About this template
Hey Traders!
I made a new, day trading directional iron fly (DIF) bot and am excited to share it with this awesome community! The idea is based on my original DIF bot. But with this current day trading bot, I'm still using the 5 and 14 EMAs to determine the trend, but now the bot opens a 1 DTE (compared to the original 3 or 5 DTE) iron fly in the direction of the trend and tries to exit the same day for a 10% profit or -20% loss.
The original bot has proven very successful, but I noticed the trades would go into profit very quickly that same day. So I thought if I shortened the DTE and exited the same day I'd have a good chance of success. So far this bot has proven my hypothesis correct. Again, it's only a handful of trades, but I'm excited to share these positive results!
The bottom trade (Sep 25) opened on a Friday, but didn't hit the profit target or stop loss so it closed the following Monday for a big profit. The Sep 26 trade had "exit at 1 DTE" still activated from a previous clone so it closed early, but it was still profitable. The remaining 3 trades are how I anticipate the bot to operate. The actual time in trade has been about 1.5 hours for the last set of positions. This is a 30-minute chart and the red arrows show a bearish iron fly was opened and the "$" is the exit for a profit, about 1.5 hours later.
