created : 8 months ago| | live deployment: 1
Strategy description
This is an Intraday Options Selling Strategy. Takes trades in NIFTY(2 lots) and BANKNIFTY. It sells a strangle and as the market moves it books profits from the profitable side & then moves that strike price closer & closer to the loss side until it ends in a straddle. After becoming a straddle it will stop any adjustment and will exit the whole strategy if the market moves further.
Entry: After 10am
Exit: After 3pm
Day: All week days.
Capital: 3lac
No of trades: 12 to 14 per day (very low or 0 brokerage plan or a higher multiple deployment will work beautifully)
In case there are any execution issue in live deployment, then you will see "Error Execution - Manage" option on Tradetron page. Here you have 3 options, Try Again, Cancel and Completed Manually. Check the notification log to try to fix the error and then use Try Again option once. If it still didn't work, it is best to choose Cancel and Exit the strategy for the day. Since it is a intraday strategy once a while such Error will not have any long term impact to the overall result.(Remember there is always a next day).
Note: In case you didn't do anything post the error and market has closed, nothing to worry. Since it's uses MIS order type, the broker system will close out all the open positions from this strategy. However from next day, you have to Delete and Redeploy the strategy again. (or choose "Completed Manually option and Reactivate)
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