Strategy description

Strategy Overview: 

This algo trades Nifty Index using option buying.  This is a INTRA DAY trading strategy, positions are not carry forward for next day. It has a inbuild trailing stop loss mechanism to lock profit and minimize risk. When a stop loss or trailing stop loss is hit it reverse the position. 

Position Logic:

1. Long Position: When long signal is triggered in algo, it buys Call option (CE). 
2. Short Position: When sell signal is triggered in algo, it buys  Put Option (PE).

Risk Management: 

1. Target: This also doesn't have a fixed target instead it rides the trend until trailing stop loss is hit and then reverse the position.
2. Stop Loss: it has a fixed initial stop loss.
3. Trailing Stop Loss: As position move in favor, algo keep trailing the stop loss, and ride the full trend. 

Strategy Highlights: 

1. This is intra day strategy with no position carry forward for next day. 
2. This strategy doesn't have a target, so it will ride the trend until trailing stop loss is hit, hence maximizing the profit.
3. By using option buying, it aim to reduce the cost of trading.
4. No overnight risk.

Disclaimer:

Ansh Enterprise is not a SEBI-registered investment or financial advisor.  Kindly consult your investment advisor before deploying the strategy in live trading. The Profit and Loss (P&L) updates shared are from our live automated systems and are for informational purposes only. We recommend paper trading for a week to understand and learn the strategy before using it in live mode. Trading involves risks, and you should be fully informed and prepared before proceeding. Users are solely responsible for their trading decisions.