This is Banknifty Weekly Option short strategy moderate directional hedge bot. Where the BOT takes automatic Short at the money option strike prices based on Banknifty's direction.
The strategy has ATR based Stoploss and Trailing StopLoss built-in as well as price-based targets
The Bot is developed to follow the trend of Banknifty. It shorts ATM (At the money) option strike price based on Banknifty's direction and also Shorts OTM (Out of the money) option strike prices as hedge. Along with these two short positions, it also buys far OTM option strike prices to minimize margin requirement. This is the second version of BNFWiDiSH. The difference is, this bot doesn't have any price based Target or stoploss per trade. It's exit is dependent on strategy specific condition or if weekly target is achieved.
If Banknifty generates Buy signal, then the Bot shall Short ATM Put option and also short OTM Call option.
If Banknifty generates Short signal, then the bot shall Short ATM Call option and also shorts OTM Put option.
Bot may exit from trade when Banknifty hits target 2% or we may adjust the positions, it depends on market conditions. This adjustment is completely dynamic. Along with the Short positions.
This strategy can be automated with our preferred brokers as mentioned in our home page. We shall continue to add new brokers and those shall be available in our marketplace.
This is a positional strategy Bot hence margin is approximately Rs. 45K. Please maintain Rs. 50K margin to continue to trade and to avoid any error in execution due to margin shortfall.
Target and SL Logic:
The strategy has exit using ATR indicator and also auto adjustment of Short and Buy legs based on conditions. There is no price based target or Stoploss. However if Banknifty moves 2% or more in either direction then the bot shall exit from the existing position.
Please ensure you maintain the required margin to avoid discontinuity during drawdown phase.
Disclaimer: The strategy used by this Algorithmic trading bot is based on live market data and does not indicative or guarantee similar returns. This trading bot may not perform as expected due to unforeseen market conditions, technical issues, or other factors. We do not guarantee any specific returns or outcomes, and you should be prepared to potentially lose all or a portion of your investment. We are not responsible for any losses incurred from using this Algorithmic trading bot, and you own full responsibility for your investment decisions.
Holding : Positional
Instrument : BANKNIFTY
Segment : FNO
Market Conditions : Trending
Capital Required : 45000
Daily Return : 0.00 - 0.00 %
Monthly Return : 0.00
Yearly Return : 0.00
Winning Probablity : 0.00