HMA-Bollinger Bands | Manual Day Trading System
HMA-Bollinger Bands Day Trading System is purely a discretionary or manual trading system, not an Automated trading strategy or EA and is mostly self-explanatory. Blends nicely with almost all sort of markets – equities, derivatives, forex etc. The system is a combination of Price Action, Momentum and Trend. Helps making trading decisions with ease, with less stress and strain. Ideal for scalping, day trading and positional trading. Can be used in all known chart types – Bar, Candle, Tick, Volume, Range, Renko.
Known disadvantages: 1. Not all charting software will allow Standard Deviation of Bollinger Bands to be configured below 1 (i.e. in decimals); 2. Not all charting software will have Hull Moving Average (HMA) and Heiken Ashi.
Instruments in focus: EURUSD, German Dax 30 Index, FDAX Futures, Euro Bund Futures-FGBL, S&P 500 Index, ES Futures
Charting software: Ninjatrader (NT7) and MT4
Indicator settings: HMA-26 (For Amibroker-26 and Sq. Root-9), Bollinger Bands–14, 0.26, MACD–12,26,9 & RSI–14, 9. Choose any combination of numbers that suit your trading style and trading method.
For Long Bulls:
1. Price clearly above HMA & Bollinger bands
2. MACD histogram above zero line
3. RSI above 50
For Short Bulls:
1. Price clearly below HMA & Bollinger bands
2. MACD histogram below zero line
3. RSI below 50
Either fixed target or exit at the end of the trend
Important Note: I mainly trade Indian Stocks, do not trade forex or other markets.
Training Videos to set up HMA-Bollinger Bands Day Trading System:
Ninjatrader: Ninjatrader (NT7)
EURUSD – MT4
EURUSD – NT7
German Dax 30 Index – MT4
FDAX Futures – NT7
SP 500 Index (MT4)
ES Futures (NT7)
Euro Bund Futures FGBL – NT7
Healthy And Wealthy Trading
- The Ultimate Day Trading System From Rockwell Trading (hmabollingerbands.wordpress.com)