Bank Nifty Iron Condoor Strategy Backtest

Bank Nifty Iron Condoor Option Strategy Backtest | For monthly income executed by market makers and professionals to earn consistent money with limited risk.

Short Iron Butterfly Parameters

Sell ATM Call & Put, Buy OTM wings for protection

Days to Expiry

Call Wing

Long Call Offset ATM + offset (Buy protection)

Current: ATM + 50

Put Wing

Long Put Offset ATM - offset (Buy protection)

Current: ATM - 50

Quick Presets

Understand Iron fly Metrics

Why Focus on Break-Even Zones and Risk/Reward?

Misleading Metrics (Wrong for Iron Butterfly):

• Looking only at max profit ignores risk
• Ignoring break-even points hides exposure
• Price multiples don’t reflect credit received

Correct Metrics (Right for Iron Butterfly):

• Define upper and lower break-even points
• Show max profit zone at short strikes
• Highlight risk vs. reward clearly

📋 Calculation Example:


              Short Call Strike: 18000

              Short Put Strike: 18000

              Credit Received: 250

              Upper BE = 18000 + 250 = 18250

              Lower BE = 18000 - 250 = 17750

              Max Profit Zone = At 18000 (ATM)

              Risk = Spread Width - Credit Received

🎯 How to Use These Metrics:

Break-Even Awareness: Know where losses begin
Profit Zone: Identify the ATM strike as max gain
Risk Management: Compare credit vs. spread width
Trade Evaluation: Use return % to judge efficiency

Total PnL

Expectancy

Max Profit

Max Loss

Win %

Loss %

Avg Win

Avg Loss

Max Win Streak

Max Loss Streak

Max Drawdown

Recovery Days

Yearly Monthly PnL

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total PnL	Total Trades	MDD

Yearly Weekday PnL

This table shows how profits and losses vary by weekday across different years. Use it to spot recurring patterns (e.g., stronger Mondays, weaker Fridays) and evaluate trade timing discipline.

Year	Mon	Tue	Wed	Thu	Fri	Sat	PnL	Trades

Trades

Symbol	Spot Entry	Spot Exit	Spot Δ	Entry Date	Entry Day	Exit Date	Exit Day	Expiry	Strategy	Strikes SC/LC/SP/LP	SC Entry (Sell)	LC Entry (Buy)	SP Entry (Sell)	LP Entry (Buy)	Net Credit Entry	SC Exit (Buy)	LC Exit (Sell)	SP Exit (Buy)	LP Exit (Sell)	Net Debit Exit	Strategy High Max Value	Strategy Low Min Value	DTE	PnL Credit − Debit	Max Profit = Credit	Max Loss Width − Credit	Profit Zone Lower → Upper	Spread Width Call / Put	Risk Capital	Equity Cumulative	DD Drawdown

"The temptation to “make back losses quickly” is the root of most blowups. Revenge trading in options is especially dangerous."

"AI Backtesting tools are for informational and educational purposes only — they are not investment advice. We do not provide tips and advice. Investment in stock market is subject to financial risk, Please consult your financial advisor before investing any money"