Frequently Asked Questions
Common questions about options backtesting and the Strategy Bender platform.
What is options backtesting and why does it matter?
Options backtesting lets you simulate a trading strategy against historical market data before risking real money. Strategy Bender uses tick-by-tick NIFTY, BANKNIFTY, and SENSEX data with realistic bid-ask spreads, slippage, and STT modeling, so your backtest results closely match live performance. We generate 50+ metrics including Sharpe, Sortino, Calmar, Profit Factor, and Recovery Factor.
Do I need coding skills to use Strategy Bender?
No. Strategy Bender features a visual drag-and-drop builder where you construct multi-leg options strategies (up to 4 legs) using 17+ indicators like RSI, MACD, SuperTrend, VWAP, and Bollinger Bands. Choose from 7 condition operators (including Crosses Above/Below), 7 timeframes (1m to daily), and pre-built templates for Straddles, Strangles, Bull Call Spreads, and Iron Condors. Zero programming knowledge required.
What analytical tools does Strategy Bender offer?
Strategy Bender includes 13 specialized analytical tools: Option Chain with live Greeks, GEX Dashboard for Gamma Exposure, Vol Surface for 3D implied volatility, IV Smile for skew analysis, Max Pain calculator, OI Tracker, Straddle Chart, Straddle PnL simulator, OI Profile, OI Visualizer, Strategy Payoff Builder, Option Greeks charts, and Portfolio Backtesting. No other Indian platform offers this complete toolkit in one place.
Which brokers are supported for live trading?
Strategy Bender connects to 27 Indian brokers including Zerodha (Kite Connect), Upstox, Angel One, Dhan, Fyers, Groww, 5paisa, Kotak Neo, Flattrade, AliceBlue, Pocketful, Shoonya, Firstock, and 14 more. We support OAuth, TOTP, and direct token authentication. Deploy your backtested strategy to live execution in one click across NSE, BSE, and MCX.
Can I paper trade before going live?
Yes. Strategy Bender includes a full paper trading system with ₹10L virtual capital, real-time MQTT market data feeds, live position tracking with P&L, order history logging, and multi-exchange support (NSE, BSE, MCX). Forward-test your strategies in live market conditions entirely risk-free before deploying real capital.
How does Strategy Bender compare to other Indian backtesting platforms?
Most Indian platforms offer basic backtesting with end-of-day data and limited indicators. Strategy Bender is the only platform combining 17+ indicators with nested indicator support, 13 analytical tools (including GEX, Vol Surface, and IV Smile), tick-level backtesting, paper trading, and 27 broker integrations in a single no-code platform. Plus per-leg and global risk management with trailing stop, trailing profit, and automated re-entry.