created : 2 months ago| | live deployment: 0
created : 2 months ago | live deployment: 0
ALGO BOT - Gold Options Buying (GLD ETF) - JDTA3
by: Jabeen Shaik
Strategy description
Strategy Overview: Option Momentum Buying
This is a comprehensive, multi-conditional options buying strategy designed to capture strong directional momentum and reversals in GLD. It uses multiple independent sub-strategies that rely on volume spikes, Average True Range (ATR), and a momentum filter.
The strategy triggers an options buy signal only when strict technical conditions are met:
- GLD Trend Tracking
- Conditions: ADX capture/trend criteria with the Relative Strength Index (RSI) holding above 35.
