Automated scanning for entries and position monitoring for exits.
Hybrid, semi-automated strategy
Uses custom buttons and actions alongside bot automations.
Trade paper or real money
Try risk-free paper trading or connect your brokerage account to trade live.
Setup to trade the following strategies
Manages multiple ticker symbols
Trades a basket of tickers you choose to automate diversification
Focused trading in one ticker
Trades multiple positions in one ticker for targeted customization.
No coding required, 100% customizable
You can easily modify this bot template to fit your exact needs or trading style.
About this template
CORE sample bots are a great resource for traders to familiarize themselves with one of the core options trading strategies and how they can be automated through Option Alpha.
The CORE Long Call beginner bot was designed to buy 1 long call option in an uptrending security with a short-term price reversal.
Symbol Traded: SPY
Position Size: 1 Contract
Max positions opened per day: 1
Max total positions at one time: 1
Exit is at 25% profit or 5 days to expiration
This is a beginner bot, as you learn more about autotrading, consider making two clones of this bot and leave on precisely as it is to learn from and then work to modify a version of it by changing some of the settings and/or different decision blocks for entries and exits.
Learn more about the options strategies this template could trade: