This is an extension of the CORE Long Equity Bot (Intermediate).
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.
In addition to the symbol loop contents being set by the Ticker List input, bot level inputs values are used in the scanner and monitor. Up to ten ticker symbols can be used. They are set in the bot level Ticker List input on the bot's Settings panel.
- Symbols Traded: SPY, QQQ
- Position Size: 1 Share
- Positions allowed to open per day: 2
- Total positions allowed to be open: 2
- Exit Conditions: $5 Loss, $20 profit; this is "per position" so if you increase the shares traded, you will need to consider increasing the target and stops.
Other inputs for trend and liquidity filters can be set here as well.
Change the position limits to allow the bot to hold more than 2 positions at a time.
As you learn more about autotrading, consider making two clones of this bot. You could leave one clone unchanged to learn from and observe while modifying the other clone to customize its settings and decision recipes to fit your trading style.