About this template
Aloha Family!
Variation of Larry Rupp's Continuous credit spreads.
Great for traders who love watching your screen all day. lol
WARNINGS:
-this is a day trading bot, you will get hit with PDT if your account is under 25k(for anyone new out there)
-This bot is not an automated bot/can't turn on and forget it.
Button Warriors!
This bot works on manually clicking buttons.
Use any time frame that works best for you!
I personally like to use it with a 2-5min chart.
Pick any criteria you'd like to enter a trade.(mac d, sma, rsi, voodoo board, ect)
I personally like to use it when price goes above or below 20sma.
Entry Buttons:
-Open bull spread button
-Open bear spread button
-Open Iron Butterfly button
bull and bear spreads are set to 0-1dte, .30/-.30 and ten-dollar wide long legs.
Iron butterfly is a neutral position. .50/-.50 shorts and .10/-.10 wide legs.
All set to open 1 contract. So allocating it with 2k should be plenty.
All will exit by 1min intervals profit: 10% and stop loss:-25%
Repeat Buttons:
-tag repeating bull
-tag repeating bear
-stop repeats/untag bot
If you're like me and plan on using this bot as a trending bot. then these repeat buttons will come in handy. click em and your bot will automatically open another bull or bear position on its own right after your position exited, without waiting 15mins. you just have to click button once, refresh your page and scroll down on dashboard tab to see if you have the right tag in the tag section.
If you don't want the bot to repeat bull/bear spread just click on the stop repeats button.
switching buttons:
-switch to bull
-switch to bear
This will untag positions and open a bull or bear. If you want to repeat then you'd have to click repeat button again once it opened the position you switched to.
by clicking switching, it will only work if there is an open position. it won't open a position if you don't have any positions. because it's working off the close automation.
This bot will also close and untag position at 3:30pm(end of day) by monitor.
WARNING: make sure you don't have any tags you don't want before opening a position and before closing a Position. You can find out what tags your bot has by scrolling down in your dashboard tab under tags.
I just got done building this and only tested it once, so don't trade it live. just thought I'd share and hopefully someone can build out a longer time framed bot of this version on the daily time frame or weekly so it can be 100% automated without manual labor lol
