uTrade Algos

Turtle Trader

Also known as turtle trader in uTrade Originals. This strategy trades in Nifty and Banknifty weekly options. This is an intraday option selling strategy 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.

Note: – Trading in this strategy should be avoided on an ‘event day’.

 Factor: COT2

Capital requirement: Rs. 400,000 for 1X multiplier

Start Time: 09:17 AM

End Time: 3:15 PM

Execution Days: All Days

Preferable Days: All days

Favourable Conditions:

  • Range Bound movements
  • Fall in Volatility
  • 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:

  • Logs: 0, 1
  • Net Loss: BNF1-900,BNF2-450,NF-1,100/PF-3,900
  • 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: 20
  • 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