About this template
Been a while since I've shared a bot, and I've got a new one that is extremely simplistic and appears to be doing well. So, let's get down to the details:
OVERVIEW
Uses the new trade ideas to open bots. Meant to be run as a collection. I currently have 5 of these bots running live and in test. I've allocated 10K to each bot, but with a 3% available capital, each positions max risk is $300. Between all 5 it's running across all the ETF's available in the trade ideas section. Average position appears to be open about 5 days.
SCANNER
- Only opens 1 position in a ticker at a time
- 60% POP
- 50% PMP
- 40% PML
- 115% Risk Reward Ratio
- .04 slippage from midpoint allowed
- Runs with 8% Available Capital
MONITOR
- No monitor
- 40% profit taking
- Expiration close 1 day before expiration with a .04 slippage from midpoint allowance
TEST RESULTS
Test is showing the following and has been running from July 3rd - Aug 18th:
Total risk was $4,678 and profit so far $1881.
LIVE RESULTS
Live has been running for Aug 14th - Aug 18th with same tickers as the above. Total risk is $2,176 and profit is $709.
NOTES
Be sure and modify for your risk tolerance level and allocations. Would recommend copying the bot and scanning across all ETF tickers.
