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created : 4 months ago| |  live deployment: 5

3 ratings

Strategy description

This is an intraday Strategy on NIFTY BANK Weekly Options. 


Entry:


It will sell intraday Near OTM Straddle options at a specified time (varies under certain conditions). 

It will also buy intraday ATM options at a specified time (varies under certain conditions).


Risk Management:


It will have three stop losses. 


  1. One is % based stop loss i.e. it will close the trade if x% of the premium is hit.  (This x is a variable based on certain conditions.)
  2. One is a time-based stop loss, i.e. It will close the trade at a specified time. So if the stop loss is not hit by the method mentioned in the above, it will act as take profit point.
  3. Volatility based stop loss.

Metrics:


This is the report from 13th March 20 from Stock Mock.



Disclaimer:


Good Past performance is no guarantee of future results. It also extends to the fact - Don't discount an investment simply because it's done poorly recently - it can improve back to its way to its usual amazing results. 


Although it is 100% fully automated trading, You're advised to keep a slant eye over the account to monitor any significant deviation. Click here to join our Telegram Channel for important updates.



Statistics

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