created : 1 year ago| | live deployment: 0
Bank Nifty Boost Mini - Includes far OTM buying (Check with your broker first before deploying)
This is a bank nifty options writing intraday strategy along with the OTM Hedges. The strategy is the blend of Straddle and strangle and tries to tackle directional and sideway markets. What makes this strategy more interesting and attractive is the smart adjustments it carries out to conquer the zig zag markets. This strategy takes 10 lots of call and put spread across various strikes based on pre-defined parameters.
Entry: It buys OTM hedge at 09:19 AM and shorts actual positions after that. (It should be noted that due to huge lot sizing, Entry post 10 AM is not recommended. In case you have taken a manual exit, be done for the day rather than taking a re-entry)
Target: Target profit is defined at 1% of capital requirement (~ INR 10,000/- per multiplier). (Can vary in range of +/ - 10% due to high volatility, Delay in order execution etc).
Capital Protection: Stop loss is defined at 1.5% of capital requirement ( ~ INR 15,000/- per multiplier). (Can vary in range of +/ - 10% due to high volatility, Delay in order execution etc).
Exit: Strategy exit has been configured at 14.55 for the short legs and 15.00 for OTM hedges
Capital requirement: ~ INR 10 Lakhs (Additionally it is suggested to keep INR 1.5 Lakhs buffer margin). (This is the capital requirement after considering the hedge benefit)
Fees: Only variable fee of 5% on gross profits.
To get discount on variable fee (50%), Open IIFL account under us and fill the details in the attached form after account activation
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.