The indicators are computed on the underlying’s mark price. Options expire daily at 5:30 PM IST: “Today” = the next 5:30 PM; “Tomorrow” = the one after.
Entry
For an option the strike is chosen at the moment of entry: the at-the-money strike, for the call or put picked in the leg. The indicators use 5m candles; stops are checked every minute.
When to enter — tested at each 5m candle close on the underlying
IF
AND / OR adds another condition
Entry leg — one leg, set up as on the Strategy tab; strike method None uses the Instrument above
Leg 1
The Instrument (ATM) decides the strike.
Lazy legs — deployed when the leg’s stop-loss or target hits; set up like a leg
None yet. In the leg’s Advanced settings, pick “Lazy leg” as its re-entry on stop-loss or target to add one (named Lazy 1, Lazy 2, …); it can re-enter or deploy a lazy leg of its own. “Entry leg strike” 1 takes the entry leg’s strike.
When to exit
Computed on the underlying’s candles. The leg’s stop-loss / target / trailing / early SL still apply: whichever comes first. The indicator exit closes everything open (re-entries and lazy legs too).
IF
AND / OR adds another condition
Conditions are tested at the close of each 5m candle of the BTC underlying (mark price); above / below are strict, equal means the same to 2 decimals, a cross compares with the previous candle, and AND binds before OR. Entry: on Mon–Fri, from 09:15 until the 15:15 square-off, when RSI(14) crosses below 70, the leg sells 1 lot of the ATM call (today's expiry; the strike is chosen from the option chain of the minute before entry) at the open of the next minute (the candle's close time). A new entry signal is taken only while nothing is open, and drops whatever of the previous entry still waits (a re-entry at cost / on momentum, a lazy leg on its momentum); each entry, re-entry and lazy leg counts as one trade. Exit, whichever comes first: when RSI(14) crosses above 50 at a 5m candle close on the underlying's candles — everything open (the leg, its re-entries and lazy legs) closes at the next minute's open (“Indicator exit”) and whatever still waits is dropped; the leg's stop-loss 30%, target 50% — checked every minute; or the 15:15 square-off. A candle close where it exits on the indicator takes no new entry. Slippage 2%: half on an entry at a signal, all of it on an exit (re-entries, lazy legs and momentum entries as on the Strategy tab); Delta's option fees.
Risk & costs
02
Run indicator backtest
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Up to 1 year per run; an account size adds ROI and drawdown %.
Runs on your local index — no live Delta API calls. Indicator strategies run one at a time (not in the basket).
Past reports
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DeltaBT — results come from the backtest engine running on your local index. P&L is in USD, net of Delta India fees and slippage.