created : 1 year ago| |  live deployment: 21

created : 1 year ago |  live deployment: 21

TDSP - Theta Dynamic Straddle Positional

Strategy description

IMP: Major Addition in the Strategy of Overnight Legs has been done hence name change to TDSP, Original TDS is available on the below Original TDS

Strategy in Brief: 

An Intraday+Overnight Strategy that Sells an ATM Straddle in Nifty and Bank Nifty at a predefined time and predefined SL. In addition takes an overnight straddle on most cases to play for Overnight Decay (Multi-Counter)

Order Type:  NRML Order

Entry Time: 09:20 AM (Fri-Wed), 9:17 AM (Thursday)

Exit Time: 03:20 PM (Fri-Wed), 03:08 PM (Thursday)

Re-Entry till: 02:00 PM

SL per Counter: -3000 (Fri-Wed), -2500 (Thursday)

Target per Counter: 2000(Fri-Wed), 2000(Thursday)

Track our trades & performance via our Live Shared Code: 


For more details, you can check the below links:-

Telegram Group (Click to Join) 

Interactive Q&A by our Team

Telegram Channel (Click to Join)  

Important Announcements Only

Our website (Click to visit)

About us

Daywise Live Positions Bot (Click to visit)

Live Strategy Tracker on Telegram

Important Video Links

TDS 1-year Review Video

Strategy Combos

Understanding Strategy Correlation

Drawdown & Risk Management in Algo Trading

Broker Comparison for Algo Trading

Margin Requirement approximately 3.2 Lakhs.. and about 2L with Reducer.1 (OTM Margin Reducer)

How it Works

  1. This is an entirely intraday strategy, and you should keep patience with the postions taken and allow the postions to play and eat theta.
  2. The strategy has a fixed SL as a % of entry price per leg. This number is determined by back test to have the best possible return for you.
  3. The strategy makes money from theta decay and incase of a trending market, it will might make money from a directional move as well, mostly when there is a breakout in Intraday.

What to Do

  1.  Fire and Forget. Leave it in auto mode and see the magic. We recommend you put this strategy in TT Paper Trade for the first week, this will help you build patience required for sticking to the strategy.
  2. Be Patient. Allow the strategy to work. It only takes position once a day, adjustments are made with SL and exits the position by end of the day.
  3. The strategy will not be redeployed if SL is hit on both sides due to choppy markets.
  4. Recommended Multiplier is 5x to 20x. 
  5. You can however exit the strategy if you like the profits you have made. However, we recommend you eat theta with us.

What Not to Do

  1. Don't trade this strategy inconsistently. You need to give it at least 2 weeks in live before deciding if it is useful for you or not.
  2. Don't Panic, this strategy analyzes trade parameters every 5m, 10m and 15m before deciding the move. The objective is the remove the noise and remain in position and earn theta