I am working on Iron Condor strategy. I back tested the Iron Condor with 25-30 delta value. But my trades for 3-4 month gave a negative result. Even I checked with and without the adjustments.
Please some one suggest/help to success in Iron Condor.
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Use 20 Delta and Hedge with 5 Delta. 20 Delta gives 1 Sigma stretch. Maintain 20 Delta as and when the premiums get double of the profitable leg. Exit when you get half of the max profit.