created : 1 year ago| | live deployment: 0
Pulaaha is an option writing algorithm on Nifty. Strategy takes 2 trades per day.
First Trade in the morning between 1000 and exit by 1505.
After exiting 1st trade, 2nd trade will take as an overnight trade .
1st Trade will be having 4 lots of nifty each of 2 short calls and 2 short put options.
Second trade will enter by 1515 and exit before 945 next trading day. Overnight trade consisting of Two lots long Nifty CE and Four lots Short Nifty CE (or Two lots long Nifty PE and Four lots Short Nifty PE )
Rs 300000 is the required capital. We also suggest maintaining a 10% margin buffer to cover maximum drawn and margin spikes.
Stop Loss: There is stop loss for individual legs provided, in addition to MTM stop loss of 2000 rupees per Intraday trade. For overnight trades there is Stop loss for individual trades provided. There is no MTM stop loss for Overnight trade. Overnight trade stop loss will activate only next day 0916.
Overnight trade has high risk due to gaps. Short legs are provided to hedge gap risk.
The backtest performance: Saptharishi Algo - Pulaaha (google.com)
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. There is no bill if profit sharing amount is below 100 rupees and maximum amount of 1000 rupees per strategy.
Saptharishi Algo suggests all subscribers to paper trade for a minimum of 1 month. Familiarize the system before going to live deployment.
Email: [email protected]
Telegram Channel: https://t.me/saptharishi_algo