created : 1 year ago| | live deployment: 7
Gold Scalper BNF Type 2 is Bank Nifty Options Writing Strategy. It trades multiple scalping entries each with 4 intraday Bank Nifty Straddle options strikes (2 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. 1000/-.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. 1000/- (Plus minus slippages) but unlimited per day. The deployed strategy will have to be manually paused to stop trading additional counters.
The manual hedge strategy can be accessed here.
As per norms of SEBI Rs. 3,50,000/-. 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 :- 1000
Per Counter target :- 2000
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 :
For Compositedge :
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.
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Rajat misra 2 months ago
Any one here know about this strategy or used ... Who can ???
Sharath 3 months ago
Even with zero brokerage STT, transaction charges, Stamp duty + GST charges will be high in this strategy. Can anyone let me know the average charges every month who are using a free brokerage service like Shoonya, Flattrade, Kotak etc, thanks.
Manikumar Perla 9 months ago
It's a very good strategy. I'm getting positive returns every month.