The strategy is designed using CPR and Donchian Channels.
STRATEGY RULES: [1] We need to wait for "Sell Call" or "Sell Put" arrow on the chart. [2] Sell call or put on the next candle. [3] Sell call strike above CPR resistance and candle close above it will be stop loss. [4] Similarly, sell put strike below CPR support and candle close below it will be stop loss.
This strategy is purely based on theta decay principle. Hence, always use this strategy on weekly option. Also, never trade on Monday or Friday to avoid volatility. Hope you enjoy this strategy and become a professional trader.
Enjoy! :-)
Drop your message below if you have any doubts. Thanks.
Hi Nishant, I stumbled upon your strategy today and really liked the code and seems very profitable if combined with other indicators. Is there a way to simplify the alerts with just Buy or Sell option, the ones configured are very confusing, pls help. I would like to be able to use this with my Algo.
nilesh66in
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@VJind, Hi VJind, Can u please let me know which other indicators u r using with settings & T.F.
anuamit
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Not open on chart sir
darockra3123
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Can you add alert please
godugotijayaram
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Hi can you please add previous day high and low lines along with CPR 🙂