I extended the DTE to 14 days up from 5-7 days. Added PDT protections built in, and many more inputs added. The tickers I selected have custom daily volume values to help avoid entering the trade to early.. Currently testing at 10k starting capital until I get several trades to go through. Previous versions of the bot had mixed results.. sometimes sky rocketing to 100% profit then back down. I'm hoping the extended DTE will help with that. I do feel like adding PDT may hurt the bot but not 100% sure about that. Please let me know what y'all think.
Bot logic:
Check if VIX is bellow 40
Check if Ticker VOL for day greater than set value
Check if bot has 2 positions open for Ticker
Check for directional movement based on +, or - price % change (currently 1%) from yesterday and if price is above or bellow set SMA value (currently 5)
Check if opportunity is available to get rid of error messages
Check if bot already has long put, or long call spread in ticker to avoid doubling up on positions.
Open primary position with set risk allocation (currently $700)
Open secondary position at same time with set risk allocation (currently $300)
Strikes are based on % of ticker pricing
Expiration is set to at least 10-14 days
PDT protections are built in.
Bot tries to maximize profits scaling from 25%-1500% profit taking, however if exp is 2 days it will close no mater cost.
