created : 3 months ago| | live deployment: 5
created : 3 months ago | live deployment: 5
Dr Algo NIFTY FIN SERVICE Option Buy Strategy
by: Doctor Algo
Strategy description
Nifty Fin Service Option buy Strategy
Strategy Overview
This intraday momentum trading strategy uses price action and volume-based indicators to trade Sensex options on 1-minute and 2-minute charts.
| Parameter | Details |
| Traded Instrument | Nifty Fin Services |
| Trading Hours | 9:15 AM – 3:15 PM IST (all positions closed before 3:17 PM) |
| Timeframe | Entry signals generated on 1-min & 2-min charts |
| Capital Requirement | ₹10,000 |
Risk Management Rules
- Fixed Loss Rule: If the total loss in a trading session reaches INR 500, the strategy will close all existing trade
- Loss Management Procedure:
- if any Technical Glitch is observed Pause the strategy at once.
- Manually close any open positions.
- Contact the support team for guidance before resuming.
Discipline Guidelines for Algo Trading
- Initial Paper Trading: Run the strategy in paper mode for at least one week. Do not switch to live until consistent performance is observed.
- Live Deployment Criteria: Deploy live only after achieving stable, positive results in paper trading.
- Drawdown Control: Stop trading immediately if losses exceed 4%. Never increase lot size to recover losses.
- Multiplier Increase Rule: Increase volume only after one full month of satisfactory and profitable live trading.
- General Discipline: Avoid emotional decision-making. Rely strictly on back testing, real-time data, and maintain regular performance logs.
Support
