About this template
Hi all - first template share on here with a bot that I wanted to leverage as much "new" feature set as possible to see how bots that I liked could be updated to make them less complex and easier to maintain.
Overview:
ETF IC's leveraging Exit Options and Exit Option modification to look at positions every minute instead of position monitors looking every 15 minutes. Looks for financial events/meetings and suppresses opening positions during the day of these events.
I'm running several versions of this template at different day ranges to see how things work. I've had a "beta" version of this building over the past week and it looks like basic functionality checks good so I'm pushing this out at this time as V1.
V1:
- Scans for financial events and large market moves up or down to know if a position should be opened that day.
- Basic design of opening 1 IC over a batch of symbols that are defined in variables with legs currently set to 15/30 delta, respectively
- Validates the day of the week it is to open a position based
- Validates that only 1 positions for a symbol is opened in a given week so it can't open more than 1 position for a given ticker in a week
- Leverages Exit Options to exit a given position in 1 minute intervals
- Leverages Exit Option updates to roll down requirements to exit based on number of remaining market days 10 minutes after market open to make the adjustment
- All version of the bot that I'm testing (# of days is the difference) use the same Exit Options automation to manage at what thresholds I close a position
- Positions close on a -25% stop loss
To-Do:
- Exercise the bot in 45/30/20/10/5 day timelines
- This is the 45 day version of the bot
- Add technical indicators to help guide on when to open and when to hold off
- My background is programming, not stock options, so this is where I look to other bots and members to help inform what my strategy
- Reevaluate the opening deltas
- Reevaluate the stop loss
- Evaluate if I want to break the IC into two position to make it easier to manage each side
All comments, suggestions and criticism welcome.
