Rex Bot 2.0
AN INTRADAY TRADING BOT
REX BOT 2.0 is a ferocious intraday trading bot developed by Team Auric which automates trading of BANK NIFTY options. It captures the trend of the market and discovers the entry points using concepts of retracement. The exit points are determined dynamically in a manner that reduces drawdown.
This bot uses inputs from price action aspects and indicators to corroborate them. Interestingly, one can use the bot even for a single option contract.
The bot maintains a risk reward ratio of at least 1:1 and extends up to 1:3.
The performance of the bot can be seen here.
Prerequisites -
One needs to enable 2 factor authentication in the trading account.
Minimum of 1 lot shall be traded. Hence, the capital required must be in the account. Collateral margin can be used as well.
How to trade?
Login to the website and then login to your broker's account from the 'bot section'.
After completing the 2 factor authentication switch on the bot and let it run for the entire day.
That's it. A bot is at work. You can relax.
Notes
The bot can be switched off by the user during the trading session.
The bot shall not take any trade on the day of expiry i.e. Thursday.
The bot is integrated with Zerodha, Fyers and Alice Blue at the moment. Users of Zerodha would have to additionally purchase API from https://kite.trade/ at a cost of Rs. 2000 per month. Users of Fyers and Alice Blue can use the API without paying any charges.
Avail 100% discount* on the bot if Fyers account is opened via this link.
Avail 20% discount on the bot if Alice Blue account is opened via this link.
This bot shall trade a maximum of 10 lots at a time. If more of it is needed, kindly ask us to customize it for you.
*Terms and Conditions apply.
Setup the bot
After purchasing the bot, click here if you have a Zerodha account and click here if you have a Fyers account.
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