created : 1 week ago| | live deployment: 3
created : 1 week ago | live deployment: 3
MCX Intraday Crude Option Buying Lite 0915 to 2330 hrs
by: The Alchemist
Strategy description
Fully Automated Options Buying Strategy
This strategy is designed to simplify decision-making and maximize efficiency through full automation of key processes such as entry, exit, target protection, Here's how it works:
Strategy Details
- Start Time: The strategy begins at 3:30 AM every trading day.
- Automation: All steps—entry, exit, target protection —are fully automated.
- Target Lock:
- Once the target reaches ₹1,000, the system ensures a lock, even if the market turns against the position.
- For every additional ₹1,000 in the target, the exit point adjusts to lock in the target:
- At ₹2,000 target, the system locks ₹1,000.
- At ₹3,000 target, it locks ₹2,000, and so on.
- Maximum Loss: The highest possible loss per counter is limited to ₹2,000. If this loss is reached, the system will automatically exit the position. A new counter can only start after 6 hours from the latest exit.
Benefits
- Better control over trades.
- Reduced risk through automatic stop-loss.
Disclaimer
This strategy operates fully automatically based on predetermined rules. While the system is designed to help manage trades, no guarantees regarding targets or performance are made. Past performance is not indicative of future results. Trading involves inherent risks, and it is important to fully understand these risks before engaging with the strategy.