#include <contract.c>
var FuzzyRange = 0.1; // Adjust based on market volatility or strategy needs
var PremiumTarget = 100; // Example target premium from selling a call
var StrikeOffset = 50; // Offset from the current price for strike selection
int DaysToExpiration = 30; // Target days until expiration
// Initialize fuzzy logic settings - no changes needed here
void initFuzzyLogic() {
FuzzyRange = 0.1;
}
// Decision-making on whether to initiate an option combo trade
bool shouldSellCallOption(var currentPrice, var strikeOffset) {
// Selling a call option if the current price plus strikeOffset is fuzzy-above the current price
return fuzzy(aboveF(currentPrice + strikeOffset, currentPrice));
}
// Logic for closing position based on profit and days to expiration
bool shouldClosePosition(var tradeProfit, int daysToExpiration) {
var profitCondition = aboveF(tradeProfit, PremiumTarget);
var expirationCondition = belowF((var)daysToExpiration, 5.0); // Close if less than 5 days to expiration
return fuzzy(orF(profitCondition, expirationCondition));
}
void run() {
BarPeriod = 1440; // Use daily bars
LookBack = 0; // No need for historical bars in this strategy
StartDate = 2020;
EndDate = 2024;
assetList("AssetsIB");
asset("SPY");
AmericanOption = 1; // Trading American options
initFuzzyLogic();
if (!contractUpdate(Asset, 0, CALL)) return;
if (is(EXITRUN)) return;
// Decision to sell a call option
if (NumOpenShort == 0 && shouldSellCallOption(priceClose(0), StrikeOffset)) {
CONTRACT* CallContract = contractFind(CALL, DaysToExpiration, priceClose(0) + StrikeOffset);
if (CallContract) {
combo(CallContract, -1, 0, 0, 0, 0); // Prepare a combo to sell 1 call option
enterShort(comboLeg(1)); // Enter short position on the combo leg
}
}
// Loop through open trades to manage the position
for(open_trades) {
if (TradeIsOption && TradeIsShort && shouldClosePosition(TradeProfit, daysToExpiration())) {
exitTrade(ThisTrade); // Close the position based on fuzzy logic conditions
}
}
}
// You might need to implement or adjust the daysToExpiration function to suit your requirements
int daysToExpiration() {
// Implement logic to calculate days to expiration for the current option combo
return 10; // Placeholder return value
}