It is a directional intraday option selling strategy with defined risk specifically designed for Nifty and Bank Nifty index. Based on multi year historical options chain data of index, we created this option selling strategy which triggers only one trade in a day when market opens.
The strategy used End of the day of options chain which includes, Open interest, Change in open interest, volatility and price. Our inbuilt algorithm scans the data and interprets if the market is bullish or bearish. If the outcome is bearish, it automatically short the call option with defined risk and if the outcome of data analysis is bullish, it shorts the put option when the market opens.
Since each trade is associated with defined stop loss, if our view goes wrong, the stop loss gets hit and we are out of the trade, hence even if there is any big trending move against us will not create a big dent in the capital, since the fully automated bot will exit our positions when it goes against us. Since there will be only one trade per day, the transaction cost associated with this strategy is just Rs.20 per trade which greatly increases our over all profitability. When position goes in favor, the bot rides the trend and exit the position by end of the day.
The live performance of the bot can be checked here http://performance.squareoffbots.com/
Recommended capital : 3 lacs per lot
It works only with Aliceblue , Angel Broking, Fyers and Trustline broker account, if you do not have one, open account using mentioned below link. Users who open account under our referral get additional three months subscriptions at free of cost if they subscribe to one year plan. So all users who open account under us will get 1 year + 3 months of validity. If you have an existing account, you can also use that. We provide three trading bots at free of cost for all users who open new broking account under Squareoff referral. You just have to go to this link https://squareoffbots.com/