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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Thanks @datahogg very interesting. There's a guy (Dave!) on Twitter @ DTRTrading, who has a blog dtr-trading.blogspot.com that has a lot of very similair iron condor analysis. I've read some of it but not all of it.
Hello Ron99
I am trying to use the excel sheet that you put in the forum but it does not work correctly. I have Windows 10 and Office 2013 64 bits. When I open the sheet it gives me an error in a macro that I have been able to solve by myself. It consists of adding the PtrSafe attribute to the Declare instruction of the macro code. But then when trying to compile it gives me the error and says that the variable pDatel has not been defined.
I have to say that I have no idea of computer science. I hope you can help me. Or maybe Dudetooth have a greater knowledge of the subject.
Very good information. The 50% closing value agrees with the value chosen on this thread. And the longer DTE
relates to some degree with the methods here.
I have read the whole thread. Incredible amount of information. Many thanks to the contributers.
One Question: i cant find the adjustment-plan or the exit-plan if the market comes (slowly) down after initating the back-ratio. Either i overlooked the topic/posting or my english-language abilitys ar not good enough.
I think Ron mentioned somewhere on the thread that the spread does not work very well when there is a slow decline over several weeks.
The exit strategy then depends on your parameters. E.g. how much percentage of loss you are willing to take.
Without putting anything in anyone's mouth:
I think Ron tends to get out once his 4xIM is used up.
It probably would also make sense to look at the market situation and decide to get out if an ongoing decline looks probable.
IMO:as a discretionary trader it makes sense not to adhere to adamant on a trading system when the system is not best suited for a specific situation.
Just curious, why would the spread not work well in a slow decline, compared to a sharp and fast drop? Is a slow drop worse for this strategy than a sharp/fast correction?
