1DTE Bitcoin Option Selling Strategy | Strangle Option Strategy | Theta Gainers

The most common problem is why we can't run any strategy for a long time. Because when you're trading in the beginning, your tolerance for losses is very low, and whenever we incur losses, our psychological level takes a hit. So , the most common and basic strategy in the world of options, even on the selling side, is a strangle. Right? If a strangle gets a good premium and a volatile market, its win rate is statistically proven to keep going higher. If you ever sell a strangle at a 10 wick or a 18 wick, you'll notice that your win rate will be 60 on one side and 80, 82, or even 85 on the other. Trades will decrease. Obviously, you won't always get a VIX of 20 or 1820. But if you have a good premium, good volatility, and can sell a strong strangle, and if you can place SLs equally on both sides, then this strategy can be the best strategy for a beginner. I try to explain and test it. Many people have doubts about my testing on my data. So today, I'll test the same thing on other platforms and show you what kind of results it is. If everything looks correct, how can we deploy it? Will margin be required, how will it be? We'll learn all these things now. Okay? Look, first, let's go to this Bitcoin chart. Okay? I'll give you a statistical number from the Bitcoin chart. Look, what is it? I go to the 5-minute data in the entire chart. And what time is it now? It's 4:22. Okay? Now look here, if you look all day, I'll tell you. Look, now if you look at this place, what time is it at this place? It's from 6:00 PM to 9:10 PM. Right? Is it correct? You saw this big move. From 8300 we went to 85750. Is it correct? What's the timing ? From 8, sorry, about 6:00, to about 9:30, 10 PM. Right? Let's go ahead. I'll show you the same thing again. I'm just telling you normally. Look, what time is it? It's 6:00 PM. There's a move from 84,500 to 83,000. What time is it? It's 10:30 PM. Is it correct? Clear? Let's go back one day. Look at this. What time is it? It's about 5:30, 6 PM. And look at the market's movement after that. The market moved upwards until 10:30 AM. Look at the market before that and the market after 6:00 PM. Obvious reasons, obviously, see what happens. I'm not talking about holding Bitcoin as much as I'm trading. I'm not talking about doing anything. I'm talking about trading. The Bitcoin industry isn't traded as much during normal times as it is during US market hours. So, if I were to tell you, based on the last six years of data, what was Bitcoin's highest move duration and what was its lowest move duration? Why is this so important for us to know? Because we want to create an option selling strategy that matches the timeline. Now, if I were to say the same thing, we need to look at a 3- month timeline. When did the biggest move occur in three months? It doesn't matter. Six months doesn't matter. One year doesn't matter. But if something happens at the same time and place for six years, then it's considered solid evidence, and we can react to it. So, based on data from the past six years, the highest movement is between 6 PM and 10:30 PM. That's right, right? When the US market actually opens, and the US market is in a running mode. So, basically, the highest movement during the first 2-2 1/2-3 hours is a move of around 1.4%to 1.8%, which means it's not one-sided. Please understand my point carefully. It's not one-sided; it can move in any other way. I'm talking about the total swing. The total swing is 1.4%during this period. Otherwise, the number is below one, or even below eight, throughout the day. So this means that during this period, whether our trade is a straddle, a strangle, or an iron condor, whatever our trade is, it's the highest. But if it's a selling trade, the chances of losing are highest during this period. Is this correct? So, what if we remove this entire period from our trading? So, what do we do? What do we do next? Look , I'm explaining it very slowly. Listen carefully. Okay? Let's make it smaller. Let's move the chart to the blank side. Now, carefully understand what we need to do. We need an entry after 10:30. When? After 10:30, 10:30 p.m. Now, we need an entry after this time. Now, to determine whether the IV is comfortable for us or not, and how should we take the trade based on the IV. Okay? This is very important to understand. So, if I start explaining to you right now what implied volatility is, it's like this: implied volatility is created. This is the formula for implied volatility. You can calculate your range like this, spectacle after spectacle. It won't make any difference . Okay? Let's work on the tricks. Okay? So now we're going to work on pair prices. Okay? You must have heard the term pair a lot in the Indian market. What do we call a pair? In our Indian market, it's the struddle of options. So, we can judge the IV based on the price of the struddle of options. You know, when all the platforms around the world display the IV, I'm talking about all the platforms around the world. When they display the IV, most of the time the IV is at the money. Why is this so? Because the IV has to be judged based on the at-the-money prices . It's easy to build other models based on that IV. You can't check the IV at every strike because it will vary. The further out you go, the more IV will increase. So, you'll never find solid evidence. But if you collect IVs of ad-the-money strikes in the same market over the course of a year and look at that data, you might find some statistical edge and be able to work on that basis. So, similarly, we're going to use the pair price to judge the IV. Pair price means we're going to use the price of our straddle. Okay? Let's use it for example. Okay? Let's remove it. Let's use it for example. This is where we go to the options terminal. Okay? And this is our chain. Okay? Now, if I leave today's chain and go to yesterday's chain, where are we trading at the money? Around 83,988. Okay? So if I look at the prices, there's a markup price of about $ 601 on the put side and $ 63 on the call side. So, if we look at the price, what do we have in total? We have $ 10 in total. Okay? These are at-the-money positions. Okay? Right here at the money, if you look carefully, I'll show you this spot. Right here at the money, if you look carefully, there's 1200, 1200, and in the same spot, if you look at the IVs, you'll see 33 here, 34 here. As you move inward, outward, and outward, your IVs increase. You'll find the best and most concentrated IVs at the at-the-money positions. So, that's why we're judging at the money. Now, look at what you have: 1200 points. $ 10 is at-the-money. So, what does that mean? Meaning, if I explain it simply, it means that the market is nearing 84,000 . Right? So, there's a very high chance that the market could move into the 1,200-point area today. It could move into the 1,200-point area. This is the chance, the highest probability, that it will continue to move in this 1,200- point area. Right? This is the probability for the entire day. Now, since we looked at yesterday's expiry, my probability for the entire day is 1,200. So, I've figured out that if I'm somewhere away from this 1,200-point level and I'm selling this triangle, a lot of things will become easier for me . That's right, I'm explaining this conceptually. If we do the same thing, if you want to do it within Nifty, you can apply the same thing. Right? But the premium here is higher. You'll have a good edge. Okay? And there's no overnight there; there's no such thing as overnight here. So, if we did this, I'm telling you seriously, just be patient. When you see the results and everything, you won't believe it can actually be done like this. Okay? So, you have $ 2,000. You've judged that a 1,200-point move is possible in a day based on IV. Now, this becomes filter number one. If we apply filter number two to this: "I don't want to trade from 6:00 to 10 and 10:30," then your answer is that this 1,200-point judgment of yours might work better. Do you understand me? First, we know that we can expect a 1,200-point move. It could go up to 1,200 to 1,500 points. Okay? But if I set a filter that says I shouldn't trade during the 6:00 to 10:30 period because the New York session will open and the market will move rapidly after that, that 1%, meaning 800, 900, or 1,000 points, will be blown away. So why even trade at that time? So if I set these two filters and start my trade around 10:30 , between 10:30 and 11:00, I'm good to go. I have the highest chance that I can withstand this 1,200-point move and form a proper triangle. Is that right? Okay? So what do we do next? We're about to enter the entry position. So listen carefully. Understand what I'm saying carefully. Now, when you're at your entry position, I'm going to start writing the rules. Okay? Let me clarify . Rule number one. What you need to do is, for rule number one, you have a 1200-point IV level. Based on this IV level, the market can move 1200 points at the current level. You don't have to do anything. Okay? You simply multiply it by 1.8. 1.8 means nearly double. So what does that mean? This 1200*1.8 is roughly around 2200. Okay? Nearly 2200. What did we figure out? This is basically the market range we've calculated to keep us safe. 1200 is already a safe bet considering the volatility. But I want to make it even safer so that even if the market fluctuates a little, I'm still protected. So, I've added 1.8 to the same number and made it 2200, 2300, and 2400. If I place this triangle at this distance, what can I achieve? So, what will this do? My previous POP, meaning winning percentage, or selling trade, was that if I sold at 1200 points, my POP would have been around 60%. Okay? So now, when I double this, my probability of profit will reach around 80%, or even 75%. But there's a problem . Look carefully at the first problem. I believe in explaining concepts in great detail, that if you understand the concepts correctly, everything becomes easier later. So, it's quite simple. Okay? The only problem is that you haven't figured out when today's market expiry started. If you leave the volatile time of 6 PM until 10:30 or 11:00, its premiums have already eroded rapidly. When that happens, where will you find a lower premium to sell? Because you're going this far, and when you reach this far and get a lower premium, after selling, you'll have to deduct the fees from it to get the money after deducting the fees, slippage, etc. If that's not enough, what are you going to do? Correct? So, what we're going to do to tackle this is to deliberately extend the expiry, like Aryan Kandor and others have done. So, what happens is that when we trade today, instead of using tomorrow's expiry, we use the day after tomorrow's expiry, where we have a higher premium. And we've doubled the range because it was already 1 day old. I changed it to 1.2, so now we have a two-day spread. Now everything is aligned. We've made the range two days instead of one. Based on today's IV, we've almost doubled our premium. What we were supposed to receive tomorrow, that is, at tomorrow's expiry, we've shifted it to the next expiry. Our entire setup is ready. And we need to create a strangle around this number here, around this far-off number. Sell a call and sell a put, and you'll see the strangle. Okay? So what do we do now? Let's create this and see how it works. So, see what happens, as I'm telling you for example . Okay? Listen carefully. Right now, our market is at 83,890, so I'll assume 84,000 is at the money. Okay? At 84,000 , right now, we have about 1,200 points for tomorrow's premium. I can round this up to 1.8 or 2. It comes out to be around 2400. So, basically, what do you have to do? Without thinking too much, what time is it tonight? Around 10:45. What do you have to do? Find a strike that's approximately 2200 to 2500 points away from this. It's about finding OTM on the call side, and the same distance away on the put side. Sell it. Okay? If you sell it, I'm telling you it's near. Most of the time , you'll see numbers like $ 200, $ 50. And from this period on, this is our entry time. You have to complete the trade from here until tomorrow and the day after tomorrow until expiration. You can do 520 or even let it expire. Okay? It depends, sometimes a lot of premium remains. Sometimes, a lot of premium is saved on the 1st, 2nd, or 3rd. So, we can earn from that too. So, during this period, you have a total of 44 hours to stay in the market. How many? Almost 44 hours. Because we've lost 5 hours from 5:30 to 10:00. So, you're in this trade for around 43 hours. But its earning potential is very high. Like, you won't believe it either. I'll show you a complete backtest right now. I'll demonstrate it . I'll test it on another platform and show how it works. We'll add fees, add slippage, and see how we can earn from it. So, at 10:45, you placed a trade at 5:25 the next day, which will be the next day's expiry. Not today, but the next expiry. Instead of zero DT, we're basically closing the trade on the second day. So, during this period, you'll have a trade where you can place the POP even far away. It's very far away, and I've told you the time to exit this trade. That's fine. But the main game begins here. The main game is how your SL is going to protect you. That's the main game. So now, let's say you sold a ₹ 100 item on the call side and a ₹ 100 item on the put side . What do you have to do? What can happen in just these two? What are the variations of the trade? Variation number one: both of them will completely melt. Nothing will happen. Meaning, there was no movement in the market, and both of these ₹ 100-100 got melted, and your SL was not applied . The second thing that will happen is that you're going to place individual SLs on both legs. 2x means 100*2 = 200, and this one too, 200. So what if one side's SL is hit and the other's isn't, and it goes to zero? Where do you stand on cost to cost? What will happen in the third place? This side will also have an SL, and this side will also have an SL. SLs will be applied on both sides. You'll incur a loss that day. Now, just how do you play this play? This number should be your highest. That means almost above 50%, because you're both going to make money. This number should be around 30%, and this number should be 15 to 20%. Okay? Now, what will happen? You've reduced your big loss. Look, what's the reason for winning in a trade? Make a big profit. Okay? Make a small profit. Make a small loss. Don't make a big loss. You just need to keep this fourth quadrant out of your trading at all times. Look, you want big profits. You also want small profits. You also want small losses. But you don't want big losses. If you can control these three, you can be successful in absolutely every type of trading. So now let's try this. Let's run through it. I'll show you all the numbers to see what they look like. So what we're going to do is backtest. Okay? Now look, I'm doing this on another platform so you can see what's happening. Because sometimes, you see, someone is showing you, showing you on their date, showing you on another date ; a lot of changes occur, but I'll show you this. Let's go for crypto! In crypto, I selected Bitcoin. In Bitcoin, I selected "Intraday." Now, look, if I click on this, it will basically become a zero DT. So, basically, we want to go to the next DT, so what do we do? We'll set our entry time at 10:30 PM, as we discussed. Okay, because we don't want the New York session to begin, and we'll set our exit time directly at 5:29. I'm doing it. Okay? I'm doing it at 5:28. 5:28 PM, so this basically means the expiry date is the next day. Now we'll analyze the trades. Okay? Now , within this, I'll take options. Let's assume I have a $ 1,000 lot. So, actually, deploying at $ 1,000, I can do a lot, but I also need to look at the drawdown. I need to look at everything. So, I'm going to take about 0.5, meaning 500 lots. Okay? Selling a 500-lot strangle will cost you approximately $ 550. Okay? Keep in mind : it'll be around $ 50. You sold the put, you sold the call. You've taken the expiry date on which you're selling . Now I've set the width of the straddle, and I've made it 1.8 x. Okay? Now I've added it to the plus, sorry, plus 1.8 x, okay? Okay? Of the external price, and added the leg. Okay? That's it. Now I need to set a stop loss. I need to set a stop loss of double that. So I've set a 100%percentage SL. Now I'll copy this and just change this side to a put. Now look, SLs are set on both sides. You just need to select the leg here, this partial leg. What this does is cut one side off, leaving one side intact. And you've created it completely here. Now let's test it. I'll do it as long as I have data. From January 1st to now, and start. Okay? Look, it's a very simple strategy, man. You need to eliminate volatile markets. You need to enter your strangle. The SL for a strangle should be set such that you never incur so much loss that you can't afford it and can't earn. On your best day, you earn both. And on your worst day, you lose the same amount. So , it's actually 1: 1. But the winning ratio of that losing part should be around 50%so you can capture more. That's it. It's very simple, and I'm explaining it literally. You can do it, and I'm going to do it. I'll do it with a large capital. I'll do everything. You can try it out. I'll show you how to deploy it now. And after deploying, we'll put it into the algorithm and leave it. Okay? I'm teaching you this manually right now so you can practice it. And after doing it manually, what you can do is practice it. Because if you do it in the algorithm, we'll change the timing. So I'll change the timing because spreads are coming in. So, we first need to see how the spreads are, how they are not. Let me repeat the strategy again. What did we do? We bought options. We bought 500 lots. That means we bought five bitcoins. We sold a call. Right? We bought 1.8 times the width of the straddle. And if you look carefully here, we set an SL of 100. And after doing this, we completed the entire trade and ran it. Right? Now, first, let me show you the trades. Look, now look at the trades carefully. You'll understand. Look, what is the entry date? January 1st. What is the exit date? January 3rd. So, basically, that one day is being skipped in between, and because of that one day skip, we're getting bigger premiums, which we're able to sell. For example, you're able to sell 283 and 109. 9352 153 159 Total per day, you have about $ 300 to earn. Another $ 300 is a lot compared to $ 900 for one Bitcoin, if it melts down. Okay? So, let's first look at what happened here. Month-on-month. If you look at the month-on-month here, you have all green months until now. All green months until now, meaning there hasn't been a single month where there has been a single red zone. Okay? Now what we do here is, fees are already included, obviously. Okay? Everything is explained below, what fees are, and slippage of 5%is also already included. Now, look at the slippage. Last time, we deployed everything on Delta Pay, okay? We had a lot of problems with options trades. Okay? But what am I going to do now? If I show you the terminal here, and we come to At the Money, and we go to Tomorrow's as well. So, look carefully at this one we open. Now, if you look carefully, the spread here is only $ 3 to $ 4. And the main point is that at the very first level, L1, you have almost 8 to 12 Bitcoins. So, when you place your five at L1 of 8 to 12 Bitcoins, it will execute instantly. You don't need to sweep the entire book. When does slippage occur? When you place a large quantity and your entire book is swept, your price rises from 442 to here. But to get here , we have 100 Bitcoins. Okay? So, actually, Level 1 at this place is the safest place for us to play. Where will the lowest slippage occur? It will come from this place. Now, the reason I'm teaching you this manually is that when you pay here manually, most people will do it at different times. No one will just come and press the button exactly at 10:30. Some will do it at 10:30, some at 10:31. So, when you do this, the slippage factor will be significantly lower due to these eight bitcoins and twelve bitcoins within Cosmic. And you'll never feel any significant slippage here. Is that clear? So, that's why we're going to deploy it here. Now, let's look at the numbers. Look, even after applying fees and 5%slippage, where do these numbers stand? Around 1454,000. And how long will that take? About 1.5 years. Okay? Now, look, what margin did we use to get to this number? We used a margin of $ 500. This means we only invested ₹ 00. He's made around 1.4 million on this margin. But what are we going to do? We'll run a simulation on this. And after running the simulation, we need to see what the 95th percentile of Monte Carlo is and what the maximum drawdown is. Look, the 95th percentile of Monte Carlo is $ 79,000. This means your highest drawdown ever occurred around $ 700 or $ 800. Okay? So, if I were to run this, because look, this is a very studied graph. When the market is rising, it's rising. When the market is falling, it's rising. And when the market is still going up, it's still rising. Why? Because you're judging the market in a very small area of the timeline. Now, see what happens? Many people will ask, "We ignored today's 6:00 to 10:30." But how can you ignore the one that comes between 6 and 10:30 tomorrow? You're saying that you've already earned theta from 10:30 today until 6:00 PM the next day. The premium has already been paid. So, even if there's a move during that time, you can absorb it. That's the game here. Your absorption level comes from theta gains. So, you basically get that from here. Now, look carefully at what we need to do here? You earned 1.45 million rupees on 500 rupees. But I'm telling you the capital requirement now . If you want to invest the same quantity, always keep four times that. Meaning, if you keep 200,000 rupees and then run it, you're already getting a chance to earn ₹ 20,000 on a daily basis. If I show you here, let's look at the latest January 1st. Okay? Let's go to the very latest. Here's 289. Look , on 289 you lost ₹ 500. This is in rupees. Right? Before that, you made a profit of ₹ 2,000. Before that, you lost ₹ 3,000. Before that, you made a profit of ₹ 5,000. Before that, you made a profit of ₹ 8,000. Before that , you made a profit of ₹ 12,000. Then a profit of ₹ 6,000. Then a profit of ₹ 5,000. Then one day, look, a double SL was placed. Right? So, look, in these days, from the 28th to the 20th, there was a double SL. Let's go back one page. Look, here, you lost ₹ 2,000. Then you made two. You made two. You made ₹ 11,000. You made ₹ 7,000 . We lost 4,000. We lost 3,000. Then we made 3,000. And it's almost cost to cost. We lost 1,700. Go back further. Now look at this entire date: from September 9th to August 31st, it's all green. So, our win rate is also very good, almost 68%. Now, here you'll see our loss percentage is 62, our average profit is 6,000, our average loss is 5,000, our highest single trade is 20,000, and our highest losing trade is 3,600. Now, look here, the expectation ratio is nearly five, very good. Okay, you can also tweet this further; like me, and I can make it even better. I can go to 10:00 to take a little premium, but I'm telling you to be on the safe side: this is the safe side. Return to Max DT 16.25, very rare. It's impossible to get this number, Return to MDDD, here in the equities market. Okay? So here it is, yes, okay. Now, let's look at Max DD. In March, it hit 500 a day, two or four days later, and recovered sharply. It hit it on the 3rd of October 2025, when the market started falling sharply. It recovered sharply. Okay? Then it fell sharply. I mean, look, it's recovering every two days whenever it's falling. So what does that mean? And recently, what do you say, in 2026, the level didn't cross 20,000. This means the market was very volatile in October 2025. It's not like that now. So, I really liked this. Now, how do I do this? How do I deploy it? Look, you have to come to the cosmic level here. Okay? Now, let me share today's examples. For example, we're around 600,600. How do you deploy ? That's 1,200 points. We need to move 2,500 points, so a call at 84,000 is on the side. Here we are, 85,500. I want to sell it. Okay? I put it on the sell side. Look, if you click on 159, it's green. What do you say? There's a green side and a red side. So, this is the ask and this is the buy. If you click on the buy, your buy order book will open directly here. So, I clicked on sell here and I set the leverage by portfolio. So, when you go to portfolio mode, the leverage is automatically calculated and set. Now, I've taken the best here. I can place a market order, no problem. And I've hit 500 volume. Okay? Now, here's a sell call to hit 500 volume. Okay? Now, how do you move the same 2500 points away from here? 83000 and this is 82500. I'll click on the bud, and a sell order will open from here. Here, I'll put it on the market, and I'll put 500 lots here and sell the same put. Now, look, you've set both things up, and look, as I told you, even with half a Bitcoin, you have less than $ 1 slippage. What I meant by that is that if you have a significant amount of Bitcoin on your level one order book, 0.01, 0.02, 0.05, then you can trade better at these levels, and your slippage will be lower. And now, you've placed both. Now, you don't have to do anything. How much SL do you need to set? Quickly, how much did you sell it for? For 153, how much is its double ? I can calculate it directly. How much is its double? Let's do it in the calculator. 153*2 = 306. How much is the second one? 177, so 177*2 = 306. And 354, right? So, here we are at the SL. We entered 306, okay? And here I entered 354, okay, that's it. You don't have to do anything. Let it expire after this. Do nothing. And if you let it expire, you'll see the backtest results I've shown on other platforms. There's no data manipulation. Nothing. I've just shown you the data they have. And based on this data, even on a margin of 2 lakhs, we can make 14 lakhs in 1.5 years. That's way too much. And even in Monte Carlo 95, if the drawdown is 9791, it means it will work. Right? And this is for the long term. It's not like that. Look, in the short term, you have a review of 2 months, 3 months. You have a review of the entire 1 1/2 years. And from January 2025 until now, the market has done everything it can do: fall, rise, fall, fall sideways, fall sideways, rise sideways. Meaning, the market has shown you everything that can happen. It even showed the highest volatility. You saw the volatility since October, when the fall began. You got to see everything. And if you can withstand it, it means it will work. So what do you need to do? You need to just try out how to do it and what not to do. And I basically trade on this one terminal of Cosmic. This one terminal of options that you see. You see, the SL is visible here because we've placed an SL. And what's so special about this One Terminal? What can we do? I can also make the depth disappear from here, by moving the depth to the side, and I can also move the option chain to the side. And I can trade here seamlessly. You get everything in one place. That's why I'm trading here. If you too want to expand and explore options for the first time on Cosmic, you'll find the link in the description. You can open an account and trade here. The fee is 0.01, which is quite good for options. If I were to show you the fees here, you'd go to Options and we're trading 500 lots. Okay? And we choose takers or makers. We choose takers. And which expiry did we choose? We chose the October 1st expiry, and where is the market? Take this for 84,000. Let's say 82,800, yes, it's October 1st. Okay? And if you're looking at the premium, use Put BTC at 82, it's October 2nd, and I'm talking about what we're selling. Like 84,500, okay? So look, you've got a mark price of 1,000, and I'll also make the exit premium 1,000, okay? So the round-to-round cost will be around $ 14 . And if you look at the fees here, where did the fees go? Here's the composition. You're paying a fee of about $ 4, and how much notional do you have? The underlying notional is about 500, so your fee will be around 0.01. If your premium is less than 3.5, I'll show you the fee structure. Where is the fee structure? The fee calculator itself. Even if you switch to Maker, nothing will change. Because the fee is 0.01. Absolutely. You don't need to think about it. It's absolutely standard and the most competitive in the market. Even then, it won't make much difference. Okay? So, here's how we can calculate this with the fees. So , in my backtest here (PDF 1 2 3), I already included the charges, which includes fees and slippage. So, I kept the slippage at 5%. If you do this in Cosmic, you can even double it. That's fine. But until then, I think we can run it for a longer period of time and see how it performs. Okay? The main thing here is that you were never in a drawdown for more than 10-12 days. So, I want to teach you how to do all this manually so that you can do it manually . So, I've manually shown you how to deploy, do the SL, and leave it. After placing the SL, leave it and let it expire. Because, if one side is cut, that's fine. If one side isn't cut, that's fine. And how much margin is it charging us in total? As I told you, it's charged below 500. So, look, with 220 and 200, how much is the total margin? The margin is $ 420. Around $ 420. Now, $ 420 means, if you invest half of this per day, how much is the total? It can promise around $ 200 in earnings over 80 days. So, nothing can be better than this. And your SL is based on cost to cost, right? And let me give you the numbers: within this, your trading duration, where did the total trades go? Total trades. In that, I'll tell you one thing: look, approximately 63%of the time, you're hitting TP without exiting any leg. Almost 20 to 25%of the time, you're hitting one-side TP. That's your cost to cost. And just 10 to 12%of the time, you're hitting both sides 'SL. So, our four-quadrant scenario is completely solved with this. So, if you enjoyed it and want to run it or do anything else, and you like the video, first like the video. You can also hype the video. And if you write the algorithm in the comments, I'll create the entire algorithm and give it to you so you can run it, and it can run automatically daily. Okay? All you have to do is comment and tell me what the capital you want to deploy in this is? So, what capital do you have that you want to deploy? Why am I asking this? Because if I create an algo, I'll design it in such a way that it runs optimally based on your capital. Because if we want to run it, we'll run it long-term. As our capital increases, we can increase the lot size. But right now, I'll design the algo based on your capital, which you're about to write in the comments, so we can run it smoothly. So, what about you? You just need to comment on your capital, and you can comment on the algo. Based on these two comments, I'll be able to judge whether I should create the algo or not, and whether you should run it or not. Okay? See you in the next video. Bye-bye and thank you.