created : 2 months ago| | live deployment: 4
created : 2 months ago | live deployment: 4
Blissful Project: BANKNIFTY Options Buying Intraday
by: Blissful Project
Strategy description
Strategy Overview:
This strategy offers a simplified approach to BANKNIFTY Options buying. The strategy runs fully automated from 9:45 AM to 2:45 PM IST on all trading days.
Key Features of the Strategy:
- Automation: The strategy is fully automated and operates within the market hours of 9:45 AM to 2:45 PM IST.
- Broker API Activation: Ensure your broker API is activated every morning, as per Tradetron requirements, latest by 9:45 AM.
- Trade Frequency: The strategy executes 1 to 3 trades per day. Fewer trades lead to lower brokerage costs. Increase your multiplier/capital for more profitable trades.
- Capital Requirements: For BANKNIFTY monthly options (as weekly options are no longer available), one lot of 15 qty may require up to ₹20,000 at the start of the month for 1x. The recommended capital is ₹20,000 for 1x multiplier. Increase capital in multiples of ₹20,000 (e.g., 2x = ₹40,000, 3x = ₹60,000, etc.).
- Paper Trading: It is recommended to use paper trading to assess the profitability of this strategy before going live.
- Error Handling: In rare cases, if the strategy stops due to an error, simply use the 'Reactivate' option to restart the strategy.
- Fees: A nominal fee of 10% of your monthly profit will be charged. This fee is only applicable when the strategy is profitable for you.
Disclaimer:
This strategy aims to provide a hands-off approach to BANKNIFTY Options buying. However, as with all trading strategies, there are inherent risks. It is essential to fully understand how the strategy works and to conduct paper trading before deploying it in live mode. While the strategy is designed for profitability, we cannot guarantee specific outcomes. Please ensure you have sufficient capital and risk management in place before starting live trading.
Best wishes and happy trading!
