created : 1 month ago| | live deployment: 1
created : 1 month ago | live deployment: 1
BankNifty Pulse Strategy for Option buyer
Strategy description
Bank Nifty Technical Confluence Strategy
This strategy operates on the Bank Nifty spot chart via TradingView Pine Script, capturing high-probability setups through a confluence of RSI, EMA & ADX indicators.
Performance Highlights
| Backtest Period | 1st June 2021 – Present (4 years) |
| Total Profit | ₹49 Lakhs |
| Position Size | 150 qty (5 Bank Nifty Futures lots) |
| Win Rate | 38.44 % |
| Risk-Reward Ratio | 1:3 |
Core Logic / Indicators Used
- RSI: Momentum filter to avoid overbought/oversold traps
- EMA: Trend confirmation and entry filtering
- ADX: Filters trades based on trend strength
- Entry Logic: Multi-indicator alignment
- Exit Logic: Stop Loss or Target hit based on 1:3 RR
Risk Management
| Parameter | Detail |
|---|---|
| Stop Loss | Defined per trade |
| Target | 3× Stop Loss |
| Drawdown Control | Low exposure per trade |
Automation Setup
- Signal Generation: TradingView Pine Script
- Execution: Tradetron via webhook/API
Who Should Use This Strategy?
- Intermediate to advanced Bank Nifty traders
- Those preferring systematic, rules-based trading
- Traders seeking long-term consistency over high-frequency entries
Final Notes
Past performance does not guarantee future returns. Deploy in paper trading for a few days/weeks before going live. Monitor performance and adjust position sizing as needed.
