This is Option buying strategy on BankNIFTY. 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.
Option Zoom is complete momentum based strategy bot, where signal gets generated if market is trending. The strategy has built in Stop Loss and Trailing Stop Loss. The strategy shall generates maximum of 6 to 10 trades in a month.
This is a 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.
The Strategy generates signal if market is trending up as well as when market is falling down. Positions shall be taken on either Call Buy (When BankNifty Index is moving upward) or Put Buy (when BankNifty Index is falling down).
Signal shall not generate after 2:36 PM
The Call or Put premium price ranges between Rs.150 to Rs.300 hence generally it is OTM, but at times during signal generation it might also consider ATM or ITM strike prices. Maximum margin requirement is Rs. 7,500/-
Target and SL Logic:
Stoploss is 20% of the premium price and TSL gets activated at 5% directional movement on candle closure. Target is 50% of the premium price. You can see live trading chart in the "Statistics' tab.
There is additional price based TSL attached to this Bot. If price point reaches Rs. 2500, then SL shall go above Rs. 1000 ensuring minimum profit of Rs. 1000.
Please watch the below Video to know more of the strategy bot.
Disclaimer: The performance of the bot is subjected to the market condition. Historical performance can not confirm future return.
Holding : Intraday
Instrument : BANKNIFTY
Segment : FNO
Market Conditions : Trending
Capital Required : 7500
Daily Return : 0.00 - 0.00 %
Monthly Return : 0.00
Yearly Return : 0.00
Winning Probablity : 0.00