Day Trading Options Bot For Weekly Income! Iron Fly Options Trading! Option Alpha Automated Trading

Here I convert my successful directional iron fly bot into a day-trading money maker!

Here's a link to join Option Alpha:

Subscribe to Trading 5 Talents to learn how I use options trading, specifically option selling strategies to boost my monthly budget.

LINKS

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WHAT IS THE IRON FLY STRATEGY?
The Iron Fly Options Trading Strategy is an options selling strategy that can generate consistent, weekly income. It does so by opening a 10-strike wide iron fly (iron butterfly) spread on SPY every trading day for a large credit of approximately $600. It benefits from theta, or time decay, and the trader exit when a specific profit target is reached. To learn more about this options selling strategy and how I automate the passive income generator, check out the videos below.

OPTIONS BASICS!

NEW TO THE IRON FLY STRATEGY?

FREE TRADE LOG FOR OPTIONS TRADERS
* Click on "File" then "Make a copy"

DISCLAIMER
I am not a financial advisor and this is not financial advice. This content is only for educational and entertainment purposes only. Any trades you see here are either past trades I’ve made or an example trade. Please don’t follow any trades you may find in these videos.

#options #makemoneyonline2023 #ironfly #automatedtrading #optionstrading #optionalpha #passiveincome #optionselling #Stocks #StockMarket

[tradingtalents]

Subscribe to follow my October challenge which features a variation of this bot!

[reidpinchback]

As a suggestion, I think you want to draw your EMAs differently in order to understand what the bot is doing at each opening of a trade. What you show here connects straight line segments between each day... but in the day you open a trade, you have no way to know before closing what the next value of each EMA will be. The visual that would exactly reflect the logic of the bot would be if the EMA values were presented as stair steps; at noon when a trade is opened you only know what the EMA values were as of yesterday's close. The reason I suggest this is that what you have here is effectively a repainting of the indicators, so you could see the implication in the chart sometime after opening of a strategy change between short, long, neutral that in reality would never have taken place.

The point in the video where you talk about it being just under the 5 EMA proves my point. In reality it was way far under the 5 EMA value that it was using at the time.

[ZATCER]

These look like 1 minute charts? Are the EMA’s and bot settings based on this as well or is it just to show detail? Thx

[yekhtiari]

What if intraday ema also be used as an extra check for daily version?

[sinisterwolf]

Can you tell me how I can take some of my profits and reduce the bots liquid capital? Right now I have a bot that has access to more capital than I want it to due to having won trades. I want to take some of those winnings from the bot but I don't want to delete it and run a clone of it because I lose those stats.

[johannesfeil]

Hi, sadly that you stop this Chanel. I trade with options since 7 years and futures since 6 years. Let's get in touch.