Bollinger Bands based Startegy Guide

Bollinderbased Strategy

Bollinger Band Strategy

Now with the concepts covered, let us create our first Strategy on Tradetron

We will be using one technical indicator (Bollinger bands). You can read about what are bollinger bands here

bollinger

Our custom list of instruments

The candle size we use in this strategy is of 15 minutes

candles

Entry:

Set 1 [Long Side]: Buy 100 shares when

  • Previous to previous candle is Green
  • Previous to previous candle Close higher than upper bollinger band
  • Previous to previous candle Open higher than upper bollinger band
  • Previous candle is a Green candle
  • previou candle Open is higher than upper bollinger band

At any given time, we can grab the previous to previous candle by position -2 and previous candle by position -1.

entry01

entry02

All the above conditions are connected with each other by a Logical AND as we want all of them to be true before taking a position.

Position

Buy/Long 100 shares when the conditions are true

List of Instruments

  • FEDRALBANK(NSE)
  • TITAN(NSE)
  • SBIN(NSE)
  • ORIENTBANK(NSE)
  • UNIONBANK(NSE)
  • ALBK(NSE)
  • POWERGRID(NSE)
  • RELIANCE(NSE)
  • AXISBANK(NSE)
  • HINDUUNILVR(NSE)
  • TATAMOTORS(NSE)

 

list01

 

When you select your custom list, the position builder automatically picks it up.

Mention the quantity as 100 and click the ADD

positionbuilder01

Exit

The entered position will be exited, when either:

  • Previous candle close goes below upper bollinger band
  • OR Hit a stop-loss of 10%
  • OR Hit a Target profit of 10%

 

exit01

All that is left to do is click Create and click Deploy, Select Paper Trading and you are done

Deploy 1

 

deploy02

 

Deploy03

 

For any queries, please write to us at support@tradetron.tech