SPX 0DTE Credit Spread

Entry Logic

• Entry Trigger: Sell a credit spread on SPX.
• Confirmation: Neutral to directional bias.
• Timeframe: 15-minute chart.
• Location: N/A.
• Market Condition: Any.

Exit Logic

• Profit Target: 50% of the credit received.
• Scaling Out: N/A.
• Trailing Stop: N/A.
• Signal Failure: N/A.
• Opposite Signal: N/A.
• Time Expiration: Hold until expiration.
• Momentum Loss: N/A.

Stop Loss Structure

• Hard Stop: 2x the credit received.
• Soft Stop: N/A.
• Max Dollar Loss: $200 per spread.
• Max Percent Loss: 200% of the credit received.
• Structural Stop: N/A.

Risk Management Framework

• Risk Per Trade: 2% of account balance.
• Daily Limit: 1 losing trade.
• Weekly Limit: 4% drawdown.
• Max Drawdown: 10% of account balance.
• R:R Requirement: Minimum 1:2.

Position Sizing Model

• Sizing Approach: Fixed number of contracts.
• Volatility Adjustment: N/A.
• Conviction Sizing: N/A.
• Scaling In: N/A.
• Scaling Out: N/A.

Trade Filtering

• Market Conditions: Any.
• Setups: N/A.
• Instruments: SPX.
• Time Restrictions: Any.
• Chop/News Avoidance: N/A.

Context Framework

• Trend Direction: Any.
• VWAP Relationship: N/A.
• MA Relationship: N/A.
• Range Location: N/A.
• Higher TF Alignment: N/A.

Trade Management Rules

• Breakeven: N/A.
• Scale Out: N/A.
• Add Size: N/A.
• Fast vs Slow Moves: N/A.

Time Rules

• Optimal Window: Any.
• Times to Avoid: N/A.
• Session Notes: N/A.

Setup Classification

• A+ Criteria: N/A.
• A Criteria: N/A.
• B Criteria: N/A.
• C Criteria: N/A.

Market Selection Criteria

• Instruments: SPX.
• Volume: High.
• Volatility: Any.

Statistical Edge Metrics

• Win Rate: 80%.
• Avg Win: 50% of credit.
• Avg Loss: 200% of credit.
• Profit Factor: 1.0.
• Expectancy: Neutral.

Failure Conditions

• Strategy Fails: When the market makes a large, unexpected move.
• Specific Scenarios: Black swan events.

Psychological Rules

• Mental Discipline: Be comfortable with the risk.

Advanced Components

• Regime Detection: N/A.
• Filters: N/A.
• Correlation: N/A.
• MTF Alignment: N/A.

Location

• Strongest: In range-bound markets.
• Weakest: In trending markets.