Advanced Wizard · Multi-leg F&O

A multi-leg options strategy builder with the rules option traders use

The Advanced Wizard builds multi-leg F&O strategies with more control than the Option Wizard: entry by weekday or days to expiry, range breakouts, re-entry, moving the stop-loss to cost, and tranching.

Check the payoff, save it, and backtest it, including a parameter sweep, before you deploy.

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Multi-leg F&O Range breakout and re-entry Parameter sweep backtests

Sample screen

A sample multi-leg setup

The entry rules and two legs of a sample strategy, with the per-leg options the Advanced Wizard adds.

Advanced Wizard · Entry and positionsSample

F&O · Intraday Start 09:30 · End 15:15 Entry based on: Days to expiry · 2

Leg	B/S	Strike	Expiry	Extras
1	Sell	OTM 2 · CE	Current week	Range breakout 15 min · Move SL to cost
2	Sell	OTM 2 · PE	Current week	Re-entry up to 2

Exit: Stoploss MTM 1% of capital Backtest · Parameter sweep

Illustration only, not investment advice.

How it works

How the Advanced Wizard works

[ 01 ]

Set the entry

Name, intraday or positional, start and end time, and entry by weekday or by days to expiry.
[ 02 ]

Add the legs

Add each leg with its strike (ATM, or up to 20 strikes in or out of the money) and expiry. Add range breakout, re-entry, move stop-loss to cost or tranching to any leg.
[ 03 ]

Set the exits

Profit and loss limits as a percentage of capital or an amount, a trailing stop-loss, exit on expiry or after a number of days.
[ 04 ]

Check the payoff and save

Look at the payoff, save, then backtest it, run a parameter sweep, or deploy.

When to use it

Use the Advanced Wizard when the Option Wizard's questions are not enough but you still want a guided builder rather than writing conditions in the Strategy Builder.

Questions

Common questions

What can it trade?

F&O. Each strategy is a set of option and futures legs on one underlying.

What is a parameter sweep?

A backtest that runs the same strategy across a range of values for a setting, so you can see how sensitive it is to that setting.

What is range breakout?

A leg that enters only when the price breaks out of the range it made over a period you choose.

How is it different from the Option Wizard?

It adds entry by days to expiry, per-leg range breakout, re-entry, move stop-loss to cost and tranching, and parameter sweeps.

Build the multi-leg strategy with the rules you trade by

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Illustration only, not investment advice. Trading in securities and derivatives carries risk. Check how a strategy behaves in a backtest and in Live Offline before you trade it with money.

A multi-leg options strategy builder with the rules option traders use

A sample multi-leg setup

How the Advanced Wizard works

Set the entry

Add the legs

Set the exits

Check the payoff and save

When to use it

Common questions

Build the multi-leg strategy with the rules you trade by