HMA-Bollinger Bands Day Trading System

Trading Systems Free Forex Trading Systems
1

Its a very long time since I had contributed anything in this august forum. I was not well for some time and have started trading again since last May. I trade only Indian stocks.

To begin with, I wish to convey my belated highly Healthy And Wealthy New Year to all of you.

In a quest to improve my trading, in conjunction with my trading style, strategy and my trading temperament, since last couple of months I have been working with a system which I wish to share with you all. The results are quite satisfactory. Just a reminder, I follow only discretionary trading system.

My new system as follows:

Market: NSE India

Instruments: IDFC, JSW Steel, SBIN, Tatamotors and USDINR

Charting software: Ninjatrader

Indicators used: HMA, Bollinger Bands, MACD, TRIX & RSI and Pivot Points

Time frames: 933 sec., 456 sec., 321 sec.and 231 sec.

Indicator settings: HMA-26, Bollinger Bands–14, 0.26, MACD–12,26,9, TRIX-15 & RSI–14,6

Entry Methods:

For Long Bulls:

  1. Price is clearly above HMA & Bollinger bands
  2. MACD histogram is above zero line
  3. RSI above 50
  4. TRIX above Signal line

For Short Bulls:

  1. Price is clearly below HMA & Bollinger bands
  2. MACD histogram is below zero line
  3. RSI below 50
  4. TRIX below Signal line

I use RSI & MACD to study, as always, the strengths and weaknesses of the price movement. Despite my having used, on & off, HMA and Bollinger bands since 2008, I never realized the full potential of them until recent past and since then, I have been able to improve my trading. The system is self-explanatory and if you need further clarification, I would love to guide you through.

Healthy And Wealthy Trading

Nifty F_100212.jpg700×362 51.9 KB

JSW Steel1_100212.jpg700×361 47.5 KB

2

A great contribution, thanks once more sureba67!!!

3

Hello again sureba67, could you please upload your indicators and templates, i am personally using mt4.

4

Hello Dab,

Thanks for your messages.

I have clearly shown in my youtube video how to set up this system in MT4. Please visit youtube.com/sureba67.

Nice day.

5

Dear sureba67,

can i know what HMA stands for please? thanks.

6

Hi, I use a system similar to yours but now I have just added TRIX.

But I SELL when price is above top Bollinger Band and when RSI is over 75, MACD is turning down and STOCH is over 75

I BUY when Price is below bottom Bollinger Band, when RSI is below 20, MACD is turning up and STOCH is below 20

I work on a 15 minute chart but refer to 30 min and 1 hour for general trend. I trade currencies: EUR/ USDollar and GBP/ US$

I would be interested to know how you work & use the indicators especially what trigger to you wait for to BUY or SELL?

Best

Tony

7

HMA stands for HULL MOVING AVERAGE.

8

Hello Tony,

Delighted to see some responses trickling in after posting my system - HMA-Bollinger Bands Day Trading System in Feb. :slight_smile:

First of all, I don’t trade forex or other markets, I trade only Indian markets but have been following GBPUSD, GBPJPY and EURUSD since 2008. Now since beginning of this year, I have been following only EURUSD and FDAX more closely.

Now, since my last post, I have made some changes in my system, notably I removed TRIX since I felt and realized too many indicators create too much of conflict and add more strain on my eyes. Now my eyes are happy and am able to pick my trades with ease. :slight_smile:

I have attached 6E -EURUSD Futures image with areas marked with potential trades for your reference.

How I trade:

I have already described in my first post how I trade with my rules. Further, whenever there is any sudden move in the price, I wait for the price to stabilize and then go for the respective trades. I always trade with fixed target; never use trailing stop loss.

Same as you, I use 456 sec. chart to pick my entry and refer 933, 1869 sec. charts for direction.

I think this will suffice at this moment and I don’t want to add more that may end up confusing you. :slight_smile:

Healthy And Wealthy Trading

6E EURUSD US 240712.jpg700×365 42.9 KB

9

Hello sureba67, i have downloaded ninjatrader instead, and i successfully placed the indicators.

10

Hello Dab,

Glad to hear that. Hope my videos were of some use to you. :slight_smile:

11

Hello sureba67,

Indeed you videos were quite helpful!!