This is NIFTY Weekly Option short strategy is a non directional hedge bot. Where the BOT takes automatic Shorts At the money option strike prices. 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 pre defined target but no Stoploss or trailing stoploss
The Bot is developed to get the benefit of market's range boud nature. It shorts ATM (At the money) Call and Put option strike prices together. And also Buys far OTM (Out of the money) Call and Put option strike prices to hedge the position.
As this is a non directional strategy bot, hence if market remains in range during a week, then the bot can generate maximum return.
This strategy can be automated with Aliceblue, Mastertrust and IIFL for now, as and when we integrate other brokers will update you all.
This is a positional strategy Bot and is Iron condor strategy, hence the margin is approximately 1L. Please maintain this margin to continue to trade and to avoid any error in execution due to margin shortfall.
Target and SL Logic:
The strategy has a pre defined Target and Stop Loss. Target is generally 6-7% of the investment and no stoploss.
Please ensure you maintain the required margin to avoid discontinuity during drawdown phase.
Disclaimer: The performance of the bot is subjected to the market condition. Historical performance can not confirm future result.