Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Iron Condor Spread – Amibroker AFL code

42 sec read

Iron Condor Option Strategy comes into the picture when you’re anticipating minimal movement on the stock/index within a specific time frame and the best part is your risk is pre-determined.

Typically Iron Condor involves selling one call while buying another call with a higher strike and selling one put while buying another put with a lower strike of the same expiration month.

Iron Condor

[wp_ad_camp_5]

 
Iron Condor Spread

Iron Condor Option Spread

Procedure to Setup Iron Condor Spread

1.Download Iron Condor Spread.afl code to Amibroker/Formulas/Options Spread directory
and Unzip the file. Create Options Spread Directory if it doesn’t exist.
2.Open Amibroker->File->Open New Blank Chart
3.Now on the Left Pane goto Charts->Option Spread and drag and drop Bear Iron Condor Spread to the blank chart.
4.Bingo! you got the Spread chart.
5.To Change the spread right click over the charts and goto Parameters where you have control to change the Put strike A, Put Strike B, Call Strike C and Call Strike D prices as shown below

Iron Condor Spread Settings
Iron Condor Settings

Prerequisite
Realtimedatafeed for Amibroker which Supports NSE Options.

Visit here to download Bear Call Spread and Bear Put Spread – Amibroker AFL code

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Plotting Day Wise Equity Curve using Amibroker

We know that Amibroker provides an equity curve for the whole strategy. Is there a way where we can build a simple Day Wise...
Rajandran R
1 min read

Simple Open Range Breakout Trading System with Exploration –…

Opening Range is very often a measure of security high and low generally monitored by breakout traders to gauge the sentiment of the market....
Rajandran R
5 min read

Range Filter – Trading Strategy – Amibroker – Better…

Range Filter is a non-ATR-based trend following strategy inspired by Tradingview Pinescript coder - DonovanWall. According to him, Range Filter is an experimental study...
Rajandran R
4 min read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More