

created : 2 years ago| | live deployment: 1
Strategy description
Hanky
Panky - Bank Nifty is Bank Nifty Options Writing Strategy.
This is a hedged intraday strategy. It single strangle on week days and
straddle on Thursdays (1 Pair either 1 Straddle or 1 Strangle) . To counter
direction it adjusts PE or CE as the case may be. This strategy buys far OTMs
to reduce margin. This is optimum Bank Nifty option selling algo for small
accounts looking for consistent returns with limited risk.
With
the advent of New SEBI rules, Non Hedge version which was live till 18.10.2021 made
a hedged version.
-Hedge added with far OTMs and margin requirement now at Rs. 100000/-
-The draw down and ROI figures
being shown in TT default deployment thus got updated with new capital
required.
-Planned exit by SL or Universal
exit is provided for, however manual exit sequence cannot be ensured and please
have sufficient extra margin before exit or exit in broker terminal if manual
exit is to be done without having extra required funds (exiting sold legs first
and bought later to avoid margin penalty).
The non hedged version can be
accessed here.
https://tradetron.tech/strategy/1703204
The manual hedge
strategy can be accessed here.
https://tradetron.tech/strategy/1152930
This
strategy is available totally FREE of
Profit sharing if you opt for trading the strategies with our referral account
with our partner broker ProfitMart. Open your demat trading account with
ProfitMart with our referral link as below and you will never ever be
charged again till you trade with our referral account.
https://kyc.profitmart.info:8443/onboard.aspx?type=2&branch=7242&fr=gEX444Bjt%2BFFfOTOrz1F9g%3D%3D
Please mail us your account details along with your Tradetron id details to [email protected] for marking with us as eligible for ZERO profit sharing. In case you require any further information/clarification, please do mail your queries at [email protected].
Entry: 09.21 AM to 2.30 PM depending on conditions.
Exit: 03.03 PM.
Target and Stop Loss :-
This Strategy no fixed target. It also has max stop loss of 3000.
Please keep in mind Bank Nifty is a fairy volatile index and the
ultimate results may vary minorly due to slippages and volatility.
Capital Requirement:-
As per norms of SEBI Rs. 1,00,000/-. This is indicative figures;
please check with your broker for exact margin requirements. Please also keep
sufficient buffers to avoid rejection of orders. If you get errors while
executing orders, irrespective of what is stated above (which is purely
indicative), please note that you take full care and provide for requisite
margin for the execution of 2 lots (1 pair straddle or strangle). In case of any error in execution
due to margins, we strongly recommend that you quit the positions manually and
be done for the day. Do not try to execute and retry after error has come for Margin.
This strategy can be deployed
any time of the day, but please be aware that the results may not be as
intended. Thus use abundant caution to deploy it mid day.
Profit Sharing:-
The Strategy doesn't have any upfront fees.
The strategy will entail 7.5 % profit sharing. The billing shall be
done on fortnightly basis based on Tradetron
High watermark Policy.
Special
Note: As the logic of this strategy involves multiple trades, please get comfortable
with the trading logic (by deploying it in paper trade,
watch no of trades, Adjust your expected returns expectations with additional brokerage charges,
and keep your trading account sufficiently funded for any eventuality
(like taking new position without squaring off existing one, which may result
in case of certain trades with certain brokerages)
Disclaimer:
I or
AlgoGuru are not SEBI registered advisors or Portfolio managers. I or AlgoGuru
is not responsible for any kind of loss occurred in above trading strategies.
All above strategies are based on Index Options Selling. If you're not aware of
losses, please read or learn about Option Selling and do not run this
strategy till you are fully aware of the risks involved.
Automated & Algo Trading:-
Good
Past performance is no guarantee of future results. It also extends to the fact
that you shouldn't discount an algo simply because it's done poorly recently as
it can revert to its usual amazing results in future. Although our algos are
100% fully automated, you're advised to keep a slant eye over the account to
monitor any significant deviation or errors.
Contact Information
Telegram (Direct): https://t.me/manishaoberoi
Telegram (Channel): https://t.me/AlgoGuru1
Twitter: @algoguru1
Email: [email protected]
Subscribers

Mahesh Warokar 1 year ago
There is an issue in strategy while exiting the positions. It take an additional buy trade, instead of selling. This is happening regularly since last few days. For example... check today's BNF 38000 CE positions. Please fix, if it is a genuine issue.
bharat vala 1 year ago
GOOD PERFORMANCE...
G R Linga Murthy 1 year ago
Excellent performance