Pure Golden Cross
11 min
Pure Golden Cross
Risk Profile: Aggressive or Speculative Trade Strategy: Market Bottoming
The Golden Cross is a classic trading signal used to trade market bottoms. The key component of the strategy is when the 50-day moving average crosses above the 200-day moving average. It is a popular technical indicator in stock trading, mainly used to invest in markets that have been in a bear market but are showing signs of bottoming.
The Golden Cross is a classic trading signal used to trade market bottoms. The key component of the strategy is when the 50-day moving average crosses above the 200-day moving average. It is a popular technical indicator in stock trading, mainly used to invest in markets that have been in a bear market but are showing signs of bottoming.
Pure Golden Cross
Options Strategies/Bot Group: Pure Golden Cross
Options Strategies/Bot Group: Sideways Market with Upside Momentum
Bots
Pure Golden Cross
bottrading
Navigate to "Bot Trading" or click on "Search Bots" from the drop-down menu.
Bots
In this case, we have two bots under the “Pure Golden Cross” bot strategy:
Pure Golden Cross
Bot Workflow
Pure Golden Cross
Bot Rules: Trading Strategies
- Time
- Create a schedule for the bot to run daily, weekly, or monthly.
- Equity:
- Pure Golden Cross
- Golden Cross (MA50 crosses MA200)
- Price Above 200 MA
- Price > $10
- Decision (Scripts):
- Added additional Real-time or historical market or technical indicators as needed to optimize the performance or minimize losses.
- Open Position:
- Example: Execute a Sell Put Spread or Bull Put Spread:
- Set DELTA at 40/20 (mid-price bid price).
- Set Open Interest or Implied Volatility configurations as per your needs.
- Close Order (OCO):
- Close the position if:
- Profit exceeds 75%.
- Loss exceeds 50%.
- Within 2 days before the expiry.