Strategy description

This is a systematic Iron Condor strategy where hedge legs are constructed first, followed by the short legs. This structure ensures that excessive margin is never called—neither during setup nor while managing open positions.

As the market moves, the strategy actively maintains delta neutrality at the portfolio level:

• In an upward move, the put legs are rolled up to align with the call delta

• In a downward move, the call legs are rolled down to align with the put delta

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All adjustments are made only to the short legs. The hedge legs remain fixed, providing a defined-risk framework and stable margin profile throughout the trade lifecycle.

The strategy is designed to operate simultaneously on both NIFTY and SENSEX. Even though the two indices are highly correlated at the index level, they offer different weekly expiry cycles and days-to-expiry (DTE). This structural difference introduces meaningful diversification, allowing the strategy to distribute risk and opportunity across expiries despite similar underlying price behavior.

You can review the strategy’s verified live trade history by clicking the “View Live Trades” button on the marketplace. New Traders are advised to paper trade for a few days to get comfortable with the behavior and results before going live.

Key Parameters

Error Management in Live Deployment

1. If execution issues occur during live deployment, the “Error Execution – Manage” option will be visible on the Tradetron page.
2. Try Again: Resolve the issue and retry the execution.
3. Cancel: Not recommended, as the strategy may attempt the trade again.
4. Completed Manually: Mark the trade as completed after executing the pending trade manually at the broker’s end.

End-of-Day Scenarios

1. If an error occurs, corrective action can be taken as described above. However, even if left unattended, all positions are created as intraday (MIS) positions and will be automatically closed by the broker before market close. This ensures no carry-forward risk to the next trading day.
2. If the strategy ends in an error state after market close, simply reactivate it the next day. The strategy will start fresh since all erroneous positions would already have been closed by the broker automatically.

Important Notes

1. Occasional execution errors, even if left unattended, will not significantly impact results as hedges are always present.
2. The system is designed for all market types.
3. A very low or zero brokerage account is recommended, as this strategy generates approximately 20 orders per day due to frequent hedge adjustments.
4. This is a true “Set and Forget” strategy.

Support Contact

Email: [email protected]
Phone: 9920201200