Iron condors are a popular options trading strategy and a great neutral strategy for both beginners and advanced traders. These multi-leg positions can be incredibly flexible and setup with various spread width, across many expirations, and used on nearly all optionable securities. So, this week we'll dive into creating a minimal iron condor bot template in our live bot workshop.
This is an entry level or beginner template that helps you learn how bots work and how to use scanner and monitor automations while also introducing functionality that prevents the bot from overlapping positions in the same underlying ticker. We want you to learn how to automate your trading with confidence. What better way to do that then building bots together, step-by-step during this week's training session.