Strategy description

Bank Nifty Technical Confluence Strategy

This strategy operates on the Bank Nifty spot chart via TradingView Pine Script, capturing high-probability setups through a confluence of RSI, MACD indicators and zig-zag pattern to identify MSS.

Performance Highlights

Metric	Value
Backtest Period	1 Jun 2022 – Present (4 years)
Total Profit	₹86 Lakhs
Position Size	140 qty (4 Bank Nifty futures lot)
Win Rate	72%
Risk-Reward Ratio	Based on TSL and MSS

Core Logic / Indicators Used

1. RSI: Momentum filter to avoid overbought/oversold traps
2. MACD: Trend confirmation and entry filtering
3. Time Frame: 15 Mints T F used to capture right trade/average 25 trades in a Month
4. Entry Logic: Multi-indicator alignment
5. Exit Logic: SL or target hit based on 0.2% of trailing SL or MSS

Risk Management

1. Stop Loss: Defined per trade
2. Target: 3× stop loss
3. Drawdown Control: Low exposure per trade

Profit Potential

1. Avg Monthly Profit: 12%–25% over 4+ months live
2. RR Ratio: 1:3 maintained

Automation Setup

1. Signal Generation: TradingView Pine Script
2. Execution: Tradetron via webhook/API

Who Should Use

1. Intermediate to advanced traders seeking systematic exposure to Bank Nifty
2. Those preferring rules-based, data-driven strategies
3. Traders aiming for long-term consistency rather than high-frequency entries

Final Notes

Past performance does not guarantee future returns. Deploy on paper trading for a few days/weeks before going live, and monitor performance closely.