Automated 1DTE Iron Butterfly w/ Backtesting Data + 0DTE Debit Spread Bot

[@rvadataguy4459]

Thank you Jack very much. It's been years getting to this point.

[@scottmichael4333]

Hi Jack, I've really been enjoying this series. One of my favorite parts of Option Alpha is the ability to test different ideas, possibly make adjustments or scrap the whole thing long before ever risking a penny. Your Daddy Long Legs strategy is really creative and I'm looking forward to see how it plays out. Its tough to make money trading every day I feel, testing ways to make more on our good days then we lose on our bad ones is the way to go!! I will keep an eye out in the forums for the bot postings, thanks for letting us creep in on your trading journey :)

[@OptionAlpha]

Thanks Scott! I just shared both bots in the OA community. Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

[@Twocoinscompany]

These videos are fantastic - very appreciated!

[@ShortStuff0000]

Can this look at indicator values? For instance can you have it sell a put at 'X' delta when the 4hr hour stochastic is oversold and the price is above the 200EMA (just an example).

[@johngutierrez2687]

Can you post a link to the Tim sosniff video?

[@StephenG-gj9kb]

I have been searching for it... But no luck so far

[@iloveeat3000]

Could the bot link to IB platform?

[@FUNNYMANERICWHITE]

Thank you 🎉

[@billmietelski]

Jack, just a suggestion: post the bots in the community first, then post the video. :)

[@OptionAlpha]

Great suggestion. I’ll write up the post up in advance next time. These will be posted first thing tomorrow morning. Have a great weekend!

[@billmietelski]

@@OptionAlpha Thanks, Jack!. Yeah, I know the market isn't open until Tuesday, but I'd still like to see the bot. Appreciate you! :)

[@OptionAlpha]

Hi Bill, both bots were shared in the community this morning. Appreciate the nudge! Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

[@gauravhombali]

Hi Jack ! is there a way to add % premium decreased at those timestamps as well?

[@eric47allen]

great stuff!

[@ajaygodara3609]

Hi Jack can we think of 0DTE Ernie BF where we make 1/10 reward risk ! Establish bais based on tech analysis and we just need movement towards BF. We don't need to pin. Exit based on volume distribution (exit where max trading volume happen) o maximize profit. I don't know how to make this bot. Testing your piggie not!

[@billmietelski]

I would do a search on Ernie Varitimos. There's a trail of lawsuits, bankruptcies, etc. Court records are public info. I'm sure there are two sides to every story, but do your own due diligence. Just sayin'. :)

[@ajaygodara3609]

@@billmietelski thanks for sharing this. Didn't know. His model of working is pay 10K!!

[@billmietelski]

@@ajaygodara3609 Again, do you own due diligence. There are always two (or more) sides to every story, so Ernie might be the real deal. However, I know a successful trader who mentored with Ernie. Said Ernie was a nice guy, but he couldn't make any money trying it Ernie's way. My friend finally came up with his own method, and is now profitable. I'm not saying Ernie is a scam. Never me the man; never tried it his way. But the red flags out there. Just sayin'. Be careful.

[@Mr2Paws]

Jack, great strategy. Thank you. Could you please share the bot in the community and provide its direct link here?

[@OptionAlpha]

Both bots were shared in the community this morning. Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

[@Brix-Boa]

Thanks Jack, love the tee-shirt, Jesus "is" the Way! ... I've been with OA Bots since the beginning, your vids and the OA Bots are always great learning experiences... Peace, RICK 👍✝

[@RudolfBourgoin-z4f]

Holly Branch

[@yinghuang9559]

I just aware a interesting thing about some trading bot from the community, for some reason, those profitable bots are only seeking opportunities from industry ETF such XLU, XLP, EFA or so. In general, these indices are not a good one for options trading, most of them are really low volume or open interest which means opportunities that bots found, could be either not able to open since leak of seller or difficult to close due to no buyer. if a bot is not profitable on paper account, then surely it is no way be profitable in really account. if you found a profitable bot, then congratulations, you find yourself a monopoly game.

[@PearleSly-j3p]

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