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created : 1 year ago| |  live deployment: 5

Strategy description


Strategy Name: FINNIFTY Auto Adjust Expiry Trader 1.0


Strategy By: Reddaiah Reddy Mula, Founder of Wealthy Options


Strategy Description: This is Expiry day only Non-Directional strategy for FINNIFTY. It starts Expiry by Short Strangle at 9:45 am and keeps adjusting its strikes to move along with underlying FINNIFTY to capture Theta Decay throughout the day. Exit time at 3:25 pm.  Strategy works in range bound and small trending market conditions. It may fail in very strong trending and extremely volatile market conditions. Please note this strategy takes more trades (5 to 7 on average per expiry). I suggest to trade with 2 or more lots.   


Deviations in PNL:

All the Entry, Adjustment and Exit trades in this strategy are taken at Market price; So, there will be small difference in premiums received between difference accounts / clients and because of these differences PNL changes client to client; All the Stop Loss and Adjustment trades are mainly based on a percentage of premiums, so sometimes SL may hit for one client and may not hit for other client due to small difference in premiums and this can give significant difference in PNL at times when one compared with other clients. However, in long run all such differences will even out as that is natural process and one should accept this fact.


Monthly Subscription Fee: FREE 


Profit Sharing: 5% profit sharing per month on the PNL shown by Tradetron for individual clients. Invoices will be raised and sent to respective clients on 1st of every month and clients need to clear these invoices by 5th of every month, failing to do so such clients will be blocked to use strategy from next day of due date. In case of any losses at the end of month, loss will be carried to next month(s) and will be adjusted from profits in following months. You are expected to leave ALGO to do its job rather than manually intervening and closing trades early and such actions are not accepted unless your Algo faces any Error in execution from Tradetron end. 


Support: Please make sure you generate token every trading day before 9:15 am as that establishes connectivity between Tradetron and your Broker, and it takes only 30 seconds to do it. Whatsapp/Telegram me on 8838410023 after subscribing to this strategy, i will add your mobile number to my private Telegram group "Wealthy Options Traders" for support and live updates during market hours. 


How to configure your Trading account with Tradetron and make a start for ALGO Trading:

Subscribe to Tradetron Starter or Retail plan (or as per your choice) and make sure you chose NSE/NFO plan while subscribing to Tradetron plan. Then subscribe to one or all of my ALGOs as per your capital and diversification as per your risk appetite. If you are trading with large capital and need my advice on capital allocation for each strategy then please get in touch me in WhatsApp/Telegram on 8838410023 and am happy to provide my recommendation of capital distribution to each strategy as per your risk appetite. 


General Suggestions: Success in Systems / Algo trading mainly depends on trading with discipline and without manually intervening (unless I advise in any very rare conditions) with ALGO. Do not measure performance of strategy just by looking at 1 month performance; Trade at least for 3 months before you start measuring or questioning performance of the strategy. Please go through Drawdown, Drawdown period and then only go ahead subscribe to strategy if you are completely convinced and comfortable to trade this strategy, otherwise don’t subscribe. Best results in Systems / Algo trading are achieved if we let Algo to perform on its own for long period of time. Strategy will be evolved and improved further when needed due to any change in Market conditions or dynamics.


It is generally recommended (not mandatory) to have trading with two brokers if you are trading with sizeable capital as that would help in taking counter trade in other trading account in case of any technical glitch from one or other broker. This is not only for Algo trading but in general it is a good risk management approach for the clients trading with bigger capital.


Disclaimer: I am not a SEBI registered investment, trading or financial advisor. Don't deploy my strategies based on past performance only, please go through all the details mentioned above and make your decision accordingly. I am not responsible for your profits or losses. Although this strategy is fully automated, you are advised to keep a track on your account to monitor any deviations or errors due to any Technical glitches from Broker or Tradetron end. Options trading involves market risks, please consult your financial advisor before investing. 

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