This is Short Iron Condor on NIFTY Options, specially designed for Intraday option Short traders. This option short BOT is designed to minimize the margin requirement for intraday traders. This strategy is fully automated .
If you are a lover of Short Straddle or Strangle but do not want to invest huge Margin for those trade Intraday, then our Iron Condor strategy will be the best fit for you.
Intraday strategy only not holding
Where the BOT buys OTM call and Put and Short ATM or ITM Call and Put. The strategy is designed keeping in mind market is in range bound in 60% days and can be Trending too. The Entry is after 09:20 am in the morning. If the market remains flat then this strategy performs well, if market becomes completely volatile or directional then it fails.
The Magic of this strategy is the drawdown or SL is completely dynamic and can never go beyond Rs. 600 in a day. However, we have a strict SL (Stop Loss) over and above the logical SL.
Target is generally Rs. 800 per day in a single lot of NIFTY.
Cost per trade shall range between Rs. 120 to 150.
To avoid margin conflict, first we buy Call and Put far OTM options, and then Short the ATM options or nearest OTM options. During expiry dates we might short ITM options as well. Margin is Rs. 80,000/-
Target and SL Logic:
The strategy has a built in Target and Stop Loss. Stop Loss is Rs. 650 or less. Target is Rs. 850. This strategy also has built in trailing stoploss.
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 : Intraday
Instrument : NIFTY
Segment : FNO
Market Conditions : Rangebound
Capital Required : 90000
Daily Return : 0.00 - 0.00 %
Monthly Return : 5.00
Yearly Return : 60.00
Winning Probablity : 62.30