created : 1 week ago| | live deployment: 0
Strategy description
Strategy: SENSEX INTRADAY
Overview
SENSEX INTRADAY is a strategy designed for trading SENSEX weekly options. This strategy enters trades based on specific conditions, focusing on option selling with a hedge for risk management.
- Entry Time: After 9:15 AM, upon condition satisfaction (not time-based).
- Exit Time: 3:20 PM or earlier if conditions are met.
- Capital Requirement: ₹50,000 per multiplier (X).
- Max Daily Loss: ₹1450 per multiplier (X).
- Expected Drawdown: Approximately 6%.
Stop Loss and Trailing Stop Loss
- Stop Loss: 1450 per multiplier
- Trailing Stop Loss: 1250 per multiplier
User Responsibility
Capital Buffer: It is recommended to maintain 5-10% additional capital over the required amount to cover fluctuations, particularly during high VIX (volatility index) days. Properly maintained capital and token generation between 8:30 AM to 9:00 AM help ensure smooth execution in most cases.
Error Management: In case of deployment errors, users will be notified via SMS, WhatsApp, or a call from Tradetron. Please refer to the deployment’s notification log to identify and address any issues promptly. If you cannot resolve the issue, support is available through the provided Telegram group.
IMPORTANT SETTING: In deployed page, On error setting to exit the strategy should be clicked(enabled).
Algo Awareness for Users
The strategy logic remains constant, individual results may vary based on entry prices and time. For example, if one user enters a position at a strike price of 300 and another may enter at 350. Its because of execution time differs broker to broker. So the adjustments and end results may differ.
To optimize net returns, it is advisable to use a low-cost or zero-brokerage broker. Reliable
API connectivity is also important to reduce execution issues. We are available to provide feedback on broker selection and cost optimization.
Disclaimer
We are not SEBI-registered advisors. This strategy is designed based on thorough testing, yet we do not claim any specific returns. Users should consult a qualified investment advisor before deploying this strategy live. Option trading involves substantial risk, and this strategy is recommended only for those who fully understand option selling and trading.
Exchanges
BFO
Capital Required
₹60,000 per multiplier (1X)
Monthly Fee
Free + 20.00%
Subscribers
