created : 2 years ago| |  live deployment: 2

created : 2 years ago |  live deployment: 2

Low Iron-Fly (Classic)

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Strategy description

Intraday strategy which trades Banknifty Iron-fly every day. The strategy adjusts its positions based on market movements to smoothen the curve.  

Shared Code:  

Capital Required: 1 lakh
Entry time: between 9.15am and 9.30am 

Exit time: Between 3:00pm and 3.25pm


1. Can I deploy any time or is there any suggested time?

Ans: Yes, the algo can be deployed any time. 

2. Can I increase or decrease multiplier when the trade is active?

Ans: Do it after market close, not during active trade. 

3. I have exited manually, how to re-enter?

Ans: Next entry is next day.

Test with paper trade and then go-live if it is interesting. 


Although the algo takes care of the entry, exit, adjustments, you are advised to keep an eye over the account to watch for any errors which could be due to margin shortage or technical issue etc.


Disclaimer: I am not SEBI registered advisor or Portfolio Manager. I do not take responsibility for any losses that might occur as a result of deploying this strategy nor do I guarantee any returns. If you are not aware of risks associated with FNO trading, you are strongly recommended to understand, analyse and then trade on FNOs.