About this template
This is a simple bot with a relatively simple strategy. Everyday at 3:15 it checks to see if the symbol price is above or below the 30 day SMA and 5 day SMA then places a directional broken wing butterfly skewed either bullish or bearish depending on whether the price is above or below the sma. It opens the butterfly 6 dte or less depending on which day of the week it is. Every morning it attempts to close at 1.10 (just because why not.) It rarely works to close at that price, but you never know, I might get lucky. It then tries to capture a 20% profit or $30 whichever comes first. There's a switch to prevent opening on Fridays if you want. You can also select a switch to use only Bullish or only Bearish trades to open. There's also a switch to prevent the monitors from acting if you just prefer the Exit Options. I also have a monitor for the expiration day that changes the exit options and /or closes the position before expiring. This bot has gone through many changes and additions of features (I actually built this bot before Exit Options) so some of the logic might seem weird, but it works. The bot has been profitable both on paper and live, though I tend to chicken out & close some of the live positions early when they are losers. I run it on SPY and QQQ. I haven't tried it with other tickers.
Here's the performance of the bot on paper since late January of this year:
Here's the performance in my Live account. I've had it turned off since the middle of June as I was allocating to other bots I was trying (should have left this one on.)
Anyway, after being a part of this great community from the beginning of bots and cloning countless bots by other people, I figured it was high time I shared one of mine.