TICK Scalping strategy, SPY 1 min by PtGambler
By PtGambler
Performance Metrics
- Author: PtGambler
- Symbol: AMEX:SPY
- Timeframe: 1 minute
- Net P&L: +6,128.50 USD (+122.57%)
- Win Rate: 54.5%
- Profit Factor: 1.505
- Max Drawdown: 2,072.88 USD (24.55%)
- Total Trades: 112
- Sharpe Ratio: 0.296
Description
Apr 4, 20221 min chart scalping version of my other TICK strategy with adjusted parameters and additional entry and exit conditions better suited for 1 min SPY chart. Please refer to my original TICK strategy for explanation.https://www.tradingview.com/script/5NpphIlt-TICK-strategy-for-SPY-options/Important notes:1. This strategy is designed for same day SPY option scalping on the 1 min chart. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. Pyramiding is set to 3.2. This strategy works better with non-extended market data.3. This strategy is mainly developed for SPY trading on 1 min chart, it probably will not be very profitable with other tickers or time frame without tweaking all the parameters first.Cheers and enjoy~! Let's all make money~!!Apr 5, 2022Release NotesUpdated strategy description for clarification:Initial capital: $5000Pyramiding: 3Commission: *set to approximate for 10 option contractsBack testing range: Feb 22 - Apr 4, 2022How it works:When trading the indices, many rely on the TICK for market directions. This strategy is a trend following strategy that uses a combination of conditions using the following indicators:- TICK- RSI- VIX volatility index- EMAFor entries, the conditions are:1. TICK moving average crossover with a delayed signal line2. Bullish or bearish RSI signal, RSI > 50 for bullish , default to ON- % ATR for price target -> changed from 23 to 17.5- RSI signal length -> changed from 5 to 6- RSI moving average line -> changed form SMA to WMA method- Removed pause trade on significant price movementBack testing results comparison between previous version vs new version, from Apr 18 to May 27, 2022:- Net profit -> 56.45% to 122.57%- Total trades -> 83 to 112- % Profitable -> 56.63% to 54.46%- Profit Factor -> 1.299 to 1.505- Max drawdown -> 34.76% to 24.55%Overall profitability should have improved~ DM me if you would like access to old version source code.Let's all make $$$~~!!!Oct 22, 2022Release NotesAdded option to use as an indicator only (all strategy entry/exit signals disabled)