12 Whitehorse Chariot – By QuantumLabs | Nifty Directional Option Selling Strategy
Product is rated as #2 in category Algo Trading Strategies & Software
| Performance | 8.8 |
|---|---|
| Returns | 10 |
| Creator | 9.7 |
Hedge with 12 OTM Option Buy –
- There is no coverage of risk in this case & its only to optimize Rewards
- Not recommended until 6 months of trading on above options. This is HIGH RISK / HIGH REWARD
12 Whitehorse Chariot – By QuantumLabs | Nifty Directional Option Selling Strategy
Free!
Description
Strategy description
Nifty Directional Option Selling
|
Avg Monthly Returns | ||||||||
| Without Brokerage | With Brokerage @ 40 / order | ||||||||
| Name of Algo | What it does | Description | Suggestion | Capital | 1X | 1X | 2X | 5X | 10X |
| 4 White Horse Chariot | Hedge with 4 OTM Option Buy | Proper Hedge in case of black swan event and trade goings against us | New comers, GO FOR THIS ONLY | 75,000 | 11% | 1% | 6% | 9% | 10% |
| 8 White Horse Chariot | Hedge with 8 OTM Option Buy | Coverage of Risk is lesser in this case and Rewards are saved more | After 2 months, if you are enjoying profits and are confident on how this strategy works, move to this Option | 75,000 | 15% | 5% | 10% | 13% | 14% |
| 12 White Horse Chariot | Hedge with 12 OTM Option Buy | There is no coverage of risk in this case & its only to optimize Rewards | Not recommended until 6 months of trading on above options. This is HIGH RISK / HIGH REWARD | 75,000 | 17% | 7% | 12% | 15% | 16% |
The strategy takes overnight position
- New Entry every Friday morning at 9:25 and
- Strategy Exit at 3 PM on Thursday (Weekly Expiry)
- It works great with most of the brokers, as it will always Sell ATM Strikes.
- It takes a directional Bullish position by Selling Nifty Put Options AND Bearish Position by Selling Nifty Call Options
- Hedged Algos listed above will take OTM Strikes and you need to check with your broker & make sure FAR OTM strikes are allowed
- Aliceblue and few other brokers allow FAR OTM strikes. Zerodha & many other brokers do have issues with FAR OTM so pls make sure if your broker allows 4, 8, 12 OTM strikes based on the Algo you deploy
- Best way to find is to place a OTM Buy order and see if it goes through & square of the positions immediately.
- If the broker gave you an error, then the Hedged Algo won’t work on your broker & you will need to find another option
- Please do paper-trade for few weeks / months and understand how it works / performs before going LIVE
RISK / REWARD
- The max drawdown has been 18% on the capital required historically.
- Please make sure you earn atleast 20% on your capital, for every 1X increase in your Multiplier
- DONOT increase multiplier looking at the results, as you need to save your capital in case of drawdowns
- If you don’t follow the above Rule, you’ll surely face problems at some time in future
- There is no Stop Loss in this system and it will exit based on the signals generated by the Strategy
- It has a target of 75% of the premium and then takes the next ATM strike in the direction of the trend
THINGS NOT TO DO
- Please don’t change the multiplier during the week.
- The only time you should increase / decrease your X Multiplier is between Thursday after market hours and Friday before market hours
- If you change your multiplier in between the strategy will not work properly and you WILL incur losses
This strategy is absolutely FREE to use, no strings attached
- Test the strategy on 1X on paper trade
- Or deploy on real account for 1 to 2 months and see how it works for you.
- Our “self interest” in offering this for Free is: it makes us feel good that we are contributing to retail traders. That’s all..!
- Our intent to earn money is through trading our own Algos and not through commissions & fees from retail traders
- That’s just who we are. ENJOY 🙂
Strategy Statistics
| Totals | |
| Capital | ₹ 75 K |
| PNL | ₹ 155.9 K |
| Drawdown | ₹ 19.4 K (26%) |
| Std Deviation | 0.70% |
| Sharpe Ratio | 3.54 |
| Month | PNL | PNL % |
| Apr, 21 | ₹ 7.9 K | 10.56 |
| May, 21 | ₹ 26.6 K | 35.5 |
| Jun, 21 | ₹ 14.7 K | 19.58 |
| Jul, 21 | ₹ 13.1 K | 17.44 |
| Aug, 21 | ₹ 21.9 K | 29.15 |
| Sep, 21 | ₹ -2.4 K | -3.23 |
| Oct, 21 | ₹ 25.6 K | 34.11 |
| Nov, 21 | ₹ 20.5 K | 27.32 |
| Dec, 21 | ₹ 10.8 K | 14.35 |
| Jan, 22 | ₹ 20.7 K | 27.56 |
| Feb, 22 | ₹ -3.3 K | -4.45 |
9.5Expert Score
12 Whitehorse Chariot - By QuantumLabs Customer Reviews
Hedge with 12 OTM Option Buy -
- There is no coverage of risk in this case & its only to optimize Rewards
- Not recommended until 6 months of trading on above options. This is HIGH RISK / HIGH REWARD
Additional information
Specification: 12 Whitehorse Chariot – By QuantumLabs | Nifty Directional Option Selling Strategy
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