Intraday Options/Futures Naked By TradeEarn

Intraday Momentum Strategy (Futures & Options)

Description: This is a specialized Intraday Momentum system designed for Indian Indices Nifty, BankNifty, FinNifty, Sensex and Crude Oil. It is engineered to simplify the automation process by standardizing quantity management for single-leg execution via third-party bridges.

Originality & Utility: Unlike standard momentum strategies, this script solves the complexity of position sizing across different asset classes. It features a custom "Smart Quantity" engine that automatically differentiates between Futures (Raw Quantity) and Index Options (Lot Multipliers), allowing traders to switch instruments without manually calculating order sizes.

Key Features:

Dual Mode: Supports both Futures (Long/Short) and Options Buying (Long CE / Long PE).

Smart Quantity Logic:

Futures/Crude: Inputs are treated as raw quantity (e.g., 1 Lot = 1 Qty).

Index Options: Inputs are automatically multiplied by the standard market lot size (e.g., 1 Lot Nifty = 25 Qty).

Rupee-Based Risk: Target, Stop Loss, and Trailing SL are defined in absolute Rupees (INR) rather than percentages, offering precise P&L control.

Choppiness Filter: Combines RSI and ADX to filter out low-volatility ranges.

Entry Logic:

Buy Signal: Green Impulse Candle + RSI > 55 + ADX > 20

Sell Signal: Red Impulse Candle + RSI < 45 + ADX > 20

Strategy Settings & Backtesting:

Commission: The strategy is backtested with a commission of ₹20 per order to reflect realistic net P&L.

Slippage: Users should account for realistic slippage in live trading, which is not factored into the script's hard values.




⚠️ Disclaimer & Statutory Warning
Strictly for Educational & Backtesting Purposes

1. SEBI Registration Status: The author of this script/strategy is NOT a SEBI registered Research Analyst (RA) or Investment Advisor (IA). This tool is provided solely to assist in backtesting logic and educational analysis. It does not constitute a recommendation to buy, sell, or hold any securities.

2. Market Risk: Investment in the securities market, particularly in Derivatives (Futures & Options), is subject to market risks. You may lose your entire capital. Please read all related scheme documents carefully before investing.

3. No Guarantees: Past performance of this algorithm (as shown in backtest results) is not indicative of future performance. Market conditions change, and slippage or execution errors can occur during live trading.

4. User Responsibility: By using this script, you acknowledge that you are solely responsible for your own trading decisions and financial losses. You are advised to consult a SEBI-registered financial advisor before deploying real capital. This script is intended for manual or semi-automated analysis and may not be compliant with high-frequency trading (HFT) regulations.