Strategy description

Strategy: NIFTY SCALPER

Overview

NIFTY SCALPER ADVANCED is a strategy for NIFTY weekly options. It operates on specific conditions with a focus on option selling, paired with a hedge for risk management.

• Entry Time: After 9:15 AM, based on conditions (not time-based).
• Exit Time: 3:20 PM or earlier if conditions are met.
• Capital Requirement: ₹50,000 per multiplier (X).
• Max Daily Loss: NIL
• Drawdown Consideration: Estimated to be around 10%, subject to market conditions.
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Stop Loss and Trailing Stop Loss

• Stop Loss: NIL
• Trailing Stop Loss: NIL
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User Responsibility

• Capital Buffer: It is recommended to maintain 10% (₹10,000 for optimal use) additional capital over the required amount to manage fluctuations, particularly during high VIX (volatility index) periods. Ensuring proper capital maintenance and generating tokens between 8:30 AM to 9:00 AM can help in smoother execution.

• Error Management: In the event of deployment errors, notifications will be sent via SMS, WhatsApp, or call. Users should review the deployment’s notification log to promptly identify and address issues. If assistance is needed, support is available through the designated Telegram group.

• IMPORTANT SETTING: Ensure the "On Error Setting to Exit the Strategy" option is enabled on the deployed page for risk management.

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User Awareness

The strategy logic is fixed, but execution outcomes may vary due to differences in entry prices or execution times. For instance, one user may enter at a strike price of 300, while another may enter at 350, depending on execution timing and broker performance. As a result, adjustments and outcomes may differ.

For efficient execution, consider using a low-cost or zero-brokerage broker. Reliable API connectivity is also crucial to minimize execution issues. Feedback on broker selection and cost optimization can be provided.

Disclaimer

We are not SEBI-registered advisors. This strategy has been developed after thorough testing; however, it does not offer any assurances or claims about potential outcomes. Option trading carries significant risk and is recommended only for those with sufficient knowledge and understanding of option selling and trading. Users should consult a qualified investment advisor before live deployment.

Exchanges: NFO

Capital Required

• ₹50,000 per multiplier (1X).

Monthly Fee

• Free + 30.00%.