created : 2 months ago| | live deployment: 0
GSA BNF LOOP à Can be used with all brokers
This is a Banknifty options writing strategy which adjust itself basis the dynamic market situation. The strategy is configured for auto reactivation at half hour intervals. Max number of counters in a day can go upto 5. This strategy trades in 3 lots of call and put option at start of the day.
(For reducing the capital requirement, you can deploy the BNF hedges strategy separately via this link)
Entry: Entry is executed at 9:17 AM (No manual intervention in this strategy is recommended, however after 2 profit continuous profit counters in a day you can pause the same and resume on next day)
Target: INR 3000 has been set for each counter. After booking strategy will again take position after half hr.
Stop loss: INR 3,000/- per multiplier per counter. (Can vary in range of +/ - 10% due to high volatility, Delay in order execution etc).
Exit: Strategy exit has been configured at 15.00.
Capital requirement: 4.5 Lakh [+ 25K margin buffer].
(This is the capital requirement before considering the hedge benefit. With hedges strategy the capital requirement will reduce to 2.5 Lakhs)
Fees: Strategy being the one from Bluechip bucket carries Fixed of INR 1000 + Variable fee of 10% on gross profits.
(To get discounted Fixed fee (100%) + Variable fee (50%), Open IIFL account under us and fill the details in the attached form after account activation)
Back-testing results: No back-testing results are available for this strategy.
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Disclaimer: Trading is
inherently risky and the subscribers should bear complete responsibility for
the outcome of trading and decisions you make including loss of capital. We are
not SEBI registered advisor / creator so kindly contact your financial advisor or
do your own research before subscribing to this strategy.
performance is no guarantee of future results. It also extends to the fact
- don't reduce your investment/multiplier simply just because of poor
performance, In future - it can improve back to its usual amazing
Although it is fully automated trading, you're advised to monitor both the tradetron and trading accounts for any deviations.