Strategy description

SENSEX INTRADAY

Overview

SENSEX INTRADAY is an intraday trading strategy designed for SENSEX weekly options. The strategy focuses on option selling with a hedge to manage risk, entering trades based on specific conditions rather than fixed times.

Key Features:

1. Entry Time: After 9:15 AM (condition-based).
2. Exit Time: By 3:20 PM or earlier if conditions are met.
3. Capital Requirement: ₹100,000 per multiplier (X).
4. Max Daily Loss: ₹1,850 per multiplier (X).
5. Drawdown: Managed at approximately below 10%.

Risk Management

The strategy includes a risk management plan designed to protect your capital. The maximum drawdown is managed to remain below 10%, and the daily loss is capped to ensure that risk is controlled.

User Responsibility

1. Capital Buffer: It is recommended to maintain an additional 5-10% of capital beyond the required amount to accommodate market fluctuations, especially during high-volatility periods (e.g., elevated VIX days). Generating tokens between 8:30 AM and 9:00 AM helps improve execution reliability.
2. Error Management:
   1. In case of deployment errors, users will be notified via SMS, WhatsApp, or a call from Tradetron.
   2. Check the deployment’s notification log to identify and resolve any issues.
   3. If the issue persists, support is available via the provided Telegram group.
   4. Important Setting: Ensure the "On error setting to exit the strategy" option is enabled on the deployed page.

Algo Awareness for Users

While the strategy logic remains consistent, outcomes may vary across users due to differences in entry prices and broker execution times. For example, one user may enter a position at 220, while another enters at 250, leading to variations in adjustments and results.

To optimize execution and costs, users are encouraged to use low-cost or zero-brokerage brokers and ensure reliable API connectivity. Feedback on broker selection and cost management is available upon request.

Disclaimer

We are not SEBI-registered advisors. This strategy is based on extensive testing but does not guarantee any specific financial outcomes. Users should consult a qualified financial advisor before implementing this strategy. Option trading involves significant risks, and this strategy is intended for individuals with a thorough understanding of option selling and trading.

Details

1. Exchanges: BFO
2. Capital Requirement: ₹100,000 per multiplier (1X)
3. Monthly Fee: Free + 10.00%