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Fully automated trading strategy

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

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Setup to trade the following strategies

Iron Butterflies

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.

100% customizable template

You can easily modify this bot template to fit your exact needs or trading style.

About this template

I've had this template running for a little over a month now and I've made a few tweaks here and there.

The template opens an IB with at least 6 DTE and $5 wings. It looks for a 25% profit target, with a 10% trailing stop. Checks to see if it's profitable at 2 DTE. If it is, let it ride; if not, close it. Closes at 3:30 pm on expiration if it makes it that far. I love that this template works so well on so little capital (low risk). It's worked pretty well so far!

I started this template at the same time as my Weekly IC template so that I could compare the two.

Please share any feedback for improvement.

Backtesting research

Strategies traded

Learn more about the options strategies this template could trade:

Iron Butterfly

Last updated:

Dec 15, 2021

Originally shared:

April 30, 2021

Scheduled Events

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