Help Code Strategy Code SPX ODE profitable System

[Takata]

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30 MIN ORB on SPX
Entry is 30 in ORB that is a pulse Bars.
Pattern Set-ups between 9:30-11:30 EST.

The Pattern Setup - Pulse Bars​

• This is a 1 bar price pattern setup and is 100% mechanical.
• Looking for a bar that closes AT or NEAR the high/low of the 30-min bar.
  • Typically a close in the top/bottom 10% of the bars high/low range.
  • 

Uses a $5 wide credit spread to profit by the end of the day (0-DTE)

Bullish Setup​

• Entry on the break of setup bar high
  • Use an at the money put credit spread

• Planned exits
  • Stop loss - the risk of the option spread
    • At expiration (end of day)
  • Target choice 1 - >80% of max profit (credit received)
  • Target choice 2 - 1.5-2 x ATR of stocks price (approximately)
    • This assumes there is a directional move.

Exit at >80% max profit or expiration at end of day


This image is for SPX and illustrates the theoretical performance of the charting setup used for the SPX Income System.

1:1 r:r is used to emulate what we do with options and uses zero discretion.

The data used is 10 years of SPX 30-min charts. From Jan 2013 to Jan 2024