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 charting 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 I focus: Axis Bank, JSWSteel,  State Bank Of India, Tatamotors

Charting software: Ninjatrader (NT7-Intraday), Amibroker(EOD) and MT4 (Forex and Int’l indices)

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:




My other blog: (EURUSD, Dax30 Index, Euro Bund (FGBL), SP500 Index)

Reference Charts:

NSE Nifty Futures


German Dax 30 Index MT4

Healthy And Wealthy Trading


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