created : 3 months ago| | live deployment: 27
Strategy description
BankNifty Cocktail Strategy Overview
The BankNifty Cocktail strategy combines multiple BankNifty strategies to operate on BankNifty monthly options contracts. To manage risk, each short leg in the strategy is supported by a strict out-of-the-money (OTM) hedge for overnight positions. This strategy operates as a single counter each month, but users may join the strategy at any point in the month.
- Start Time: After 9:20 AM
- Exit Time: 2:48 PM on monthly BankNifty expiry
- Capital Requirement: ₹350,000/X
- Target: Not applicable
- Stop Loss: Not applicable
- Trailing Stop Loss (TSL): Not applicable
- Drawdown: Expected 10%
- Average Trades: ~400/month
- Overnight Capital Usage: ₹150,000/X
- Maximum Overnight Risk: ₹15,000/X
- Shared Code: e6440f3a-9491-4399-b37f-c98fcbc28cdc
User Responsibilities
Capital Buffer: Users are encouraged to maintain 5-10% additional capital over the recommended amount, as capital requirements may increase, especially on high-volatility days. Proper capital maintenance and generating a token between 8:30 AM to 9 AM typically ensure smooth execution in most cases.
Error Notifications: If a live deployment encounters an issue, users will receive notifications via WhatsApp or Tradetron. Please check the notification log in the deployment and address any issues promptly. If you’re unable to resolve an error, contact us through our Telegram group or personal Telegram ID provided above.
Algo Awareness for Users
In Tradetron, although the strategy logic is consistent, outcomes may vary based on each user's entry strike and entry price. For example, if one user enters at 300 and another at 305, adjustments may differ, and day-end results may vary accordingly. Over time, these differences generally even out across users.
To manage costs effectively, users are encouraged to consider low-cost or zero-brokerage brokers. For further guidance on optimizing costs, please feel free to contact us. Additionally, selecting a reliable broker with stable API performance can help minimize execution issues; we’re happy to provide feedback based on our experience.
Disclaimer
Market Star is not a SEBI-registered advisor. Although this strategy is designed carefully based on observed market conditions, it does not guarantee specific ROI or results. Before deploying the strategy, consult a qualified investment advisor. Option trading involves substantial risk, and this strategy is best suited for those with a clear understanding of option selling and trading.
