NIFTY Options Breakout Strategy by maheshxlent
By maheshxlent
Performance Metrics
- Author: maheshxlent
- Symbol: NSE:NIFTY251230C26000
- Timeframe: 5 minutes
- Net P&L: +13,827.86 INR (+55.31%)
- Win Rate: 52.9%
- Profit Factor: 2.348
- Max Drawdown: 7,411.14 INR (21.31%)
- Total Trades: 17
Description
This strategy trades NIFTY 50 Options (CALL & PUT) using 5-minute breakout logic, strict trend filters, expiry-based symbol validation, and a dynamic trailing-profit engine.1️⃣ Entry LogicOnly trades NIFTY 50 options, filtered automatically by symbol.Trades only between 10:00 AM – 2:15 PM (5m bars).Breakout trigger:Price enters the buy breakout zone (high of last boxLookback bars ± buffer).Trend filter:Price must be above EMA50 or EMA200,AND EMA50 ≥ EMA100 (to avoid weak conditions).Optional strengthening:EMA20>EMA50 OR EMA50>EMA100 recent cross can be enforced.Higher-timeframe trend check:EMA50 > EMA200 (bullish regime only).Start trading options only after expiry–2 months (auto-parsed).2️⃣ One Trade Per DayMaximum 1 long trade per day.No shorting (long-only strategy).3️⃣ Risk Management — SL, TP & TrailingIncludes three types of exits:🔹 A) Hard SL/TPHard Stop-Loss: -15%Hard Take-Profit: +40%🔹 B) Step-Ladder Trailing ProfitAs the option price rises, trailing activates:Max Profit Reached Exit Trigger When Falls To≥ 35% ≤ 30%≥ 30% ≤ 25%≥ 25% ≤ 20%≥ 20% ≤ 15%≥ 15% ≤ 10%≥ 5% ≤ 0%🔹 C) Loss-Recovery ExitIf loss reaches –10% but then recovers to 0%, exit at breakeven.4️⃣ Trend-Reversal ExitIf price closes below 5m EMA50, the long is exited instantly.5️⃣ Optional Intraday ExitEOD square-off at 3:15 PM.6️⃣ Alerts for AutomationThe strategy provides alerts for:BUY entryTP/SL/Trailing exitEMA50 reversal exitEOD exit