About this template
This bot is designed to take advantage of short term trends using a 14 day credit spread.
It is built as one scanner and no monitors. It uses exit options to manage the trade.
Step one evaluates the very short term market trend based on VXX price and decides bullish or bearish.
Step two checks to see if the directional leg is on (for situations where I only want one direction trades).
Step three is the symbol in a trend based on stacked EMAs and recent price.
Step four looks at the opportunity filters of Rate of Return, Chance of Profit and B/A spread.
If all that passes it opens a near the money credit spread that is 35 delta wide and manages trade for 50% profit, 50% Stop and 20%/10% trail. It has a flag set to avoid positions that expire after earnings.
I have three versions with 9 tickers each running and it as a 40W/11L records. All three versions are nicely profitable on paper. Taking it live on Thursday after Powell.