---
title: Three White Soldiers
slug: three-white-soldiers
createdAt: 2024-06-09T19:14:11.691Z
---

# Three White Soldiers



***

- **Risk Profile**: Aggressive, Speculative & Income
- **Trade Strategy**: Market lower by 50% from 52-week high with prices bottoming

***

This strategy is driven by a market that has sold off by at least 50% from its 52-week high, long-term trend looks lower, but the shorter- term outlook is improving as the price is now above the 26-day MA and the Three White Soldiers pattern has emerged—which is Japanese Candlestick bottoming pattern that appears after a sharp downtrend

***

![Three White Soldiers](https://lh7-us.googleusercontent.com/docsz/AD_4nXc3mQNXlENoQ7W6_6XviODr20dH-9SZuTZ-55CO7EsarKXW3KJaaPPJr-93CJ08xAPzV9R72dq9YXeZclfF-RbLePndhcm0ArBMhWHBoqubKE35sHNACWoAWpr1LpRBPpjnRIoO8cezt3Pt4d5R2jyeauRl3igbVCWcYU33ce49GA9XAIkrf5w?key=iMigghbYPUp5SQ4VTjBnRQ "Three White Soldiers")

***

## Options Strategies/Bot Group: Three White Soldiers

***

![Three White Soldiers](https://lh7-us.googleusercontent.com/docsz/AD_4nXe-1pcDtCrdSVx8UK135O77H03YLpT2R0ZMfilMQ8YnsBwHNyTDrxVmxRJF6DasByceMLRa4NhNvSS-HeyQtd-YDiMYf7qohK855_BA6QlL-Zvm5V3iULMeRo0O2cWCcsddGfiSe00hgpU182j8OHH6MAFYAgtpuLHXQ0CtqePJZ6M2wlAvwBw?key=iMigghbYPUp5SQ4VTjBnRQ "Three White Soldiers")

***



![bottrading](https://api.archbee.com/api/optimize/t8kDfoa1USMGNZzQ2ltKT/BSb7dDZSt_p_m-L4pXyLM_screenshot-2024-06-09-at-14439-pm.png "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 “Three White Soldiers” bot strategy: 

1. **Three White Soldiers - Long Call 50/30/10 Butterfly - [link](https://www.optioncircle.com/bot/3WhiteSold-Buttfly)**
2. **Three White Soldiers – Leaps - [link](https://www.optioncircle.com/bot/3whiteSoldier-leap)**

***

![Three White Soldiers](https://lh7-us.googleusercontent.com/docsz/AD_4nXeMOfT81jq-qi4oCl5xohHSqWi1jkxiGZvexIRifZ1a5ijPYF-TuFxqhnfIZPG3SjUQf8FKU7nkkM28LLnXdNXMJpyELGSblbBRjvX8ezUmnSmHIr1QLF_7UvKVVXEfC_NehP5lCXjcoqd_UMLFJF09tNL4mKRXheJ4x8P22G4mxBG_IVsFgw?key=iMigghbYPUp5SQ4VTjBnRQ "Three White Soldiers")

***

### Bot Workflow

![Three White Soldiers](https://lh7-us.googleusercontent.com/docsz/AD_4nXcacORsKh_o-olgEfyPV-qj4fjJcye7mhjoW0JnmRgkXWGeASVO9meGoAs4_1CAvMXxU6eHQLccWJQcdF1sged_jVUir5wJDrilCZaeLw4Q-bOm5WszeblK6NEmPdrbP3qzVQzkH75gBl02JTFlrJG-7nGzk9PpZJBIy9akU1rM2vV_qqVxXg?key=iMigghbYPUp5SQ4VTjBnRQ "Three White Soldiers")

***

### Bot Rules: Trading Strategies

- **Time:**
  - Create a schedule for the bot to run daily, weekly, or monthly.
- **Equity:**
  - Pre-screen technical preferences and import them directly into the bots.
  - Consider the following criteria:
    - **Three White Soldier**
    - **Price below 200 MA**
    - **Price Above 26MA**
    - **Price > $10**
    - **Price 50% Below 52 Week High** 
- **Decision (Technical Indicator):**
  - Added additional Real-time or historical market or technical indicators as needed to optimize the performance or minimize losses.
- **Open Position:**
  - Example: Execute a Put Spread, Butterfly & Leaps
    - Set DELTA at 40/20 (mid-price bid price).
    - Ensure open interest is greater than 50.
- **Close Order (OCO):**
  - Close the position if:
    - Profit exceeds 75%.
    - Loss exceeds 50%.
    - Within 2 days before the expiry.

***