About this template
==>> will not be continued <<==
A) dont like 10DTE entry where data shows this is sub optimal
B) dont like random ticker selection
C) dont like random 10% profit target. In good times you leave too much on the table to buffer for bad times.
D) never found meaningful place for SL
Somnus Maximus is a very simple bot that lets you sleep well at night.
Scanner: opens IC 10 days out $5 wide in various ETF’s
Monitor: closes position as soon as 10% profit is reached
This strategy originates from OA-caveman times and still has the original untouched built.
IWM might be a ticker you want to replace - I swapped GLD.
If you like a version with more fancy features.
Try this one that makes use of pretty tight EO’s. Mainly using the smart trailing SL to give a bit more room above the 10% PT as well as a fixed SL to earlier cut-off losers.
Or the very latest version based on trade ideas
Besides the occasional “no fill” or stomp with other positions the live results are pretty much identical to the paper.
Happy trading
PS: the original idea of this strategy is a brainchild of Steve G. https://app.optionalpha.com/community/templates/post/-weekly-10-day-ic-in-etfs
