created : 5 months ago| | live deployment: 2
created : 5 months ago | live deployment: 2
Dr Algo NIFTY Option Buying Prime Strategy
by: Doctor Algo
Strategy description
Nifty Options 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 50 Option |
| Trading Hours | 9:15 AM – 3:25 PM IST (all positions closed before 3:29 PM) |
| Timeframe | Entry signals generated on multi time frame |
| Capital Requirement | ₹5000 – ₹20,000 (depending on ATM spot premium, with buffer margin) |
Risk Management Rules
1. Fixed Loss Rule: If the traded instrument loss in a trading reaches Approx. INR 400, the strategy will close 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.
- Live trading only when the strategy behaves as expected
- Any abnormal drawdown / inconsistency → pause immediately
- Continue paper testing during the unstable phase
- Restart live only after stability and consistency are confirmed
Support
Disclaimer & Terms of Use
- This strategy is the sole intellectual property of the Creator (Doctor Algo).
- This strategy does not provide any guarantee of profit. Trading in options involves substantial risk, and losses may exceed expectations. Past performance is not indicative of future results.
- Subscribers are strongly advised to deploy the strategy in paper or offline mode first and use only risk capital while trading live.
- Money is king — protect your capital first. If this strategy starts showing inconsistent results due to changes in market behavior, strategy dysfunction, or loss of its expected performance characteristics, immediately pause live execution. Move the strategy to paper trading and monitor it until consistency returns and the strategy proves its edge again
