Straddles and strangles from the AI Strategy Finder

The AI Strategy Finder also finds straddles and strangles: a call and a put sold (or bought) together at a fixed time each day. When you buy one there, Deploy sends it to TradeBots, which runs it every day with the same rules.

The bot is filled in for you: the entry and exit times, both legs, the strikes, every stop and target, and the day filters. You only choose the name, the broker account and Forward Testing or Live.

On the strategy page in the Finder, press Deploy, then Open in TradeBots. TradeBots’ New Strategy page opens with the strategy loaded. Or copy the strategy ID there and paste it into Import from AI Strategy Finder on TradeBots’ New Strategy page. It works only in the same Bluechip Algos account that bought it. If your account includes TradeBots (Platinum, or a TradeBots plan), the page opens with you already logged in. If not, it opens without logging you in so you can look at the strategy; saving it then asks you to log in with an account that has TradeBots, with a See plans link.

A straddle or strangle that enters at a fixed time is imported into TradeBots. One that enters or exits on a signal from the index goes to Trade Builder instead — each app tells you if you paste it into the other one.

• Entry — at the entry time it places both legs together. If one leg cannot be placed, neither stays open.
• Day filters — if the strategy has them (for example expiry day), the bot checks them on the 5-minute candle that closes at the entry time and skips the day when they are not true.
• Exits — each leg’s stop loss, target, trailing stop or stop to cost, the other leg’s stop moved to cost after a stop, and the stop or target on the whole premium act on the live price of the leg’s own option — the moment a level is crossed, that leg exits at market. The trailing stop, trail to cost and the other leg’s move to cost happen once a minute, as in the backtest. Whatever is still open closes at the exit time.
• Strikes by price — when the strategy picks the strike closest to an amount (say ₹30) and no strike is within twice that amount, the bot skips the day, as the backtest did.

• The backtest fills at the entry minute’s opening price; the bot’s order goes in a few seconds into that minute, at market.
• Strikes picked by delta or by price are read from the live option chain at that moment.
• Slippage and charges on the day can be higher than the backtest assumed.

• Selling a call and a put needs margin of about ₹1.5–2.5 lakh per lot. Start in Forward Testing to see the bot work before going live.
• If you change the bot’s settings it is no longer the strategy that was backtested.
• A backtest shows what the rules did in the past; it is not a promise of profit.