A little offbeat question
expecting reply from u guys.
I have almost finished making a mechanical system and rit now im doing demo testing (manual backtesting) on it system is working gud on nifty and any other index or stocks .so iam planning it using on nifty charts (cash market) for intraday , though it is not a pure intraday system sumtim it gives over the night trade .
So im planning that instead of doing trading in cash market i will trade the nifty options by using system on nifty cash market charts.i will be only buying puts when system gives sell signal and buying calls when system gives buy signal.also i will be trading atm or lill itm strikes .sole reason is the delta value associated with it.
So is this possible ?
trading in options using charts of cash market .if possible then my choice of strike price is correct?
Expecting a reply
Thank you
Amit.