Strategy description

Gullak Bi Index Strategy

The Gullak Bi Index is a market-neutral intraday option-selling strategy with BankNifty and Nifty as the underlying. It is always paired and does 1-2 adjustments based on market movement.

Risk Management

1. Per Index Stoploss: Defined for each index
2. Day Stoploss: Monitors overall exposure for the day
3. OTM Options Sold: To reduce risk
4. Limit Orders: Instead of market orders, to avoid freak trades

Algo Basic Information

1. Capital: ₹360,000
2. Start Entry Time: 9:15 AM to 9:30 AM
3. Entry Cutoff: 2:00 PM
4. Profit Booking: Dynamic Stoploss – Fixed ₹4,800
5. Number of Trades Per Day: 4 to 8 (Approx.)

How to Use the Algo

1. Always keep the multiplier according to your risk capacity: Do not increase the lot size beyond your risk-taking capacity. This is the most important thing to keep in mind for long-term trading.
2. Error Management:
   1. Do not forget to generate a token every day.
   2. Use the notification feature of Tradetron (for new positions and errors) to get info via email, WhatsApp, Telegram, or call.
   3. Ensure enough capital is available for the algo to trade.
   4. Keep minimal manual intervention in the trading account.

Contact us: 9429692342