BUSTED BY COSTS
Bi-weekly iron condor with delta adjustments
Option selling · NIFTY weekly (2-week) · tested 2019-07 to 2026-10
The claim
Mostly +1% winning weeks, shown on three hand-worked weeks of Nov-2025; no backtest.
Our test, after costs
−₹13,714
2019-07 to 2026-10 · 1 lot (historical lot size)
As taught, the rules lost about ₹13.7k per lot over Jul-2019 to Oct-2026, winning 35% of 83 weeks traded.
Algrow Reality Score
- 8/40
- claim
- 0/30
- profit
- 7/30
- steady
- Net, full test
- −₹13,714
- Worst drawdown
- −₹19,073
- Trades
- 83
- Win rate
- 35.0%
Size: 1 lot (historical lot size).
How our test compares with the video
Our Nov-2025 strikes were within one strike of the video's examples; one of its weeks fell below the 4% credit filter and was skipped, and the two weeks we traded each made under ₹1k.
Worth knowing: With zero slippage the rules made only about ₹5.4k over 7.7 years; the VIX filter kept it out of all major crash days.
Underwater: how far below its best point the account was
If you had started with ₹1 lakh on…
Drag to pick a start date. Trading the video's rules at 1 lot (historical lot size), not compounded. Weekly points.
2019-07-12
You'd have today
₹86,288
Profit / loss
−₹13,712
Lowest point
₹81,986
Honest note: ₹1 lakh may be less than the margin this needs; the result is in rupees per lot, not a % return.
Year by year — tap to dig in
1 lot, rules as taught, after costs. Tap a year, then a month.
Monthly heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | ||||||||||||
| 2020 | ||||||||||||
| 2021 | ||||||||||||
| 2023 | ||||||||||||
| 2024 | ||||||||||||
| 2025 | ||||||||||||
| 2026 |
Winning vs losing days
260 days with a position · about 34% green
BEST DAY
₹6,253
2021-08-16
WORST DAY
−₹1,713
2025-07-31
The rules we tested
On Friday at 15:15, only when India VIX is below 13, sell ~0.20-delta calls and puts on the expiry two weeks out with wings 200 points away, skipping weeks where credit is below 4% of capital. Target +1% and stop −1% of capital, otherwise exit next Friday 15:00, with four adjustment rules that close and re-sell a side. Assumptions: wings move with a rolled short, 'event weeks' not coded, checks every 5 minutes.
Method and Reality Score
5-minute option bars, signal on bar close filled at the next bar's open, stops through a gap filled at the open, real broker charges incl. STT and taxes, slippage of the larger of ₹0.25 or 0.5% per fill.
- 1-minute historical NSE/BSE option and futures data; each video's rules coded exactly as taught, with stated assumptions where the video left a gap.
- Signals on a candle's close are filled at the next minute's open (unless the rules say otherwise); stops and targets are checked against each minute's high and low.
- Real broker charges, STT, exchange fees, stamp duty and GST deducted on every order; lot size as it was on each trade date.
- Results are per lot unless stated. No leverage, compounding or position sizing beyond the video's own rules.
Reality Score (0–100) = claim match (up to 40: matches 40, partly 25, fails after costs 8, not reproduced 0) + after-cost profit (up to 30: zero if it loses; more when total profit is large versus the worst drawdown) + steadiness (up to 30: share of profitable years, plus 5 if the latest year made money).
Questions people ask
Does the Bi-weekly iron condor with delta adjustments strategy work?
Not as taught, once real charges are included. As taught, the rules lost about ₹13.7k per lot over Jul-2019 to Oct-2026, winning 35% of 83 weeks traded. Tested on NIFTY weekly (2-week), 2019-07 to 2026-10, after real costs. Reality Score 15/100.
What is the win rate of the Bi-weekly iron condor with delta adjustments strategy after costs?
35.0% of 83 trades made money after real charges in our test (2019-07 to 2026-10). A high or low win rate alone says little; the net result was −₹13,714 with a worst drawdown of −₹19,073.
How much did it make or lose in the backtest?
Our test: −₹13,714 after real costs. Over 2019-07 to 2026-10 (1 lot (historical lot size)), the net after charges was −₹13,714 and the worst fall from a peak was −₹19,073.
What exact rules were tested?
On Friday at 15:15, only when India VIX is below 13, sell ~0.20-delta calls and puts on the expiry two weeks out with wings 200 points away, skipping weeks where credit is below 4% of capital. Target +1% and stop −1% of capital, otherwise exit next Friday 15:00, with four adjustment rules that close and re-sell a side. Assumptions: wings move with a rolled short, 'event weeks' not coded, checks every 5 minutes.
How was the Bi-weekly iron condor with delta adjustments backtest done?
On 1-minute exchange data since 2017, signals filled at the next minute's open, with real broker charges, STT, exchange fees, SEBI fee, stamp duty and GST, and the lot size of each date. Rules exactly as taught; gaps we had to fill are stated. Full method on our How we test page.
Run it yourself — coming soon
These rules use features our public backtester can't express exactly yet, so we won't pre-fill an approximation. Build your own idea in the meantime.
Got another video?
Send the link or vote on the queue. We code it as taught and publish what we find.
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