Algo Trading in India |
The Bank Nifty Golden Ratio Intraday Trading strategy is one of the start performer of Squareoff Bots, which is fully automated with Alice Blue , Angel Broking, Fyers and Trustline broker. Its one of the most robust and stable strategy that generates consistent returns year after year. It has generated more than 150% returns to our Bot users in last one year.

With increase in margin, many users have requested for a option buying bot, since we already have a proven trading system GRB which trades in futures, we implemented the same logic with option buying bot as well. The rules are simple, whenever GRB futures triggers Buy order, respective ATM Call options will be bought and if GRB futures triggers short order, then the option buying bot will buy respective ATM PUT options.
Stop loss will also be based on futures level, whenever GRB futures hits stop loss, the respective options will be exited by the bot automatically.
 
So every calculation and executions are completely automated, all users have to do is just login to https://www.squareoffbots.com and enter the lot size, rest all is taken care by the bots.
 
Due to numerous request, we have made this option buying bot, completely free for all users who open trading account under Squareoff referral. Please note that our bots works only with Aliceblue, Angel Broking, Fyers and Trustline. All exiting BOT subscribers will get access to it by default, if you are new user simply open a trading account with using this link and get life time access to our Bank Nifty option buying bot.  
 

Here’s the performance metrics of the Bank Nifty futures Golden Ratio Trading Strategy, trading 2 lots of ATM options would almost replicate this futures performance. The biggest advantage with Option Buying bot is no need to worry about SEBI’s frequent intervention about margin, and once we buy ATM options, if market moves in our favor, our ATM options becomes ITM and thus returns will be much higher. Though theta decay would affect the premium, over the longer run, the option buying bot would also replicate superior returns. 

Usually premiums are higher during the beginning of Expiry, where ATM options will be priced anywhere between 300 to 400, so to buy one lot required margin would be around Rs.7500 to Rs.10,000. However, near to expiry day, premium goes down, where ATM options will be trading around 150 to 200, where we just need rs.4000 to Rs.5000 margin to buy one lot.

The bot has been implemented live from March 2021 onwards, which has made ten lacs profits so far to all Trading bots users. Recommended capital 1.5 lacs per lot. Live performance of all bots can be checked in this link http://performance.squareoffbots.com/


161 comments on “Bank Nifty Intraday Option Buying Bot

        1. Please login to https://squareoffbots.com/ and take one week free trial with all bots, once free trial is over we shall enable access to free bots for your account

          Please refer this video step-by-step instruction on how to use SQUAREOFF TRADING BOTS https://youtu.be/u816uHL6AFk

          This is a short video which explains the functionality of automated trading bots and instructions on how to use it and explained live performance of each bots https://youtu.be/fLckZP13fKw

      1. All queries are handled via email support system which gets addressed instantly. 100s of all our existing clients queries are handled via our email support system only

        1. I have opened account with referral and sent mail earlier and now but no free bot showing in my id. Aliceblue ID 602923

        1. I’m unable to see Zerodha Login. How to trade in Zerodha with your GRB Optiond buying bot? Please guide. Thanks!

    1. Usually premiums are higher during the beginning of Expiry, where ATM options will be priced anywhere between 300 to 400, so to buy one lot required margin would be around Rs.7500 to Rs.10,000. However, near to expiry day, premium goes down, where ATM options will be trading around 150 to 200, where we just need rs.4000 to Rs.5000 margin to buy one lot.

      1. Sir in your backtest report you mentioned capital required for 25 quantity is 200000/-

        Please clarify for option I may be huge amount for 1 lot

  1. It’s really good for small margin trader to spread this strategy with many many traders. I am also your old paid client for GOLDEN bnf intraday.

      1. As mentioned in the above post, we have backtested the Golden ratio bank nifty strategy for 11 years, from 2010 to till date, Bank Nifty weekly options was introduced only from 2016 May, we haven’t specifically backtested this instrument with options. Theta decay does have an affect, but as this a trend following strategy, when trend emerges the gain we make from profitable trades are much higher than the loss we face on losing trades due to theta decay.

    1. Sure, We provide one week free trial access to the bots using this link https://squareoffbots.com/ post trial if you are interested, you can pay Rs.29,500 per year and subscribe to our bots. If the account is opened under our referral, you get access to this option buying bot at free of charge

      1. Hi
        Thanks for the reply.
        I sent details to the mail. Please add me.
        Thanks in advance ..and thanks very much for providing benefits to referal users.

    1. Please refer the details mentioned above, this is a trend following strategy, hence we never use targets, stop loss is based on futures levels, approximately it will be 75 to 100 points.

    1. Sure, We provide one week free trial access to the bots using this link https://squareoffbots.com/ post trial if you are interested, you can pay Rs.29,500 per year and subscribe to our bots. If the account is opened under our referral, you get access to this option buying bot at free of charge

  2. I have opened account in Alice Blue through link given by Square of.Pl give strategies for free whichever applicable.

  3. If I’ll open account from your referral, Will I also get the free trial to other strategies along with lifetime access to option buying setup?

    1. Sure, We provide one week free trial access to the bots using this link https://squareoffbots.com/ post trial if you are interested, you can pay Rs.29,500 per year and subscribe to our bots. If the account is opened under our referral, you get access to this option buying bot at free of charge

        1. The price of Rs.29500 per year when calculated on daily basis it comes around just Rs.80 a day, so they posted in TradeStore that it costs only 80 INR per day when subscribed annually.

  4. Is it 100% ALGO or we need to punch orders based on alerts?
    Can your team support for opening account with Alice blue?

      1. What is the best and worst monthly return in percent achieved by your best 2 bots? And what is the minimum capital required to achieve that goal?

  5. Kiru sir, is this bot good? I’m planning to invest my money since I have low capital . Also can you tell how many total bot subscribers does squareoff have?

    1. Hi, plan your capital accordingly so that a streaks of losses doesn’t blow up your capital. Trading with 10k,20k, 30k is enough margin to execute the trades but not enough capital to sustain the drawdowns. So in futures if we are trading with 2 lacs per lot as capital,here in options one lac per lot would be suffice

  6. hi,
    i want free intraday option buying bot as i have already account in alice blue can i open account in any other broker through your referral for free access of your buying bot

  7. How come drawdown is 15%, whereas in PL graph of ORB above, I could see profit of 160 (on 2020-11-10) came down to 100 (on 2020-12-17) which is around 38%. Am I missing something?

  8. What is the brokerage in future & option in Alliceblue if account is opened through your refference link ? If opened ac via your link can I get this bot life time free ?

  9. Since this is an option buying, it may conflict or square off the existing options entry if we are using other bot of options selling. Any solution for that?

    1. When you trade multiple system, there will always be some days where same symbol get triggered in both different systems. Each bot is treated as a separete strategy, it doesn’t affect the end result. Say you trade with Short straddle, shorted 32000 CE and 32000 PE at 100 Rs. each As per Short straddle system we use 25% Stop loss, so when CE or PE hits 125 we exit from the system.

      Consider on the same day, bank nifty starts moving up and option buying bot also triggers a CE buy order of same strike 32000 CE around 110 Rs. So you would see, your Short straddle CE position getting closed, since option buy triggered same strike. But this is not going to affect the end result. Before option buy triggered order, your position was

      -25 QTY 32000 CE at 100
      -25 QTY 32000 PE at 100

      Now after option buy order trigger order, your position will be
      0 QTY 32000 CE
      -25 QTY 32000 PE

      But if market starts moving up, the pending stop loss of Bank Nifty straddle kept at 125 will get triggered and your new position will be

      +25 QTY 32000 CE
      -25 QTY 32000 PE

      So by eod, your Straddle will also be in profits and option buying will also be in profits when markets closed higher. So each bot system is separete, doesn’t affect the result because of same symbol

  10. Any chance it may happen to close previously executed orders of BNF Options Selling. If so any plan for that to avoid buying entry or changing strike etc?

    1. When you trade multiple system, there will always be some days where same symbol get triggered in both different systems. Each bot is treated as a separete strategy, it doesn’t affect the end result

        1. I already have aliceblue account. Should i open another account using ur referral to get free access of this bot? Or can i continue with the existing account for free access.

          1. We provide a 7 days free trial, followed by a yearly charge of Rs.17700 to access any one of the trading bots mentioned here https://squareoff.in/tradingbots/, but we provide access to all 17 different trading strategy bots at a discounted rate of Rs.29500 per year. However, we provide four trading bots at free of cost for all users who open Broking account under our referral using this link https://squareoffbots.com

            So to get access to bots for free, referral account is needed

  11. Is this bot free on AliceBlue only or the offer can be availed even if i open an Angel Broking account with you?

  12. Hi, I want to open account with your link to try out bots. But Once account is opened, I may use it for normal trading also hence need answer for below question so I can decide which broker to go with among 4 brokers that you had provided links for:

    1. Which of these 4 brokers does NOT impose additional (increased) margins on Short options positions 2 days before expiry ? I am asking because Zerodha kind of brokers are forcing us to close SHORT option positions 2 days before expiry by imposing additional margins upto 50% margin?

    2. Which broker among these 4 will allow to keep Option positions till 3.20PM on everyday expiry day ? (Some brokers square off positions at 3.15PM , some at 3.20PM on daily basis / Expiry day. Please clearly answer cut off time for each of 4 brokers.

    3. In addition to your bots, If I want to subscribe for other bots available in the market, Which of these 4 brokers give free API access to me ??

    4. Which of these 4 brokers provide desktop application to trade instead of just web version ? My first preference would be desktop application.

    Request you to reply each question with names of brokers supporting it so I Can decide which account to open through your links. Thanks for your detailed reply.

  13. What if Gap Up/Down and LTP is above or below your buy/sell entry level ? How the bots execute?

  14. I am very much interested to use your platform for Trading.
    I have few questions:
    1. Is your free Option Buy strategy available only with AliceBlue or we can choose any listed broker?
    2. I have 20K is max capital available now for trading, Can i start with this and add DD Capital in couple of weeks? Or Should I wait till Capital more than approx. 70K?
    3. Can I Exit from Position from broker’s platform before bot Exit It in Case of Profit achive, which expected from that trade?
    4. What if I want to Change broker in future (Ex. From Fyers to AngelBroking) is my subscription is valid on new broker?

    1. 1. Can use any of the four brokers we are associated with
      2. Wait till capital is more than 70k
      3. Yes, you can book profits manually whenever you want
      4. Yes

    1. Stop loss is based on futures level, basically golden ratio strategy is based on futures, so when futures hits stop loss, this option bot would send exit signal

  15. What is this strategy. How is it taking orders? Can you please elaborate. I know it is based on futures but then what are the conditions that you have provided?

  16. Hi Kiri Greeting for the day. i can say you are one of turning point of my trading journey. i have submitted required document to through this link to aliceblue broker and received client ID. please let me to how to trade now.
    Thank you very much

  17. Is this strategy and automation free for lifetime?
    Also can we trade 2 lots with 50000
    I am talking abt option buying

    1. Yes,its free for life time. We recommend to trade with atleast with 75k for one lot in option buying, trading with lesser capital will be over leveraged which puts you in high risk
      Mentioned below are three bots you get Lifetime access to

      https://squareoff.in/bank-nifty-intraday-option-buying-bot/ GRB option buying bot
      https://squareoff.in/orb-bank-nifty-only-monday-trading-strategy/ Bank Nifty Options orb Monday bot
      https://squareoff.in/orb-2-pm-intraday-bank-nifty-strategy/ Orb bank nifty 2pm futures bot

  18. it would be very helpful you if you could provide back-tested data for options, that would give us more confidence in the strategy.

    1. We haven’t backtested the rules in options, as mentioned above the rules are applicable for futures only, we need to trade with respective ATM options when futures triggers a trad

    1. We haven’t backtested the rules in options, as mentioned above the rules are applicable for futures only, we need to trade with respective ATM options when futures triggers a trade

  19. Hi Admin,
    I am try to connect you on chat and mail but not getting any response .Please tell me how can i take trail of this boat . I have a trading account in Angel Broking.

    1. We provide fully automated trading bots that can automatically place entry, stop loss and target orders based on inbuilt strategies. Our bot works with four brokers AliceBlue, Fyers, Angel Broking and Trustline. To take free trial use this link https://squareoffbots.com

      Performance of all bots can be checked http://performance.squareoffbots.com/

      We provide a 7 days free trial, followed by a yearly charge of Rs.17700 to access any one bot and Rs.29500 to access all 14 different trading strategy bots. However, we provide three trading bots at free of cost for all users who open broking account under our refferal using this link https://squareoffbots.com

      This is a short video which explains the functionality of automated trading bots and instructions on how to use it and explained live performance of each bots https://youtu.be/fLckZP13fKw

  20. Today GRB futures bot ended up with 1% profit but GRB options bot ended up with 0.77% loss. When both are based on same strategy…why is one bot in profit and the other in loss the same day

  21. Is there any backtesting for options? From Jan 2017 till today? Can you share the sheet?
    The backtesting sheet you shared is for futures.

  22. If i open a account with one of your associated broker, Will i get this bot free for a a week only? or lifetime?

    1. Our bot works with four brokers AliceBlue, Fyers, Angel Broking and Trustline. To take free trial use this link https://squareoffbots.com

      We provide a 7 days free trial, followed by a yearly charge of Rs.17700 to access any one of the trading bots mentioned here https://squareoff.in/tradingbots/, but we provide access to all 15 different trading strategy bots at a discounted rate of Rs.29500 per year. However, we provide three trading bots at free of cost for all users who open Broking account under our referral using this link https://squareoffbots.com

      Mentioned below are three bots you get Lifetime access to

      https://squareoff.in/bank-nifty-intraday-option-buying-bot/ GRB option buying bot
      https://squareoff.in/orb-bank-nifty-only-monday-trading-strategy/ Bank Nifty Options orb Monday bot
      https://squareoff.in/orb-2-pm-intraday-bank-nifty-strategy/ Orb bank nifty 2pm futures bot

      Please refer this video step-by-step instruction on how to use SQUAREOFF TRADING BOTS https://youtu.be/u816uHL6AFk

      You can check this link to know the performance of all bots http://performance.squareoffbots.com/

      1. Sir i have opened fyers account with your referral
        How do i enable free trading bots?
        I have e-mailed you the same but haven’t received any reply
        Kindly look into it

        1. Dear Rashmi,

          Please login to https://squareoffbots.com/fyers/login and take one week free trial with all bots, once free trial is over we shall enable access to free bots for your account

          Please refer this video step-by-step instruction on how to use SQUAREOFF TRADING BOTS https://youtu.be/u816uHL6AFk

          This is a short video which explains the functionality of automated trading bots and instructions on how to use it and explained live performance of each bots https://youtu.be/fLckZP13fKw

  23. Hi as the max capital required to buy ATM option is 10K than what is the reason to keep around 1lac in account? Is it for drawdown?

  24. What will be the target. Or will the algo exit at EOD. Or do you have any predefined target of certain percentage/points or is the target is baced on technical analysis.

    1. The exit will be EOD or when SL hits. Number 1 rule we follow is not use targets for breakout/trend following system, we only cap the risk and leave the profits to markets hand.

    1. Please login to https://squareoffbots.com and take one week free trial with all bots, once free trial is over, please email us your fyers id to support@squareoff.in we shall enable access to free bots for your account

      Please refer this video step-by-step instruction on how to use SQUAREOFF TRADING BOTS https://youtu.be/u816uHL6AFk

      This is a short video which explains the functionality of automated trading bots and instructions on how to use it and explained live performance of each bots https://youtu.be/fLckZP13fKw

  25. I have opened the account in Aliceblue on date 1st dec 2021. Free bots trial has also over.
    But after free bots is not enable. Please provide the free bots access. I already mail to you on dated 6th Dec.
    Vishuvasdev@gmail.com
    ID 513582

  26. I’ve an account with zerodha how can I use your bots on zerodha. Also is your free bots
    like this intraday bank nifty options buying available for limited time or life time free subscription

    1. Our bot works with brokers AliceBlue, Fyers, Angel Broking, Paytm, Edelwiess, Mastertrust and Trustline. We recommend Aliceblue from the list. To take free trial use this link https://squareoffbots.com

      We provide a 7 days free trial, followed by a yearly charge of Rs.17700 to access any one of the trading bots mentioned here https://squareoff.in/tradingbots/, but we provide access to all 17 different trading strategy bots at a discounted rate of Rs.29500 per year. Minimum capital required to get started with these bots is 3 lacs. However, we provide three trading bots at free of cost for all users who open Broking account under our referral using this link https://squareoffbots.com/aliceblue

      Mentioned below are three bots you get Lifetime access to

      https://squareoff.in/bank-nifty-intraday-option-buying-bot/ GRB option buying bot
      https://squareoff.in/intraday-option-trading-strategy-with-auto-adjustments/ – Multi Straddle bot Nifty
      https://squareoff.in/intraday-option-trading-strategy-with-auto-adjustments/ – Multi Straddle bot Bank Nifty

      Please refer this video step-by-step instruction on how to use SQUAREOFF TRADING BOTS https://youtu.be/oJAYd1NgeA8

  27. Hey Admin, Can you provide me a scalping bot where I can set the criteria for execution of trades. I am looking for a simple one, which can execute trades on crossing over/ down a moving average of specified period?

  28. Hey!
    You know, most of the time what I trade should be profitable from a scalping perspective but by the time I exit the chart, select the strike price from the watchlist, put the qty and SL, the profitability reduces by a great extent, and thus most of the time I settle for less or make a loss. It’s very discouraging, Kindly help. What is the better way of doing scalping? Algo? Or something else?

  29. I have started Aliceblue account & logged in the Sqaureoff site with my account. Planning to use the GRB, RSI strategy during the free trial 7 day period. What is the entry time for all these strategies ?.

  30. In the above comments some replies say the minimum capital required is 75k to 100k and in some replies said as 10k to 30k for GRB Option 1 Lot. What is the approx capital actually required ? – Prashanth Bhat

    1. Hi, free bot is available only for users who opened Aliceblue account under Squareoff referral. You can open a Dhan or Angel account and get access to free bots.

  31. Free trail period is including holidays? Through which link I can access the bot if I have already an angel broking account

  32. hello admin, i have log in thru squareoff but i unable to free bot of Golden ratio banknifty & asking me pay subscription? can you pls fix this

    regards
    gom

  33. hi admn, I stumbled upon this site while googling for algo backtesting, and the article on algo test was really very interesting and started going thru your site squareoff and simply amazed the way you explain things Kiru, hats off to you, I am a technical analysis for over 3 decades and happy with delivery based positional/long term returns. But recently started studying options and I find your offer exciting, is the Golden ratio free bot still available, I am using zerodha for last 7-8 years, and I can open an account with aliceblue and try your GRB bot, would appreciate an early reply
    Ramanan

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