created : 1 year ago| | live deployment: 1
Strategy description
Strategy description
ARUNDHATHI is an intraday and overnight option algorithm on Bank Nifty.
It takes Maximum 3 trades per day.
1st trade entry at 930 and exit by 1300 hrs
2nd trade entry at 1310 and exit by 1506 hrs
3rd is overnight trade, entry after 1515 and exit next trading day 925 am.
Thursday there is no overnight trade.
1st and 2nd trades are short straddle or strangle with one lot on each leg.
Overnight trade is having one lot of long call and two lots of short call (or one lot of long put and two lots of short puts). Overnight trade is programmed to take position based on trend. The program is to take advantage of gaps towards the expected trend.
Risks on overnight trade: There is gap risk, in case the market open against the plan. Back testing shows maximum risk of 7000 rupees. Maximum profit by back testing is 18000 rupees. There is no MTM stop loss for overnight trade.
CAPITAL
Rs 180000 is the required capital. You can check with your broker what leverage they provide for intraday option writing and compute the capital requirement accordingly. We also suggest an MTM buffer equivalent to 20000 rupees for 1x multiplier
Stop Loss: Intraday trades, there is stop loss for individual legs provided, in addition to MTM stop loss of 1500 rupees per trade.
My own trade performance is given at this link: https://sites.google.com/view/saptharishi-algo/trade-records/arundhathi?authuser=0
PRICING
There is no upfront fee for our algorithm.
The algorithm has a 10% profit sharing billed monthly on the gross PnL recorded by the TT deployment page. The profit sharing will be calculated as cumulative gross profit across all our strategies.
CONTACT
Mob: 9820972015
Email: saptharishi.algo@gmail.com
Telegram Channel: https://t.me/saptharishi_algo
Krishna Sahadevan 3 months ago
I have subscribed to Arundhati - Saptarishi Algo strategy from May 2022 and has done a trial with 1x in the month. Since the trial went well, increased the volume to 10x In June 2022. The market was too volatile and even in this volatile market, i have earned 3.35% gross margin and 3% net margin in a month. If i could have deposited in FD or Post office, the yield could have been a maximum of 6.5% whereas Arundhati has yielded 36% net profit. Also the time you need to spend is too less. Morning 5 minutes to set up and then my intervention is required only if there is any error, it need to be executed. I am very happy to be a part of Saptharishi Algo- Arundhati strategy and suggest to others that this is a great platform to grow your income
sobitharajan N p 3 months ago
I was live trading Arundhati for the past one month. Even though market was highly volatile, I came with positive returns. I am happy with saptharishi algo.
Nila Velayudhan 5 months ago
I was running this strategy for quite some time. My gross profit was above 50% on my capital. My effort is just to log on only. My return respect to bank interest is extremely good. I am a happy user.
Vinitha Velayudhan 5 months ago
I was running this strategy for almost one year. My annualized gross profit was above 50% on my investment .Out of 1 year only 2 months, I had losing trades. Maximum loss for one month was below rs 5000. Compared to the bank interest, I received quite a good return on my investments.
Capt. Velayudhan C P 6 months ago
I was running this strategy from March 2021 till now. My daily log shows an annualised gross profit of 53.4%. Annualised net profit (after reducing brokerage and other charges) for 8 x multiplier provided 37%. Past one year the market gyrated from lowest vix of 10 to highest vix of 34. Such high volatile market this strategy provided extremely good profit. Out of 13 months of trade, 11 months Arundhahi provided good positive returns. Below are the losing months with monthly loss for 1x multiplier. Sep 21 rs 2923; Jan 22 rs 5402 Compared to the bank interest rate of 7%; Vasishta provided excellent returns with minimum effort.