columbus]

can someone please explain this with an example and chart ? whats exit 1, exit 2 ? which ever comes first ? whats diff between the 2 sl ? pl explain with a chart for long and short. thanks

I hope Savant means this.Loose example and chart for LONG.

 

[shripadk]

I hope Savant means this.Loose example and chart for LONG.]
Hi Columbus
After Entry 1 next bar breaks the low so what should be SL after Entry 1
Regaeds
shripad

 

[columbus]

I hope Savant means this.Loose example and chart for LONG.]
Hi Columbus
After Entry 1 next bar breaks the low so what should be SL after Entry 1
Regaeds
shripad

In the initial stages ,I stick to Standard stoploss of 14 points.
So if my entry is at 5060, my stoploss would be 5046.
I do not know if the strategy is OK.

 

[IAtma]

hmm......
thanks for honest quot.
btw..... no distance from a certain point is valid....
atleast for index.

In the initial stages ,I stick to Standard stoploss of 14 points.
So if my entry is at 5060, my stoploss would be 5046.
I do not know if the strategy is OK.

 

[bandlab2]

thanks columbus for the explanation, but still i am confused. i only understood entry 1 and exit1 as per yr chart. as per savant, sl would have hit the next candle after entry (i understood yr 14 point rule). whats exit 1 and 2 ? do we exit 50% on exit1 and remaining on 2 ? sl should never come after exit. sl immedietely after entry is the initail sl. clear. whats next sl ? u mean trailing sl ? if thats the case 12:45 candle would have been sl as it closes below 2 consequitive red bars

 

[bandlab2]

'EXIT' Is Referred When The Trade Results In Profit
'SL' Is Referred When The Trade Results In Loss

SavantGarde

sir i know that, how can sl come after exit ?