Strategy description

BANK NIFTY MONTHLY OPTIONS – GOLDEN GATE BUY STRATEGY (1-Minute, 300 > 200 > 100 > 10 EMA, ₹200 Premium)

Intraday Momentum Trading Strategy – Bank Nifty Monthly Options

Strategy Overview

This intraday momentum trading strategy uses price action and volume-based indicators to trade Bank Nifty Monthly options on a 1-minute chart.

Parameters

Risk Management Rules

1. Fixed Stop Loss ₹500 and Target Fixed ₹1,500 per lot
2. Per Lot Ratio: 1 : 3

Universal Exit Conditions

1. If Target Reached
2. If TSL Triggered
3. If Stop Loss Hit
4. Time: 3:05 PM

Important Notes

1. Strictly Intraday: No overnight carry positions. Ensure all positions are exited by 15:05 hrs.
2. Stop Loss Management: Fixed Stop Loss ₹500 per lot and NO Reactivation of ALGO.

Algo Basic Information

How to Use Algo

1. Always keep multiplier as per your risk capacity. Option buying uses less capital, but increasing lot size beyond your capacity can lead to higher risk. Avoid trading beyond your loss-bearing ability.
2. Error Management:
   1. Generate API token daily.
   2. Use Tradetron notification features to receive updates via email, WhatsApp, Telegram, or calls for new positions and errors.
   3. Ensure adequate capital for algo to trade efficiently.
   4. Minimize manual intervention during trading hours.

Special Instructions

This strategy will take only 2 to 6 trades per day based on market conditions. Ensure you account for brokerage costs and manage your margin as per your broker’s requirements.

Risk Disclaimer

1. Algo Trading is not a money-making machine. It removes emotions, enforces rules, manages capital, and executes trades efficiently.
2. Profitable and losing trades will both occur. Consistency and discipline are key to long-term success.
3. There may be slippage, terminal errors, or technical issues. Although monitored by the creator, you should watch your account for significant deviations.
4. We are not SEBI-registered analysts. No profit claims are made, and we hold no responsibility for any profits or losses resulting from this strategy.