created : 4 months ago| | live deployment: 18
created : 4 months ago | live deployment: 18
Prosperity apex supreme Ultra power by Pranav Kanitkar
by: TAKE MY TRADE
Strategy description
Prosperity Apex Supreme Ultra Power
Contact Us
Email ID: [email protected]
Telegram ID: @Pranavkanitkar
Share Code (Live Auto): d82e12c8-bd0f-4d4d-9e93-fb5bbe0c9e62
Strategy Description
Prosperity Apex Supreme Ultra Power is an options strategy that combines 7–8 different uncorrelated positional strategies. Its main advantage is low drawdown with medium Mark-to-Market swings. It integrates both directional and non-directional strategies in one basket. Overnight positions, if any, are not protected with hedges by default; however, users may manually add hedges if desired.
The strategy carries a defined and calculated risk within the required capital. It ma comfortably handle small and moderate gap-ups and gap-downs because stop-losses on short positions limit the impact. In case of a big gap-up or big gap-down, the loss may increase since stop-losses can’t trigger immediately at market open. However, many times the strategy already holds option buying positions that benefit from such big moves and help reduce the damage. Only in rare cases of a large one-sided gap-up or gap-down when no buying position exists, we carry a higher risk. Such events are extremely rare, and even if they occur, the drawdown is usually recovered within a few profitable months, as the strategy continues to deliver consistent returns.
User's Responsibilities
- Maintain 10–15% more capital than the recommended level to manage capital increases on high-volatility (VIX) days and drawdowns.
- Generate the API token between 8:30 AM and 9:00 AM to avoid execution issues in 99% of cases.
- In case of an error during live deployment, you will be notified via WhatsApp or Tradetron call. Check deployment logs, resolve the issue, and if needed, contact support via the provided Telegram channel or ID.
- Understand that server issues, technical glitches, connectivity problems, or other disruptions at the broker, exchange, Tradetron, or user’s end can lead to financial losses, for which the provider and affiliates are not responsible.
Key Parameters
| Parameter | Details |
|---|---|
| Entry Timings | Starts 1st day of Monthly Expiry at 9:15 AM and runs until last day of Monthly Expiry at 3:20 PM or until TSL/universal exit triggers |
| Deployment | Can be deployed mid-cycle |
| Capital Required | ₹15,00,000 (1 Multiplier) |
| Buffered Margin | ₹2,00,000 (per 1 Multiplier) |
| Instruments | Nifty 50 and Bank Nifty |
| Type | Positional (without hedges) |
| Average Trades/Day | 6–7 trades |
Invoicing of Variable Fees
Invoices are issued on the 1st day of each monthly expiry. Payments should be completed within 3 days.
User's Algo Awareness
While the strategy logic remains the same for all users, adjustments may differ based on entry strike and price, leading to varying outcomes. Over the long term, results generally balance out. It is recommended to use zero-brokerage brokers.
Points to Understand the Strategy
- Conduct paper trading for 2 weeks to 6 months to understand margin requirements and gain confidence.
- Consult a financial advisor before going live on auto mode.
- Understand the risks of investing or trading; follow the strategy for at least 6–8 months to evaluate results.
Disclaimer
Pranav Gajanan Kanitkar and TAKE MY TRADE are not SEBI-registered advisors or portfolio managers. Neither they nor their employees/relatives are responsible for any losses from using these strategies. All strategies are based on index options buying and selling. Users must educate themselves about the risks before running the strategy.
Automated & Algo Trading
Good past performance does not guarantee future results. Despite automation, users should monitor their trading accounts for any significant deviations or errors.
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