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
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User Responsibilities

1. 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.

2. 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.

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Disclaimer

Market Star is not a SEBI-registered advisor. This strategy is based on observed market conditions but does not guarantee specific financial outcomes.

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• 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.