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00DTE | Trade Ideas | Neutral/BULL/BEAR -bot
Trade ideas bot with some neutral and trend checking. Super simple scanner using 1 min exits to monitor.
Tickers must be managed/changed get more positions.
Ticker search recommendations:
- Since the bot is looking for short term trades go to trade ideas and put in some of the search criteria used in the scanner for ROR, DTE, PML, POP etc.. Once you have a list check which tickers are in a bull trend or neutral trend using the indicators. Fill your ticker bucket accordingly.
At this point what I do for ticker selection is I filter on:
- Neutral = PML <30%/ R/R > 20%/EV > 50$/POP > 60%
- BULL = PML <30%/ R/R > 20%/EV > 50$/POP > 60%
- BEAR = PML <30%/ R/R > 20%/EV > 50$/POP > 60%
Both sorted on EV highest at top. I look at both lists and write down the tickers that have opportunities above EV>50$. Those are the tickers I use.
EXIT Criteria v6:
for IC/SPS/SCS:
For longs if toggle is turned on:
v1- Using as many of the find trade ideas and 1 min exit controls as possible. Using Alpha rank sorting, high ROR and low PML to try and weed out the lower probability trades. One trade per ticker at a time. 5 per day, 10 max. Just started paper trade this week. - July 6th, 2023
For V6
IC: ( tweaked it a bit from original to get more positions to open).
SPS/SCS:
v2 - BBANDs indicator used for neutral ticker detection, EMA/MFI/VXX used for bull trend detection. So trend is filtered before the trade ideas logic block.
v3 - added the dead man switch buttons, the FOMC/CPI avoidance, the earnings avoidance too. The dead man switch tagging will not work unless you add DMS ON automation to a schedule. I usually put it for wed noon but in paper mode I don't turn it on.
v4 (July 17th change date) - combined both scanners into one. Now using one ticker list. Added extra MFI trend checking, MACD trend checking on SPS leg.
