BBand TSL or Bollinger Band based Trailing stop loss trading is once again a mechnaical trend trading system for lower timeframes inspired from mql4 (metatrader). The trailing stoploss method is completly built using bollinger bands and completely fits for stop and reverse strategy.
Indications
1)The green line indicates trailing stop for longs
2)The Red line indicates trailing stop for shorts
3)The Green Arrow indicates longs
4)The Red Arrow indicates shorts
[DLF Futures 10min charts]
Features
1)Trailing Stoploss Lines
2)Buy/Sell Signal Added
3)Magnified Market Price at the right top corner
4)Timeleft counter to idenfity the end of the candle
5)Non Repainting – Arrows will form only after the end of the candle. No arrows will disappear once the signal formed.
Recommended Timeframes
5min/10min,15min. Dont try with higher timeframes as increase in timeframe will increase the risk in this particular trading strategy. And moreover it is a carryforward strategy and not a perfect intraday strategy though. But work pretty good in high volatile environment.
Steps to Install
1)Download BBand TSL Trading System for Amibroker
2)Unzip BBand TSL Trading System to local folder
3)Copy Bollinger-Band-Trailing-Stop-Loss-Trading-System.afl file to \program files\amibroker\formula\basic folder
5)Open Amibroker and Open a New Blank Chart
6)Goto Charts->Basic Charts and apply/drag-and-drop the BBand TSL Trading System code into the blank chart
7)Bingo you are done. Now you will be able to see the BBand TSL Trading System indicator with Buy and Sell signals.
Compatibility
Amibroker 5.5 and above
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Deepak says
June 27, 2014 at 8:13 amHi Rajandran,
Do we have back tested results for this, how have you found them, if you could please share.
Thanks for your efforts.
Rajandran R says
June 27, 2014 at 12:58 pmYes we do have will share the reports shortly.
Ravi Shanker Reddy Kourla says
June 27, 2014 at 1:50 pmHi Rajendra,
I am not able to do the backtest with the given AFL code. If possible can u please do the needful changes to AFL to do the back testing.
Thanks
Ravi
Rajandran R says
June 27, 2014 at 3:09 pmHi,
Try adding the following code to the top of afl if you wanna test with 100 shares every time. Very the numbers and make sure you understand the backtesting with futures correctly.
setpositionsize(100,spsshares);
ajay says
June 30, 2014 at 1:12 pmsir i have amibroker 5.2. can u help by providing it for older version.
Rajandran R says
June 30, 2014 at 4:43 pmHi Ajay,
Most of the Graphics functions are not supported by 5.2 and it is quite meanigless to implement this indicator without dashboard. If you want to build the indicates remove all the codes below the plotshapes function. That makes the indicator to work but not the dashboard functions and timeleft features.
Nehal Suthar says
July 7, 2014 at 2:21 pmhi rajandran, i don’t understand why my comments are not accepted by you but this is for the third time i’m asking you the same question. on your eod signals page, hourly chart shows “intra trend afl code”. so, can you please tell me is it different than “super trend afl”? thanks!
Rajandran R says
July 8, 2014 at 2:12 pmYes it is different from supertrend afl code and code is proprietery of marketcalls.
Nehal Suthar says
July 9, 2014 at 10:53 amfine, thanks. is it possible for you to share it with us?
Rajandran R says
July 9, 2014 at 12:25 pmIts proprietary of Marketcalls not for public download
VISHNU DUTT KAUSHIK says
July 7, 2014 at 9:23 pmDear Sir,
Whenever you done new post for AFLs then please notify me by email given above
Ganesh says
July 24, 2014 at 2:56 pmCan this afl be used as auto robo
Rajandran R says
July 24, 2014 at 3:03 pmYes you can. But do some due diligence before trying out algo trading
Bhushan Jijabrao patil says
January 3, 2015 at 5:29 pmThank You Very Much Mr. Rajandran R Your AFL is Very Very Good…..
SUBHANKAR CHAKRABORTY says
April 2, 2015 at 3:25 pmHi Rajendra,
I am not able to do the custom indicator save with won password in amibroker with the given AFL code. If possible can u please do the halp this matter.
Thanks
Subhankar
sudhakar parab says
February 3, 2019 at 6:17 pmDear Rajendran , just now i saw ur site. tomorrow i wll see live. But any how thank u vry much dear.
May God bless u and ur family too.