Beta Strategy is Banknifty Options Writing Strategy. This is a purely intraday strategy. It identifies option shorting opportunity and mostly takes delta neutral position. Although this is similar to classic options strangle this strategy is direction biased. It identifies a combination of Banknifty call and put to short intraday not just with objective of earning theta but also gaining profit by taking position that are direction biased based on certain option parameters and data based indicators.
Target: This Strategy has target of 150 points on 1x multiplier. Since Banknifty movements are very fast there might be a difference of +/-10 points in the actual trades.
StopLoss: This Strategy has a fixed stoploss of 100 points on 1x multiplier. Since Banknifty movements are very fast there might be a difference of +/-10 points in the actual trades.
Product Type and Square Off: This algo trades only intraday using MIS orders and all trades are squared off by 3:05 PM.
Capital Requirement: This Strategy requires ₹ 2,00,000 margin.
Account Requirement: Our preferred partner is Alice Blue and if you want to open an account use the referal link here. Kindly contact us on WhatsApp for more detail on account requirement
Risk Profile: Beta have low risk profile.
This strategy is recommended to all beginners and experienced traders alike, although the margin requirement is on the higher side.
How System Works
Automated Trading is NOT Unsupervised Trading: Good Past performance is no guarantee of future results. It also extends to the fact that you shouldn't discount an algo simply because it's done poorly recently as it can revert to its usual amazing results in future. Although our algos are 100% fully automated but we do need to interfere manually in times of extreme volatility to safe guard user trade or resolve network and other technical issues, so you're advised to keep a slant eye over the account to monitor any significant deviation or errors.
