About this template
Version 1.0
I created this Universal Credit Spread BOT to open and manage a Credit Spread (PUT / CALL) or an Iron Condor base on favorable conditions.
Given a list of Symbols, it will open positions when Bullish or Bearish or Neutral conditions are met.
Manages the positions to ensure we capture profit or exit when adverse conditions are met.
For each type of the position that is opened:
Profit Exit:
- 50% of Credit is achieved
- When the expiration is close by, (2 days), and the price is away from the breakeven point, takes profit based on a 10% Trailing Stop loss to an expected 50% Max profit.
Loss Exit:
- When either breakeven point is breached, and the price is past the Long legs.
- When the expiration date is 1 day away, and Delta is above 45
- When VIX jumps up drastically
