This strategy is designed specifically to make profits out of range bound days. Usually when trading a straddle strategy with a fixed stop loss, due to morning volatility/whipsaws the stop loss gets hit easily. If we dont use a stop loss then on trending days we lose bigger. So there should be a optimal way.
Tired of Stop Loss getting hit often in this volatile market condition ?
This new short strangle bot is designed to make profits from directional less market, it doesn’t use any fixed stop loss , instead it will automatically adjust positions based on Options data.