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

Indicators used: Heiken Ashi, Hull Moving Average (HMA), Bollinger Bands, MACD & RSI and Murrey Math or Pivot Points

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.

Entry Strategy:

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

Exit Strategy:

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)

Metatrader: Metatrader (MT4)

Amibroker: Amibroker

Reference Charts:


EURUSD MT4 060712


EURUSD NT7 060712

German Dax 30 Index – MT4

Dax 30 Index 060712

FDAX Futures – NT7

FDAX Futures Index NT7 060712

SP 500 Index (MT4)

SP 500 Index 060712

ES Futures (NT7)

ES Futures Index NT7 060712

Euro Bund Futures FGBL – NT7

FGBL Futures NT7 060712

Healthy And Wealthy Trading

  1. Srinivasa Desikan
    October 31, 2015 at 03:41

    Dear suresh,
    Thanks for your video usinh heiken Ashi, HMA and BB. I trade commodities using Sharekhan Trade Tiger. I can get both Heiken ashi and BB (14, ).26) indicators, but not HMA. Can I use instead a SMA, EMA or WMA.
    Please help.

    • October 31, 2015 at 06:19

      Dear Mr. Srinivasa,

      You can very well try with WMA.


  2. nancy sudan
    June 5, 2015 at 07:50

    sir as u said not all software have this HMA and boll, can u pls suggest which software will have these indicators

  3. arne
    June 11, 2014 at 08:48

    Hello Suresh you know that I follow you a long time. I trade at the FGBL and I think that the best for scalpers is the 231 seconds for trading and the 456 seconds for the main trend. I do in 5 hours about 5 trades a day. The bollinger at the 231 seconds I have change in 10-0.19 the rest is the same and I trade on murrey levels.It works great thank you

    • June 11, 2014 at 09:51

      Hi Arne,

      I will never forget you Arne. I am extremely happy to read your feedback and am sure you will do well. I will try to meet you in the skype as before and share with you some more information. 🙂

      Have a pleasant day and take care.

      Babu, Suresh

    • Jack
      June 28, 2014 at 08:01

      Hello Arne and Suresh,.The 231 sec for scalp is that also good voor the FDAX?

      • June 28, 2014 at 09:13

        Hi Jack,

        For FDAX even though 236 sec. will work, I would recommend 456, 933 sec. with fixed exit target. Observe for few days and see which one suits you.

        Pleasant weekend.

        Babu, Suresh

      • arne
        June 28, 2014 at 11:23

        hello i think Suresh is right for me the most important is the 456 sec that is the trend and i do the trades at the 231 with the trend from the 456 I think on the fdax you can get easy 20 points with a trade when both are good .A tip use murrey levels at the 231 en 456 for entry and exit works great.

      • Jack
        June 29, 2014 at 06:34

        Hello Suresh and Arne,
        Both many thanks for your replay.
        Are you both using Ninjatrader?
        Arne you trade the Bund i think.
        Is it possible to discuss thinks on skype?

        Kind Regards Jack

      • June 29, 2014 at 08:00

        Hi Jack,

        How are you? Read your mail, could not reply immediately.

        I use Ninjatrader for charting purpose only and I trade only Indian market; I don’t trade Bund or Fdax.

        Take care and have a pleasant weekend. 🙂

        Babu, Suresh

      • arne
        June 29, 2014 at 09:28

        Hello Jack, I am a daytrader at the bund ( FGBL ).I only trade bund about 3/4 trades a day from 08.00-14.00 german time. mostly nothing for 09.00. I use sierra charts because I used it already for many years and works well. My skype is metalernie666.
        Greetings Arne

  4. Daniel
    April 30, 2014 at 19:10

    The problem we have here is that we have price, indicators and 2 charts with different time frames. And we have entry rules stated above about how to enter on one time frame only. We also have some exit rules to choose from. But we don’t know if both entry/exit rules have to be on both charts at the same time in order to enter a position or exit a position.

    So, as S. above suggests, we have to think that price has to be above the HMA and Bollinger Bands on both time frames in order to take a position as it has not been suggested otherwise.

    Spending 2-3 weeks observing the charts and not knowing what we are looking for would not be any help.

    Perhaps just trading on one time frame is the answer?

    • May 1, 2014 at 03:51

      Hi Daniel,

      # Perhaps just trading on one time frame is the answer?
      If you are a scalper, yes, trading with one time frame would suffice.


  5. S
    April 25, 2014 at 21:18

    Still really hard to me to mix the 2 charts and find a good entry points … Exit strategy is quite cleat now but the entry is still the problem …
    Another point … why 1869s and 456s charts are good values ? Are there any explanations of that ? KR, S. (Note : good work for your video)

    • April 28, 2014 at 12:45

      Hi S,

      # Still really hard to me to mix the 2 charts and find a good entry points
      Hope today’s video would throw some light on your predicament.

      # Another point … why 1869s and 456s charts are good values ? Are there any explanations of that ?
      It can be of any time frame; this combination of 456 and 1869 I chose since I felt I was comfortable with them.

      Nice day.

  6. Daniel
    April 23, 2014 at 19:25

    I can wait to see your next video that explains your exits. I think you mentioned this in your latest video!

    • April 24, 2014 at 10:41

      Hi Daniel,

      Thanks for your messages. I wish to go step by step in my video demonstration about HMA-Bollinger Bands MDTS.

      I would request you to please just observe the charts with the HMA-BB set up for at least 3 weeks to get some understanding of the system.

      I will keep in touch.


  7. Daniel
    April 23, 2014 at 18:06

    I’m having a hard time as to when to enter, whether it be by the bigger time frame or not. If entering with the bigger time frame then what is the smaller time frame for?

  8. S
    April 22, 2014 at 10:24

    Just had a look at your videos. The idea is quite good but it’s really hard to understand the goal of this analysis. Concretely could you give example of when starting a position after analysing the trend and on which condition it should be closed ? Kr, S.

    • April 22, 2014 at 11:17

      Hi S,

      ### on which condition it should be closed ?
      Thanks for your message. You know the answer better. 🙂

      The goal is set by us, the traders, not by the system; whatever system, however powerful it may be. This is entirely my principle and I very much strictly follow it. Perhaps that’s one of the reasons I am still surviving in the market. In short, the exit from a position is decided by me not by my system. However, there are three ways you can plan your exit: a) When the price starts moving inside the HMA; b) When the price moves out of HMA-BB, in the opposite direction to the position you are holding; and c) Target fixed by you, after taking break-even into consideration.

      I don’t know what instrument you are following, however, if you are watching FDAX, today there was a clear long entry between 9475-9485. I had mentioned in my video also, “Quote – There is still no proper clarity so far as down move is concerned, although FDAX is quite weak.”. The first exit was at, 9510-9520; the second, if you decide to run the position – based on higher time frame – the exit was at 9555. If you watch the video again, it will make sense to you of what I am talking about.

      If you need any further clarifications, please let me know.


      • S
        April 23, 2014 at 14:15

        Thank you for your answer.
        I also follow FDAX.

        You took for example 2 charts 1869sec and 456sec.

        If I’m right, 1869sec is used to check the main trend, and 456sec to enter the position and exit according to the 1869s trend ?

        So when the HeikenAshi candles are between HMA and BOLL in 1869sec chart, you do not enter any trade on 456sec and wait for the candles to be clearly on the same side of both HMA,BOLL ?

        Regards, S.

      • April 23, 2014 at 15:41

        Hi S,

        I would sincerely request you to spend some time, at least 2 to 3 weeks observing the charts with the set up. I am sure you would come out with more and better results and methods. The more I reply the less it will be useful to you and will end up your getting confused. Wherever necessary I will guide you fully.

        I hope you understand what i am trying to convey.


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