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
Short Put Spread, Long Put 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 is a modified version of the APC (All Put Condor) 8_21 posted by @steveganz last summer. This type of trade also goes by the name "boxcar".
I have been running a few copies of this with a $1000 allocation since Steve shared it. They have been doing great! Not as exciting to watch as the 0DTE bots, but also a lot more active than the watching-paint-dry bots. New bot traders may want to paper-trade a copy of this to see a low capital, fairly active, bot in action.
Just like the original APC, this opens a single composite SPY position consisting of a $6 wide short put spread, short strike at 25 ∆, and a $3 wide long put spread with the long strike $1 above the underlying price. Both are 7-10 DTE. Both positions are closed if a $100 overall profit target is reached or it gets to be expiration day afternoon. New boxcars are opened immediately after one closes.
- To handle potential no-fill orders the position is opened in stages. Only after the short spread has opened will the long spread order go in. This way both spreads will retry if not filled at first. Also, this allows "soft" position sizing as a percentage of the bot's net liquidating value. Specifying a fixed number of contracts is not required to get the sizes to match. And positions will scale as P/L accumulates.
- No-fill handling is built into the exits as well. When the decision to close the boxcar has been made, both spreads and the bot are tagged "closing". This prevents opening another position until the current one is fully closed and facilitates retry if needed for the individual spreads.
- To avoid pattern day trader (PDT) violations a spread will not be closed on the same day it gets entered.
Steve's original bot looks for a $100 profit on its position. This can't currently be scaled automatically based on the number of contracts. This will need manual adjustment from time to time as the bot's net liquidating value changes. The profit target is an automation-level input for the Box Car Closer monitor. This could be pushed to a bot-level input if preferred.
Learn more about the options strategies this template could trade: