@BaluGorade I m Zerodha’s user … but today opened account in grow … believe me … once u enter the email id ure thrown out in a minute with new account in your hands !
One of my friend strategy...Can anyone backtest it.
1) Indicators used
He watches Supertrend (5-min, factor 6,3), 9 EMA, and daily Pivot/R1/S1/S2 levels to read market direction and strength.
2) Trend filter (call ya put)
If price is above R1, he looks to sell a Put. If price is below S1, he looks to sell a Call. If price is stuck between S1 and R1, he avoids trading altogether.
3) Entry timing
Instead of entering exactly at the obvious breakout level (where everyone else enters and the market maker expects it), he enters a little earlier or later — whichever is the lower of "2 points above high" or "5 points above close" — to avoid bad pricing.
4) Position
He sells the ATM (at-the-money) call or put of the current week's expiry — never both together — and only if the premium is under ₹120, to avoid high-volatility risk.
5) Exit rules
He exits when any one of these hits:
the Supertrend flips direction,
price moves 10 points against him.
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