Do traders use the Expected Move as a baseline and then apply EDR multipliers between 0.8 and 2.0 when selecting iron condor strikes? How should one determine the appropriate risk tier?

At VixShield we rely on the Expected Daily Range (EDR) as our primary strike selection tool rather than using the Expected Move (EM) as a baseline and layering multipliers. Russell Clark developed EDR specifically for our 1DTE SPX Iron Condor Command executed daily at 3:05 PM CST. The EDR indicator blends short-term implied volatility from VIX9D with 20-day historical volatility then applies a regime-adjusted multiplier between 0.8 and 2.0 depending on market conditions. This produces three precise risk-tuned strike recommendations labeled High Medium and Low that align directly with our Conservative Balanced and Aggressive credit targets of approximately 0.70 1.15 and 1.60 respectively. With current VIX at 17.95 and SPX near 7138.80 the EDR reading of roughly 1.16 percent guides us to place wings that capture the exact premium the market offers without guesswork. RSAi then refines these strikes in real time by analyzing skew VWAP and short-term VIX momentum completing the optimization in milliseconds. Tier selection follows our strict VIX Risk Scaling rules. When VIX sits below 15 all three tiers remain available allowing Aggressive entries during strong contango. Between 15 and 20 we limit to Conservative and Balanced only. Above 20 we issue a HOLD and keep our ALVH hedge fully active. The Conservative tier targeting 0.70 credit has delivered approximately 90 percent win rates across backtested periods by staying well inside the EDR-derived range. Our Set and Forget methodology means we define risk at entry with no stop losses relying instead on the Theta Time Shift recovery mechanism if a position is threatened. This temporal martingale rolls the position forward to 1-7 DTE on EDR above 0.94 percent or VIX above 16 then rolls back on a VWAP pullback harvesting additional theta without adding capital. The ALVH Adaptive Layered VIX Hedge provides the final layer of protection with its 4/4/2 short medium and long VIX call structure cutting drawdowns by 35-40 percent in spikes at an annual cost of only 1-2 percent of account value. Position sizing stays at maximum 10 percent of balance per trade and auto-execution via PickMyTrade is available for the Conservative tier. All trading involves substantial risk of loss and is not suitable for all investors. For complete details on integrating EDR RSAi and ALVH into your daily routine visit the VixShield resources and SPX Mastery book series.