Strategy description

STRATEGY: BANKNIFTY BHRAMASTRA (OPTION BUYING)

Overview:
This is a BankNifty Options Buying strategy that takes trades based on set entry and exit criteria.

Strategy Details:

• Entry: Trades are entered in 1 LOT on 1x in BankNifty ATM/ITM options.
• Stop Loss: 75 option points.
• Target: 150 option points.
• Max Trades per Day: 4 (average of 2 trades per day).
• 
  

Contact Us:

• Email: [email protected]
• WhatsApp: +918660904123
• Mobile: +918660904123
• 
  

Important Rules for Algo Trading on Tradetron

Daily Morning Check at 9 AM:

1. Verify successful API token renewal on the Tradetron Broker and Exchange page. If needed, regenerate the token and complete authorization.
2. Ensure sufficient funds are available in your broker account.
3. Confirm that all live deployed algorithms are set to active mode.

Entry and Exit Guidelines:

1. Use Live Auto Mode Only: Avoid the Live Auto One-Click method, as it may not align with PNL records. Switch to full live auto mode for accuracy.
2. Position Exits: Always exit positions through Tradetron, not directly from the broker terminal (exceptions apply only on days with Tradetron errors).
3. Avoid Market Hours Start: Begin your algorithms either before or after market hours to maintain consistent entries.

Getting Started:

1. Paper Trade First: Run all strategies in paper trading mode initially.
2. Transition to Live Trade: Slippages aren’t factored into paper trade results, so complete a few days of live offline trading before moving to live auto.
3. Broker Choice: Use any broker integrated with Tradetron. Check with your broker for API and brokerage fees.

Disclaimer:

All stock market investments carry a risk of capital loss. Engage in trading only if you fully understand the associated risks. If you are not aware of these risks, seek independent advice from a financial advisor. The strategies developed by AVAALGO are designed with specific parameters for trade execution, but no strategy can guarantee a 100% win rate. Stock market trading, including options trading, is inherently subject to both market and systematic risks. Market fluctuations are unpredictable, making investments inherently risky.

AVAALGO’s Algo Trading system supports disciplined, rule-based trading and provides efficient trade execution in multiple accounts. However, it is not a guarantee of profitability. Drawdowns and fluctuations will occur, and close monitoring is recommended to address any significant deviations. We are not SEBI-registered analysts and make no claims regarding specific returns. Consult a financial advisor before deploying any strategy.

General Guidelines and Information

1. Performance Variability: Past results don’t predict future outcomes. Performance may vary, and even automated strategies may require time to align with expected outcomes. Monitor your account for deviations or errors.
2. Slippage Awareness: Automated trades may experience slippage due to execution delays. Account for potential discrepancies when comparing paper trades to live auto trade results.