Trend runner for BANK-NIFTY.

I have been a lurker on this forum for more than a few years. I have decided to give back to the community by sharing a trading method that has worked for me, finally, after 5 years of trying. I call it Trend Runner. Before I get into it I would like to first lay down some rules for this thread.


1 - I know the method is not perfect. No method is. If you have something to say about it, please make it constructive. Back up what you are saying.

2 - If you run into any issues or want to ask something, please include a chart pic and add notes. It just makes it easier to see what you are talking about.

3 Please do not ask me about Eas because I do not believe in them.

4 If you do not like the method, just leave. We are all here to learn not come down on each other.

5 Do not be shy to ask questions about the method, but please, do not fill the thread with simple questions that have been answered a million times all over the web. If you do not know what time your broker closes it's candle, figure out, how am I supposed to know.

6- If you are brand new to forex, please learn the basics. I will not answer the basics here.

7- I know that everyone has there own way of trading. I have no issue with you making this system your own, but before you start adding indicators, just try it out the way it is.

OK, now that we have that out of the way lets get started.

TREND RUNNER

Trading Type : Swing Trading

Goal : To catch mid term swings in the direction of the over all trend.

Time Frames : 30 min and above is recommended. I use 30 Min.

system look a like

This system is for metatrader4

Download Indicators and Template
xxx.4shared.c0m/rar/RxOfNT5J/Tb_online.html
change x to w
change 0 to o

EVERYONE PLEASE READ

OK, it seems that people are confused. I thought I explained it well but I guess not.

When to enter check list:

PRICE CLOSE ABOVE/BELOW 200 SMA?

YES - MOVE TO NEXT QUESTION

NO - STOP

PRICE CLOSE ABOVE/BELOW SUPERTREND? BLUE FOR LONG, RED FOR SHORT?

YES - MOVE TO NEXT QUESTION

NO - STOP

This seems to be the part that most who do not get it are confused with.

IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, PRICE MUST CLOSE AT LEAST 30 PIPS AWAY FROM THAT ESTABLISHED S&R.

IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, LESS THAT 30 PIPS AWAY, PRICE MUST BREAK AND CLOSE THAT ESTABLISHED S&R BY ANY AMOUNT.

Stop Adjustment:

ONCE PRICE MOVES 30 PIPS IN YOUR FAVOR, ANYTIME DURING OR AFTER INITIAL ENTRY CANDLE, MOVE STOP LOSS TO BE +3.

FOR EVERY 10 PIPS OF TOTAL MOVEMENT, NOT JUST CURRENT PRICE, MOVE BE +1.

MY INITIAL STOP IS 100 PIPS UNLESS THERE IS AN ESTABLISHED S&R THAT IS CLOSER THAN 100 PIPS.

YOUR STOP CAN BE WHAT EVER YOU WANT.

Closing trades:

IF PRICE CLOSES ACROSS SUPERTREND. DOES NOT MATTER ID SUPERTREND CHANGES COLOR OR NOT.

IF PRICE CLOSES ACROSS 200 SMA.

IF PRICE CLOSES ACROSS S&R IN OPPOSITE DIRECTION OF CURRENT TRADE.

That is all the basics. Every other nick knack question is answered throughout the thread. If you are not going to take the time it read all the answers people & myself graciously posted, that is on you.

But its really not that hard. The system is simple. Do not complicate it.

Now we will start with the basic method of entry. We will also get into advanced entry and exit methods a little later.

Long positions-

I enter long when -

1- price closes above ( IMPORTANT – PRICE MUST CLOSE ABOVE NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the 50 level of the 200 SMA

2- Super Trend is Blue
Short positions-

I enter short when -

1- price closes below ( IMPORTANT – PRICE MUST CLOSE BELOW NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the -50 level of the 200 SMA

2- Super Trend is Red

Stoploss-

I place a initial stoploss of 100 Points on BankNifty trades

Managing Trades-

Once a new support/resistance line is confirmed (usually within 3 candles), I move my SL to that line +/- 5 points.

Current TRADE for Shorting BANknifty

BANK NIFTY sl HIT @ 12715

Total 35 points profit

Hello Zuma

Good initiative. :thumb:

Everything laid out upfront, not like most of the others saying PM me for code or I am trying it and will share the system next months if all works out


Best wishes for your success

A small feedback, my view is that MA 200 is too big for using with 30 minutes time frame, maybe you should back-test with 100 or even smaller.

Cheers
::thumb::

EDIT:
when forex systems use MA period like 200 on 30 mins candles, it means 4&1/2 days of data is being used,
on NSE one typical week has 65 bars of 30 mins, as i want to use the current trend the MA can be 60-65.
But as always everyone should use what-ever works best for them

thank you ...

yes we will surely upgrade system ..if it need
one more thing using 100 sma give lots of false signals :thumb: