Bank Nifty Multi-time frame ITM1 Strangle High risk High return

Entry: 0916 AM, 1130, 1330

Instrument: ITM1 based on Bank Nifty spot i.e. ATM - 100 CE and ATM + 100 PE based on Bank Nifty spot price

Stop-Loss: 

0916 Entry - 40% for each leg with one re-entry at cost

1130 Entry - 30% for each leg with one re-entry at cost

1330 Entry - 20% for each leg with one re-entry at cost

Exit: 15:23 PM

Capital: 5,55,000 

Sell ATM - 100 CE and ATM + 100 PE with SL of 40% on each leg. 1 Re-entry for each leg if after hitting the stop loss for the leg the price comes below the entry price on 1 minute closing candle for that leg. E.g. we sold 34400 CE and 34600 PE at 0916 at 100 each. Now say 34400 CE prices reaches 140 then it will be exited. After this if CE price reaches below 100, 34400 CE will be sold again with same 40% SL

Exit for above 3 positions will be 1523 

Slippage: 0.5%

Back testing and Actual result

I started trading this strategy from middle of April 2022 month and hence it shows loss in actual trades for Apr month whereas if traded for full Apr it was in profit as per back testing results.

Note(20-Sep-22). As this strategy is increasing draw down for my basket of strategies and currently I am in huge drawdown so stopping this strategy from 20-Sep-22 till my draw down improves

Note (26-Nov-22) I am out of drawdown now. Have not re-started trading this strategy. 

Actual trades do not include brokerage and other charges

Updated as on 25 Nov 2022 end of day

Back Testing Results

Actual Trade Results

( Started trading from 18-Apr-22

Stopped trading from 20-Sep-22)

Note: I am not a SEBI registered advisor and sharing strategies for learning purpose only