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
We call this NIFTY Zoom as this strategy is complete momentum based strategy, where profit can be achieved with Trend. The strategy has built in Stop Loss and Trailing Stop Loss, hence you don't need to take any action of your own to square it off. Risk is already covered in the Strategy design.
As this is 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.
Positions shall be taken on either Call Buy (When NIFTY Index is moving upward) or Put Buy (when NIFTY Index is falling down), as this is a buy only Strategy BOT, hence margin requirement is also very less.
The Call or Put premium price ranges between Rs.50 to Rs.200 hence generally it is OTM, but at times during signal generation it might also consider ATM or ITM strike prices.
Target and SL Logic:
Please watch our detailed strategy video (https://dailytrademantra.com/robo-trading-banknifty/) to see its live backtest, expected ROI based on backtested data. average monthly return based on backtest also OptionZoom live trading.
NIFTYZoom and OptionZoom are similar in nature, only difference is one runs on NIFTY Options and other runs on Banknifty Options.