Strategy description

Live Shared Code

Code: 60cb4bf3-bb8a-4879-8368-a05bc6bcc243

Important Note

Trading in F&O (Futures & Options) is inherently risky and should not be relied upon as a primary source of income. Many traders experience losses, and any returns are highly variable and unpredictable. It is strongly advised to trade only with capital you can afford to risk and to avoid borrowing funds for trading.

Strategy Description

• Type: Intraday BFO Algo in Sensex Index Options
• Execution: Market Order, NRML Order Type
• Instrument: Weekly expiry options in Sensex Index, focused on option selling
• Capital Requirement: ₹1.2 Lakhs (Unhedged Naked Option Selling/Writing). Maintaining an additional 10-20% capital buffer during high volatility is recommended.
• Dynamic Entry: Positions may be entered anytime after 9:17 AM if conditions align. Not all days will involve trades. Entry cutoff is at 3:00 PM.
• Single Counter: Operates a single session per day and typically reactivates six hours post-exit.
• Market Conditions: Suited for non-directional markets.

Note: P&L results may vary across accounts due to entry price differences. Users are encouraged to assess the strategy over a minimum period of 4 months to gauge its suitability.

Key Information for Users

Capital Management: To manage fluctuations, especially during periods of heightened volatility, maintain 5-10% more capital than the minimum recommended amount. Establishing tokens between 8:50 AM and 9:13 AM can help avoid rare execution errors. For any issues in live deployment, users are advised to check their notifications on Tradetron and address them promptly.

P&L Variability: Variations in P&L are common across accounts in premium-based algorithms due to differences in the entry premium and bid-ask availability. These factors can affect SL and TG levels, leading to possible P&L discrepancies. Over time, these differences generally balance out across users. For accurate assessment, users can monitor live shared codes or engage in paper trading.

Disclaimer

Sachin Jain Algos provides strategies designed with care but does not make any claims regarding specific performance outcomes. Please consult a financial advisor before engaging in live trading, as options trading is highly risky. Sachin Jain Algos is not SEBI-registered and does not provide financial or investment advice.

Contact Information

• Email: [email protected]