Strategy description

Strategy Overview: 

This algo trades Nifty Index  by selling credit spread to capture delta and theta.  This is a Positional trading strategy, positions are carry forward for next day. It has a inbuild trailing stop loss to lock profit and minimize risk.  It dynamically roll over the credit spread once position in profit thus collecting more premium.

• Position Logic:

1. Long Position: When long signal is triggered in algo, it sells near strike Put Option (PE) and buys far strike Put Option (PE) to hedge the position. This creating a put credit spread.
2. Short Position: When sell signal is triggered in algo, it sells near strike Call Option (CE) and buys far strike Call  Option (CE) to hedge the position. This creating a call credit spread.

Risk Management: 

1. Target: This algo doesn't have a fixed target instead it rides the trend and roll over the credit spread until trailing stop loss is hit.
2. Stop Loss: it has a fixed initial stop loss.
3. Trailing Stop Loss: As position move in favor, algo keep trailing the stop loss, and ride the full trend.

Strategy Highlights: 

1. This is positional strategy with position carry forward for next day. 
2. This strategy doesn't have a target, so it will ride the trend until trailing stop loss is hit, hence maximizing the profit.
3. By using option buying, it hedge the position to reduce overnight risk and reduce margin.

Customer Support:

1. Telegram:  https://t.me/+K-Iz6AkG_RRmNGQ1 
2. Email: [email protected]

Disclaimer:

Ansh Enterprise is not a SEBI-registered investment or financial advisor.  Kindly consult your investment advisor before deploying the strategy in live trading. The Profit and Loss (P&L) updates shared are from our live automated systems and are for informational purposes only. Past performance is not guarantee of any future profits or specific outcomes from this strategy and market conditions can impact the performance of any strategy. We recommend paper trading for a month to understand and learn the strategy before using it in live mode. Trading involves risks, and you should be fully informed and prepared before proceeding. Users are solely responsible for their trading decisions.