Overall Momentum

The Overall Momentum feature allows you to enter a trade only when the combined premium of all legs in your strategy moves by a specific number of points, either up or down.

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Momentum Based on Combined Premium

You can now configure momentum detection based on the total premium of all legs (excluding lazy legs). This allows you to enter a trade when the combined premium moves up or down by a certain number of points or percentage from the strategy's start premium.

Only buy/sell direction is considered: lot sizes and ratios are ignored. Combined premium is calculated using 1 lot for each leg.

Available Configurations:

1. Momentum Up (Points)
   Example: If combined premium = 200, and up move = 10 pts → Entry is triggered when premium ≥ 210

2. Momentum Down (Points)
   Example: If combined premium = 200, and down move = 10 pts → Entry is triggered when premium ≤ 190

3. Momentum Up (Percentage)
   Example: If combined premium = 200, and up move = 10% → Entry is triggered when premium ≥ 220

4. Momentum Down (Percentage)
   Example: If combined premium = 200, and down move = 10% → Entry is triggered when premium ≤ 180

Evaluation Options:

• You can choose to check this condition based on:
  • Live LTP
  • Candle Close

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Different Cases:

• If combined premium is close to zero:
  No special handling required, premium moves will be evaluated as usual.

• If strategy legs have Simple Momentum or ORB:
  These settings are disabled when combined premium momentum is enabled.

• Re-Entry After Stop Loss / Target Hit:

  • ASAP-based Re-entry: Combined premium condition is not checked
  • Momentum-based Re-entry: Combined premium condition is checked

• ASAP or Momentum Reversal:
  Same logic as above.

• Square-off & Leg Re-entry:
  No change, works as per usual configuration.

• Lazy Legs:
  Not included in combined premium calculation. Lazy legs can still have their own Simple Momentum or ORB logic independently.

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Examples:

• Sell Straddle (98 CE, 112 PE)
  +98 + 112 = 210
  → 5-point up move: 215, 5-point down move: 205

• Buy Straddle (-98 CE, -112 PE)
  -98 - 112 = -210 → abs(210)
  → 5% up move: 220.5, 5% down move: 199.5

• Buy Butterfly (-310 ITM CE, +200 ATM CE x2, -90 OTM CE)
  -310 + 200*2 - 90 = 0 → abs(200)
  → 5-point up: 205, 5% down: 190

Example: Iron Condor Strategy

Your strategy consists of 4 legs:

#	Strike	Option Type	Action	Premium
1	19600	PUT	Sell	₹55
2	19500	PUT	Buy	₹30
3	19800	CALL	Sell	₹55
4	19900	CALL	Buy	₹35

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Combined Premium Calculation

Combined Premium = Sell Legs - Buy Legs = (₹55 + ₹55) - (₹30 + ₹35) = ₹45

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Setting Overall Momentum

If you set Overall Momentum = +10 points, AlgoTest will enter the trade only if the combined premium rises from ₹45 to ₹55.

Until this condition is met, the trade will not be executed.