created : 2 months ago| | live deployment: 0
Strategy description
Bear Call Spread
Strategy Overview
Logic: Sell a lower strike call, buy a higher strike call to profit from index staying below lower strike.
Use Case: Bearish to neutral, defined risk.
Type: Intraday.
Logic: Sell a lower strike call, buy a higher strike call to profit from index staying below lower strike.
Use Case: Bearish to neutral, defined risk.
Type: Intraday.
Strategy Parameters
All variables in the "Initialize Variable" section must be defined, or the strategy will fail.
Target on sell leg
Purpose: Sets the profit target percentage.
Configuration: Set to 50% from the entry price.
Set: Enter a number (e.g., 50 for 50%).
Example: target = 50.
Stoploss on sell leg
Purpose: Sets the loss limit percentage.
Configuration: Set to 25% from the entry price.
Set: Enter a number (e.g., 25 for 25%).
Example: stoploss = 25.
Strike Offset
Purpose: Sets the points to offset the strike from the At-The-Money (ATM) level. to go above in strike enter the number in positive and to go below in strike enter number in negative.
Configuration: Set to ATM based on spot price (no offset).
Set: Enter 5 for 1 strike above ATM or -5 for 1 strike below ATM.
Example: buy_strike_offset= -15 , sell_strike_offset = 15.
Entry Time(in EST)
Purpose: Sets the trade entry time in 24-hour format (Tradetron).
Configuration: Not specified, default to 4:01 PM (market opening).
Set: Use HHMM format (e.g., 1601 for 4:01 PM).
Example: entry_time = 1601.
Exit Time(in EST)
Purpose: Sets the trade exit time in 24-hour format (Tradetron).
Configuration: Exit at 3:30 PM.
Set: Use HHMM format (e.g., 1530 for 3:30 PM).
Example: exit_time = 1530.
Important Notes
:- Update the initilize variables when strategy is in exited mode or after market hours, it will not take iffect if updated in running strategy.
:- Ensure all variables (target, stoploss, strike_offset, entry_time, exit_time) are defined in the "Initialize Variable" section.
:- Incorrect or missing values will cause the strategy to fail.
:- Verify configurations align with the market outlook and trading requirements.
:- Update the initilize variables when strategy is in exited mode or after market hours, it will not take iffect if updated in running strategy.
:- Ensure all variables (target, stoploss, strike_offset, entry_time, exit_time) are defined in the "Initialize Variable" section.
:- Incorrect or missing values will cause the strategy to fail.
:- Verify configurations align with the market outlook and trading requirements.
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