Trade Ideas Bot - Auto Open

V.3 - UPDATE

• Updated filter settings to better match those used by Bellwar

V.2 - UPDATE

• Removed ETF tickers

V.1 - INTRODUCTION

I haven't started trading this bot yet, but I wanted to get the template started so I can document its evolution. It's a simple bot based on Option Alpha's Trade Ideas. While I started to manually enter trades based on the Trade Ideas, I wanted a bot to do it for me. After all, that's what OA is all about, right?

So I'm scanning 10 stock tickers and excluding ETFs at the moment so it won't overlap my other bots which trade the ETFs. Here's how the bot is setup:

• Avoid FOMC days
• 2-14 DTE trades
• Probability of profit > 50%
• Reward/Risk >100% 
• Take profit at 50%
• Exit 1 day before earnings

Once I start seeing which trades are being made and how their P/L changes during the life of the trade, I'll start testing different management/exit strategies.