Strategy description

Strategy: NIFTY SCALPER

Overview

NIFTY SCALPER is a strategy designed for NIFTY weekly options. It operates based on specific conditions and focuses on option selling, with added risk management through hedging. The strategy seeks to capitalize on market conditions while maintaining disciplined risk controls.

Key Features

1. Entry Time: After 9:15 AM, based on specific market conditions (not time-based).
2. Exit Time: 3:20 PM or earlier if the exit conditions are met.
3. Capital Requirement: ₹150,000 per multiplier (X).
4. Max Daily Loss: NIL.
5. Drawdown Consideration: Estimated around 10%, subject to market conditions.

Stop Loss and Trailing Stop Loss

1. Stop Loss: NIL.
2. Trailing Stop Loss: NIL.

User Responsibility

1. Capital Buffer: It is recommended to maintain an additional 10% (₹10,000 for optimal use) buffer capital beyond the required amount. This will help manage market fluctuations, especially during periods of high volatility (e.g., rising VIX). Generating tokens between 8:30 AM and 9:00 AM can enhance execution reliability.
2. Error Management: In the event of deployment errors, users will receive notifications via SMS, WhatsApp, or call. It is important to review the deployment's notification log to identify and resolve any issues promptly. Support is available through the designated Telegram group if needed.
3. Important Setting: Ensure that the "On Error Setting to Exit the Strategy" option is enabled in the deployed page for effective risk management.

User Awareness

While the strategy's logic remains consistent, execution outcomes may vary due to factors such as entry prices or execution timing. For example, one user may enter at a strike price of ₹300, while another may enter at ₹350, based on broker performance or timing differences. As a result, adjustments and outcomes may vary.

For optimal execution and cost management, users are encouraged to select a low-cost or zero-brokerage broker. It is also crucial to use a reliable broker API to minimize execution issues. If needed, feedback on broker selection and cost optimization can be provided.

Disclaimer

We are not SEBI-registered advisors. This strategy has been developed based on thorough testing, but we do not make any guarantees regarding potential outcomes. Option trading involves significant risk and is recommended only for those with a strong understanding of option selling and trading. Users should consult a qualified investment advisor before deploying the strategy in a live environment.

Exchanges

NFO

Capital Required

1. ₹150,000 per multiplier (1X).

Monthly Fee

1. Free + 10.00%.