Strategy description

Strategy: KING BANKNIFTY  

Overview

BANK NIFTY KING is a strategy designed for trading BANKNIFTY monthly 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: ₹80,000 per multiplier (X).
• Max Daily Loss: ₹1,450 per multiplier (X).
• Expected Drawdown: Approximately 6%.

Stop Loss and Trailing Stop Loss

• Stop Loss: 1,450 per multiplier
• Trailing Stop Loss: 1,250 per multiplier
• 
  

User Responsibility

1. 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.

2. 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.

3. 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, 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.

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
NFO

Capital Required
₹80,000 per multiplier (1X)

Monthly Fee
Free + 10.00%