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[ New Update ] Bank-Nifty Price Action Trading System. What’s New? How to Use It?

Price Action Trading Advantages

The benefit of this is that trading becomes very clear as there are no indicators creating clutter. You do not need to include so many technical indicators to make a buying or a selling decision. If you were to consider all the available indicators, then you will be so stressed in the end as you shall suffer from an ‘information overload’. A lot of people end up trading emotionally because they have wasted so much time thinking of other possibilities and get to a point where they just make any decision to move along. With price action, all you focus on are the candlestick charts and you will be able to see what is happening in the market.

Easy to understand signals

Price action signals are also very easy to understand. You do not need to be a professional trader with a lot of experience to understand the signals to make a good trading decision in the end. With price action, you are able to identify the trends in the market, which make it possible for you to trade with the market, rather than against it.

What’s New In BANKNIFTY PRICE ACTION TRADING SYSTEM – New Update ?

Added Colors to Buy & Sell Zones, Red Color for SELL Zone and Green Color for BUY Zone.

Whenever price enters into Green Zone and a 5 minute candle closes inside the Green Zone, it indicates a buy move and 2 Green Up Triangles will be plotted on the chart, referencing the Buy Signal as shown in illustration below.

Trade will be taken on the opening price of the candle on which the signal appeared.

Now, when the price goes to the next end of the green zone, which is also the target for the buy call generated, a small red down triangle will be plotted as a signal to exit from the buy position and book full profits as shown in the illustration below.

Same Rules are Applied for Sell Signal too.

Whenever price enters into Red Zone and a 5 minute candle closes inside the Red Zone, it indicates a sell move and 2 Red Down Triangles will be plotted on the chart, referencing the Sell Signal as shown in illustration below.

Trade will be taken on the opening price of the candle on which the signal appeared.

Now, when the price goes to the next end of the red zone, which is also the target for the sell call generated, a small green up triangle will be plotted as a signal to exit from the sell position and book full profits as shown in the illustration below.

Now, What Is EARLY EXIT Algorithm ?

Early Exit Algorithm will help you exit from wrong side position with up-to 70% of stop-loss savings.
Now the new possible target and stop loss ratio will be minimum approx 1:2 and up to 1:4.

Before this Early Exit Algorithm was implemented, we have to wait for the full stop loss generated by the strategy and previously stop loss was always equal to the target making is in a ratio of 1:1.

But with the implementation of this algorithm , we will now get the extreme profit to loss ratio of minimum 1(loss) : 2(profit) to 1(loss): 4(profit).

Early exits are indicated on chart as in green colored text if last active signals is of sell and red colored text if last active signal is of buy as shown in illustration below.

What Benefits This Update Will Give In Algo trading Setup?

The major benefit it has in algo trading setup is, Now this trading system is optimized for use with 5 minutes time frame, so additional trading view pro subscription is not required and user will save Approx Rs.1200 or $14.95 per month.

While making this Price Action trading System more affordable

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