created : 4 months ago| | live deployment: 3
Banknifty *GROOT* is a Slow and Steady Short Strangle Strategy on Banknifty at 10.35
On 1x Multiplier:
Risk: Rs 7000
Capital/Margin: Rs 98000 per Straddle (1 Lot Set) (as per Zerodha Margin Calculator)
Universe: Banknifty Options
The Actual P/L may vary dependent on Slippages, Order Executions and other factors varying from Individual to Individual.
Product Type and Square Off
This Algo trades only intraday using MIS orders and all trades are squared off by 3:16 PM.
The Algo will have maximum 1 lot Set of BankNifty short option trades open on 1x multiplier.
If you have different broker, please use their margin calculator and related information to calculate how much margin you need to keep. Please do not send us queries asking about how much margin you will need, you have to do your homework.
Automated Trading is NOT Unsupervised Trading