I've added a few enhancements to my previous bot template that replicated the settings of the current top backtested trading strategy as of 3/3/21. The original bot template sold a bull put spread 30 days out at 30/70 deltas sequentially. The only entry criteria were ensuring there was no active position.
The two changes included replacing AAPL with an input value and adding a recipe to the scanner automation requiring a bullish crossover signal by checking if the 50-day SMA is above the 200-day SMA.
Symbol: Default AAPL (added an input value here for easy customization)
Strategy: Short Put Spread
Capital Allocation: $30,000 | 30% of capital per position
- 50 Day SMA is above 200 Day SMA (Added this recipe to help suggest an upward trend in momentum)
- Short Delta: 70
- Long Delta: 30
- DTE: 30
- Profit Taking: 25%
- Stop Loss: None
- DTE: None