Strategy description

Strategy description

Update on 1/07/2023

No MAX Profit 

Stop Loss  Set Level @ Rs 2000 .

Update on  1/07/2023:

This how the profits will be booked:

1. If we are in profit and we touch any resistance or support and do not cross it but close below it system will book profit 

2. Sceanerio1 but we close above and if there is no trend change we continue without booking profit till trend changing signal comes or we touch Rs 5 k / lot

3. On the downside if mkt is moving against us system will exit loss only when it closes below any support or resistance and it sees there is a trend change or if loss is 5k / lot

Update on Jul 17th 2023:

1. We have now introduced into this strategy the feature to take weekly options either Nifty Call or Put  after 0930 hrs which was a huge success in our backtest.

Start Time: 9:30

End Time: 15:20

Intraday Only

Order Type: Nrml

Max target profit: Rs 5000/-

set Loss: Rs 2000/-

Strategy win rate is 54%. 

Max Drawdown is 15-20%.

Monthly Return > 36%

Jul 9th 2023: Nifty weekly option buying strategy. Unlimited as no profit or no SL. System code is built in to take care of SL and Profit. We believe we dont need to place SL as number to avoid SL hunting and hence we coded the conditions as when to exit into the system. All the signals are generated from our algo trading system . We urge all people to paper test  and then decide for themselves as we could not publish  Back Test results. This strategy is free for a limited period of time. 

Since it is a buying strategy the drawdown can be high at times as such funds should be maintained in the account. Minimum recommended amount is 25 k for 1x multiplier. Always maintain a suitable  buffer amount in the account.

Do not reactivate strategy manually during the day after loss or profit. If there is an error on any day please refrain from trading that day.

Although the algo takes care of the entry, exit, and adjustments, you are advised to keep an eye on the account to watch for any errors which could be due to margin shortage or technical issues etc. 

 Deploy on Live Offline Trading till you are Comfortable with strategy. For any query you can contact us. As we found many comments on marketplace by subscribers after facing draw down, so if you don't have patience and idea about Algo Trading , please don't subscribe this strategy.

Risk Disclaimer:-

Algo Trading does not mean a money making machine, it is helpful to avoid emotions, follow rules, money management and quick trade executions. There will be downside as well as upside . You  only need to stay stick with strategy. In Algo Trading there may be slippage, error in terminal or any technical issue. It is 100% fully automated trading, you are advised to keep a watch over the account to monitor any significant deviation.