I used this strategy a few years back with some success. I am looking at it again, and was curious how you are going about entering in your orders. Is their a generic spreadsheet someone could offer so I could check it out further? I am having a hard time figuring out how to incorporate the futures into where my limit prices should be, etc.. (I wasnt sure if such a spreadsheet is widely available or not, hence my asking..) Thanks for any help you might have.
the spreadsheet you speak of is the "holy grail" of the o/o crowd...kinda like charelton heston..."from my cold dead hand" ... nothing personal but a tool that fits its owner only...
(sorry, I just noticed this post). If SPOT SPX closed at 1332.83..add FV of 1.42 = 1334.25. Emini's at 1332. Difference is 2.25 2.25 divided by spot of 1332.83 = .0017 % down expected opening. Calculate envelope from there. Don
not trying to be harsh, but if you can not build out your sheet (meaning you understand your objectives AND what you are doing) THEN what are you going to do when you have 3 monster losing days in a row? stop? if you dont understand what your sheet is doing, as a starting point YOU already have lost and your time trading this approach is numbered, IMO.
Being computer savvy (developing spreadsheet linked to an order routing system) and a decent trader that understands concepts are entirely 2 different things. I am not that well versed in programming, etc. Anyway, I wasnt looking to freeload, just perhaps wanted to some insight or a basic template that I could have a programmer mess with. (the old excel spreadsheet I had awhile back had been deleted.) But I now understand that these are more close guarded than I thought. Didnt mean to come across like a mooch, and apologize if I did.
not so much programming but concepts...i can not program...but i do have concepts...kind of like...if this then that...once you know what you want to do you will be able to figure it out...
my point was not going after you because I thought you were a "mooch". far from it. i am sure there are 100s of excel sheets floating out there shared by many. believing and understanding YOUR trading is a MUST and knowing HOW to adapt and adust your strategy (like OOs) for when the marketplace changes (for this strategy as it does and will overnight) will keep you in the game. I am an absolutely pathetic with programming, and excel building BUT I have put in the time over the years with excel and hired out a programmer JUST to put me in the game especially for this strategy. IMO, that is what it takes... hence IF unable/unwanting to simply start from skratch and do the work, IMO the days are numbered for any trader executing this overall strategy.