About this template
==>> will not be continued <<==
Simply had a lucky run for a limited time ...
Totally fell appart at the Nov-Dec run-up 2023
A simplistic bot cobbled together with elements that worked well in the past. It also works surprisingly well when you replace items like DTE, tickers, …
Based on Trade Ideas the scanner opens positions with pretty broad filter settings.
Exit Options takes care of the monitoring.
Modifications recently added: To avoid a critical drawdown but still leave some flexibility to swing a stop loss of 75% was recently introduced. The max profit of 30% is gone as the trailing SL of 11/3 takes care of exits anyhow.
The bot does not have much of a history - but as discussions have started around it at another place https://app.optionalpha.com/bots/bot/BOT244647116591309026146756 I thought it best to give it some room for itself.
This bot has only seen little surprises from what the markets can bring. (E.g. I have no idea what positions TI will feed once the market enters into a solid trend). You want to test it well through various scenarios and over many positions closed before taking it live.
In the baking: A version where ‘chance of profit’ is checked at the end of day with the idea to rather get out with a little profit than risk an overnight gap. Secondly a more dynamic EO where taking profits gets tighter with regards to DTE and profit% achieved.
Versions with longer DTE's
