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Nifty IC · Paper
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New Strategy
Name
Description
Sell OTM strangle, buy wings for protection. Entry Monday, exit on target or expiry.
Strategy Config (JSON)
{ "name": "Weekly Nifty Iron Condor", "description": "Sell OTM strangle, buy wings for protection. Entry Monday, exit on target or expiry.", "reference_timeframe": "15minute", "entry": { "logic": "AND", "conditions": [ { "type": "time", "subtype": "at", "time": "09:30" } ] }, "strikes": { "legs": [ { "role": "short_call", "option_type": "CE", "selection": "OTM", "offset": 2, "action": "sell", "qty": 1 }, { "role": "long_call", "option_type": "CE", "selection": "OTM", "offset": 4, "action": "buy", "qty": 1 }, { "role": "short_put", "option_type": "PE", "selection": "OTM", "offset": 2, "action": "sell", "qty": 1 }, { "role": "long_put", "option_type": "PE", "selection": "OTM", "offset": 4, "action": "buy", "qty": 1 } ], "strike_step": 50 }, "exit": { "logic": "OR", "conditions": [ { "type": "pnl_percent", "target": 50, "stop": -100 }, { "type": "expiry", "enabled": true } ] }, "fill": { "mode": "worst_1min", "slippage_pct": 0.05, "brokerage_per_lot": 40 } }
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