Improving the Wheel Strategy

The well known Wheel Strategy has some serious flaws in some market conditions.
I'm planning to fix these flaws.
Anybody else already done so, or knows links to such a work, or can give info from own experiences?

Btw. Happy New Year or so, since today is 12/31, the last day of the year...
I think JP, NZ, Aussie are already in the new year

Code:

UnixTime                          : 1704037808
LocalTime                         : Sun Dec 31 16:50:08 CET 2023

US Los Angeles                    : Sun Dec 31 07:50:08 PST 2023
US New York                       : Sun Dec 31 10:50:08 EST 2023
UK London / UTC / GMT             : Sun Dec 31 15:50:08 UTC 2023
DE Berlin                         : Sun Dec 31 16:50:08 CET 2023
RU Moscow / TR Ankara             : Sun Dec 31 18:50:08 MSK 2023
IN Mumbai (Bombay), New Delhi     : Sun Dec 31 21:20:08 IST 2023
CN Peking, Hong Kong, Shanghai    : Sun Dec 31 23:50:08 CST 2023
JP Tokyo                          : Mon Jan  1 00:50:08 JST 2024
AU Sydney, Canberra, Melbourne    : Mon Jan  1 02:50:08 AEDT 2024
NZ Auckland                       : Mon Jan  1 04:50:08 NZDT 2024

https://optionstradingiq.com/the-wheel-strategy/#Seventh_Point_Header

 

Quanto,

You have unblocked me. I hope this was a mistake.

 

Nope! New Year, New Chance...

 

https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/

https://wheeloptionstraders.com/wheel-strategy-tool/

 

DAMNIT!

 

LOL!!!!!!!!!!!!!!!

And i thought I was special

 

Think he realized it was tweedle dee (xwytrader) and tweedle dumb (himself) talking in their own echo chamber

 

Anything is an improvement. Add a conversion + farmland - Kardashians.

 

"t - 2h13m" for Moscow, St.Petersburg Sochi, Ankara, Istanbul
"t - 4h13m" for Berlin, Paris, Rome
"t - 5h13m" for London
"t - 10h13m" for New York
"t - 13h13m" for Los Angeles

Code:

UnixTime                                 : 1704048427
LocalTime                                : Sun Dec 31 19:47:07 CET 2023

US Los Angeles                           : Sun Dec 31 10:47:07 PST 2023
US New York                              : Sun Dec 31 13:47:07 EST 2023
UK London / UTC / GMT / Zulu             : Sun Dec 31 18:47:07 UTC 2023
EU Berlin, Paris, Rome                   : Sun Dec 31 19:47:07 CET 2023
RU Moscow, St. Petersburg, Sochi         : Sun Dec 31 21:47:07 MSK 2023
TR Ankara, Istanbul                      : Sun Dec 31 21:47:07 +03 2023
IN New Delhi, Mumbai (Bombay)            : Mon Jan  1 00:17:07 IST 2024
CN Peking (Beijing), Hong Kong, Shanghai : Mon Jan  1 02:47:07 CST 2024
JP Tokyo                                 : Mon Jan  1 03:47:07 JST 2024
AU Canberra, Sydney, Melbourne           : Mon Jan  1 05:47:07 AEDT 2024
NZ Wellington, Auckland                  : Mon Jan  1 07:47:07 NZDT 2024

 

Another backtest one...