This is Short Iron Condor on Banknifty 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 Banknifty.
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 requirement is around Rs. 60,000/-
Target and SL Logic:
The strategy has a built in Target and Stop Loss. Target is Rs 800 and Stoploss is Rs. 600. Both Stoploss and Target may change on Expiry Day. It also has trailing Stoploss.
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 : Rangebound
Capital Required : 60000
Daily Return : 0.00 - 0.00 %
Monthly Return : 0.00
Yearly Return : 0.00
Winning Probablity : 0.00