created : 1 month ago| | live deployment: 175
Penguin Cave is a SMART BANKNIFTY OPTIONS SELLING STRATEGY sell intraday BankNifty options with adaptive parameters for strike, entry time, exit time and stoploss. The system will continuously identify best parameters for each day based on historical performance. This is best BankNifty option selling algo for small accounts looking for consistent returns with limited risk.
### PLEASE READ FOLLOWING DETAILS CAREFULLY (ESPECIALLY BOLD PARTS)
Daily Target and Stoploss
This algo has a daily stoploss of approx. 4K on 1x multiplier. It has no daily target limit and lets the trades run until square off time (except for expiry where it books at Rs. 2).
Product Type and Square Off
This algo trades only intraday using MIS orders and all trades are squared off by 3:05 PM.
The algo can have maximum 2 lot BankNifty short option trades open at given time on 1x multiplier. That is 15K margin requirement as per Alice Blue. We also suggest keeping 10K additional MTM buffer. So total capital required in this case is 25K for 1x multiplier.
If you have different broker, please use their margin calculator and related information to calculate how much margin you need to keep. Please do not send us queries asking about how much margin you will need, you have to do your homework.
We are happy to announce that for the year 2020 Paper Street has switched to an OPTIONAL PROFIT SHARE model! That means we will not raise any mandatory profit share invoices for our clients. At the end of the month, the clients can pay whatever they like or even nothing at all :D
TO FIND ANSWERS TO ALL YOUR QUESTIONS, GO TO www.paperstreet.capital/faq
Automated Trading is NOT Unsupervised Trading
Good Past performance is no guarantee of future results. It also extends to the fact that you shouldn't discount an algo simply because it's done poorly recently as it can revert to its 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.
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