This is Option buying strategy on BankNIFTY. This strategy can be automated with three Brokers i.e. 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 LongXL 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 8 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.450 to Rs.700 hence generally it is ATM or ITM strike prices. Maximum margin requirement is Rs. 15,000/-
Target and SL Logic:
Stoploss is 25% 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 100% of the premium price You can see live trading chart in the "Statistics' tab. We may change target on any given day looking into support and resistance level.
This strategy can be automated using Aliceblue, Mastertrust, IIFL, Zebu and Nuvama
Please watch the below Video to know more of the strategy bot.
Disclaimer: "The strategy used by this Algorithmic trading bot is based on historical data and do not guarantee future results. 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 : Intraday
Instrument : BANKNIFTY
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