JL Super Bull



Summary
While I had shared a prior version of this bot (and strategy) in the community - with all of the new bot recipe's, smart pricing, etc. that have been introduced in the past 6 months, I have just totally rewritten it using all of the latest and greatest recipe's and features such as Smart Stops, Smart Pricing, etc.
Here is a screen shot of the performance of the "Old" version of this bot paper trading in my account over the past 6 months and as you can see - it has "KICKED BUTT" and I expect this newer version to even do a little better, so long as the market continues it's general trend:
This strategy is simply purchasing a near the money Call Debit Spread each month at roughly 60-65 DTE's and then IF there is any profit after 30 days, close that 30 day old position and if that 30 day old position is at a loss, you simply keep it open until it shows pretty much any level of profit, but also at that 30 day mark, you launch a new position 60 days out as well - so you "could" have 2 positions open at a time.
This rewritten SuperBull actually now uses Smart Stops to keep that first position open and just puts a trailing stop under it - so I am hoping to squeeze some extra juice out of the position.
Let me know if anyone has any questions!
Related
Options Level
Level II StrategyEstimated Duration
~50 days on avgComplexity Level
BeginnerPrimary Strategy
Call Debit SpreadAutomation Types
3 automationsExpected Frequency
~2 positions per monthTemplate Creator
@steveganz