Credit: Matt Grosse's original work.
Matt's original V2 and V4 were some of earlier bots I deployed. V2 has been incredibly successful with QQQ even with some significant draw downs along the way. Recently, I attempted to deploy the same bot for multiple tickers, and while it was still doing well, the performance struck me as little odd. That's when I re-discovered the original position management issue with QQQ.
Matt has two versions of the bot, one that creates hedge as a scanner automation (v1.1), and another that checks position counts at 3:45pm (v3).
Enter V1.2 - A merge of Matt's v1.1 and the settings of my V2. The result should be an awesome performing bot that can be deployed for others tickers (1 bot for each ticker) - See Bot/Post for more information.
- Open Short Call Spread is 16% of Bot Allocation vs other versions set at 4 contracts or 8%
- Short Put Selling in Uptrend Scalp event automation is scheduled for everyday vs M/W/F, Allocation is set to 5% of bot allocation, DTE 12-15 Days vs 14-25 days.
- Target/Trigger/Smart Stop are now bot level inputs and set to 50%/40%/10%
Disclaimer: Matt is definitely onto something with his adjusted for the call hedge being an event automation, not a scanner, but in his wise words, "if it ain't broke, don't fix it". See screenshots of v2 bot performance (start, July 19, July 30) and some positions taken to give you a feel for the trades taken. If you want the v2 bot as is, I'll post here as a reply.