TICK strategy for SPY options

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Important notes:
1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 months of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. Pyramiding is set to 3.
2. This strategy works better with non-extended market data.
3. This strategy is mainly developed for SPY trading on 5 min chart, it probably will not be very profitable with other tickers or time frame without tweaking all the parameters first.
4. This strategy will work with QQQ as well, but please adjust the profit multiplier to match the P/L of QQQ options.

How it works:
When trading the indices, many rely on the TICK for market directions. This strategy is a trend following strategy that uses a combination of conditions using the following indicators:
- VIX volatility index

For entries, the conditions are:
1. TICK moving average crossover with a delayed signal line
2. Bullish or bearish RSI signal, RSI > 50 for bullish , < 50 for bearish
3. VIX must be above a certain threshold to take advantage of high market volatility
4. Price must be on top of EMA line for long, and below for short

For exits, there are 3 scenarios:

1. Stop loss set by a percentage of the daily ATR value
2. Trend changes on the TICK and the RSI
3. Bearish or bullish divergence on price with TICK

This strategy automatically signal to close all trades at 3:50 pm EST at the end of the day.

- There is an option to show P/L for reinvesting profits

Enjoy~!!! Let's all make $$$
Release Notes:
Added option to stop trading after Max daily profit is reached
- this helps manage over-trading
Added blue and orange triangles to indicate TICK reversals

If you make $$$ off it, consider donating some of your juicy gain :)
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