Strategy description

IMPORTANT DECLARATION:

·        Ensuring Success is not SEBI REGISTERED ADVISOR and we do not advertise this algo as HIGH PROFIT algo or ZERO LOSS algo.

·        First, monitor the algo using Live Auto shared code for minimum 12 weeks, understand the risk associated with it, and if it meets your risk profile, then only after consulting your SEBI Registered Financial Advisor, decide to go live with it on your broker terminal.

·        Option trading is 100 % risky, you should deploy this strategy only if you have complete understanding of option buying/trading else better to avoid it.

·        We don't market or promote this Algo as Holy Grail. It will for sure suffer losses on days, so be mentally & financially prepared for drawdowns.

Strategy Description:

Vrinda is an Option buying strategy on expiry days. It buys weekly Index options like Midcap Nifty, Fin nifty, Bank Nifty & Nifty on their expiry days Monday, Tuesday, Wednesday & Thursday respectively. This strategy takes position in LONG STRADDLE or LONG STRANGLE based on defined logics and wait for the market to go directional to book profit in one leg and loss in another leg. Days when market plays sideways, both legs will incur loss (controlled as we have SL defined). On any given day it will take single entry in LONG STRADDLE or LONG STRANGLE. 

Strategy is designed to keep the RISK for a Trade within 5% of the strategy capital in general market conditions, however sometimes DUE TO SLIPPAGE, the RISK per trade might exceed up to 7% of the strategy capital.

RISK IS INTEGRAL PART of Trading & every trade has potential to convert into LOSS. As a TRADER, while doing option buying, we must CONTROL OUR LOSS on loosing trades, and exit quickly on achieving the target.

Strategy prepares itself for the worst and strictly follows risk management principles. It has in built risk management & position sizing logic, hence based on risk calculation strategy will decide the number of lots it wants to trade in, by keeping risk between 5% -7% of strategy capital / Trade. Higher the risk, lesser will be the position size.

·        Capital Required: Rs. 30,000

·        Live Auto Shared Code: - ede5ba55-5411-470d-826f-6fe7e3254782

·        Order Type:  NRML Order

·        Entry: Post 10:15 am

·        Universal Exit: 3:00 pm

·        # Trades Per Month: Approx. 16

·        TSL Activation: No 

              ·        Partial Profit Booking: No

              ·        Fixed Profit Target: Yes

              ·        Stop Loss – Up to 7% of strategy capital / trade

REMEMBER: SL & Targets depends on individual’s risk appetite. Best SL & best target is always as per individual’s emotion. When you start feeling uncomfortable with the loss on screen, that is your SL and when you start feeling fear of losing the profit on screen, that is your target.

*** Please fill up and submit the Google Form (subscription request form) for using this strategy in Live Deployment. Your subscription will get terminated in case we do not receive your google form (subscription request form) within 5 days of strategy deployment in LIVE AUTO mode. (email us to get the google form link or join us on telegram channel to get the form link) ***

 Ways to Connect with us:

            Telegram: Telegram Channel Link in our profile section

             Email: [email protected]

What to Do once you put it in Live Auto

1. Be Patient. Allow the strategy to work.
2. Recommended Multiplier is 1x. Get your eyes and mind comfortable with the SLs in max 1 multiplier by running it for few months.
3. You can however exit the strategy if you like the profits you have made (but DO NOT reactive it on same day).