created : 1 year ago| | live deployment: 5
Nifty Electro is a Slow and Steady Short Strangle Strategy on Nifty at 10.35
On 1x Multiplier:
Risk: Rs 6000
Capital/Margin: Rs 123000 per Straddle (1 Lot Set) (as per Zerodha Margin Calculator)
Universe: Nifty Options
The Actual P/L may vary dependent on Slippages, Order Executions and other factors varying from Individual to Individual.
Product Type and Square Off
This Algo trades only intraday using MIS orders and all trades are squared off by 3:23 PM.
The Algo will have maximum 1 lot Niftyshort option trades open on 1x multiplier.
If you have different broker, please use their margin calculator and related information to calculate how much margin you need to keep. Please do not send us queries asking about how much margin you will need, you have to do your homework.
Automated Trading is NOT Unsupervised 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 the Algo is 100% fully automated, you're advised to keep a slant eye over the account to monitor any significant deviation or errors.
Nifty Electro Features
A Dynamic Intraday Nifty Option Selling Strategy based on Volatility
- Sells ITM options instead of OTM
- Dynamic Strategy with Strike Selection based on Volatility
- More premiums as compared to OTM Strategies
- Win rate is greater than 70%
- In last 24 Months ( Jan 2020- Nov 2021), only 1 Month has seem a -ve return of 2% Approx
- Average Monthly P/L - 10500 , Almost 8% ROI per month