created : 1 year ago| |  live deployment: 2

created : 1 year ago |  live deployment: 2

TMS - Theta Mast Straddle

Strategy description

Strategy in Brief: 

TMS - Theta Mast Straddle

An Intraday Strategy that Sells a Straddle in Nifty and Bank Nifty at a predefined time and predefined SL. (Single-Counter)

Order Type:  MIS Order

Entry Time: 09:18 AM 

Exit Time: 03:01 PM 

SL per Counter: -4000

Target per Counter: Open Target with TSL

Track our trades via our Live Shared Code:  


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Important Video Links

Strategy Combos

Understanding Strategy Correlation

Drawdown & Risk Management in Algo Trading

Broker Comparison for Algo Trading

Theta Mast Index Straddle ( TMS ) System

An always paired system that works on price action of the underlying instrument (nifty and banknifty), works on a hybrid signal, with a part of signal being triggered from an external system with hybrid controls within tradetron.

Paired Nature provides consistent performance in the toughest of market conditions and has the capability to handle extreme volatility. 

Strategy takes extremely low trades -> below 250 trades in a month across both indices. 

                                                             Strategy will shift straddle 2 times max per index (Nifty and Banknifty).

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 makes money from theta decay and incase of a trending market, it will may fail to capture decay. 

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