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Highest Sharpe Ratio

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

Tags
Scheduled Events
Short Put Spread
Backtesting
Custom Inputs
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  • Options Level
    Level II Strategy
  • Estimated Duration
    ~30 days on avg
  • Complexity Level
    Intermediate
  • Primary Strategy
    Put Credit Spread
  • Automation Types
    2 automations
  • Expected Frequency
    ~1 position per week
  • Template Creator
    @mike_adamson

No-code, fully automated trading for stocks and options.

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