Highest Sharpe Ratio
Bot opens a weekly short put spread on Tuesday. Built around Top Backtest for Highest Sharpe Ratio.


Summary
Have you looked at the Top Backtests in the Backtester? Did you ever think about turning one into a bot to see what it can do?
This template is based on a MSFT Weekly Short Put Spread that had a very high Sharpe Ratio. You can find the definition of Sharpe Ration on the Glossary of the Handbook at this page: 100s of Options, Stock, & Investing Terms [Glossary] (optionalpha.com)
The settings in this template are: 5% of available capital and -30 delta short put -5 long put
Profit target can be set to 100% to mimic results in top backtest or a trader can program one of their choice. DTE is set to 1 day and is also user configurable.
Related
Options Level
Level II StrategyEstimated Duration
~30 days on avgComplexity Level
IntermediatePrimary Strategy
Put Credit SpreadAutomation Types
2 automationsExpected Frequency
~1 position per weekTemplate Creator
@mike_adamson