Drawrdown
2.00
Shape Ratio
6.80
Monthly Return
4.00
Winning Probality
58.00
BNFShortScalp
This is a Banknifty option Short Scalping strategy bot for Intraday trade. The strategy is ideal for volatile market condition, where Banknifty moves in A or V shape or in trending market condition. It shall fail in low volatile market (when market forms W or M shape) or during range bound market (if signal generates).
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.
Strategy:
Where the BOT Shorts ATM options based on Banknifty's direction. If Banknifty moves up then it shorts PUT option and if it moves down then it Shorts CALL option. The Bot is a Scalping bot as Target is only 150 points of Banknifty and Stop Loss is 60 points of Banknifty. There is no Trailing Stop Loss considering a Scalping Bot.
There can be multiple entries in a day. We have considered a maximum of 4 entries a day. Which shall trigger a maximum of 60x4 = 240 points Loss i.e. if Delta is 60% then 144 points Loss on options. So for 1 Lot max loss can be Rs. 3,600/-
It is very rare to hit 4 SL in a day or 4 Targets in a day. We have seen a maximum of 2 SL and 2/3 Target can hit. Considering that The strategy stands at 1:2 Risk Vs Reward category with Maximum loss of Rs. 1800 Vs Rs 3,600 Profit.
This Bot doesn't generate daily signals, during complete range bound market condition it shall not trigger signal.
Margin:
To avoid margin conflict, first we buy Call or Put far OTM options, and then Short the respective ATM options or nearest OTM options. During expiry dates we might short ITM options as well.
Target and SL Logic:
As mentioned in the description, this is a Scalping strategy, hence Target and Stoploss is based on Banknifty's movement. Target shall achieve, if Banknifty moves in the direction 150 points and Stoploss shall trigger if Banknifty moves opposite to the direction 60 points. There is no Trailing Stoploss.
Note: The performance of the bot is subjected to the market condition. Historical performance can not confirm future result.
Strategy:
Where the BOT Shorts ATM options based on Banknifty's direction. If Banknifty moves up then it shorts PUT option and if it moves down then it Shorts CALL option. The Bot is a Scalping bot as Target is only 150 points of Banknifty and Stop Loss is 60 points of Banknifty. There is no Trailing Stop Loss considering a Scalping Bot.
There can be multiple entries in a day. We have considered a maximum of 4 entries a day. Which shall trigger a maximum of 60x4 = 240 points Loss i.e. if Delta is 60% then 144 points Loss on options. So for 1 Lot max loss can be Rs. 3,600/-
It is very rare to hit 4 SL in a day or 4 Targets in a day. We have seen a maximum of 2 SL and 2/3 Target can hit. Considering that The strategy stands at 1:2 Risk Vs Reward category with Maximum loss of Rs. 1800 Vs Rs 3,600 Profit.
This Bot doesn't generate daily signals, during complete range bound market condition it shall not trigger signal.
Margin:
To avoid margin conflict, first we buy Call or Put far OTM options, and then Short the respective ATM options or nearest OTM options. During expiry dates we might short ITM options as well.
Target and SL Logic:
As mentioned in the description, this is a Scalping strategy, hence Target and Stoploss is based on Banknifty's movement. Target shall achieve, if Banknifty moves in the direction 150 points and Stoploss shall trigger if Banknifty moves opposite to the direction 60 points. There is no Trailing Stoploss.
Note: The performance of the bot is subjected to the market condition. Historical performance can not confirm future result.
Holding : Intraday
Instrument : BANKNIFTY
Segment : FNO
Market Conditions : Volatile
Capital Required : 70000
Daily Return : -2.00 - 4.00 %
Monthly Return : 4.00
Yearly Return : 40.00
Winning Probablity : 58.00
Return statistics :
Year
Total
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2021
6,900
10,500
12,570
-1,300
1,105
4,320
5,660
1,505
14,030
55,290
