Macd Bollinger Strategy

May 18, 2016 No Comments by

MACD : S12, S26, E9
Bollinger Band : 14/2
Time Frame : 30 min.

Today we will discuss strategy for nifty Traders. It will give good result in Nifty.
Add Bollinger band with above-mentioned parameters. Also, add MACD with above-mentioned parameters.
For Buy Call : MACD cross Zero line upward at that time Candle must be above upper band. One can go for buy with the high breakout of signal candle.

For Sell Call : MACD cross Zero line downward at that time candle must be below the lower band. One can go for sell with the low breakout of signal candle.

For Stop loss : In both scenario Signal candle high/low will be the stop loss.
For Target : There are three ways to book profit in this system.
1. Signal To signal Exit.
2. % Booking.
3. Signal Candle Range/2 add in entry price = Target. (Advisable Theory)

Some Thumb Rules to follow the system:

1. At the time of the signal, the candle must be at the higher band or at the lower band.
2. Do not consider the middle band.
3. Avoid signal after 3:15.
4. Sustain market till 9:30 in the morning.
5. Maintain strict stop loss.

Macd bollinger


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