NIFTY Strategy Name: BBEMA (Simple)

Disclaimer: The strategy can be found openly or anywhere else in social Media. I have modified it as per my way. One can do own modification as per their own setup. 

Shared by @Pritamsc

I have been trading this for a long time now.
Indicators:
Bollinger Band (21,2)
Bollinger Band (21,0.5)
EMA 5
VWAP
TF: 5 min

Use of Bollinger Band (21,0.5) Its for Directional Bias.. The change in direction can be gauged by it once the direction changes..

BUY SETUP:
BUY on HIGH of Candle Close above Upper BB(21,2)
Price shld also b above VWAP
Initial SL: Latest Swing Low
Target: Book 50% on 0.5% or 80 pnts(NF).Rest 50% wth Trailing SL of close blw EMA5

SELL SETUP:
SELL on LOW of Candle Close below Lower BB(21,2)
Price should also b below VWAP
Initial SL: Latest Swing High
Target: Book 50% on 0.5% move or 80 pnts (Nifty). Rest 50% wth Trailing SL of close above EMA5

NOTE: Price Breakout need to happen after a Bollinger Squeeze
Note: Breakout or Breakdown  Candle's Price Open should be inside Bollinger Band.
If gaps out or gap down in morning, trade can be avoided if open of candle not inside Bollinger Band.
Only 2nd Candle High/Low should be used as SL once closed above/below EMA5

Examples on NIFTY

Trade: 20/05/2022

Trade: 19/05/2022

Trade: 18/05/2022

Trade: 17/05/2022

Trade: 16/05/2022 Example of the choppiest Day where we lose just 10 points.

Kindly do your own diligence before taking any trades before jumping all in. I will not be responsible for any Profits or Losses of yours.

Thank You Pritam for sharing this setup.