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Zeta Index Positional

9,999.00 / 30 days

Totals
Capital 110 K
PNL 86.5 K
Drawdown 32 K (29%)
Std Deviation 0.49%
Sharpe Ratio 4.01
Category:

Description

Strategy in Brief:

A Positional Strategy that Sells directional option spreads in Banknifty and Nifty.
This strategy may not work with brokers that restrict otm strikes (+/- 1000 in BankNifty and +/- 600 in Nifty). Please check with your broker before deploying.
Please do Paper trade for 1-2 weeks before deploying in live.

 

 

Ideal Day to deploy, 1st day of new expiry before market open

 

How it Works

  1. This is a positional strategy strategy, and you should keep patience with the positions taken and allow the positions to play and eat theta.
  2. The strategy has a fixed SL as a % of entry price per leg and the target is also fixed as a % of entry price of the leg. This number is determined by back test to have the best possible return for you.
  3. The strategy makes money from delta moves and theta decay and incase of a trending market, mostly when there is a breakout.

What to Do

  1.  Fire and Forget. Leave it in auto mode and see the magic. We recommend you put this strategy in TT Paper Trade for the first week, this will help you build patience required for sticking to the strategy.
  2. Be Patient. Allow the strategy to work. It may take multiple positions during the day. It may also not carry any overnight trades if it feels there is no Risk vs Reward to do so.
  3. The strategy runs from first day of expiry to the last day of expiry, it will end on its on on expiry you dont need to do any manual actions. If you decide do exit mid week we request you to wait till the next week to start a fresh
  4. Recommended Multiplier is 1x to 10x.
  5. You can however exit the strategy if you like the profits you have made. However, we recommend you earn from delta and eat theta with us.

What Not to Do

  1. Don’t trade this strategy inconsistently. You need to give it at least 2 weeks in live before deciding if it is useful for you or not.
  2. Don’t Panic, this strategy analyzes trade parameters frequently before deciding the move. The objective is the remove the noise and avoid congestion instead of being desperate to take a position and earn theta.

 

Our Strategies portfolio is as below :-

  1. Gamma – Positional Option Buying Strategies
  2. Theta- Intraday Option Selling Strategies (Straddle/Strangles)
  3. Delta – Swing Positional Futures Strategies
  4. Zeta – Positional/Intraday Option Selling Strategies

Recommendations

We highly recommend that people must have a basket of strategy to get a smoother equity curve with less drawdown. Please feel free to contact us so that we can make a basket according to your risk appetite.

 

Totals
Capital 110 K
PNL 86.5 K
Drawdown 32 K (29%)
Std Deviation 0.49%
Sharpe Ratio 4.01
Month PNL PNL %
Mar, 22 40.3 K 36.62
Apr, 22 26.2 K 23.85
May, 22 -15 K -13.66
Jun, 22 22.5 K 20.41
Jul, 22 16.9 K 15.36
Aug, 22 -4.3 K -3.94

 

Disclaimer : These results are based on simulated or paper trading or hypothetical performance results that have certain inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

 

Risk Disclaimer: –

We are not SEBI registered analyst. NO claims, rights reserved. We are not responsible for your profit or loss. Please Consult Your Financial advisor before using this indicator. Algo Trading does not mean a money-making machine, it is helpful in avoiding emotional trades, following rules, managing money and executing trades quickly. There will be downside, as well as upside we need to stay sticked with strategy. In Algo Trading there may be slippage, error in terminal or any technical issue. Although it is 100% fully automated trading, you are advised to keep a watch over the account to monitor any significant deviation. Algo Wise is not responsible for any losses.

Happy Trading!