created : 1 year ago| |  live deployment: 11

created : 1 year ago |  live deployment: 11

Nishchit BN30 Option Buying

Strategy description

Nishchit BN30 is an intraday option buying strategy with BankNifty as underlying. It’s a medium frequency scalper taking around 10 to 13 trades a day . So strongly suggested to use Zero brokerage broker  account  to maximize profitability.


Risk Management :


1)     Per trade stoploss

2)     Day stoploss

3)     Hedge entry in case trade going against us

4)     Option price entered is optimal ( <200) , so capital used is around 6k . Even in case of unforeseen event, risk is limited .


Algo basic information :


·         Capital : 20000

·         Start Entry time: 9:30

·         Entry cut off: 2:45 

·         Profit booking: Dynamic 

·         Stoploss – Fixed 

·         Average numbers of trades per Day: 13 


How to use Algo : 


1)      Always keep multiplier as per RISK Capacity : Since option buying uses less capital to trade , there is a tendency to increase the lot size beyond risk taking capacity . Avoid trading in lots beyond the loss taking capacity .


This is the most important thing to keep in mind to trade for long term .  


2)      Error Management :


a)      Do not forget to generate token everyday .

b)     USE notification feature of tradetron i.e for new positions and error , get info via email , whatsapp , telegram , call .

c)      Keep enough capital for algo to trade .

                                      d)   Keep minimal manual intervention in trading account

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