created : 2 weeks ago| | live deployment: 8
Strategy description
Crude Sureshot Earner Overview
The Crude Sureshot Earner is an intraday strategy designed for option selling. It starts with a strangle position, transitions into a straddle based on market direction, and may adjust further depending on the trend.
Strategy Details
- Start Time: After 3:30 AM
- Exit Time: 11:20 PM on monthly BankNifty expiry days
- Capital Requirement: ₹550,000 per multiplier (X)
- Target: Not applicable
- Stop Loss: ₹3,000
- Trailing Stop Loss (TSL): Not applicable
- Drawdown: Managed at approximately 3%
- Average Trades: ~150 per month
- Shared Code:
80167cdd-ec69-4dfe-9fab-b4dfb49991d3
User Responsibilities
Capital Buffer:
- Maintain an additional 5-10% of the recommended capital to accommodate fluctuations, especially during high-volatility days.
- Ensure tokens are generated between 8:30 AM and 9:00 AM for smooth execution.
Error Notifications:
- In case of execution issues, users will receive notifications via WhatsApp or Tradetron.
- Refer to the notification log to identify and resolve issues.
- If unresolved, contact support through the Telegram group or the personal Telegram ID provided.
Algo Awareness for Users
While the strategy logic is consistent, outcomes may vary due to differences in entry strike and price.
- Example: One user might enter at 300 while another enters at 305, leading to variations in adjustments and daily results. Over time, these differences generally even out.
To minimize costs, use low-cost or zero-brokerage brokers.
Opt for brokers with reliable API connectivity to reduce execution issues.
For advice on broker selection or cost optimization, feel free to reach out.
Disclaimer
Market Star is not a SEBI-registered advisor. This strategy is based on observed market conditions but does not guarantee specific financial outcomes.
- Consult a qualified investment advisor before deploying this strategy.
- Option trading involves significant risks and is recommended only for individuals with a thorough understanding of option selling and trading.
Subscribers
