Strategy description

CHETAK BNF is an Intraday Options Buying Algo. CHETAK BNF is based on TREND FOLLOWING STRATEGY tailored for the Nifty Bank.

When Bullish Setup is formed in Nifty Bank, It will Buy 1 Lot of Nifty Bank ITM Weekly CE Option and It will Buy 1 Lot of Nifty Bank ITM Weekly PE Option, when Bearish Setup is formed. CHETAK BNF takes very Small SL and Trails the SL as Market goes in direction of the Trade.

CHETAK BNF Starts Trailling Profit at Pre-Defined Levels and Book Profit as soon as Market Reverse. 

Monthly Fees: 10% of Profit PnL shown on TradeTron. 

 

Disclaimer:

Past Performance didn’t Guarantees Future Results. It also extends to the fact that you shouldn't discontinue an Algo simply because it didn’t performed recently, as it can give usual amazing results in future. Although our Algos are 100% fully automated, you're advised to keep a slant eye over the account to monitor any significant deviation or errors.

There will be slippages in Live Auto Trades, due to execution delays, so keep that in mind while comparing with Paper Trades. 

Risk Disclaimer: Algorithmic trading comes with inherent risks, so it's important to proceed cautiously. Before deploying any algorithmic strategy with real money, it's wise to first test it extensively using paper trading. This allows you to simulate trades without risking actual funds, giving you an opportunity to assess the strategy's performance in various market conditions. Additionally, paper trading helps you develop the psychological resilience needed to navigate the ups and downs of trading. Once you're comfortable with the strategy's performance and have built confidence in your ability to execute it, you can consider transitioning to live trading. However, it's crucial to approach live trading with caution, starting with smaller capital and gradually increasing exposure as you gain experience and refine your strategy. Throughout this process, seeking guidance from qualified financial professionals can provide valuable insights and help mitigate potential risks. Remember, successful trading requires careful planning, continuous learning, and disciplined execution.

We are not a SEBI Registered Analyst. no claims, rights reserved. We are not responsible for your profit or loss. Please Consult Your Financial advisor before using this Algo strategy.

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