jpb Veteran   Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI  User Profile | For ATM Smart Calls I'm using it out of the box. With AutoTrade, I'm using the Method (ATM Smart Calls). Looking in that method, it is using a 1% allocation based on % of Equity. My specific account that I'm letting it trade live against is small -- around $5,500. That means it is only going to select options with a max price of about 55 cents. I do have 2x leverage on this account and permit Auto Trade to use 195 of 200 max. That does mean my price may go to almost $1.10. As ATM Smart Calls proves itself, I'll add funds to the account to allow it to trade higher priced calls. In my testing, using my standard $10,000 account size with 2X leverage, it looked like trades were typically being taken with a price between $0.50 and $1.75. I didn't look too closely at this since I just wanted to make sure it wasn't trying to chase a $10.00 option. If I saw that, I'd have added some limits (in the search function) to the trade plan and activated the option search functionality. But since it looked to behave well without any of those settings, I decided to leave them alone for now. | |
