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created : 4 months ago| |  live deployment: 0

created : 4 months ago |  live deployment: 0

Time Bomb X

0 ratings

Strategy description

Hello,

Welcome to my Algo strategy. 


This is a delta neutral strategy which trades intraday on all days except Fridays.  It takes 10 sets of Nifty Short Straddles and adjusts the delta till the end of the day to stay delta neutral and earn through theta decay. It works well most of the days except when VIX increases by more than 3-4% intraday. 

Note: With increase in the margin, the capital required for 10 lots of short straddle is 10lakhs now. You may buy OTM options to get hedge benefit.

Max profit is not capped, let profit run until the strategy exit time. 

Max loss per day is restricted to INR. 10000/- for 1x multiplier. This strategy has to be run on 1x only, higher multiplier is disabled. 


Observe paper trade for few days to get comfort. 

Profits are booked between 2.45pm and 3.10pm.

 

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

 

Profit Sharing:

Profit sharing is 10% of the profits. If you have opened account under my referral as given below, I would waive off the profit sharing concept for you. 


My referral code:
5paisa - 5Paisa referral link 

Aliceblue - Alice Blue referral link 

  

Disclaimer: I am not SEBI registered advisor or Portfolio Manager. I do not take responsibility for any losses that might occur as a result of deploying this strategy nor do I guarantee any returns. If you are not aware of risks associated with FNO trading, you are strongly recommended to understand, analyse and then trade on FNOs.


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