Strategy description

Live Shared Code (Verify actual trades punched in broker & PnL - LIVE AUTO)

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Important note - F&O Trading is the worst business in this world. If you expect more than 10-14% yearly returns from trading, then you are either misguided or delusional! People commit suicide every month, and 99% of traders lose money. The 1% of people who make money earn around less than 14% yearly returns. So don't ever borrow money or take loans. One must NOT depend on Trading for source of income or consider it as a Money Making Machine! 

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Strategy Description: 

• NFO Intraday Algo in All NFO Indices Only (No BSE Indices as of now due to restrictions in Market Orders execution).

• Capital Requirement is 1.5 Lakhs as it is a Hedged Option Selling/Writing Algo with OTM Bought Legs

• Expiry Trading of MIDCPNIFTY, FINNIFTY, BANKNIFTY, NIFTY 50 Indices in Expiry Day Options (ATM straddle)

• Dynamic Entry (Can enter anytime when conditions meet). Some Days it might not even take any trade

• Mostly Single Counter (but sometimes becomes Multi-Counter)

• After Exit, usually Algo reactivates after 6 hours

• Last entry till 14:57 PM only

• No Tranching, All your lots be it in 1x or 10x goes in single order at single time. Your orders are not “sliced” or split into tranches with delay. All orders will go at single instance (time) which can cause significant slippages.

• If you deploy it in very high x or multipliers, you will face -ve slippages due to limitation of available BID-ASK Quantities even on highly liquid indices like BankNifty. Try not to exceed 3x, better deploy 3x in 1 borer and another 3x in other broker, this way you can split

• Each LIVE AUTO account will have different PnL results. Do not compare your results with each other or even my live shared code. Use it for 4 months, and check for yourself, if you are happy with Alog or not

• Avg Trades (Buy + Sell) per Day: 16.5 Trades/Day

• Works best in Non-Directional/ Semi-Directional Markets

• MIS orders & Market Orders execution Only 

• This is a Multi-Index Daily Expiry Trading Algo. Only Trades on Expiry Day of each Index  

• For more Information, you can contact me on telegram (by visiting my Tradetron Profile)  

• Please use 0 commission brokers only which charge 0 Rs/Order

Crucial Information:

Capital Management Guidelines: Traders are urged to maintain a reserve of 5 to 10% more capital than the broker's recommended amount and to manage capital fluctuations triggered by the exchange during periods of increasing VIX. Once capital is appropriately maintained and a token is generated between 8:50 AM to 9:013 AM, execution issues are rare, occurring in only 5% of cases. However, in the event of any live deployment errors, users will receive notifications via WhatsApp or a call from Tradetron. It is essential to review the notification log in the deployment interface to identify and rectify the issue promptly. Errors in deployment halt the strategy, potentially leading to unforeseen outcomes. If unable to resolve the error independently, users are encouraged to seek assistance through the discussion group on Telegram.  

Algo Strategy Awareness & Why your PnL might Differ compared to your friend: Premium-Based algorithms, which do not rely on signals from trading view or any indicator, will invariably exhibit differences in PnL among users. This discrepancy hinges on the entry premium captured by your Broker/Tradetron execution account during the morning entry time. Some individuals may receive an entry premium of 200, while others might receive 203, owing to the availability of BID-ASK in Market Depth. Consequently, all conditions and Stop Loss (SL) / Take Profit (TG) levels are calculated based on these respective entry premiums, resulting in varying SL and TG levels for each user. Your average entry price will consistently differ compared to other users' live auto deployments, contingent upon the Last Traded Price (LTP) captured from the Market Order Book depth, derived from Bid & Ask Prices. This average entry price significantly influences the fixed-defined SL and TG percentage. Consequently, while some users may book profits on a leg, others may not, particularly when the market reverses (even with the formation of a single red or green candle). Therefore, it is advisable to monitor live shared code or engage in Paper Trades, but refrain from comparing results with others. Over the long term, these disparities typically balance out, resulting in largely matching PNLs for all users.   

Disclaimer : While Sachin Jain Algos offers a meticulously crafted and time-tested strategy aimed at profitability, it's imperative to note that I am not a SEBI registered advisor. While the strategy is designed with care, I do not assert any claims regarding attractive ROI. Prior to deploying this strategy in live trading, it is strongly advised to consult with your investment advisor. It's crucial to acknowledge that option trading carries a 100% risk  

Contact Information

Email: [email protected]

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