Strategy description

Strategy Description

This strategy is a systematic risk-defined Nifty weekly expiry intraday option selling strategy. Developed based on market behavior and my intraday trading experience of 4 years, with a max drawdown of 4.5%.

Key Details:

1. Max Per Day Risk: The strategy has a max loss of ₹2000 for 1x multiplier on Wednesday, Thursday, and ₹1600 for other days.
2. Max Per Day Target: The strategy has a target profit of 2.4% on Wednesday, Thursday, and 1.9% on other days.
3. Average Number of Trades per Day: 9
4. Entry & Reentry: Entry varies between 9:16 to 9:30 depending on different days left before the expiry. Reentry is max 3 times per day.
5. Leg-based Entry and Exit: Entry and exit depend on market moves and volatility.
6. Reentry Cutoff Time: 3:00 PM.
7. Exit: The strategy exits at 3:27 PM.
8. Market Suitability: Designed to work for both trending and rangebound markets. Volatile moves either side back to back can hurt this strategy, which is common in most trading methods.

Deviations:

All entry and exit orders are at market price. Results might differ for individual subscribers depending on execution. It is recommended to make deployment active before market hours to enable the strategy to do its timely entry so as to get consistent returns in the long run.

Overall, in the long run, returns will be the same.

Disclaimer:

I'm not a SEBI registered investment or financial advisor. This strategy is developed for educational purposes and learning only. The subscriber is responsible for any profit/loss arising from deploying the strategy without any question to the developer. Deploy with due diligence, starting with paper trade first and gaining hands-on user experience to avoid errors.