About this template
This is a 50 DTE version of Kirk's trend and momentum bot. The other changes/entry features are:
1 - I set the deltas to 60 and 55, basically ITM at open instead of OTM.
2 - To try for better entries I added RSI 5 day < 75 check.
3- 14 EMA buy or sell indicator must hold over 5 days for entry to happen.
4- 14 RSI and 30 SMA must also match to enter on the put or call side.
Bot as shown has been running since May on paper and only on QQQ with 10% allocation per position max 4 positions max 1 daily. I run all my test bots on paper at 10k so if you look at any of my templates they are all starting with 10k. The flat area is when the bot was not seeing any conditions for entry. Seem to work good to stay away from no trend or trend that was whipsawing too fast.
I did not try any other variables other than other tickers with other deltas (30/25) in a few other bots. This one was the best performing over the time period May till now.
Results since May are below:
See the monitors for exit strategies employed. They have not been exercised yet since the bot is batting 1000 so far. The exit strategy also looks for trend changes to try and get out early. However the entries have been good enough that it has never deployed yet, so far.
