This is a very simple and easy beginner bot for stock traders.
This bot simply uses a long-term trend indicator, in this case, the 200 day SMA, to selectively purchase stock when the ticker is above the 200 day SMA. We then use one simple Monitor automation to watch and see if the stock ever dips below its long-term trend indicator. If the stock does fall below the 200 day SMA then the bot closes the stock position and waits for the stock to resume the uptrend.
*Note: I also included a quick decision right inside the Monitor automation to check and see if the position has been opened for more than 1 day before closing. This prevents the bot from running into pattern day trading (PDT) rules where it might open and close a position on the same day if the trend quickly reversed.
A great way to use this is to keep each bot as its own ticker to control position sizing for equity. You can do this by simply cloning the template and changing the ticker for the scanner (no need to re-create or create a copy of the automation). Then you would effectively have a little mini-portfolio of all trend trading bots, each focused on one ticker.
Just a simple, clean, organized way to do it. As always, please feel free to modify and edit the settings in your own clones to fit your own personal trading preference. Enjoy!