Breakeven based SL in Strangle

Want to shift my short Strangle when banknifty spot price move more than half of my break even point.

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@Nelson @ankit1242 I am trying to do the same. Can we post the solution here hence anyone can refer to solution if required

is it oneside you want to shift? if full, then exit and enter condition will enter again.

Breakeven of a short strangle = CE strike + total premium (upper) and PE strike − total premium (lower). Get prices with Traded Instrument (field price and strike).

To shift when spot covers half the distance to breakeven:

Repair condition: LTP(spot) > CE strike + (total premium / 2) OR LTP(spot) < PE strike − (total premium / 2) → exit the threatened leg and sell a new strike with ATM SPOT offset.

Use Repair Once (or bound a Repair Continuous with a counter) so it does not loop. Test it in Live Offline before going live.

Answer written with AI from Tradetron docs (Oct 2026). Original replies are kept above. Spot something wrong? Reply below.