About this template
This is the first bot I've successfully tweaked to run profitably without incurring significant intraday losses. It's essentially a copy of TBDT's SCALP GWH bot ("Designed to take trades at the open based on a variety of conditions in the MACD and Stochastic Oscillators" per the author), with Andre's v3 scanner update replacing the original scanner automation.
I've added a tight 25% stop loss condition to the closing monitor, which exits positions that have declined by 25% or more since the market open, regardless of when the position was opened. This fixed the major issue I had with the original SCALP GWH, where it would hold onto losers for at least a day, potentially leading to major losses while eliminating opportunities to recover -- the original version of this bot continued to hold bad positions and tie up its capital far longer than I felt was sensible for this strategy.
This bot WILL get you flagged PDT if you don't have enough capital in your account, but I attribute much of its success to its rapid action, so I wouldn't recommend this bot to anyone who needs to hold positions overnight or might otherwise be concerned with fees eating away at their gains.
I've run this bot on many tickers, and it's done well with many of them. Open to any ideas for improvements, but this bot's overall performance has been excellent in relatively limited testing, including in my live portfolio running $10,000 each (10 tickers each, 2 bots with different ticker lists).
