This is Option buying strategy on NIFTY. This strategy can be automated with three Brokers i.e. Aliceblue, Mastertrust and IIFL for now, as and when we integrate other brokers will update you all.
The strategy has StopLoss and Trailing StopLoss built-in.
Strategy:
We call this NIFTY Zoom as this strategy is complete momentum based strategy, where profit can be achieved with Trend. The strategy has built in Stop Loss and Trailing Stop Loss, hence you don't need to take any action of your own to square it off. Risk is already covered in the Strategy design.
As this is fully automated Strategy BOT, there is no action required from a Traders end, once you deploy the strategy successfully you are all set to trade on this Automated Strategy.
Positions shall be taken on either Call Buy (When NIFTY Index is moving upward) or Put Buy (when NIFTY Index is falling down), as this is a buy only Strategy BOT, hence margin requirement is also very less.
Signal shall not generate after 2:24 PM
Margin:
The Call or Put premium price ranges between Rs.100 to Rs.250 hence generally it is ATM (At the money) strike prices or ITM (In the money) strike prices. However during volatile market the entry can be near OTM (Out of the money) strike prices as well.
Target and SL Logic:
Stoploss is 20% of the premium price and TSL gets activated by 10% directional movement on candle closure and continues to move with each 10% movement of candle closure. However TSL is always on candle closure. Target is 80% of the premium price.
Disclaimer: The performance of the bot is subjected to the market condition. Historical performance can not confirm future result. We do not guarantee any return from any of our Algo strategy Bots, please observe the strategies individually and analyze probable risks prior to deploy the bot and start our service.
Holding : Intraday
Instrument : NIFTY
Segment : FNO
Market Conditions : Trending
Capital Required : 15000
Daily Return : 0.00 - 0.00 %
Monthly Return : 0.00
Yearly Return : 0.00
Winning Probablity : 0.00
