ULTRON Iron Condor [0DTE] — Strategy by dhawal.chheda
By dhawal.chheda
Performance Metrics
- Author: dhawal.chheda
- Symbol: AMEX:SPY
- Timeframe: 5 minutes
- Win Rate: 13.5%
- Profit Factor: 0.27
Description
> A 0DTE iron-condor P&L simulator selling wings at ATR-expected-move boundaries around VWAP, gated by an ADX chop filter.## What it doesThis strategy back-tests a same-day-expiry (0DTE) iron condor as a synthetic premium-selling position. Once per day, after the opening range settles (default 10:00 ET), it places short put and short call strikes a configurable multiple of the estimated expected move away from the session VWAP, with long protective wings a fixed point-width beyond each short.> A 0DTE iron-condor P&L simulator selling wings at ATR-expected-move boundaries around VWAP, gated by an ADX chop filter.## What it doesThis strategy back-tests a same-day-expiry (0DTE) iron condor as a synthetic premium-selling position. Once per day, after the opening range settles (default 10:00 ET), it places short put and short call strikes a configurable multiple of the estimated expected move away from the session VWAP, with long protective wings a fixed point-width beyond each short.