Regarding May18: It is just a normal day in the strategy. As I see Jan 24 is more problematic: 76k down Try to click the "Log returns" switch and you will see the actual PnL numbers. I made some further experiments by adding SL as a function of credit received: - 2x Credit: https://portal.deltaray.io/backtests/b254e7c8-5299-43c5-ab8e-d3825acb8f55 - 3x Credit: https://portal.deltaray.io/backtests/e8704a43-2b1e-48f1-9509-345488a2c49e As these results are also disappointing I made a final try with an Iron Condor, entered similarly. Wings are 25 points wide, shorts being at 5 delta. SL is Credit received on put side * 3. The run: https://portal.deltaray.io/backtests/7c80b576-0a12-40b2-aa12-48b8e53295e7 This looks much better: - CAGR: 40% - Max DD: -19.82 % I'm afraid trading this needs automation or you need to sit continously on front of the computer. @elite1974: Did you managed to automate similar strategies?
I subscribed a year ago when they had only one plan, which is now the premium one. I think the above tests can be re-run in all the plans. Their premium contains VIX and RUT and something else which isn't used in the above tests.
I see. I'm also in front, but unfortunately I can't (yet) dedicated my full time to trading. Did you try to enter less times a day, (like 3), trading similar 0DTE strategies?
I currently just enter straddles at my discretion, when I think it is a sideways day. (mostly selling strangles) I was just wondering what would the results be if it was done every day for a long time.
Good luck- I have a book somewhere and 17 traders ALL ended up trading discretionally and doing well.
Not only that but correct me if I am wrong but wouldn't you need more than 1 million dollars in margin to even think about trading this strategy ?
each naked straddle uses approximately 260k of day trading buying power. so 12 straddles is about 3.1M of DTBP DTBP is 4x, so need ~780k of margin.