About this template
This bot is an experiment and is executing a somewhat counterintuitive strategy. On days the market opens in the red it sells 0DTE Put Spreads with the short leg at -.50Delta. Idea is to take advantage of juicy, fast decaying put premia on days when presumably there is some fear in the market. This has been running now for some months with a decent amount of trades under its belt. Last trade was on August 18th, the market has opened higher since.
What is interesting to me is that in a time frame when some 0DTE bots took a beating, this one is in the green. Also of note is that this bot was turned on over a time frame when the VIX was contained and volatility generally well supplied. Obviously, more trades are needed for more definitive readings. So, pls clone and share your findings and thoughts.
I have multiple versions of this bot running and the version with PT at 7% and Stop Loss at 20% has performed best.