About this template
Hey, OA Fam (and especially you 0dters out there)!
Have a new bot for the new year for y'all.
This is the 2nd or 3rd iteration of a 0DTE bot I've been playing with since the discussion really picked up here about such trades in late August.
The basic premise is:
If any of the 0DTE symbols moves above or below .33% intraday, open a .3Δ spread in the direction of the move, provided the risk-reward ratio is 30% or higher, with only 1 position per ticker open at any given time, at 10% net liquid.
It's only been run in paper so far due to capital requirements; that said, since August, the bots have been in the green, though the data pasted below is only back through October, which is when I saw enough evidence this strategy has promise.
At that time, I tested a .33 move vs a .4 move (which had nowhere near as a high return%, so it's been deprecated), and the results below are from the .33% bot over the past two months, with XSP added once that became available.
The position is set to close at a 95% take profit, with an automatic close from 3:15 on if the symbol price is within 10 cents of the short leg.
Symbol stats are as follows (and images with more detailed stats are below):
SPY - 13 wins, 5 loses
QQQ - 14 wins, 8 loses
IWM - 9 wins, 9 loses
XSP - 4 wins, 1 lose
I've left IWM in for now b/c it's paper, and why not, though there does seem to be an argument to forgoing it when taking things live.
Wishing everyone much success this new Gregorian year,
OP
Original allocation: $3333
