created : 4 months ago| | live deployment: 0
The "Weekly deals in NIFTY" strategy is a simple but powerful strategy that trades weekly expiry options. There is a risk of overnight surprises.
This is good for those who wanted an excellent income but are emotionally resilient and do not intervene with the algo.
The total capital required is 200K, which is at the higher end for two lots Nifty Options. After deployment please wait for the algo to take the trade based on the market conditions.
Only 1X [2lots Nifty] is allowed at this moment, to protect retailers interest.
TRADES ARE TAKEN EXCEPT THE WEEKLY EXPIRY DAY, which means expiry day is a no trade day for this strategy. Considering the experiences we have found that expiry day does a lot of profit erosion and the ends up in added losses.
Backtest results from Tradetron:
Private Telegram Channel for sharing updates / information - https://t.me/+FH9-cGgnsalhZmM5
Subscribers who deployed the strategy have to handle any errors from order execution due to broker / tradetron issues. There will be no technical support provided. Slippages are real and it cannot be avoided, hence its part of the outcome.
Recommended to use brokers like Finvasia, as there will be more number of trades in this strategy. We are not agents/associates of any brokers, so broker selection is the discretion of the subscriber. Finvasia is mentioned only because we have real experience of less cost trading with this strategy.
Disclaimer : We are not SEBI registered advisers and we are not committed to give any financial guarantees regarding this strategy. Deployment to this strategy is completely voluntary and all profits / losses are taken at the subscribers discretion.
There is a risk of loss in trading in securities (cash or futures or options) which you should be aware of prior to making an trading decision, including the possible loss of principal. There have been no promises, guarantees or warranties suggesting that any trading based on any information, will result in a profit or will not result in a loss. This Algorithm or its contributors make no representation regarding the suitability of a particular trading strategy. You are responsible for all trading decisions you make including understanding the risks involved, even if it is based on this algorithm. Therefore, before taking any financial decision you are requested to consult with a financial expert.