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created : 2 years ago| | live deployment: 23
Strategy description
Strategy in Brief:
Intraday Nifty & BNF Straddle, with dynamic adjustments. Goes directional if needed.
Entry: After 9:16 am
Exit: 2:58 pm, or on target or on SL or on TSL
Single counter strategy, don't reactivate on the same day once it exits.
How it Works
- This is an entirely intraday strategy, and you should keep patience with the positions taken and allow the positions to play and eat theta.
- The strategy has a fixed SL as a % of entry price per leg. This number is determined by back test to have the best possible return for you.
- The strategy makes money from theta decay and incase of a trending market, it might make money from a directional move as well, mostly when there is a breakout in Intraday.
What to Do
- We recommend you put this strategy in TT Paper Trade for the first week, this will help you build patience required for sticking to the strategy.
- Be Patient. Allow the strategy to work. It only takes position once a day, adjustments are made with SL and exits the position by end of the day.
- The strategy will not be redeployed if SL is hit on both sides due to choppy markets.
- Recommended Multiplier is 1x to 5x.
- You can however exit the strategy if you like the profits you have made. However, we recommend you eat theta with us.
What Not to Do
- Don't trade this strategy inconsistently. You need to give it at least 2 weeks in live before deciding if it is useful for you or not.
- Don't Panic, this strategy analyzes trade parameters every 1m, 3m and 5m before deciding the move. The objective is the remove the noise and remain in position and earn theta
Disclaimer: Strategy One is not a SEBI-registered advisor. We are not liable for any losses as a result of using this strategy. Please consult with your Financial Advisor before Trading. We strongly recommend to paper trade the strategy for at least a fortnight before deploying it live.
