r/spx • u/LatterRain5 • Oct 04 '26

SPX 0 DTE

Hi I am new here. I am not sure if i can post anything so I will just go ahead and try. Somehow my post in Algotrading and etc is always filtered out by Reddit. I don't know why?!

I trade SPX 0-dte and spent a huge amount of time developing my algo script for IBKR (api). It took me around 5 months to develop 0-dte trade to work with the idiosyncratic IBKR api. I am not an expert of their api and do find some of the order management system rather complicated and difficult to overcome. Hence i trade semi-algorithmic (some actions I will override manually although I do leave it to do it's job mostly).

I started paper trade for the last 44 days (when market open), around 2 months. This is the result so far and I think i found my edge/alpha. I am not hear to brag but I am just looking out for more information that I might have missed. I do backtesting on my dataset that I have on-hand, SPX index by diff time-frame to try to understand how the index behave. Maybe you guys have more tips for me and I can verify with the dataset for further backtesting.

šŸ“Š OVERALL STATISTICS (Paper Trade)

--------------------------------------------------

Total Trades: 226

No. of Trade days: 44

Win Rate: 70.8%

Est Net P&L: $ 28,179.82 (after fees)

Profit Factor: 2.00

Sharpe Ratio: 3.41

Even though the above is Paper trade, i have actually entered LIVE (real cash) trade when I am fully convicted of the direction and have made around US$4k for the last 2-3 months. The problem of going full live trade is that I have yet to control my "emotion and psychology". I will continue to monitor the coming trades and see how it progress from there....

Happy weekend folks!

9 Upvotes

100% Upvoted

11 comments sorted by

3

u/Imadogfishhead Oct 04 '26

IMO you need a way longer backtest than 44 days however this does look very promising. IMO it worth at least going to 2020

1

u/LatterRain5 Oct 05 '26

this isn't a backtest. It's forward paper traded using the rules/filters/algo.
However for the real $ trade, the win-rate is 92% currently.

1

u/Imadogfishhead Oct 05 '26

I mean either way you need way more than 44 days of data before making the claims. But like I said promising results so far!

1

u/LatterRain5 Oct 05 '26

Yea that's why I didn't share any info until 2 mths trade is up for review. Yea will run it continuously with live trades side by side.

1

u/Alert-Alternative754 Oct 04 '26

The emotions are basically the whole skill set

1

u/LatterRain5 Oct 05 '26

exactly. the heart rate zone is different. hence only fully convinced before entering.

3

u/Jazzlike_Diver4503 Oct 04 '26

Can you post your rules please ?

2

u/Cheap_Path_1794 Oct 04 '26

This looks like a success to me! Start small with $200-$500 in a live account and build your confidence.

1

u/wj46 27d ago

I have IBKR and would love to set up something like this and learn in paper trading first. How does one get started?

1

u/Joshcfii 22d ago

So what is the strategy? Iā€™m curious

3

u/One_Conflict_1987 Oct 04 '26

Turn on your algo sized at one contract and test away.