Automated Options Trading #11: Hexabot Review of Closed Position Tags
Option Alpha Option Alpha
278K subscribers
1,269 views
0

 Published On Nov 1, 2023

https://optionalpha.com - Last week, I stopped running all of my Hexabots as I prepared to turn my EV portfolio experiment live. But thanks to a great suggestion from someone in the community, I decided to review the prior tags on closed positions to analyze what worked and what didn't. Specifically, we'll look at how positions worked in the six (Hex) different "trends" the bot was set up to identify. As a reminder, the major market environments with their requirements are as follows:

1) Strong uptrend = Ticker is above 200-day SMA, above 50-day SMA, and 50-day SMA is above 200-day SMA.
2) Uptrend = Ticker is above 200-day SMA, above 50-day SMA, and 50-day SMA is below 200-day SMA.
3) Weak uptrend = Ticker is above 200-day SMA but below 50-day SMA.
4) Strong downtrend = Ticker is below 200-day SMA, below 50-day SMA, and 50-day SMA is below 200-day SMA.
5) Downtrend = Ticker is below 200-day SMA, below 50-day SMA, and 50-day SMA is above 200-day SMA.
6) Weak downtrend = Ticker is below 200-day SMA but above 50-day SMA.

Here's a link to the original Hexabot template: https://app.optionalpha.com/community...

To learn more about analyzing your trades, click here: https://optionalpha.com/blog/visually...

show more

Share/Embed