created : 2 months ago| | live deployment: 0
created : 2 months ago | live deployment: 0
Dr Algo Nifty | Bank NIFTY | Sensex | NIFTY FIN SERVICE | NIFTY MID SELECT Option Buy Strategy
by: Doctor Algo
Strategy description
Nifty, Bank Nifty, Sensex,
Nifty Fin Service & Nifty Mid Select Options
Strategy Overview
This intraday momentum trading strategy uses price action and volume-based indicators to trade Sensex options on 1-minute and 2-minute charts.
| Parameter | Details |
| Traded Instrument | Nifty, Bank Nifty and Sensex, Nifty Fin Services & Nifty Mid Select Options |
| Trading Hours | 9:15 AM – 3:15 PM IST (all positions closed before 3:17 PM) |
| Timeframe | Entry signals generated on 1-min & 2-min charts |
| Capital Requirement | ₹50000 – ₹85,000 (depending on ATM spot premium, with buffer margin) |
Risk Management Rules
- Fixed Loss Rule: If the total loss in a trading session reaches INR 750, the strategy will close all existing trade
- Loss Management Procedure:
- if any Technical Glitch is observed Pause the strategy at once.
- Manually close any open positions.
- Contact the support team for guidance before resuming.
Discipline Guidelines for Algo Trading
- Initial Paper Trading: Run the strategy in paper mode for at least one week. Do not switch to live until consistent performance is observed.
- Live Deployment Criteria: Deploy live only after achieving stable, positive results in paper trading.
- Drawdown Control: Stop trading immediately if losses exceed 4%. Never increase lot size to recover losses.
- Multiplier Increase Rule: Increase volume only after one full month of satisfactory and profitable live trading.
- General Discipline: Avoid emotional decision-making. Rely strictly on back testing, real-time data, and maintain regular performance logs.
Support
Disclaimer
- We are not a SEBI-registered investment advisor.
- Strategies should not be deployed solely based on historical results. Profit/loss updates are derived from live auto P&L data and provided strictly for informational purposes.
- It is strongly recommended to conduct at least one month of paper trading to fully understand the behavior and risks of the strategy.
- Trading strategies are not shortcuts to wealth. A disciplined and risk-managed approach is essential for sustainable long-term results.
Subscribers
