created : 9 months ago| | live deployment: 0
The strategy takes daily BANK NIFTY INTRADAY Position
- Entry every day morning in between 9.15-9.45 AM
- Strategy Exit before 3.10 PM everyday
- It works great with most of the brokers, as it will always Sell ATM Strikes.
- It is a Non directional Strategy Selling BANK Nifty ATM CALL n Put Options and manage/adjustments as per market conditions
- It will take deep OTM Strikes for HEDGES to reduce margin and you need to check with your broker & make sure FAR OTM strikes are allowed
- IIFL and few other brokers allow FAR OTM strikes. Zerodha & many other brokers do have issues with FAR OTM so pls make sure if your broker allows 2500 points FAR OTM strikes
- Strategy starts another counter after EXIT of running counter. It can take 1-3 counters depend on market.
- Please do paper-trade for few weeks / months and understand how it works / performs before going LIVE
RISK / REWARD
- The max drawdown has been 20% on the capital required, historically.
- Please make sure you earn at least 20% on your capital, for every 1X increase in your Multiplier
- DONOT increase multiplier looking at the results, as you need to save your capital in case of drawdowns
- If you don't follow the above Rule, you'll surely face problems at some time in future
- There is Hard Stop Loss of RS 10K per counter in this strategy and it will do Adjustments to manage strategy
- It has a target of RS 5.5K per counter, Historically we have seen 3 continuous profitable counters in a day, multiple times.
THINGS NOT TO DO
- Please don't change the multiplier during the day.
- The only time you should increase / decrease your X Multiplier is when you deploy strategy LIVE in your account for at least 1 month and you become comfortable.
- If you change your multiplier regularly than you WILL incur losses.
- Don’t do any manual intervention.
- Follow RULES
This strategy is absolutely FREE to use for those who have opened Trading a/c in IIFL with my reference and trading in that account.
- Test the strategy on 1X on paper trade
- Or deploy on real account for 1 to 2 months and see how it works for you.
- You can open account in IIFL with my reference with below code to enjoy this strategy for FREE
1. For those who is not trading with my reference broking account , will have to pay 10% profit sharing
4. IIFL ACCOUNT OPENING LINK –
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