Unlike other positional strategies available, Banknifty Weekly Option Short Algo WDOS is a Bot for Banknifty options positional algo Trader which is based on Banknifty Option short.
Banknifty WDOS, have predefined Target, but no stoploss. This Banknifty Option swing trading algo bot is typically Bear Call spread or Bull Put spread. Where based on signal, the bot shall either Short ATM Call and Buy OTM Call or Short ATM Put and buy OTM Put. If Banknifty gives downtrend then the bot takes Bear Call Spread position and If Banknifty gives uptrend then the bot takes Bull Put Spread.
To begin with margin, it is approximately Rs. 40K – 50K or less .
Risk and Reward:
Compare to NIFTY, Banknifty is generally high volatile. As a result, this bot has a potential to give higher return during trending market condition. In summary it works well in trending market and high volatile market this bot shall give us good return. During choppy market condition this bot shall fail.
In order to know more about this Bot you can visit our Marketplace.
Although, we prefer not to commit on any profit ratios per month. But as per the last few month’s real trade history this bot can generate 5% return on investment, monthly.