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 Call Spreads, Long Calls
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 my first bot, so of course I wanted to try to make a synthetic backratio spread which is itself a synthetic long stock position. It should always sell a monthly at least 30 DTE with delta .70/.50 debit spread and a matching .70 delta long call of the same quantity. Typically, this results in 2 positions total at all times.
It will try to open the debit spread first with 33% of its available net liquid value before opening the long call position. In future versions, I'd like to make this some kind of input or controlled variable balancing the two positions to get closer to full allocation. Right now, there could definitely be a poor fit or even an error trying to setup the contract qty.
Closing the open position manually using the event button would result in it opening a new position at the next scanning. Otherwise, it should just do so at the first check when there's less than 15 DTE. I haven't actually watched it do that yet.
There is an input variable for underlying security, and I was thinking on a 1 bot per position sort of arrangement. I have a few going to try out different scenarios.
Learn more about the options strategies this template could trade: