About this template
OA Community,
Created this very simple bot to collect data and refine it as a bot that would be turned on and off based on technical analysis (TA).
- I turned this on Nov 15th when my TA confirmed a new bull market trend.
- It has plenty of flaws namely little protection in the even the market reverses hard. Part of data collection was to help determine modifications to add protections and position management decisions to remove that risk. Right now it is manual.
- I have not turn off or manually turned it off at any point since I turned it on
- I did adjust the trail stop set points and did add a profit taking percent in the last month based on data. This improved the average win amount and looking back would have capture more realized PnL.
- I will be looking at adding a manually inputted bull/bear level that would need to be managed manually and would cause a liquidation.
- I want to continue reviewing position management options that could automatically close a position or update exit option. You will see a monitor Position exit options updater. This was only used to quickly update exit options. I plan to build logic in here to update exit options automatically, I not sure how I want to do this yet.
- I need to work on logic to control position sizes and the number of positions that are on the same ticker.
- Ideally you analysis should include sector analysis to pick your mix of 10 stocks to scan. Multiple of these bots might be best to increase the mix of stocks. An opposing bot ready to swing bear may be a good hedge
- I am considering based on IV and VIX switching to use debit spreads or choosing deltas to open at.
Anyway I have found that simplicity and intervention with TA has help my success using bots. I plan to build more bots that rely on manual inputs to function at a high level. A good exmple are the IB bots. Those work great with a bit of TA and manually management to determine when to early close a position or let it run. The IB bots not manually managed go on runs then fail. Manually managed they maintain a positive equity curve.
