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 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
First things first, is the red icon a bear? Closest I could find... 😂
So I'm trying to find fun uses for my "Profit Taker w/ Increasing Trails" monitor...
This bot opens a long put debit spread on SPY every morning (0DTE, .40-.30 deltas, 10% of net liq) and takes whatever profits it can throughout the day, and closes at 3:45pm if hasn't closed for a profit or hit stop loss.
Results after 17 days:
You can toggle if you want the monitor to be aggressive (15% or higher profits) or start looking to take profits even after 1%.
If this bot catches a fast and major downward move in SPY during the day, you could double/triple your premium paid that day.
P.S. There's a switch in the scanner to put the bear to sleep when market conditions change.
Learn more about the options strategies this template could trade: