Strategy description

SENSEX WEEKLY OPTIONS – GOLDEN GATE (1-Minute Timeframe)

Strategy Description

1. This is an intraday momentum-based option buying strategy that trades Sensex Weekly Options using price action, volume, and moving average indicators on a 1-minute chart.
2. It focuses on short-term momentum bursts identified through 300 > 200 > 100 > 10 EMA crossovers and a fixed premium entry of ₹200.
3. The strategy is designed for disciplined intraday execution with strict stop loss and profit targets.

Strategy Overview

Risk Management Rules

1. Fixed Stop Loss of ₹500 per lot.
2. Fixed Profit Target per lot.
3. Universal Exit Triggers:
   1. Target reached.
   2. Trailing Stop Loss (TSL) triggered.
   3. Stop Loss hit.
   4. Time-based exit at 3:05 PM.
   5. Fixed target achieved.

Algo Basic Information

1. Capital: ₹10,000 per lot.
2. Start Entry Time: 9:15 AM.
3. Exit Time: 3:05 PM.
4. Profit Booking: Dynamic.
5. Stop Loss: ₹500 fixed.
6. Target: ₹2,000 fixed.
7. Ratio: 1:4.
8. Average Trades Per Day: 2–6.

How to Use the Algo

1. Multiplier Management: Maintain position size according to your risk capacity. Avoid over-leveraging — trading beyond loss-bearing capacity can lead to long-term losses.
2. Error Management:
   1. Generate API token daily before market opens.
   2. Enable Tradetron notifications (Email, WhatsApp, Telegram, Call) for position and error alerts.
   3. Ensure sufficient margin for trades.
   4. Minimize manual intervention during trading hours.

Special Instructions

1. The strategy will take 2–6 trades per day depending on market conditions.
2. Ensure total expenses and brokerage are managed within your plan.
3. Maintain adequate margin availability as per broker’s limits.

Important Notes

1. This is a strictly intraday strategy — no overnight carry positions.
2. All trades are closed before 3:05 PM.
3. No reactivation of the algo after Stop Loss is hit.

Risk Disclaimer

1. Algo trading is not a money-making machine. It helps remove emotions, enforce discipline, and improve trade execution speed.
2. Profitable and losing trades will both occur; consistency and discipline ensure long-term success.
3. There may be slippage, terminal errors, or technical issues — always monitor your account for significant deviations.
4. We are not SEBI-registered analysts. No profit guarantees or claims are made.
5. Users are solely responsible for their profit or loss while using this strategy.