created : 3 months ago| | live deployment: 8
Strategy description
Get Set Nifty – Multiplier:
Nifty multiplier is an intraday strategy to take maximum benefit from intraday time decay (THETHA). This strategy is designed in such a way that it will be able to handle sharp rise in volatility (VEGA) and to generate a consistent average monthly return of 10% to 15% on capital deployed.
As someone has rightly said, “Return of capital is more important than Return on capital”. This strategy overrides the human emotions to achieve consistent returns through following pre-defined rules of trading:
Rule No.1: To ensure capital protection
Rule No.2: Consistent returns
Rule No.3: Always follow strict stop loss
Rule No.4: Trading basis the sound methodology based on past facts is worth the chance.
Rule No.5: Don’t forget the above Rules.
Position Taken: It daily sell position @ 09:30 AM in three lots of Call & Put from current week expiry. Strike price is selected based on defined parameters.
Capital Requirement: As per current intraday leverage available, Nifty multiplier requires margin approx. of INR 3 Lacs (With Zerodha). Margin requirements across brokers may differ. Users are suggested to check margin requirements with their broker for short selling three lots of Call & Put.
(Note: Capital requirement or lot size is purposefully kept on the higher side to provide cushion on highly volatile stop loss hunting days and consistent returns.)
Risk Management: This strategy smartly managed risk by defining stop loss at every leg. Considering the position size of three lots total loss per day has been restricted to INR 6K.
(Note: Stay focused on the big picture when trading. A losing trade should not surprise us; It's a part of trading. A winning trade is just one step along the path to a profitable business. It is the cumulative profits that make a difference.)
Profit targets: We have not defined any target cap on profits.
In case of any queries related with Algo trading, please reach out to us on below mentioned platforms. Always happy to help.
Instagram - @Getsetalgo
Telegram - https://t.me/GetSetAlgoCommunity
Mail - getsetalgo@gmail.com
Statistics
NIRAV VARIYA 2 weeks ago
Strategy that gives consistent returns along with effective risk management. Capital required is slightly higher but returns are also significant. One can have a huge opportunity loss in case of non-deployment of this strategy. Thanks to team Get Set Algo for this amazing strategy!
Ishwar Shivlani 3 weeks ago
Requires lot of capital but works really well, so trust the strategy and deploy!
Sunny Shivlani 3 weeks ago
Finally something thats makes money! And also has constant support from creators on telegram group!
Abhas Jain 3 weeks ago
Have started my algo trading by subscribing this strategy and it has given me more than 10% return in just 8 days. The strike rate or consistency is amazing since I have deployed it in my account (7 out of 8 trades were profitable). It is taking advantage of time decay pretty smartly by having 3 repair conditions (or SLs), making the strategy more robust in terms of Risk to Reward ratio. Margin requirement is on higher side, but returns are pretty decent. I will recommend all to go for this one.