Strategy description

It is a intraday option buying breakout strategy. Buying Nifty Call Option on Bullish Breakout and Put Option on Bearish Breakout in Nifty Index. Entry and exit from the trade based on price action of candle chart only.

Key Highlights:

1. Type- Intraday on Nifty options call and put both,
2. Strategy - Directional in uptrend and downtrend both.
3. Entry time - After 10 AM on range breakout only. 
4. Duration of Trade - From few minutes to few hours based on target achieved or stop loss hit.
5. Capital required-  Rs 35,000/- only for trade with one lot Nifty option.
6. Number of Trades- Only one trade in a day. Sometimes two trades in a day

Key Advantages:

1. Scalping- Some times target achieved in 2 to 3 minute.
2. Capital - Very low capital required, only Rs 35,000 for one lot.
3. High Success Rate- About 70% to 80% trades close in profit.
4. Risk Reward Ratio- The Max SL in a day is about Rs 2000/- and Max profit may go beyond Rs 5000/- in a day with one lot.

Disclaimer:

The owner of Wealth Creator (WC) is not SEBI registered analyst. It is advised to consult your Financial Advisor before Trading in Stock, Future and options Markets. Future & Options trading carries inherent risk and is suitable only for individuals with a thorough understanding of risk involved with the market. There can be slippage, terminal errors, or technical issues in live Algo trading. We are not responsible for any loss incurred by deploying this strategy. Please do not deploy any emergency fund or take position in multiple lots which may impact heavy loss due to any uncertain activity in the market. Kindly note that Algo Trading is not purely unsupervised trading. It is advised to keep watch and be alert on notification/ calls by Tradetron in case of any error in execution either on entry and exit.