About this template
Doing some forward backtesting on Bluestone and ArtyT's Simple IB - 10% Return bot, I noticed that it was quietly one of the more consistently profitable bots I had been testing. So...I thought I'd seek some clarity of vision and tinker with it a bit more for some practice and perhaps some benefit for everyone.
In that spirit, here's the 20/20 Profit Taker
Every day at Market Open (9:45AM) it opens a $7 wide 0DTE IB. It has 1 minute Fast Smart Pricing set to take 20% profit, or Market Pricing to get out at 20(ish)% loss. Will try to force close starting at 3:00PM.
I don't know that this really needs to be said, but using this bot live absolutely will get you marked for PDT.
Currently set to work on SPY, QQQ, and IWM, but can be worked on other tickers. Default allocation of $10k, position size of $1k.
Some historical backtesting:
SPY 2022 - 3/10/2023
SPY since 2015
QQQ 2022 - 3/10/2023
QQQ since 2015
IWM 2022 - 3/10/2023
IWM since 2015
Thoughts Before Use:
As with all things, don't go in on this one blind. Obviously this bot could be lucrative in the right environment (which we may or may not be in at time of writing), but what is almost certainly going to save your bacon with this bot is proper ticker selection and position sizing.
This bot is still a work in progress, and I still need to do some testing on it to see how it performs on paper going forward. I'd appreciate feedback and suggestions for improvement. But, you know, be reasonable about it.
