Some of the observations, during the trial of IOS based system while operating it in nifty option market are:
1. It was using all the well known strategies simultaneously at different stages of the market.
2. I was just to square off and create new positions as required by the system.
3. Every square off position was giving profit and new positions were being created(manually) as defined by the IOS system, which was again a new strategy.
3. No chart analysis of any kind was being used.
4. No requirement of automated software was felt, even in the fast movement.It could bear the fall the 500-600 nifty points very smoothly without creating any loss.
5. System itself was defining that next movement will be, up or down.
6. No prediction was required, only required was the movement. As profit was being taken at every square off, so vacuum for next movement, to cover that loss of market, was being automatically generated by the market.
7. Profit was proportional to the number of lots of nifty options, but the same number of lots were to be used from start to the end of the day.
8. And you are to stop trading at 3 P.M or 5 minutes plus or minus, whatsoever the movement of the market is.
9. You will have to be cautious about the bid rate or ask rate being offered in the ticker at any point while squaring off the position, because operator becomes mad when it realize that you are working on IOS system.
10. And using IOS system to earn from option market, at least needs basic knowledge of option trading and some trading experience.
These are 10 points I realized during trail, and tried to elaborate in words.
Regards