NIFTY Confirmation-First Option Buying System — Strategy by shahnwazbest
By shahnwazbest
Performance Metrics
- Author: shahnwazbest
- Symbol: BSE:BSX260716P77500
- Timeframe: 5 minutes
- Win Rate: 20.0%
- Profit Factor: 0.45
Description
pply it to the NIFTY underlying/index 5-minute chart, not directly to a random option premium chart. A BUY CE signal represents bullish confirmation; a BUY PE signal represents bearish confirmation.The current strategy backtests the underlying movement, so its Strategy Tester P&L will not equal actual option P&L because option premium depends on strike, delta, IV, theta, and expiry.The next version I would build for you should be more precise and include:Breakout → mandatory retest → confirmation entry, 1R breakeven, 1.5R swing trailing, daily ₹2,000 loss lock, ₹3,000 daily profit lock, and webhook alerts containing CE/PE strike-selection instructions.That version would match the personalized rules we created more closely