Strategy description

INDEX INTRADAY KING

The Index Intraday King trades in 3 indices. Nifty on Nifty expiry Sensex on Sensex expiry day, other 3 days of the week BankNifty. It trades multiple pairs of each indices and adjusts accordingly. Strategy works best during range bound day and directional days. Strategy struggles on premium spiking and multiple sharp revrsals days.

Strategy Details

1. Start Time: 9:18 to 9:30 AM
2. Exit Time: 3:10 PM
3. Capital Requirement: ₹8,00,000 per multiplier (X)
4. Target: ₹10,000/16,000 per multiplier (X)
5. Stop Loss: ₹8,000 per multiplier (X)
6. Trailing Stop Loss (TSL): NA
7. Drawdown: Managed at approximately 6%
8. Average Trades: ~350 per month
9. Maximum Open Positions: 6/12
10. Shared Code: 13b9f621-8a25-4d6f-b114-823867742690

User Responsibilities

1. Capital Buffer:
   Users are advised to maintain an additional 5-10% of the recommended capital to manage potential requirements, particularly during high-volatility days (e.g., rising VIX days). Ensuring adequate capital and generating a token between 8:30 AM and 9:00 AM helps facilitate smooth execution.

2. Error Management:
   In case of deployment errors, users will be notified via WhatsApp or a call from Tradetron. Check the notification log in the deployment for details and promptly address any issues. Support is available via the designated Telegram group if further assistance is required.

Algo Awareness for Users

While the strategy logic is consistent in Tradetron, individual outcomes may vary depending on factors such as entry strike and price. For instance, if one user enters a position at 300 and another at 305, their adjustments and results for the day might differ slightly. However, over an extended period, these differences tend to balance out.

To manage costs effectively, users can consider brokers offering low or zero brokerage fees. Additionally, selecting brokers with reliable APIs can help minimize execution issues. For further advice on broker selection or managing brokerage expenses, feel free to reach out.

Disclaimer

Market Star is not a SEBI-registered advisor. This strategy has been rigorously tested; however, it does not guarantee any specific financial outcomes. Option trading carries inherent risks, and this strategy is suitable only for individuals who have a thorough understanding of option selling and trading. Before implementing this strategy live, it is strongly recommended to consult with a qualified financial advisor.