BIDU IRON CONDOR with high Probality of Profit

2021년 2월 28일

Hi everybody!

After a very big break - MrAnonymCrypto back on board!
The past year I'm spent for learning and developing my new trading system and indicator pack and full trading strategy system for option trading of the us stock market. I'm tired to waiting for any bitcoin daytrades and unregulated price moves: those instruments eated my life and time. 

Ever since I’ve only been dealing with the stock market for up to an hour a day: my life has changed - in a positive direction.<3

Today I'm releasing the first live tradig publication of my indicator: the Iron Condor Hunter. // If you are new in the option's world I'm recommending to learn options first via tastytrade youtube videos  //


More about my Iron Condor Hunter script in advance: 

• This script is for neutral credit strategy trades.
• This script indicates the secure Iron Condor setups automatically on any liquid+volatile instrument, based and calculated with auto Murrey Math level script and current price actions, and IVR. (MurreyMath is my other script, telling more later)
• If the script indicates new potential setup: you can see a blue background with the levels of the Iron Condor wings, automatically!
• You can check the success rate of the script for the past with same setup
• I've designed this indicator for 45-60 days expirations, (because you can exit automatically at 50% profit in 30 days, if the instrument stays inside your original range!)

And now, let's look an today live example: BIDU

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 REASONS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


[u](1) Backtesting the indicator[/u]

17 Iron Condor detected in the past 10 years,  with 100% succes rate, with exact range detection at the beginning.
Today I'm catched another signal, so I'm grabbing the opportunity!




[u](2) The trading range & IVR
[/u]
Today Iron Condor Hunter script detected the 372-221 range for safe-play this setup.

Because the most volatile expriation is the April 16th in the 45-60day range: I'm playing this for credit.

The (tastytrade) IVR is high (above 80) -  this is very high Implied Volatility Rank - safe for credit play, the instument is liquid. 


Good Defined Strikes:

• Sell 1 BIDU Apr16' 220 put
• Buy 1 BIDU Apr16' 210 put
  
  
• Sell 1 BIDU Apr16' 370 call
• Buy1 BIDU Apr16' 380 put

[u](3) Divergence on my oscillator[/u]

As you can see: the very obvious divergence is detected at the overbought levels.
This and the formation meaning for me: some correction started.
No kind of event (divident) coming in the next 60 days, so I'm not expecting more significant price movement.



[u](4) Define safe zones

[/u]At Iron condor setups I'm always define some "safe-zone" : for upside and downside too.

Safe zones meaning for me: I can sleep peacefully until the price is moving between these edges.
BUT! If the safe zone beaks: my eyes on the final strikes.

Another seat beld is the 0.618 fib-retrace level, because if the price is falling straight down: at this level we are expecting some resistance. But in current case: the fib 0.618 level is inside our range.



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SUMMARY - MY TRADE SETUP
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

• Max profit:  $288
• Max loss:  $712
• IVR:  87
• Probability of Profit:  68%
• Expiry:  50 days
• Strategy: 67.7% wide delta neutral Iron Condor for credit

[u]Risk management[/u]: I'm closing the trade immediately  - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case.

[u]Profit management:[/u] I'm sending an order  at the 50% of max  profit, immediately after my position  successfully opened 


Welcome any comments:
 * whether about the options, my indicators in the future.
 * in private, I will be happy to help you with any questions about the option for free.
 * are you interesting in options, or only "when bitcoin moon"?

2021년 3월 17일

거래청산: 타겟 닿음

Closed in profit 3 weeks later for 1.44 debit .... Hurray

144$ profit, 120% on my capital in 3 weeks, not bad ;)