About this template
If nothing else, this should be a fun experiment to follow along with to see how it does!
The Follow the $Money&_SPY bot is based on a video @leedunk posted here asserting research based daily/monthly market manipulation. Definitely an interesting listen. I had previously learned about gap fills, but never understood exactly WHY they happen other than it just being a hive mind market target... yeah, but why. The video states that if the market moves too much in a particular direction daily or weekly, the market makers have large amounts of capital they will deploy to move the market back to "max pain" where they lose the least amount of money being on the other side of many trades. Seems plausible, right? There is also research indicating particular direction bias at certain times of the day and days of the month.
This bot is my attempt to test some of this information as a trading edge. It focuses on 3 different parts of the research:
1) The Monthly Options Exp Trad (MOET) scanner is built to place a trade in the opposite direction the market has been moving prior to options expiration week.
2) Long/Short Scanner places long or short trades on particular days of the month (1st - long, 2nd - long, 16th - long, 19th - short, 31st - long). There are other applicable days, but I reached the OA Event limit with these 5). If the stats are good, perhaps we can petition for more days or engineer a workaround.
3) 2pm Call Opener (aka Deucebot) that simpli opens a long call every market day at 2pm EST. Technically the example given in the video is for the QQQ's, but I built a version for both the QQQ's and SPY and while they have limited historical data the results so far look interesting. Both are available as standalone bots here: 🕷️ SPYder Deucebot 🕷️ AND here: 🆀 Q's Deucebot 🆀 I just threw them in here to keep us from getting bored in between the other infrequent trades.
Each strategy could be spun out if parts of this experiment end up working better than others.
If all goes as designed 🤞🏻 it should be placing its first trade (tomorrow) on 12/1.
