Great video. I tried to recreate on option omega but I don’t see an option to cap losses anymore. Any idea why? Using the worst price of the minute seems overly punitive. Also I’m getting only 293 trades with a gap down
it should be there under the misc category at the end of the back testing software. Make sure the start date is back to 2016 and you have use exact DTE and it is shown for everyday of the week
@@zerodaymark Many Thanks. I’m still not seeing it. As soon as I select per leg stop loss the cap losses disappears for me. I have a question in to Option Omega. I did select Jan 2016. One issue was that it was set to exact strike offset. That helps. I get more trades but still only 607 (vs your 748)
@@neillusby2147 Try to split the orders as leg groups i think that is it because it starts to look at it as 2 trades a put spread and call spread instead of 1 as a condor. Manage the put and call leg separate. Here is the link to my test optionomega.com/share/mqUWlDHiUvJEPtwqS00V
Hi Mark, im slightly confused here, you say you dont trade meic but on your weekly recap vids you focus on that as a strategy entering every 30mins 12x a day unless ive missed something?cheers
I use the strategy on my weekly recap as a comparison of what a mechanical strategy of entering looks like. I like to use it MEIC a baseline similar to comparing myself to the S&P but with an options strategy so I can tell if what I am trading is providing an edge over MEIC
@@zerodaymark ah thanks, so do you just place the AIAO on market open with more contracts rather than smaller contracts spread throughout the day? (Which I would have thought would be more diversified?)
I listened but not sure why you don't like MEIC. I don't understand your comments. Can you please explain in simple terms why MEIC is bad? You say with your method, you can use stops. But couldn't you use stops on MEIC? A bit lost here.
I don't like MEIC because using a 1x stop the cost of managing that trade can get quite large and if you build in some larger slippage assumptions on exit of $0.25 the trade has very little edge and I do not think it is worth the return on the trade
Great video. I tried to recreate on option omega but I don’t see an option to cap losses anymore. Any idea why? Using the worst price of the minute seems overly punitive. Also I’m getting only 293 trades with a gap down
it should be there under the misc category at the end of the back testing software. Make sure the start date is back to 2016 and you have use exact DTE and it is shown for everyday of the week
@@zerodaymark Many Thanks. I’m still not seeing it. As soon as I select per leg stop loss the cap losses disappears for me. I have a question in to Option Omega. I did select Jan 2016. One issue was that it was set to exact strike offset. That helps. I get more trades but still only 607 (vs your 748)
@@neillusby2147 Try to split the orders as leg groups i think that is it because it starts to look at it as 2 trades a put spread and call spread instead of 1 as a condor. Manage the put and call leg separate. Here is the link to my test optionomega.com/share/mqUWlDHiUvJEPtwqS00V
Hi Mark, im slightly confused here, you say you dont trade meic but on your weekly recap vids you focus on that as a strategy entering every 30mins 12x a day unless ive missed something?cheers
I use the strategy on my weekly recap as a comparison of what a mechanical strategy of entering looks like. I like to use it MEIC a baseline similar to comparing myself to the S&P but with an options strategy so I can tell if what I am trading is providing an edge over MEIC
@@zerodaymark ah thanks, so do you just place the AIAO on market open with more contracts rather than smaller contracts spread throughout the day? (Which I would have thought would be more diversified?)
I listened but not sure why you don't like MEIC. I don't understand your comments. Can you please explain in simple terms why MEIC is bad? You say with your method, you can use stops. But couldn't you use stops on MEIC? A bit lost here.
I don't like MEIC because using a 1x stop the cost of managing that trade can get quite large and if you build in some larger slippage assumptions on exit of $0.25 the trade has very little edge and I do not think it is worth the return on the trade