Strategy description

⭐ BANKNIFTY - MOMENTUM TRADING 2.0 ⭐

Live Shared Code (Verify Actual Trades Punched in Broker Terminal)

69e8076f-d561-4be9-9981-ea6d91a22b50

STRATEGY DESCRIPTION

BANKNIFTY—MOMENTUM TRADING 2.0 is an intraday option buying strategy with Bank Nifty as the underlying. It’s a medium-frequency scalper, taking 05 to 10 trades a day.

BASIC INFORMATION:

1. Required Capital: 30K for 1X
2. Start entry time: 9:20 AM
3. Entry cut off: 2:45 PM
4. Profit booking: Dynamic 
5. Stop loss: Fixed 
6. Average numbers of trades per day: 5-10 
7. Reactivation Time: 10 Mins

 BEFORE GOING FOR LIVE DEPLOYMENT

1. PAPER TRADE for a few days (at least a week) and understand the dynamics. 

Take your time and analyze the results for a few days before opting for live trading. 

Don't fall for instant gratification.

2. NO MANUAL INTERVENTION: Once you decide to deploy, make it a point not to interfere manually even if there is a loss. Don't use your discretion.

Deploy only when you start trusting the strategies after paper trading.

3. MULTIPLIER: Don't increase/decrease the multiplier based on profits/losses. Keep it constant for at least a week. 

Else you might make losses on higher multipliers and profits on lower ones.

4. STICK TO THE STRATEGY FOR AT LEAST 3 MONTHS: Don't quickly discard any strategy. It's not a quick-rich scheme. It would help if you accepted losses as well. Many people delete the deployments if they suffer a loss on the first day. This is not the right way of systematic trading. 

5. INTRADAY DEPLOYMENT AND CHANGES: Don't make any changes during trading hours eg: changing multiplier, pausing/reactivating, etc.

Profit booking based on trend and volatility of market moves.

Trades may not execute every day & sometimes many trades may execute in a day. 

Trades will execute purely on a technical parameter basis.

* * * RISK DISCLAIMER * * * 

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All investment strategies and investments involve the risk of loss. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your loss exposure. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk. 

F&O trading is subject to market, or systematic, risk. This is because there is no way to predict what will happen in the future or whether a given asset/capital/fund will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is risk-free.

ALGO Trading is not a money machine, it is helpful to avoid emotions, follow rules, money management, and do quick trade executions in multiple accounts. There will be downsides as well as upsides only need to stick with the strategy. In ALGO Trading there may be slippage, an error in the terminal, or any technical issue. It is 100% fully automated trading closely monitored by the strategy creator. However, you are advised to keep an eye on the account to monitor any significant deviation. 

We are not a SEBI Registered Analyst. No claims, rights reserved. We are not responsible for your profit or loss. 

Please Consult Your Financial advisor before using this ALGO strategy.   

***• For more information, you can contact me on telegram (by visiting my Tradetron Profile)..............