About this template
This is an extension of the CORE Long Put Bot (Beginner) and (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.
This advanced version adds a symbol loop recipe to the scanner for multiple tickers to be used. The symbols are set by the Ticker List input. This is elevated to the bot level where it can be easily changed.
The scanner also has a test added to ensure only a single position is open in any ticker.
Bot Overview:
- Symbols Traded: SPY, QQQ
- Position Size: 1 Contract
- Positions allowed to open per day: 2
- Total positions allowed to be open: 2
- Exit Conditions: 25% Profit Target or 5 DTE
Up to ten ticker symbols can be used. They are set in the bot level Ticker List input on the bot's Settings panel.
Change the position limits to allow the bot to hold more than 2 positions at a time.
Here are the settings that have all been pushed to the bot level in this advanced version:
Note that the monitor used here is unchanged from the CORE Long Put Bot (Beginner).
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.
