Double Bollinger Bands Strategy_investalot by suniltsnl
By suniltsnl
Performance Metrics
- Author: suniltsnl
- Symbol: NSE:ADANIPORTS
- Timeframe: 1 week
- Net P&L: +212.20 INR (+2.19%)
- Win Rate: 29.2%
- Profit Factor: 1.31
- Max Drawdown: 657.60 INR (6.53%)
- Total Trades: 72
Description
Dual Bollinger Band Swing Trading System Indicator Setup• Bollinger Band 1: Period 20, Deviation 2• Bollinger Band 2: Period 20, Deviation 0.7• Timeframe: Daily (Primary)• Markets: NSE Equity – Liquid Large & Mid CapsMarket Conditions• 20 SMA must slope upward for long trades • Price must hold above 200 DMA• Avoid flat or sideways marketsBuy Setup – Trend Continuation1. Strong impulse move into upper BB (20,2)2. Pullback into zone between BB (20,0.7) and 20 SMA 3. Bullish candle confirmation inside value zoneEntry Rules• Buy above bullish confirmation candle high• Volume should be at least average or higherStop Loss Rules• Initial SL below 20 SMA• Aggressive SL below BB (20,0.7) lowerTargets & Exit• Target 1: Upper BB (20,0.7)• Target 2: Upper BB (20,2)• Trail SL to 20 SMA once price enters momentum zoneRisk Management• Risk per trade: 0.5% – 1% of capital• Maximum 3 open swing trades at a timeTrade Avoidance Rules• Avoid earnings weeks• Avoid low volume stocks• Avoid trades when price remains inside BB (20,0.7)