Swing Trading

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Bollinger Band and Super Trend Strategy

As we all know by now that different technical indicators can be used in different combinations to establish a good swing strategy. In this section, we are listing a few of them which have proven to have a good track record on both backtesting and forward testing results. 

One such good strategy is by the use of RSI, Stochastics, Super trend, Bollinger Band and the ATR indicators. 

Indicator parameters shall be set to RSI (14), Stochastics (55,34,21), Supertrend (10,2), Bollinger Band (10,2), ATR (5)

Long Entry- (At the close of candle)

a) RSI should be above 50

b) Prices should be above Supertrend

c) Supertrend should be below mid-bollinger

d) Stochastics should be having %K line over %D line

e) Price low should be below Supertrend

f) Buy in the last two minutes of the day with a stop of 1.1 ATR and target of 2.2 ATR of the candle.

g) Colour of Supertrend does not change

Short Entry: (At the close of candle)

a) RSI should be below 50

b) Prices should be below Supertrend

c) Supertrend should be above mid-bollinger

d) Stochastics should be having %K below %D

e) Price high should be above supertrend

f) Short in last two minutes of the day with stop of 1.1 ATR and target of 2.2 ATR of the candle

g) Color of Supertrend does not change 

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Units 10/14