SPX Stagnation: Starting testing

Going to start paper trading the SPX stagnation strategy, which involves buying butterflies when its rangebound. Selling today around 2400, butterfly which makes money 4 days out (weekend included) if SPX is between 2388 and 2411.

I made a lot of money last year by doing things like this, but calendar trades are usually far more profitable, it is just impossible to do them anymore on SPX though :((  Those really are the "holy grail", the profit potential is insane.

Speaking of last year, things which didn't make money were:

-Straddle trades where the straddle was supposed to appreciate before earnings, then the straddle would be sold right before the earnings announcement
-Options spreads on VXX, I am just a bad predictor of when stuff will reverse. Buying XIV works much better for me. Selling Longer-term XIV futures (5-6 months out in times of high volatility) will be even better most likely (with a protective stop of course)

Anyway, spx options are not available anymore so let's do this trade.

RESULTS:

RUNNING RESULTS: