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created : 2 months ago| |  live deployment: 0

Strategy description

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)

[IIFL Account opening link]Click here
[Aliceblue Referral link]: Click here

Back-testing results: No back-testing results are available for this strategy.


Telegram – Community:      
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Telegram – Channel:            >>>ClickHere<<<

 

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. 

Good past 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 results. 

Although it is fully automated trading, you're advised to monitor both the tradetron and trading accounts for any deviations.

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