Strategy description

DWAND Bn35 Intraday Buying

Strategy Overview

Strategy Type :  Trend-following intraday option buying strategy with Bank Nifty as the underlying asset.

Trading Frequency : Low frequency, typically 2-4 trades per day.

Brokerage : Recommended to use a zero-brokerage account to maximize profitability.

Risk Management

Per Trade Stop loss : Defined for each trade to limit individual trade losses.

Daily Stop loss : Maximum daily loss capped at ₹4,000 to protect capital.

Hedge Entry : Implemented if a trade moves against the position to mitigate losses.

Algo Basic Info

Capital Requiremen t: ₹60,000.

Entry Time : 9:30 AM.

Entry Cutoff : 3:00 PM (no new trades initiated after this time).

Exit Time : 3:10 PM (all positions closed).

Profit Booking : Dynamic, based on market conditions.

Stoploss : Fixed per trade to ensure disciplined risk management.

Considerations for Daily Stoploss of ₹4,000

Risk Limitation : The ₹4,000 daily stoploss ensures overall daily losses are capped, safeguarding the trading capital and enabling consistent risk management.