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 180% 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 calculations 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 Aliceblue account under Squareoff referral. All exiting BOT subscribers will get access to it by default, if you are new user simply open an account with Aliceblue 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 historical results of this strategy can be downloaded from this link. 

44 comments on “Bank Nifty Intraday Option Buying Bot

    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. 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?

  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 ?

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