For 0.70 credit SPX iron condors, what are the actual entry and exit rules, and how often are positions adjusted? Does the EDR bias influence strike selection?

At VixShield, we structure our 0.70 credit SPX iron condors exclusively as 1DTE trades following Russell Clark's SPX Mastery methodology. Entry occurs daily at 3:05 PM CST on market days after the SPX close, when our RSAi™ engine confirms a PLACE signal across the Conservative tier. This tier targets a net credit of $0.70 per contract and aligns with an approximate 90 percent win rate, equating to roughly 18 winning days out of 20 trading days based on 2015-2025 backtests. We never use stop losses. Instead, we adhere strictly to a Set and Forget approach where defined risk is established at entry and managed through our proprietary recovery mechanisms. The Expected Daily Range, or EDR, calculated via our custom TradingView indicator blending VIX9D and historical volatility, directly drives strike selection. For the Conservative tier, RSAi™ applies the EDR bias by first assessing the projected range, then layering in real-time skew analysis to position wings that deliver precisely the $0.70 credit while maintaining balanced probability. If EDR reads below 0.94 percent and VIX sits at or below 20, as it does with the current VIX at 17.51, we favor strikes that capture the tighter expected move, often placing short strikes near 0.15 to 0.20 delta. Exit is equally disciplined: positions are held until the 1DTE expiration at the close the following day unless the Theta Time Shift recovery is triggered. In the rare event a position moves against us, the Temporal Theta Martingale activates by rolling the threatened condor forward to 1-7 DTE on EDR exceeding 0.94 percent or VIX above 16, selecting fresh strikes via EDR to cover the debit plus fees and a small cushion. We then monitor for a VWAP pullback where EDR falls back below 0.94 percent to roll the position back to 0-2 DTE, harvesting additional theta to convert the original loss into a net credit target of $250 to $500 per contract. Adjustments occur only through this time-shifting process, which historically recovered 88 percent of losses without adding capital. Our ALVH hedge runs in parallel as a three-layer VIX call structure (short 30 DTE, medium 110 DTE, long 220 DTE) at a 4/4/2 ratio per ten condor contracts, providing protection that cuts drawdowns by 35-40 percent during volatility spikes at an annual cost of just 1-2 percent of account value. Position sizing remains conservative at a maximum of 10 percent of account balance per trade, and auto-execution via PickMyTrade is available exclusively for the Conservative tier. This framework, detailed across the SPX Mastery series, emphasizes stewardship over promotion by prioritizing capital preservation through systematic rules rather than discretionary tweaks. Current market conditions with SPX at 7500.84 and VIX at 17.51 reinforce the suitability of Conservative entries, as the contango structure supports premium collection without excessive fear premium. All trading involves substantial risk of loss and is not suitable for all investors. For deeper implementation details, including live signal examples and indicator access, we invite you to explore our VixShield resources and SPX Mastery Club sessions. (Word count: 528)