created : 1 year ago| | live deployment: 2
Strategy description
Silver
Scalper BNF Type 2 is Bank Nifty Options Writing Strategy. It trades multiple scalping entries
each with 2 intraday Bank Nifty Straddle options strikes (1 Pair). It will keep
on scalping all day long. Please
deploy only on free brokerage. Not
suitable for regular brokerages. This will only be available without hedge and
separate hedge can be deployed to reduce margin. Per counter SL is Rs. 500/-.This strategy is multiple counter and reactivates after two minutes of every universal exit. So please be aware of the the risk that multiple counter strategies carry i.e. they will keep on taking trade till 3.00 PM and risk per counter is limited to Rs. 500/- (Plus minus slippages) but unlimited per day.
The manual hedge
strategy can be accessed here.
https://tradetron.tech/strategy/1152930
Capital Requirement:-
As per norms of SEBI Rs. 1,75,000/-. This is indicative figures;
please check with your broker for exact margin requirements.
First Entry :- 9.22 AM onward.
Last Entry :- 2.50 PM.
Last Exit :- 3.03 PM.
Per Counter SL :- 500
Per Counter target :- 1000
Profit Sharing:-
The Strategy doesn't have any upfront fees.
The strategy will entail 5 %
profit sharing (Free to our existing Profitmart & Compositedge Referrals ( No need to deploy this
strategy on ProfitMart or Compositedge. Only need to open account with our referral), For new referrals Free sharing shall be applicable from date of account opening). The
billing shall be done on fortnightly basis based on Tradetron High watermark Policy.
Link for opening referral account.
For ProfitMart :
https://kyc.profitmart.info:8443/onboard.aspx?type=2&branch=7242&fr=gEX444Bjt%2BFFfOTOrz1F9g%3D%3D
For Compositedge :
https://accounts.compositedge.com/dcob/#/login?source=B&id=04
Disclaimer:
I or
AlgoGuru are not SEBI registered advisors or Portfolio managers. I or AlgoGuru
is not responsible for any kind of loss occurred in above trading strategies.
All above strategies are based on Index Options Selling. If you're not aware of
losses, please read or learn about Option Selling and do not run this
strategy till you are fully aware of the risks involved.
Automated & Algo Trading:-
Good
Past performance is no guarantee of future results. It also extends to the fact
that you shouldn't discount an algo simply because it's done poorly recently as
it can revert to its usual amazing results in future. Although our algos are
100% fully automated, you're advised to keep a slant eye over the account to
monitor any significant deviation or errors.
Contact Information
Telegram (Direct): https://t.me/manishaoberoi
Telegram (Channel): https://t.me/AlgoGuru1
Twitter: @algoguru1
Email: [email protected]
Suhas Patchipulusu 8 months ago
well i have 2 suggestions whether this works or not i dont know 1) after one leg is exiting we can use dropdown stoploss at profits 500-700 with 20% and at 700+ with 10% (or) 2) after one leg is exiting why cant we enter into another trade of the same leg, if we look profit trades are less than loss trades which will give us decent profits these are just suggestions you guys can have a look these two.
Anil Dobariya 10 months ago
Good strategy but profit goes to in brokerage so give 3 star
AMIT GHARTE 10 months ago
i am giving my genuine opinion.. this strategy will hardy give any profit.. i am using IIFL broker & not talking about no of trades. i am talking about profit & loss.. i am not sure about the target but yes this strategy will hit sl on every trade forget about 1000 TG.. many times profit ranges between 300 -500 but as mentioned it has tg of 1000 so it will not book that profit else after 5 minutes it will book 500-600 loss. its a humble request to creator to modify the strategy & keep trailing sl in this strategy
Mukesh Chawla 11 months ago
I downloaded the excel data of previous days of the strategy and noticed following points through my analysis as much as possible. Because data was in non linear fashion of time, so proper analysis could not be made. 1. Overall profit of the strategy from 18th October 2021 to 15th June 2022 : 364880 on investment of 175000 2. Maximum loss on a day: Rs. 11988 3. Maximum profit it made on a day: 18860 4. No. of trades it can take per day: (did not count exactly) 30-40 or more than that The seller of the strategy is not keen on sharing any statistical data and replies just download and analyse yourself. Am I right dear seller? Please clarify if I am wrong. However your strategy has excellent scope of improvement and is capable of much more than that. But I request you to please share some proper statistical data at least. I am not asking you to share your strategy code.
CHAUDHARI SNEHAL 1 year ago
Not profit in April even though received invoice of Rs 1230 please rectify it
Sunil Kumar 1 year ago
I have opened an account in profitmart, and sent you details but you are keep on sending invoice and it shows pending. Why
Vikas H. Sadhu 1 year ago
Sir, You Say - Please deploy only on free brokerage. it means ? Which broker free for Option trading . pls tell us
ARK Prasad 1 year ago
Due to High number of trades in this strategy it appears that even with free brokerage you will have Rs 500+ as statutory charges on 100 average trades per day.. In 2049 trading days it earned Rs242903/- profit in PT. less 15% slippage comes to 242903- 36435 =206468 net profit. statutory charges for 2049 days x 500 =1,024,500 plus 5% profit share on 206468 profit = 10323/- all in all if you deploy it your loss for 2049 trading days is 1035000/-.Why on earth any one deploy this strategy?!.You better remove it.
SANKAR 1 year ago
very poor ,, all r fake
SK Goyal 1 year ago
I am observing since last 3 days. Appears to be good strategy at Zero brokerage. However as daily risk is unlimited, can you share back testing report for one year.
Ajay Singh 1 year ago
Good strategy, numerous trades, almost 20 per day, as already mentioned in the description. I have zero brokerage plan, so not an issue. Due to slippages, I am getting 60-70% of the PnL as mentioned in the Statistics table above. That's fine with me.
VALA BHARATKUMAR RAMBHAI 1 year ago
reviewing after 3 day use of this strategy. ... I did very deep detail analysis of this stretagy. ... Normal days it take around 100 order per days so its applicable only on zero brokerage, like finvasia and kotak securities. ... slippage almost zero in fivasia because it take order at different time for different deployers. ... your real pnl and paper trading pnl far different in this strategy, on 7 January12noon I was almost 5k profit in real account but at same time paper trading shows loss around 100 rupee. yes its true. sometimes its in favour of you and sometimes it against u. so no way to blame creator. ... I m using 4000 point bank nifty mis manual hedge and it reduce capital requirement to only 1 lakh but 125000 safe enough with hedge. if banknifty moves more than 1000 point then you need to adjust your hedge. .. in long run this stretagy can give you 1000 daily profit. .. it deserve 5 star.
Hiren rathod 1 year ago
Good strategy
PRADEEP Kumar Shivapur 1 year ago
may i try to understand of how many average number of counters per day that this strategy takes?
Yogesh Kukadia 1 year ago
I could find it risky as number of trade is little more than expected.