Strategy description

About the Strategy:

Idea formation: These days, there is chaos going around in option sellers due to lower premiums and increase in reversals in market. So there was a need of a smart strategy that derives its alpha from smart selection of direction rather than mathematical adjustments. Some section of traders also show interest in less trades strategies. That gave us idea for this strategy - just one trade but smart trade. And once entered stick to it.

Just one trade a day(BANKNIFTY). Thats it...!

No Re-Entry. 

We are known for our equity strategies that rely a lot on proper direction prediction through technical analysis modeling. This strategy works on same lines. Our model will try to predict the direction and will either sell 2 lots of BANKNIFTY CE or 2 lots of PE or one each of CE and PE based on the decision arrived by direction prediction model. Once entry is taken, it will exit strategy based on exit condition or day end. There is no reentry in this strategy  

It is purely an intraday strategy to avoid overnight risk of selling options.

Note:  Being a directional strategy, so you will feel the urge to take manual actions as pnl may swing throughout the day. Keep your trading psychology calm. If your trading style doesn't suit such movements, then better to stick to our "Tortoise" strategies.

If you have huge capital and have capacity to deploy more, you should diversify some into other strategies from us or other creators for further diversification after thorough due diligence. Dont put all eggs in one basket.

Some Details:

Entry Time                        :    9:20

Exit time                           :    15:08 for universal exit.

Inbuilt Hedges                 :     Yes

Broker Requirement:

Dont make brokers rich, Any money saved on brokerage will increase your roi. As this strategy will take very less trades so there is no stringent requirement of broker selection, but you should see that the brokerage charged by broker on hedges is less. Accordingly decide.

Deviation from deployment to deployment:  In this strategy chances of much variation from deployment to deployment is less, but not completely avoidable.

Do's and Don'ts:

1) Make sure that your account has sufficient Balance for the multiplier that you deploy as per the capital requirement mentioned. Failing which the Strategy will go into Error Execution state and Tradetron will pause condition checking for your deployment.

2) If your deployment is interrupted due to any reason like, paused the Strategy on any day or the strategy went into Error Execution on any day, make sure that the Strategy Status goes through exited status to properly reset the counter and reset the variables used in the strategy and fresh day starts with fresh variables.

Risk Disclaimer:

We are not SEBI registered analyst. Neither the Strategy Creator nor Trade-Tron is responsible for any loss to you by deploying this strategy. Please consult your Financial Advisor before Trading in Stock/Options Market. Do not deploy any emergency funds or take any over exposure that may impact you if things go wrong. Also note that Automated Trading is not unsupervised trading, you are expected to keep an eye on the trading as any technology can sometimes have limitations/errors/downtime, etc.