IRON CONDOR-option trading strategy

This strategy I proposed had lot of maintenance. Hence, I could not trade this. Instead, I started trading the following strategy.
On weekly expiry day of BankNifty, at 03:00 PM see max OI of Call/Put expiring next week. Sell both Call n Put at that max OI strike.(of next week expiry).
Adjustment: When Banknifty crosses any of these strike price, buy equal lot of next month option. On next week expiry day square-up this bought option.(i.e. if Banknifty rises above sold call strike price, buy next month call, square up along with sold call expiry. If Banknifty falls below sold put strike price, buy next month put, square - up along with sold put expiry)
 

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