50% R/R 70%POP

Trade Idea bot.

Looks for:

alpha over 20%

$1 EV

R/R 50% or better

PoP 70% or better

PMP 50% or better

PML 20% or less

Max loss 250

I also set a 50% profit target

I just picked some random tickers that had trades that might met this criteria, and the bot has opened some positions. In theory this bot should be positive expectancy, because the POP > R/R. This is just one idea I had, but I ma trying to figure out a way to find the optimized entry criteria, might not be possible, but I would hear some thoughts if you have them. There are a lot of things to consider as well. If you get to stringent with the entry, then it will never open a position, if you are to loose, it might open questionable positions. I think the ideal criteria is one that is tight, but finds trades every day, but what is that. Lots to think about.