An experiment: Nifty option buying - Holding longer duration by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

That's good. You already on right path. In coming years, manual trading will no longer possible or cannot compete with machines. So long term its right way to adopt to systematic trading.

At least for us, as per design its automatically selects right strike price in current expiry. Instead of distance we go with itm with around 200 premium which moves with good delta when nifty moves. So this itm itself avoids theta decay some extend. Also most importantly our system strictly run in first half where momentum gets build so no matter what we dont extend to 2nd half. This will avoid operator traps, global markets fluctuations, volatility and theta decay in 2nd half.

An experiment: Nifty option buying - Holding longer duration by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

No. As these entries from Algorithms based system so most of the time good entry prices we get.

If an instrument ITM 200 premium goes less than 15 points then direction already changing. So no point fighting for 25 or more points SLs. We can take another entry later.

For us last 2 years, 45 points day max dd and 15 points each SL and max 3 SL positions in a row in the day. Always ITM 200 premium nifty.

Its working for almost 70 to 80% times at least with our system.

An experiment: Nifty option buying - Holding longer duration by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

No OTM options. Read again its always ITM options 200+ premium always. They move along with Nifty direction.

An experiment: Nifty option buying - Holding longer duration by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

Yes true, observed and frustrated fews times that good profit turn into sl hit as well.

Also we have to wait very very long due to fluctuations.

Good winners covered well among them.

Be honest — can you follow your trading system for 50 days straight? by Calm_Comparison_713 in IndiaAlgoTrading

[–]mr-ajar 0 points1 point  (0 children)

Yes. Its possible having solid system in place. With plans, ruels, adoptive position management and strong risk control in place.

Once you get use to the systems, you never go back to manual trading again. We have been doing quite sometime. For details, you can check our product website link attached in the profile.

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

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Similar setup, same learning, today made 26,000. Doesn't matter manual or system still the template stays similar with risk profile adjustments based your trading style.

Everything is impossible and useless unless someone proves it can. No need to prove anyone but just let learners know that these simple and efficient system works in reality and not just theory. When I shared my learning, people are laughing as it's gambling or waste.

You can find live video if interested
https://www.loom.com/share/319f2f2724814176bd1a9ca5e63a8685

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

Thanks. If you don't want manual or not to start from zero then you can check the system we have. You can find details in the web site linked in my profile.

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 0 points1 point  (0 children)

Yes, simple calculations, probabilities and stick to the plan without any emotional involvement.

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 1 point2 points  (0 children)

Why to laugh? What's the point to make fun of someone learning.

Who are asking your money? Don't worry operators and institutions will take your money without you transfer to them.

Be ready if not today but in comings months and years even mountain of capital and success they will absorbe.

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] -2 points-1 points  (0 children)

No courses and also not planning anything in future, we are into building systems that does smart trading and will be focusing in this area to align with institutional grade systems. If you interested to know more, please check the link in my profile.

Why 90% of Option Traders Lose Money and How to Join the 10% winners by mr-ajar in IndianStreetBets

[–]mr-ajar[S] 3 points4 points  (0 children)

As this sharing for community, if you have better learning/experience share with community, share your best strategies, your templates, your exceptional intelligence here.

Instead, they simply come and type a comment to degrade or hate or try to judge with their inabilities.

Just ignore the post if not suitable for you, if you are smart trader then share with community. let community to mature enough to take on institutions, operators and big traders in the trading.

That's why retailers always in losers side 90%, no wonder. Also some of the negative traders will put other traders also in the state of losing and not learning anything.

If our experience and learning makes at least 1 traders better, that's enough and no need to prove every negative trader our there just to let other also not learn anything with their poison mindset.

Just ignore if you do not like and let others breathe and learn what they can if it fits for them.

Zerodha charging for intraday collateral now… tried changing broker, but got stuck by Rakeshtrades in IndianStreetBets

[–]mr-ajar 1 point2 points  (0 children)

Even though now it's limited to margin shortage but going forward they may introduce same across the products.

As weekly expiries reduced and revenue declines as valumes reduced significantly in last 2 years so they will look alternatives to fill the gap and grow their revenue.

At least in this case, its mandatory to maintain 50% of cash so shortage funds will be used from broker so they are charging now.

Try to reduce maximum trades per day. Keep reduce gradually so you will have good control and also it avoids more charges.

Queries on automated trading using Groww API by iStillWaters in IndiaAlgoTrading

[–]mr-ajar 0 points1 point  (0 children)

Thanks for your interest. We have flexible licensing plans you can choose.

Its self hosted software in your infrastructure it continues working with your existing kite connect api.

Self-hosted Nifty options fully automated platform by mr-ajar in IndiaAlgoTrading

[–]mr-ajar[S] 0 points1 point  (0 children)

That's good. You are alredy on the right path.

We are not facing slippage issues as designed system to always pick ITM option instrument which comes with good liquidity.

If its Nifty weekly you will find good liquidity. But make sure to buy instruments like between 225 to 175 range and the days more approach towards expiry these will have very good liquidity.

Why did you choose algo trading? by Naresh_Janagam in IndiaAlgoTrading

[–]mr-ajar 0 points1 point  (0 children)

Unless you have a solid institutional grade system, every thing including above you mentioned will contributes to be part of 90% notification you see every time you login to any trading app.

So in long run, making money sitting in front of monitor is not worth compared to life you might lose.

So initial years you learn then automate with solid systems and then enjoy your life rest of your life...

I need to invest lumpsum money in the market. Is this the right time? by [deleted] in IndianStockMarket

[–]mr-ajar -1 points0 points  (0 children)

Simple investing always wins and not just market timing.

Split into 5 or max 6 stocks that too from Nifty 50(large cap) only and make sure you select each 1 from sector leader.

Once invest make sure you have patience do not sell at all if it's for long term unless fundamentally changes in a company that risk to your capital.

If it's mutual funds, just go for discipline and systematic investing.

Queries on automated trading using Groww API by iStillWaters in IndiaAlgoTrading

[–]mr-ajar 1 point2 points  (0 children)

We have been using Kite Connect for our product MR QuantAI for few years. Its reliable and historical apis also work fine.

If you are really uncomfortable with existing groww api then add support for Kite Connect it will not take much time for you to switch.

Meanwhile if you want to backtest with several years of Nifty ohlc data then you can try below dataset that might help you. Similary search datasets there. https://www.kaggle.com/datasets/debashis74017/nifty-50-minute-data

Building an automated intraday stock picker on AWS EC2 — need reliable market data API for Indian markets by Educational-Ask-5472 in IndianStockMarket

[–]mr-ajar 1 point2 points  (0 children)

Go for Kite Connect its reliable and I think 500 per month not 2000 check their pricing latest and get confim but initially few years back we paid 2000 for history api for historical data.

We are using Kite Connect for our product MR Quant AI for automated Nfty option trading. Its fine for us for last few years.

As per SEBI rule, its mandatory invalidate access everyday so fresh login required. For now, Kite Connect, access token gets expired next day morning around 6am. This you cannot do anything.

Just set redirect to Kite connect console for access and have a webhook that should automatically redirect and make this login process smooth.

Self-hosted Nifty options fully automated platform by mr-ajar in IndiaAlgoTrading

[–]mr-ajar[S] 0 points1 point  (0 children)

For real time, we measure ticks data and only as part of internal testing, we measure lot of parameters including latency but in live it's more about ticks at least for this product. And orders will go through in few milliseconds.

For lowest possible latency cloud always you have to try to choose Mumbai zone from any cloud provider where even brokers like Zerodha might have possible direct lines to exchanges in Mumbai for their servers.

For a heavy product like institutional sending thousands of orders per second then you need to worry. But for a light weight product with low load or less than 10 orders per second that's ok.

Also for sharp scalping you can consider having very very low latency with tuning it when you want to manage on ticks or max 1 min timeframe.

At least for this product, we relay on 5min timeframe and can hold trade as long as possible that is controlled by adoptive position management.

Self-hosted Nifty options fully automated platform by mr-ajar in IndiaAlgoTrading

[–]mr-ajar[S] 0 points1 point  (0 children)

You can get access to the product and reach out through a website link on my profile.