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DyadScalp Master Systemv1 · 2026-06-26
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DyadScalp Master System
Single Source of Truth · Trading Operations Manual
Last read: Never
Section 1
System Identity
System NameDyadScalp Terminal
TraderPratap Kumar Panigrahi
BrokerUpstox (Live)
InstrumentNifty 50 Options
ExchangeNSE India
Trading StyleScalping + Positional
Capital₹1,00,000
Versionv1
Last Updated2026-06-26
Section 2
System Philosophy
- Capital preservation is more important than profit making.
- No signal is worth breaking a risk rule.
- The journal is more valuable than any indicator.
- If it is not backtested it is gambling.
- Paper trade first. Always.
- A day without a trade is not a lost day.
- The market will be open tomorrow. Your capital must be too.
- Discipline is the only edge that cannot be backtested away.
- Never trade the first 15 minutes. Never trade the last 15 minutes.
- Three losses in a row means stop. Not one more trade.
Section 3
Complete Signal Engine
Signal 1 — VWAP Breakout
ConditionPrice crosses above/below VWAP with RSI confirmation
EntryOn confirmed close above/below VWAP
Target1.5x SL distance
SLBelow/above VWAP at entry
Best time9:30 AM – 11:00 AM
AvoidAfter 2:00 PM
Signal 2 — RSI Momentum
ConditionRSI crosses 60 (bullish) or 40 (bearish) with price above/below EMA5
EntryOn RSI cross confirmation
Target2x SL distance
SLLast swing low/high
Best time10:00 AM – 12:00 PM
AvoidRSI above 75 or below 25
Signal 3 — EMA Cross
ConditionEMA5 crosses EMA15 with volume above 20-period average
EntryOn candle close after cross
Target1.8x SL distance
SLBelow/above EMA15
Best timeAny session
AvoidFlat/choppy markets
Signal 4 — OI Buildup
ConditionOI increases >10% at ATM strike with matching price movement
EntryOn OI confirmation with price breakout
TargetNext major OI strike
SLBelow/above entry candle
Best time9:45 AM – 11:30 AM
AvoidNear expiry days
Signal 5 — Range Breakout
ConditionPrice breaks 30-minute opening range high or low with volume surge
EntryOn breakout candle close
TargetRange size projected forward
SLOpposite side of range
Best time10:00 AM – 11:00 AM
AvoidVIX below 12 (low volatility)
Section 4
Complete Risk Rules
Position Rules
- ☐Max risk per trade: 1% of capital
- ☐Max open positions: 2 at any time
- ☐Max lot size: auto-calculated only
- ☐Never override auto lot size
Daily Rules
- ☐No trades: 9:15 – 9:30 AM
- ☐No new entries after: 3:00 PM
- ☐Force close all positions: 3:20 PM
- ☐Daily loss limit: 3% of capital
- ☐Daily profit target: 3% of capital
- ☐After target hit: 50% qty only
Loss Rules
- ☐2 consecutive losses: warning shown
- ☐3 consecutive losses: 15 min pause
- ☐Daily limit hit: full day suspension
- ☐Weekly limit (6%): week suspension
VIX Rules
- ☐VIX 13–15: normal trading
- ☐VIX 15–20: SL +20%, target −15%
- ☐VIX above 20: 50% qty, banner shown
- ☐VIX below 12: tight targets enforced
Section 5
Pre-Market Checklist
Auto Checks
- ☐Broker link: GREEN
- ☐Prior session candles: ≥50 loaded
- ☐VIX level: noted and adaptive rules active
- ☐ATM strike: identified
- ☐OI snapshot: top 3 levels noted
Manual Checks
- ☐Capital confirmed in Upstox
- ☐Risk per trade set correctly
- ☐Trading profile selected
- ☐Paper mode OFF if trading live
- ☐News check done
- ☐Mental state check: calm and focused
- ☐Not trading after poor sleep
- ☐Not trading if unwell or stressed
Section 6
Trading Session Rules
Morning Routine (before 9:00 AM)
- ☐Check global markets (SGX Nifty, Dow futures, crude oil)
- ☐Note previous day high/low/close
- ☐Check any overnight news or events
- ☐Set intention: scalp or positional today
- ☐Review yesterday's journal entry
Session Routine (during market)
- ☐Never chase a missed entry
- ☐Never move SL against your position
- ☐Never average down on a losing trade
- ☐Never trade out of boredom
- ☐Never increase size after a loss
- ☐Always wait for signal confirmation
- ☐Always respect the 15 min cool down
Evening Routine (after 3:30 PM)
- ☐Complete journal notes for all trades
- ☐Rate each trade 1–5 stars
- ☐Note emotional state during session
- ☐Identify one thing done well
- ☐Identify one thing to improve
- ☐Set plan for tomorrow
Section 7
Backtesting Rules
Before Trading Any Strategy
- ☐Minimum 100 trades in backtest
- ☐Walk forward test completed
- ☐Out-of-sample drop less than 15%
- ☐Monte Carlo max drawdown checked
- ☐Profit factor above 1.5
- ☐Sharpe ratio above 1.0
- ☐No health warnings flagged
Deployment Pathway
- 1. Backtest (100+ trades)
- ↓
- 2. Walk Forward Pass
- ↓
- 3. Paper Trade (minimum 5 sessions)
- ↓
- 4. Live at 50% size (2 weeks)
- ↓
- 5. Full size only if consistent
Section 8
Performance Targets
Minimum Acceptable
(keep trading)
- • Monthly win rate: above 50%
- • Monthly profit factor: above 1.3
- • Monthly max drawdown: below 10%
- • Risk rules followed: above 90%
Review Required
(reduce size)
- • Monthly win rate: below 50%
- • Monthly profit factor: below 1.3
- • Monthly max drawdown: above 10%
- • Risk rules followed: below 80%
Stop Trading
(full system review)
- • Monthly loss exceeds 10% of capital
- • 3 consecutive losing weeks
- • Risk rules followed below 70%
- • Emotional trading detected in journal
Section 9
System Health Dashboard
- 1. Signal EnginePASS
- 2. Pre-market CheckPASS
- 3. VIX Adaptive RulesACTIVE
- 4. Broker LinkRED
- 5. GEX + IV AlertsACTIVE
- 6. Strategy Builder0 rules set
- 7. Risk RulesENFORCED
- 8. Trading Journal0 trades logged
- 9. Backtest Engine0 strategies tested
Overall System StatusOFFLINE
Section 10
Emergency Procedures
If Broker Link Drops During Trade
- Do NOT panic
- Log into Upstox app directly
- Check open positions manually
- Exit manually if needed
- Do NOT re-enter until link restored
- Log incident in journal
If Internet Drops During Trade
- Use mobile hotspot immediately
- Log into Upstox app on phone
- Check and exit positions manually
- Do NOT re-enter that day
- Log incident in journal
If You Break a Risk Rule
- Stop trading immediately
- Exit all positions
- Write in journal exactly what happened
- Do NOT trade for remainder of day
- Review what triggered the rule break
- Paper trade next day before going live
If Daily Loss Limit Hit
- Accept it. Close terminal.
- Do NOT try to recover same day.
- Go for a walk.
- Return tomorrow with fresh capital.
- Recovery trading always makes it worse.
Section 11
Monthly Review Checklist
Performance Review
- ☐Monthly P&L vs target
- ☐Win rate trend vs last month
- ☐Best performing signal type
- ☐Worst performing signal type
- ☐Best time of day
- ☐Worst time of day
- ☐Most common exit reason
- ☐Average R:R achieved vs planned
- ☐Slippage impact this month
- ☐Risk rules adherence %
System Review
- ☐Any signals underperforming (disable if win rate below 45%)
- ☐Any risk rules being broken regularly (tighten enforcement)
- ☐Journal patterns identified
- ☐Backtest any new ideas
- ☐Update strategy parameters if needed
Mental Review
- ☐Emotion distribution this month
- ☐Most common negative emotion
- ☐Did emotions correlate with losses
- ☐One habit to build next month
- ☐One habit to break next month
Section 12
Version History
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