This is an intraday Strategy on NIFTY and BankNIFTY Weekly Options. 

Entry:

It will sell intraday Near OTM Straddle NIFTY options at a specified time (varies under certain conditions). 

It will sell intraday ATM options at a BankNIFTY specified time (varies under certain conditions). 

It will also buy intraday ATM options at a BankNIFTY specified time (varies under certain conditions).

Risk Management:

It will have three stop losses. 

1. One is % based stop loss i.e. it will close the trade if x% of the premium is hit.  (This x is a variable based on certain conditions.)
2. One is a time-based stop loss, i.e. It will close the trade at a specified time. So if the stop loss is not hit by the method mentioned in the above, it will act as take profit point.
3. Volatility based stop loss.

The NIFTY system will have some extra certain conditions.

Metrics:

This is the report from 13th March 20 from Stock Mock.

Disclaimer:

Good Past performance is no guarantee of future results. It also extends to the fact - Don't discount an investment simply because it's done poorly recently - it can improve back to its way to its usual amazing results. 

Although it is 100% fully automated trading, You're advised to keep a slant eye over the account to monitor any significant deviation. Click here to join our Telegram Channel for important updates.