Strategy description

Sensex Intraday King Strategy Overview

The Sensex Intraday King strategy trades with 3 pairs of Sensex strangles. It is a semi-directional strategy with quick adjustment logics. This strategy works best in volatile and small-range bound markets, although it may hit stop loss (SL) on premium spiking days.

Key Details:

1. Start Time: 9:30 AM
2. Exit Time: 3:20 PM
3. Capital Requirement: ₹800,000/X
4. Target: 10,000/X
5. Stop Loss: 8,000/X
6. Trailing Stop Loss (TSL): Not applicable
7. Drawdown: Expected 5%
8. Average Trades: ~500/month
9. Shared Code: 81bec0ea-ec9c-4abe-87d5-b2a70bed9f33

User Responsibilities:

1. Capital Buffer: Users are encouraged to maintain 5-10% additional capital over the recommended amount, especially during high-volatility days. Proper capital maintenance and generating a token between 8:30 AM to 9:00 AM can ensure smooth execution.
2. Error Notifications: In case of deployment errors, users will receive notifications via WhatsApp or Tradetron. Please check the notification log in the deployment and address any issues promptly. If assistance is needed, please contact us through our Telegram group or personal Telegram ID.

Algo Awareness for Users:

While the strategy logic remains consistent, outcomes may vary based on each user's entry strike and entry price. For example, if one user enters at 300 and another at 305, adjustments and day-end results may differ. Over time, these differences typically balance out across users.

To manage costs effectively, users are encouraged to consider low-cost or zero-brokerage brokers. For further assistance on optimizing costs, please feel free to contact us. Additionally, selecting a reliable broker with stable API performance is crucial for minimizing execution issues. We are happy to provide feedback based on our experience.

Disclaimer:

Market Star is not a SEBI-registered advisor. While this strategy is based on observed market conditions, it does not guarantee specific results. It is strongly recommended that you consult a qualified investment advisor before deploying the strategy. Option trading involves substantial risk, and this strategy is best suited for those with a clear understanding of option selling and trading.