BTC ATM Dual-Side Breakout Strategy

Delta Exchange India · Python · TradingView WebSocket

An automated options trading bot that simultaneously watches the nearest ATM Call and Put on Delta Exchange India, fires on a breakout pattern, and manages the full trade lifecycle — entry, bracket order, and exit — with pure USDT sizing.

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How It Works

Startup
  └── Fetch live BTC spot price from Delta API
  └── Auto-select nearest ATM CALL + PUT (same expiry)
  └── Open two TradingView WebSocket feeds (one per leg)

Each leg independently watches for:

  🔴 Closed RED candle
       ↓
  🟢 Closed GREEN candle
       ↓
  📈 LTP breaks above green-candle HIGH  ← trigger

First leg to trigger:
  ✅ Market buy on that option
  📌 Bracket order placed (target +2%, stop = red-candle low)
  ❌ Other leg cancelled immediately

On trade exit (target or stop):
  🔄 Both legs re-arm and resume scanning

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Features

• Auto ATM selection — strike nearest to spot is picked at runtime, no manual input
• Dual WebSocket feeds — each leg has its own TradingView connection (DELTA:C-BTC-60000-290626)
• Real-time candle display — closed bars print permanently; live forming bar updates in-place on one line
• Pure USDT sizing — lots = floor(CAPITAL_USDT / option_LTP), no BTC conversion
• Bracket orders — target and stop placed on exchange automatically in live mode
• Paper mode by default — zero risk until you flip LIVE_TRADING=true
• Thread-safe — shared position lock ensures only one trade can be active at any time
• Auto-reconnect — WebSocket feeds reconnect on disconnect

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Terminal Output

  [C-BTC-60000-290626] 09:14 IST 🔴 O=530 H=534 L=522 C=524 V=12  #1
  [C-BTC-60000-290626] 09:15 IST 🟢 O=524 H=531 L=521 C=529 V=18  #2
  [C-BTC-60000-290626] 09:15 IST 🔔 Signal → red_low=522  green_high=531  watching for breakout above 531
  [C-BTC-60000-290626] 09:16 IST 🟡 LIVE O=529 H=533 L=528 C=532 🔔 SIGNAL   ← updates in-place

════════════════════════════════════════════════════════════
  ✅ ENTRY [C-BTC-60000-290626]
     Lots : 1  @  532 USDT
     Target : 542.64 USDT  |  Stop : 522 USDT
     Capital used ≈ 532 USDT
     Max gain ≈ 10.64 USDT  | Max loss ≈ 10 USDT
════════════════════════════════════════════════════════════

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Installation

Requirements: Python 3.10+

pip install requests websocket-client

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Usage

Paper Mode (default — no real orders)

python delta_btc_atm_dual_strategy.py

Live Mode

DELTA_API_KEY=your_key \
DELTA_API_SECRET=your_secret \
LIVE_TRADING=true \
python delta_btc_atm_dual_strategy.py

Specific Expiry

EXPIRY_DATE=29-06-2026 python delta_btc_atm_dual_strategy.py

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Environment Variables

Variable	Default	Description
DELTA_API_KEY	(empty)	Delta Exchange API key (required for live)
DELTA_API_SECRET	(empty)	Delta Exchange API secret (required for live)
LIVE_TRADING	false	Set true to send real orders
DELTA_BASE_URL	https://api.india.delta.exchange	Delta API base URL
TV_CALL_SYMBOL	(auto)	TradingView symbol for CALL feed — auto-built as DELTA:C-BTC-STRIKE-DDMMYY
TV_PUT_SYMBOL	(auto)	TradingView symbol for PUT feed — auto-built as DELTA:P-BTC-STRIKE-DDMMYY
TV_TIMEFRAME	1	Candle resolution in minutes
TV_HIST_BARS	200	History bars to load on connect
UNDERLYING	BTC	Delta underlying asset symbol
EXPIRY_DATE	(nearest)	Expiry in DD-MM-YYYY format; blank = nearest live expiry
CAPITAL_USDT	1000	Capital per trade in USDT
TARGET_PCT	0.02	Target as fraction of entry price (0.02 = 2%)
SIGNAL_VALID_MINUTES	1	Minutes a signal stays active before expiring (0 = never expire)

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Sizing Logic

lots = floor(CAPITAL_USDT / option_LTP_USDT)

Delta India options are quoted and settled in USDT directly. No BTC lot-size conversion is needed. Every price, P&L, and capital figure displayed is in USDT.

Example:

• Capital: 1000 USDT
• Option LTP: 526 USDT
• Lots bought: floor(1000 / 526) = 1 lot

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Signal Logic

Pattern required (on the OPTION's own candle feed):

  Candle N-1 : RED  (close < open)
  Candle N   : GREEN (close > open)
  Candle N   must immediately follow Candle N-1 (consecutive 1-min bars)

Trigger:
  LTP of the option > Candle N high  →  ENTRY
  Stop  = Candle N-1 low  (round to tick size)
  Target = entry × (1 + TARGET_PCT)  (round to tick size)

Signals expire after SIGNAL_VALID_MINUTES minutes if not triggered (set to 0 to disable expiry).

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Architecture

run()
 ├── DeltaClient.resolve_atm_pair()   → OptionContract × 2
 ├── DualStrategy
 │    ├── Leg [CALL]  ←── TvFeed (DELTA:C-BTC-XXXXX-DDMMYY)
 │    └── Leg [PUT]   ←── TvFeed (DELTA:P-BTC-XXXXX-DDMMYY)
 │
 └── On trigger (first leg wins):
      ├── DeltaClient.market_buy()
      ├── DeltaClient.bracket()
      └── Other leg → cancel_signal()

Key classes:

Class	Responsibility
DeltaClient	REST API — product lookup, order placement, bracket orders
TvFeed	TradingView WebSocket — streams candles and LTP per leg
Leg	Per-side signal detection, candle history, live display
DualStrategy	Shared position lock, trade coordination, exit management

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Risk Warning

This software is for educational and research purposes only. Options trading carries significant risk of loss. Always test in paper mode first. Past performance of any strategy is not indicative of future results. You are solely responsible for any trades placed using this software.

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License

MIT — free to use, modify, and distribute.