

created : 2 years ago| | live deployment: 6
Strategy description
Mystic
Monk is Bank
Nifty Options Writing Strategy. This is a hedged intraday strategy. It
trades one single strangle (1 Pair). It will cut one leg of strangle (Except
Thursdays) to counter direction and reclaim it back on reversals. This strategy
buys far OTMs to reduce margin. This is optimum Bank Nifty option selling algo
for small accounts looking for consistent returns with limited risk.
This
strategy is available totally FREE of
Profit sharing if you opt for trading the strategies with our referral account
with our partner broker ProfitMart. The brokerage shall be competitive (Either Rs.
10 per lot of Rs. 20 per order as opted). Open your demat trading account with
ProfitMart with our referral link as below and you will never ever be
charged again till you trade with our referral account.
https://kyc.profitmart.info:8443/onboard.aspx?type=2&branch=7242&fr=gEX444Bjt%2BFFfOTOrz1F9g%3D%3D
Please
mail us your account details along with your Tradetron id details to [email protected] for marking
with us as eligible for ZERO profit
sharing. In case you require any further information/clarification, please do
mail your queries at [email protected].
This
strategy is also available in non hedged version wherein you can deploy it
without hedge. You can also deploy manual hedge OTM strategy as an option to
reduce margins if you so chose. The said strategies can be accessed here.
The manual hedge
strategy can be accessed here.
https://tradetron.tech/strategy/1152930
The non hedged version can
be accessed here.
https://tradetron.tech/strategy/1687651
Entry: 09.22 AM to 2.30 PM depending on conditions.
Exit: 03.03 PM.
Target and Stop Loss :-
This Strategy no fixed target. It also has max stop loss of 2000.
Please keep in mind Bank Nifty
is a fairy volatile index and the ultimate results may vary minorly due to
slippages and volatility.
Capital Requirement:-
As per norms of SEBI Rs. 100,000/-.
This is indicative figures; please check with your broker for exact
margin requirements. Please also check whether your broker allows far OTMs.
Profit Sharing:-
The Strategy doesn't have any upfront fees.
The strategy will entail 10 % profit. The billing shall
be done on fortnightly basis based on Tradetron
High watermark Policy. This strategy is also eligible for loss square off against any of our other
strategies wherein loss of other strategies can be adjusted with profit of this
strategy and vice versa.
Disclaimer:
I or AlgoGuru are not SEBI registered
advisors or Portfolio managers. I or AlgoGuru is not responsible for any kind
of loss occurred in above trading strategies. All above strategies are based on
Index Options Selling. If you're not aware of losses, please read or learn
about Option Selling and do not run this strategy till you are fully aware
of the risks involved.
Automated & Algo Trading:-
Good
Past performance is no guarantee of future results. It also extends to the fact
that you shouldn't discount an algo simply because it's done poorly recently as
it can revert to its usual amazing results in future. Although our algos are
100% fully automated, you're advised to keep a slant eye over the account to
monitor any significant deviation or errors.
Contact Information
Telegram (Direct): https://t.me/manishaoberoi
Telegram (Channel): https://t.me/AlgoGuru1
Twitter: @algoguru1
Email: [email protected]
Subscribers

Him One 10 months ago
This is a very good strategy which works on most days. Very rarely it would give loss. Have not seen a better adjusting strangle strategy. Have been using this for many months, but recently started deploying it more (I don't deploy algos everyday). Would recommend to any one with limited capital and controlled risk appetite. MY recommendation is to go with this one rather than the un-hedged version.
Bull Rider 10 months ago
Excellent strategy in TT. Deployed and got significant results
Kushal Patel 1 year ago
what is the shared code?
Jaxy 1 year ago
i have started the strategy from 16th feb, last two days SL Hit, lets continue for entire month , lets see the results, past results are good.
Tarun Pal 1 year ago
Hi team, Algo guru, I'm using your strategy since a week and continuously 2 days I got 2000/- loss. But no worries your strategy is good , due to very high vix strategy is struggling.
Unknown 1 year ago
I think we should put a trailing stop loss also, or fix a target ,as we missed a good profit today
Chintan Chokshi 1 year ago
Great job with the strategy Team !!! I have been using this since past two weeks, it went good so far. Although, today I have been facing issues with error in executing the trades saying "RATE NOT WITHIN CKT LIMIT,RATE SHOULD BE IN THIS RANGE 1.6000 7.6000". This happened during entry and exit both. Fortunately I was watching it and did the trade myself. I request you to please look into it.
Dalaram Jakhar 1 year ago
Sir , How much capital is required for this strategy with buffer ?
EWOIT 1 year ago
Excellent
Gnanashekar R.K 1 year ago
you will need 3x deployment to get the profits mentioned for 1x here. good adjustment strategy though.
Sunil Kumar 1 year ago
Trading with mystic monk for one week and it seems I have found a miracle strategy. Less capital but good returns. Keep up the good work.
Amit Gupta 1 year ago
Very Good Work, you are Rockstar