Login

u/BigBear92787

▲ 5 r/optionstrading

Protective puts/calls and intraday

Hi all

Im not a new trader.

I have a solid system that picks lows in trends. Exclusively in futures.

90% of losses come due to short term volatility

Temporary adverse movement which i suspect is true for most.

I love the idea of a protective put/call to pair with my futures.

My problem is im trying to estimate what is a reasonable take profit for my time frame

I buy 10 minute lows on hourly uptrend typically in a trade 2 to 6 hours. And pair with a ATM usually 0 or 1 DTE option. Ive already developed a calculator that projects 50 to 150% profit zones based on the risk of the premium and delta/gamma inputs

Its not 100% accurate because it doesnt include theta and vega but its about 85% accurate and can let me know where to set alerts.

Questions:

Anyone know where I can get accurate historical intraday options info ?

And anyone else intraday trading with options

What risk/ reward profile do you shoot for ?

Especially those of you who are successfully trading calls and puts while day trading what profits do you typically make in comparison with your risk ?

reddit.com
u/BigBear92787 — 3 days ago
▲ 3 r/TradingView

Anyway to see Historical intraday Options prices ?

I am doing some back testing on Entering my long positions with an option hedge rather than a stop.

Is there a way I can accurately see the option prices via replay mode so I can assess risk accurately?

or is there any way I can get intraday historical option prices ?

I can access it via Think or Swim's on Demand but it is mind numbingly slow

reddit.com
u/BigBear92787 — 6 days ago
▲ 1 r/Daytrading

I scale my trades out

I risk a buck.

Set my take profit to make a buck.

When I make fifty cents I cut half my position

Move my stop up by 50 cents.

Boom in at break even with out moving my stop so close it'd be hit.

This has been a game changer.

80% of my trades make it at lest to .5 R

This is a conservative estimate its closer to 90%

This means the vast majority of my losses are break evens

On a win I end up with .75 R

But my losses avg out to be very small my avg return is like 2.5 R

I just asked chat gpt

Lets assume 70% of losses are break evens

What would my win rate have ro be to break even?

About 18%

And youd only need about a 30 % win rate ro average 1:1 and a 45% win rate to avg 2:1

Just food for thought for people who like to follow that delusional concept of letting your winners run.

I know for me when ive let mine run In most cases id have made more of i exited at goal.

reddit.com
u/BigBear92787 — 11 days ago
▲ 237 r/totalwarhammer

I routinely smash armies 2-3 x my size on VH/VH, but man...it is EXHAUSATING.
Stack after stack after stack. I get burnt out and have to walk away.

its actually kinda nice on normal. I have a couple big battles and when I kill them, Computer is actually hurt, they take time to recover. I just got finished with an exhausting Lustria Domination as Itza. I was at war with all 3 human factions, at once, they each had 4 armies to every one of mine.

And I still won, I finally get to the northern coast of Lustria when I find Noctilus declaring war on me, and hes got like 15 fresh stacks and im like uggghhhhhh here we go again.

Now playing Dark Land orcs mod, on Normal, having a blast

reddit.com
u/BigBear92787 — 11 days ago
▲ 1 r/pinescript

//
@version=
6
indicator("MTF MACD", "MTF MACD", overlay = false, precision = 4)


//==================================================
// Inputs
//==================================================
calcTF = input.timeframe("5", "Calculation Timeframe")


sourceInput  = input.source(close, "Source")
fastLenInput = input.int(12, "Fast Length", minval = 1)
slowLenInput = input.int(26, "Slow Length", minval = 1)
sigLenInput  = input.int(9, "Signal Length", minval = 1)


oscTypeInput = input.string("EMA", "Oscillator MA Type", options = ["EMA", "SMA"])
sigTypeInput = input.string("EMA", "Signal MA Type", options = ["EMA", "SMA"])


showHistogram = input.bool(true, "Show Histogram")
showMacdLine  = input.bool(true, "Show MACD Line")
showSignal    = input.bool(true, "Show Signal Line")


//==================================================
// MA Function
//==================================================
f_ma(_source, _length, _maType) =>
    _maType == "EMA" ? ta.ema(_source, _length) : ta.sma(_source, _length)


//==================================================
// MACD Pack
// All MACD calculations happen inside request.security()
//==================================================
f_macdPack(_source, _fastLen, _slowLen, _sigLen, _oscType, _sigType) =>
    maFast = f_ma(_source, _fastLen, _oscType)
    maSlow = f_ma(_source, _slowLen, _oscType)
    macdValue = maFast - maSlow
    signalValue = f_ma(macdValue, _sigLen, _sigType)
    histValue = macdValue - signalValue
    [macdValue, signalValue, histValue]


//==================================================
// MTF Request
//==================================================
[macdMTF, signalMTF, histMTF] = request.security(syminfo.tickerid, calcTF, f_macdPack(sourceInput, fastLenInput, slowLenInput, sigLenInput, oscTypeInput, sigTypeInput), barmerge.gaps_off, barmerge.lookahead_off)


//==================================================
// Colors
//==================================================
histColor =
     histMTF >= 0 ?
         histMTF > histMTF[1] ? #26a69a : #b2dfdb :
         histMTF > histMTF[1] ? #ffcdd2 : #ff5252


//==================================================
// Plots
//==================================================
hline(0, "Zero", color = #787b8680)


plot(showHistogram ? histMTF : na, "MTF Histogram", color = histColor, style = plot.style_columns)
plot(showMacdLine ? macdMTF : na, "MTF MACD", color = color.blue)
plot(showSignal ? signalMTF : na, "MTF Signal Line", color = #ff6d00)


//==================================================
// Alerts
//==================================================
alertcondition(histMTF[1] >= 0 and histMTF < 0, "MTF Rising to Falling", "MTF MACD histogram switched from positive to negative")
alertcondition(histMTF[1] <= 0 and histMTF > 0, "MTF Falling to Rising", "MTF MACD histogram switched from negative to positive")

Why is this idnicator updating intrabar, when it was updating every 20 minutes like it was supposed to.

Im coming from thinkscript, so I dont understand this behavior.

Thoughts?

This is a 20m MACD viewed from 1m perspective. And it was updating every 20 minutes, for a while, but then suddenly this happened. its causing Havoc on my trade conditions because my strategy is reliant on increasing or decreasng HTF momentum

EDIT* This code was produced by AI because my pinescript knowledge is Novice level at best and my thinkscript knowledge is only moderate

Edit 2 * To Further the mystery, at the moment, this only seems to be happening on MGC and not on any other futures contract I trade

u/BigBear92787 — 18 days ago