HMA-Bollinger Bands Day Trading System

Markets: NSE India

Instruments: IDFC, JSWSteel, JUBLFOOD, SBIN, Tatamotors

Charting software: Ninjatrader for Intraday and Amibroker for Daily

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

Time frames: 1869 sec., 933 sec., 456 sec., 321 sec.and 231 sec.

Indicator settings: HMA-26 (For Amibroker-26 and Square root-9) , Bollinger Bands–14, 0.26, MACD–12,26,9 & 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

For Short Bulls:

1. Price is clearly below HMA & Bollinger bands

2. MACD histogram is below zero line

3. RSI below 50

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. This is purely a discretionary trading system not an ATM or EA and is self-explanatory.

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