created : 1 year ago| | live deployment: 2
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 3 years, it has a max drawdown of 4.4%.
Key Details:
- Max Per Day Risk: The strategy has a max loss of ₹1800 for 1x multiplier on Wednesday and Thursday, and ₹950 for other days.
- Max Per Day Target: The strategy has a target of 2.4% for Wednesday and Thursday, and 1.2% for other days, followed by trailing PnL.
- Average Number of Trades per Day: 9
- Entry & Reentry: Entry varies between 9:16 to 9:30 depending on the number of days left before the expiry. Reentry is a maximum of 3 times per day.
- Leg-Based Entry and Exit: Entry and exit depend on market moves and volatility. Reentry cutoff time is 3:00 PM.
- Exit: The strategy exits at 3:27 PM.
- Market Suitability: Designed to work for both trending and range-bound 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 the market opens.
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 to gain hands-on user experience to avoid errors.
