How to ๐ฏ๐๐ถ๐น๐ฑ/๐ฏ๐ฎ๐ฐ๐ธ๐๐ฒ๐๐ a strategy ?
๐ธ Idea/Hypothesis
๐ธ Specify entry,exit, SL
๐ธ Position Sizing and Risk Mgt.
๐ธ Trade log and Backtest Report
๐ธ Test in diff. market conditions
๐ธ Optimise the strategy
๐ธ Track Real Time
๐ธ performance Deploy
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What is Closest Premium Range ?
Closest Premium is a strategy where we select options not based on strikes like ( ATM , OTM 100 OTM 200 etc) but rather based on premium values like 200 , 300 etc
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๐ธ If select Closest Premium near 100 then this will be approx 600-700 points OTM on Friday ,300 Points Otm on Wednesday but Atm on Expiry day
๐ธ So This is good for capturing decay on other days as we are selecting far away options and coming near Atm on Expiry
[4/16]
๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ญ:ย ๐ต:๐ฏ๐ฌ ๐๐บ ๐ฎ๐ฌ๐ฌ ๐๐ฃ๐ฅ๐ธ Time : ย 9:30 AM
๐ธ Instrument : Banknifty
๐ธ Strike : Nearest to 200 Rs be it any Strike price
๐ธ Stoploss : 40% Per leg, SL move to Cost
๐ธ Exit : 3:00pm or Stoploss
๐ธ Days :Everday except thursday
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๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐๐ต๐ฎ๐ฟ๐ฎ๐ฐ๐๐ฒ๐ฟ๐ถ๐๐๐ถ๐ฐ๐
๐ธ As we move closer to Thursday the premium comes near Atm and will be ITM Approx 200 Points and cannot be traded
๐ธ Will become Directional As well if one side Stoploss hits and loss is max around 80 Points
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๐ธ Mostly Non Directional on Fridays , Mondays and as Premium will OTM approx 200-300 points
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๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ฎ : ๐ง๐ต๐๐ฟ๐๐ฑ๐ฎ๐ ๐ญ๐ฌ๐ฌ ๐๐ฃ๐ฅ๐ธ Time : 10:00 AM
๐ธ Instrument : Banknifty
๐ธ Strike : Nearest to 100 Rs be it any Strike price
๐ธ Stoploss : 30% Per leg, NO SL move to Cost
๐ธ Exit : 3:00pm or Stoploss
๐ธ Days :Thursday
๐ธ Mostly trading at ATM
[8/16]
๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ฏ :ย ๐ญ๐ญ:๐ฌ๐ฌ ๐๐บ ๐ญ๐ฑ๐ฌ ๐๐ฃ๐ฅ๐ธ Time : 11:00 AM
๐ธ Instrument : Banknifty
๐ธ Strike : Nearest to 150 Rs be it any Strike price
๐ธ Stoploss : 30% Per leg, SL move to Cost
๐ธ Exit : 3:25pm or Stoploss
๐ธ Days : All or except Thursday
[9/16]
You can set up the same code in ๐ค๐๐ฎ๐ป๐๐ถ๐ฝ๐น๐ and ๐๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ฆ this Strategy
https://t.co/71qJopwi0J [10/16]
๐ ๐จ๐ฆ๐ง ๐ช๐๐ง๐๐ the Complete 22 Min Video to understand the strategy better !
https://t.co/v1KynrKDav [11/16]
Note :
I Personally do trade this variation of the the above Strategy and have found out good results
[12/16]
๐ธ ๐๐ถ๐ป๐ฎ๐น ๐๐ฎ๐ฐ๐ธ๐๐ฒ๐๐ ๐๐ถ๐๐ต ๐ฌ.๐ฑ% ๐ฆ๐น๐ถ๐ฝ๐ฝ๐ฎ๐ด๐ฒ
๐ธ R:R=1.17
๐ธ MDD = 24 days
๐ธ Very few red months or breakeven months
๐ธ Cost of strategy will come down if you use 0 brokerage or trade with higher no of lots
๐ธ Cann add This with other baskets and test.
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๐๐น๐น ๐บ๐ ๐ข๐ฝ๐๐ถ๐ผ๐ป ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฒ๐ ๐๐ถ๐ป๐ธ :
https://t.co/zt17bGCKZB [14/16]
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[15/16]
๐ธ ๐ง๐ฒ๐น๐ฒ๐ด๐ฟ๐ฎ๐บ ๐๐ถ๐ป๐ธ :
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https://t.co/aMrwDbnDHP [16/16]
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