created : 5 months ago| | live deployment: 66
Strategy description
Please join this Telegram channel to get all my strategies Stats, Performance, updates, announcements, and stats of my Tradetron strategies
https://t.me/+ZrD1Y6uzSw5mOTI9
Very Important note Regarding Profit Sharing of 4.8% Each month's end, you will be charged 4.8% of profit sharing on gross profits you make in an Algo by Tradetron using invoices raised which you have to pay online via Tradetron only. It is important to note that this profit-sharing is non-adjustable with other Algos. Therefore, requests for adjustments requests will not be accepted and will be rejected. For example, suppose you make profits in Algo 1 and Algo 2 but incur losses in Algo 3 and Algo 4 in a given month. In that case, you will be charged 4.8% on the profits generated by Algo 1 and Algo 2, and your losses for Algo 3 and Algo 4 will be carried forward to future months until they become profitable, they won't be charged. Importantly, your losses for Algo 3 and Algo 4 will not be adjusted against the profits of Algo 1 and Algo 2. It is due to this reason that I have reduced the profit sharing rate from 7% & 15% to a flat 4.8%
Intraday Option Selling SCALPER Algo
ATM Short Straddle 1 lot in BankNifty Options Selling
Broker: Better to Use only Free broker like Finvasia or Kotak or Flattrade, or any which charge 0 Rs for brokerage
Entry timing is between 9:17 to 9:22 am in the morning
Final Exit timing 03:27 pm and 2:45 pm on expiry days
It takes 4-8 trades/day on Non-Directional Days
It takes 8-14 trades/day on Directional Days
1 trade = (buy+sell)
It Takes Only 1 counter per Day
Capital Needed is 1 Lakhs as it has inbuilt hedges
Hedged with OTM legs (15 Rs each)
Works best in Non-Directional Market. It might struggle in the directional market
NRML orders
Fixed Target of +1000 Rs Profit on each Shorted Leg
[*****Very Important******] Profit & Loss will vary from account to account in live because it is a Scalper Algo. It’s in nature of Scalper Algos, that they book Fixed Profit & Loss based on entry premium captured
Exit at 3:27 pm before market closing
HFT (High-frequency trading) Takes a good amount of trades on each Leg in the straddle
There is a MAX loss of -5100 Rs defined for a day
No MAX Profit defined on Strategy Level! It can be any Profit in a day
- Please Compare Month wise PnL and see if you are satisfied with the Algo or not. Do not panic if your PnL doesn't match Day wise with other Live accounts or Paper Trade
- R U L E TO F O L L O W S T R I C T L Y - When you deploy any Algo, be it this or any other, please use it for at least a minimum of 30 days, before taking any action like deleting or archiving it! Don't judge it too soon! unless it crosses Historic Drawdown + 5-10% Tolerance limit
30 months of Backtest results & 4 months of Paper Trade results are here https://bit.ly/3D6gP62
LIVE Shared code for my LIVE AUTO Deployment:
Account 1:
c6983b0a-cd58-4133-bc82-cede58997c85
Description:
1. It is starts paired & then later becomes unpaired. Square off the leg either CE or PE when required
2. It is only Intraday Algo, it doesn't carry the positions overnight!
3. It works superbly in Range Bound markets, as it carries the vision of the "NON-Directional" view of the market. In trending markets, it will give a loss.
4. It is best to use it along with Tvaran (50k) which is Intraday directional Algo, which will keep a balance in your portfolio!
5. This strategy may not work with brokers that restrict OTM strikes (+/- 1300 in BankNifty). Please check with your broker before deploying.
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6. I am not responsible for your loss if it happens, be sensible. First, use the algo in 1x for a month, understand it, and gain confidence. Better stay away from trading, if you are not mentally prepared for losses and don't understand Risk Management. I strongly recommend you select the below option checkbox in the error settings. Where to find this? Ask other creators or anyone on the main Tradetron group.
7. Don't Blame me for your losses, if you don't like it, don't use it. I don't market or promote this Algo as Holly Grail. It will also suffer losses some days, so be prepared.
8. Once deployed, have faith for at least 2 weeks, don't be afraid, and leave it in middle after seeing loss, else next day when you see profit, you will regret it. Use it for at least 2 weeks before judging it. And don't deploy more than you can't manage.
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My other Algos Link:
Click here for Backtest Reports
Click here for All my Tradetron Strategies
Click here for Daily Live Auto PnL Master Excel Sheet
Click here for Channel Link
Click here for Discussion Group
Click here for All Live Auto live shared code
Disclaimer: I'm not SEBI registered investment or financial advisor. Don't deploy any of my strategies based on past performance only. All the pnl we update is our own Live Auto pnl and it is for information purposes. Paper trading for a month is the best way to learn and earn a huge returns in long run. You won't become rich in the short term with any strategy.
Why Telegram channel?
1. to View all the Live auto and paper trade and past results/performance
2. to discuss with your peer traders, if an error happens.
2. discussion on Free Brokers - like Finvaisa, Kotak, etc
3, Daily token generation (if needed for your broker)
4. Charges and taxes of your brokers with others
5. discussion to help you out regarding other general issues like TT errors, pausing, Risk Management, Taxes, etc
6. and of course, strategies updates
Useful links to handle any Errors in Tradetron:
It is important for you go through below videos before you start using TradeTron platform for ALGO Trading:
How to Resolve Error Execution in TradeTron: https://youtu.be/3A87TyQCEGU
Exit on Error Settings: https://www.youtube.com/watch?v=nDHPLpW5oXU
How to resolve errors: https://qna.tradetron.tech/t/how-do-i-resolve-error-execution/28
Satya Kul 1 week ago
Dear Sir, you have mentioned the following.. 4. It is best to use it along with Tvaran (50k) which is Intraday directional Algo, which will keep a balance in your portfolio! I am unable to find this algo in tradetron. Could you please let me know where to find this ?