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
Long Call Spread
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
This bot aims to behave like a Bank CD but unlike Bank's 1% return, it can return 15% or more profit. The bot scans for a long call, monthlies, at least 350 days out, with 0.8 delta and sells a call $20 above Long call strike price. Since this is a long term trade, I almost named it as Patience Bot. The goal is to make 15% or more without checking it daily. Absolute profit target is set to 90% premium increase. When 30 days are left for expiration and position has taken a hit (Underlying stock price is below Long Call strike), then I take a loss and close the position.
In manual trades, I have taken profits of 25% if the underlying stock takes off (instead of waiting a year) . I have incorporated that change in Version 2 of the bot.
As always, feedback, ideas and suggestions are welcome.
Learn more about the options strategies this template could trade: