Iron Condor Enabled
What it does
Enables the iron condor structure across all engines that support it. An iron condor is a four-leg defined-risk structure: short put, long put below it, short call, long call above it. It profits when the underlying stays between the short strikes through expiration. This is the default and primary structure for the mechanical and contraction engines. Turning it off means those engines use credit spreads only.
When to change it
Turn OFF only if you want to trade credit spreads exclusively instead of the four-leg condor. In most cases leave ON: the iron condor's defined risk on both sides is the core structure ACondor is designed around.
Safe range
ON or OFF. Leave ON in almost all cases.
Example
With iron condor ON: SPY mechanical entry places a put credit spread and a call credit spread simultaneously as one four-leg order. With it OFF: only one-sided credit spreads are placed.