Pulsar

RUN AS PAPER; YOU HAVE BEEN INFORMED.

The bot's name is "Pulsar".

It intends to go beyond the common narratives and parameters of a "good trade / entry".

I want to preferably mature this as a shorter DTE bot, including 0DTE. The bot is also limited in its capabilities as to what Trade Ideas can do. I do not mean lottery tickets. I respect the efforts that a human being puts in to earn their livelihood, and by no means I would knowingly propose a system that contradicts those realities, or where I would not put my own money.

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Concerns:

• Given my success criteria and today's market dynamics, I plan to keep the overnight risks to the minimum in that "longer" DTE (0 / 1 is better than 7) may be less favorable
  • Therefore, the thing that should save us is the asymmetric R:R 

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Thoughts:

I think the Team OA knows that the concept of Trade Ideas can be refined towards highlighting asymmetric opportunities. I will see how I can marry the future upgrades in this bot. That said, the bot will never reach its full potential until Trade Ideas mature, or the scanner-level capabilities can exponentially improve.

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Goals:

• Asymmetric R:R
• Avoid over trading per symbol per day
• Intends to trade the relatively deep ITM and deep OTM
• Intends to go for higher width (wider the better) trades 
• Does not intend to save costs on commissions
• Does not intend to be PDT friendly
• Does not intend to avoid assignment
  • Though, for now, we are liquidating positions at the end of the day
  • That said, I suspect it to be in our favor if the logic makes sense
• Supports only and any Trade Idea supported ticker
• Relatively untested entry / exit criteria
  • Not an active concern for now; over time, it would either make more sense or things will get clearer

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Closing notes:

• For each position that gets opened, we should check whether or not it plays out in our favor
  • To do this, we must track the chart from that point on, and see if it appears to be going in our favor or not. This is for our own sake in that I can improve the logic if applicable
• I have purposefully kept notifications out of this bot as it quickly piles up
  • It may serve purpose in the future
• Limited by the "bugginess" and maturity of Trade Ideas
  • There is no point is including any special handling there

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Success criteria (future revisions will be likely be required):

• Run the profits
• Cut the losses early
• The losses do not incur a mental toll
• Trades fairly frequent without over-trading

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Experiment with tickers (TI supported ones) of your choice. It would be likely redundant if you run the same tickers. I also covering all the ETFs today, but that can change.

Should you decide to use it and have time, feel free to share how is your experience so far.

Let's see if it blows up in our face... ;)

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Public Notes:

• It is your responsibility to make sure you are running the latest version of the bot
• If not anything better, I will do my best to not introduce any changes during market hours
• I will do my best to not introduce any changes after 11:59 PM ET

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