About this template
Aloha OA Family!!
No casinos here on the island so this bot will do.
WARNINGS:
- This bot does day trade so if your account is under 25k please don't use. you'll get hit with PDT rule.
- Do not take this bot live. I just got done whipping it up, so it can have plenty of bugs, or not work at all. lol.
- If you are going to tweak, keep in mind moving the tags in the right place, this bot works off of events and having the proper tags in sequence to work.
- This bot doesn't have any complex entry filters yet(%High/low gap, SMA, RSI, ect.), but feel free to add one in the scanning automation. It is set to open at 9:45 every morning(also has a switch to turn off 9:45 open)
-This is a bullish play only, i don't have time to work on a bearish yet.
- This is a concept that has no hard/soft data to back up, just did it for fun.
-Make sure the bot hasn't opened any positions for the day before starting, will have to re clone and start fresh, if you want to use this bot more than once a day, because it needs the full 10 positions open slots.
What I am hoping the bot should do:
- opens first position with 1 contract (bullish short put spread -.30delta short with 10dollar wide long legs)
-Profit target: 30% and stop loss: 30%(same for each position)
-If first position wins, it won't open another position.
-If you lose the first position It will open a 2nd position.
-Opens 2nd position(dido) 1contract (bullish short put spread -.30delta short with 10dollar wide long legs)
-Profit target: 30% and stop loss: 30%(same for each position)
-If second position wins, it will not open another position.
-If you lose the second position it will open a 3rd position.
-Opens 3rd position with 2 contracts(bullish short put spread -30delta short with 10dollar wide long legs)
-Profit target: 30% and stop loss: 30%(same for each position)
-If you lose the 3rd position it will open a 4th.
-Opens 4th position with 4 contracts(Bullish short put spread -30delta short with 10dollar wide long legs)
-Profit target: 30% and stop loss:30%(same for each position)
-This is the final position.
So contract sizing is as follows 1-1-2-4.
- Hoping to win the first position and walk away.
- or the bot hopefully gives you 3 more tries to try to break even or come out with a small loss, if those positions win.
- or go home crying after the fourth loss.
Spy tracker:
-with each bullish short put spread, it will open 1 long equity spy and 5 long equity spxs, this should help me determine whether the short put spread lost or won. and closing out both spxs and spy shouldn't lose any money, if so its Pennys if I correctly priced it right.
-If there was an easier way to see if the position lost or won using the 1 min intervals, please let me know.
Switches:
-which you'll find in the setting tab, click on the pencil in bot input box.
- you'll have the ability to switch the opening 9:45 scanner to off so you can wait for your set up to open first position by button.
- You'll also have the ability to switch off second, third, or fourth position if you don't want to martingale.
Buttons:
-you'll find in dashboard tab.
- Open your first bull tab- only use when no positions have opened for the day in the bot. it won't work otherwise.
-also a button to stop further trading without closing positions.
- close all button.
Feel free to switch up contract sizing,
1-2-4-8
2-4-2-4
1-1-1-1
just keep track of where you switched sizing and which event to match.
Feel free to switch up profit target and stop loss as well.
If I did it correctly this bot will open the next positions without waiting 15 mins by jumping through events automation.
I hope this bot works out or a variation of it. maybe on a longer time frame.
Have fun with the bot family!
