Bollinger Band + RSI + ADX + MACD + Heikinashi — Strategy by TradeUsingPivots
By TradeUsingPivots
Performance Metrics
- Author: TradeUsingPivots
- Symbol: NSE:NIFTY1!
- Timeframe: 15 minutes
- Net P&L: +332,775.00 NONE (+332.78%)
- Win Rate: 47.4%
- Profit Factor: 1.628
- Max Drawdown: 27,018.75 NONE (19.44%)
- Total Trades: 487
- Sharpe Ratio: 0.683
Description
This script takes into picture Bollinger Bands, RSI with a comparator value, ADX with a comparator value, and MACD with Heikinashi DirectionTHIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDEDStrategy:The Strategy takes a trade only after ALL the following conditions are met.Candle low is lower than the Bollinger Lower bandRSI is higher than the comparator valueADX is higher than the comparator valueMACD value is higher than the Signal valueStop Loss: Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesserTarget: Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available