Strategy description

Strategy Overview

Velmaaral Enigma is a systematic intraday strategy within the Velmaaral ecosystem, designed to identify and participate in stock-specific market opportunities through a fully rule-based execution framework.

The strategy utilizes proprietary research and observed market behaviour to identify trading opportunities through predefined entry, position-management and exit conditions.

Enigma is designed as a secondary growth engine within the Velmaaral ecosystem, providing an additional source of systematic intraday market participation alongside the primary Precision engine.

All positions are intraday in nature and are closed before the end of the trading session.

Operational Framework

Trading activity varies according to market conditions and opportunity availability.

Based on the current control backtest, Enigma averaged approximately 1–2 completed trades per trading day.

The strategy does not operate with a fixed number of trades each day; activity is determined by its predefined conditions.

Capital Required

₹15,000

This represents the current operational capital requirement used for the strategy.

Instrument Type

Equity Intraday (MIS)

All positions are closed before market close and no positions are intentionally carried overnight.

Capital Deployment

1. The stated ₹15,000 capital requirement represents the operational capital requirement used in the current strategy configuration and testing.
2. The capital requirement is primarily associated with the margin and operational requirements of intraday execution.
3. No overnight positions are carried.
4. Subscribers should maintain sufficient funds in accordance with their broker's applicable margin requirements and operational conditions.
5. Actual live execution may differ from historical backtest results because of market conditions, execution prices, liquidity, slippage, broker requirements and other operational factors.

Role Within the Portfolio

1. Enigma serves as a secondary growth engine within the Velmaaral strategy ecosystem.
2. The strategy is designed to provide an additional source of systematic intraday market participation rather than simply duplicating the role of the primary Precision engine.
3. Enigma may be deployed independently or alongside other Velmaaral strategies depending on the subscriber's capital, preferences, risk tolerance and portfolio objectives.
4. When used alongside other Velmaaral strategies, the individual characteristics and compatibility of the strategies should be considered rather than evaluating each strategy solely on its standalone return.
5. Enigma is intended to complement the broader Velmaaral ecosystem while retaining its own independent strategy logic and execution framework.

Validation & Evaluation

1. Enigma is being evaluated through its historical backtest, ongoing observation and continued validation of its behaviour across market conditions.
2. The current control configuration has been tested across 408 trading days covering the period from August 2024 to August 2026.
3. Historical testing demonstrates that the strategy can experience extended periods of drawdown and varying levels of monthly performance.
4. Subscribers are encouraged to review available historical performance information, observe the strategy through paper trading where appropriate, and satisfy themselves regarding its operational behaviour before deploying live capital.
5. Strategy evaluation should be conducted over meaningful periods and across different market conditions rather than based on individual trades, days or short-term performance.

Risk & Expectations

1. Like all systematic trading systems, Enigma will experience periods of profitability, consolidation and drawdown.
2. The strategy's historical performance has also included extended periods underwater; therefore, subscribers should be prepared for periods in which the strategy may remain below a previous equity high for a prolonged period.
3. Historical performance should not be interpreted as a guarantee or expectation of future returns.
4. Individual trades, days, weeks or months should not be used in isolation to assess the strategy.
5. Subscribers should evaluate Enigma based on its complete operating characteristics, including its return profile, drawdown behaviour, consistency and performance across different market conditions.

Key Characteristics

Proprietary research-driven methodology

Stock-specific opportunity identification

Fully rule-based execution

Equity Intraday (MIS) only

No overnight exposure

Positions closed on the same trading day

Approximately 1–2 completed trades per day on average

₹15,000 operational capital requirement

Designed for systematic deployment

Secondary growth engine within the Velmaaral ecosystem

Can be deployed independently or alongside other Velmaaral strategies

Ongoing historical validation and observation

Subject to periods of drawdown and varying market performance

No fixed daily trading frequency