Strategy description

Time Frame/BS  - Intraday - 1min/Fixed ;;;; Weekly - 3 min/15min  ;;;; Monthly - 5min/1hr 

Nifty Combo Straddle (Monthly)(positional)

 - Renko Closed Candle 

 - 2 Variables to be defined in Initialise variable 

(one for straddle BS and One for indiv legs)(0.05 and 0.10)

- less than 2 DTE  will Use Next week Expiry

 - time frame to be used for calculating BS = 1hr of prev candle close

 - Straddle to be 5% on Combined premium (no change here)

 - Indiv Leg (always OTM2) to be on 10% on indiv Price 

 - 1R1G for Exit

 - Overnight Hedge 

- Ltp + 100 for CE Side Straddle 

- Ltp - 100 for PE Side Straddle 

- if ltp >= ce_strike - 50 - buy 20% of ltp of ce_strike as hedge 

- if ltp <= pe_strike + 50 - buy 20% of ltp of pe_strike as hedge

Variation - 

-----Consider - full time Hedge

              a - always overnight hedge

          b - Start in different set with One time hedge and one time repair on 2x

-----Consider Strangle to see if drawdown is Lesser