Strategy description

Strategy: KING BANKNIFTY

BANK NIFTY KING is a strategy designed for trading BANKNIFTY monthly options, focusing on option selling with hedging to manage risk.

Strategy Details

• Entry Time: After 9:15 AM (based on specific conditions, not time-based)
• Exit Time: 3:20 PM or earlier if conditions are met
• Capital Requirement: ₹85,000 per multiplier (X)
• Max Daily Loss: ₹1,450 per multiplier (X)
• Drawdown: Approximately 6%
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Stop Loss and Trailing Stop Loss

• Stop Loss: ₹1,450 per multiplier (X)
• Trailing Stop Loss (TSL): ₹1,250 per multiplier (X)
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User Responsibilities

1. Capital Buffer:

   • Maintain an additional 5-10% of the required capital to account for fluctuations, particularly during high-volatility (VIX) days.
   • Generate tokens between 8:30 AM and 9:00 AM to ensure smooth execution.

2. Error Management:

   • Notifications for deployment errors will be sent via SMS, WhatsApp, or Tradetron.
   • Check the notification log in the deployment to address issues.
   • For unresolved issues, contact support through the provided Telegram group.

3. IMPORTANT SETTING:

   • Ensure the "On error setting to exit the strategy" option is enabled on the deployment page.

Algo Awareness for Users

• While the strategy logic remains constant, outcomes may vary across users due to differences in entry prices and broker execution times.

  • Example: One user may enter at a strike price of 300, while another at 350. These variations can lead to different adjustments and results.

• To optimize execution:

  • Use low-cost or zero-brokerage brokers.
  • Ensure brokers provide reliable API connectivity to minimize execution issues.
  • Contact us for feedback on broker selection and cost management.
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Disclaimer

We are not SEBI-registered advisors. This strategy is based on thorough testing but does not guarantee any specific returns.

• Consult a qualified investment advisor before deploying this strategy.
• Option trading involves substantial risk and is recommended for individuals with a thorough understanding of option selling and trading.
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Additional Details

• Exchanges: NFO
• Capital Required: ₹85,000 per multiplier (1X)
• Monthly Fee: Free + 10.00%