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created : 1 year ago| |  live deployment: 16

created : 1 year ago |  live deployment: 16

Evershine Nifty

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Strategy description

This strategy is introduced by Get Set Algo. Strategy does options selling in near ATM strikes. As per our criteria we choose Strikes in Nifty Options. The strategy works and responds to volatile moves of the market pretty quickly. Position sizing is the important feature in this strategy


Average number of Trades per Day: 10 to 16 trades


Entry & Reentry : The strategy starts at 9:16 AM. The strategy is designed to take one entry a day Whereas leg based entry and reentry happens throughout the day as and when required.  

[Manual Re-entry is not suggested after 1 PM on any day


Exit: The strategy exits at 15:10 PM. The strategy works at most type of market conditions except sharp W shaped moves


Max open position: 3 lots of call "Or" 3 lots of put at 1x. 

 

 

This strategy if used with Nifty OTM Hedge strategy then will need only 200000 Capital. Without hedge capital needed 300000. [For 1x Evershine Nifty, OTM Hedges should be deployed at 2x]

Link for OTM hedges: https://tradetron.tech/strategy/2423017


Update

18-11-2023: Expiry day setup changed due to low premium impacting expiry day performance


Disclaimer:

Trading is inherently risky and the subscribers should bear complete responsibility for the outcome of trading and decisions you make including loss of capital. We are not SEBI registered advisor / creator so kindly contact your financial advisor or do your own research before subscribing to this strategy. We have taken all the possible efforts to avoid freak trades in the market. We will not be responsible for loss caused due to freak trades, if any. Good past performance is no guarantee of future results. It also extends to the fact - don't reduce your investment/multiplier simply just because of poor performance, In future - it can improve back to its usual results.  Although it is fully automated trading, you're advised to monitor both the tradetron and trading accounts for any deviations

 

 


 

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