Turtle Trader - uTrade Algos

This strategy trades in Nifty and Banknifty weekly/monthly options. This is an intraday option sellingstrategy which sells both Call & Put options.This strategy is designed for DIRECTIONAL and NON-DIRECTIONAL movements. This Multi-leg strategy consists of six legs based on three different strategies in this portfolio.
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Note: - Trading in this strategy should be avoided on an event day.

Factor: COT2

Capital requirement: Rs. 5,40,000 for 1X multiplier

Start Time: 09:15 AM

End Time: 03:09 PM

Execution Days: All Days

Preferable Days: Last week of monthly expiry

Favourable Conditions:

Range Bound movements
Fall in Volatility
Best suited for the days towards the last week of the monthly expiry
Recommended VIX: 12 to 30

Risk Factors:

High Volatility in market with increasing premiums
No decay in premiums
Directional Move with rise in premiums

Default Parameters:

Symbol: BANKNIFTY,NIFTY
Net Loss: 900, 450, 1100, PF-3900
Net Profit: NA
Option Type: BANK NIFTY: Sell Call , Sell Put & NIFTY: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 2
Order Lot Slice: 1
Premium Price: 50, 20, 30
Premium Range: NA
Stop Loss for Each Leg: 25%, 50%, 25%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

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