About this template
The goal of this bot template is to help share some ideas around bot management using different automations. This is a simple trend and momentum bot that looks to enter positions based on various SMA levels.
You'll notice that I have multiple checks for the bot to see if both the 30 day SMA is above the 200 day SMA in addition to the physical price of the stock being above the 200 day SMA. This is because sometimes you'll get a stock that has the 30 day SMA above the 200 day SMA but the share price is tanking. That's not a good setup for the eventual put spread.
Position management
When it comes to management I used a couple of different options (no pun intended). I included management for each type of strategy the bot could open as well as a possible adjustment for the call spread should it get challenged. Next, I included some quick buttons for liquidating all positions if necessary and a nice little 50% profit taking button that would check all positions for a 50% profit whenever clicked and then remove that position.
Overall, when you view the automations, you can see how I'm making the decisions and as always feel free to make a clone and adjust as needed for your own personal preference. Enjoy!
