Platform

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Tour

Bots 101 How it works Live demo

Tools

Automated trading Options backtesting Watchlist scanner Private community

Use cases

New investors Stock traders Active traders Passive investors Swing traders Algorithmic traders

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Templates

By trade type

Stock trading bots Options trading bots

By strategy type

Bullish options strategies Neutral options strategies Bearish options strategies Hedging strategies

By style

Active and high frequency bots Event-based bots Trend trading bots Momentum trading bots Statistic and probability-based bots Technical analysis bots Earnings strategy bots

Education

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Courses

By experience

Beginner

What is an options contract?Stock trading vs. options trading Options contract specifics Call vs. put options basics Buying options vs. selling options Options profit and loss diagrams Options pricing tables Option moneyness (ITM, OTM, and ATM)Options pricing and the "Greeks"Options expiration and assignment What's our "edge" trading options?Single vs. multi-leg options strategies Small account options strategies

Intermediate

Fearless, confident options trading Historical volatility vs. implied volatility Predicting market moves Trade size and capital reserves Portfolio balance and beta weighting How to choose the best options strategy How far out to place trades?Strike price anchoring with probabilities Tips on getting your trades filled Advanced and contingent orders 7 step options trade entry checklist

Advanced

Developing a daily trading routine How to avoid "Black Swan" events Adjusting and hedging option trades Exiting options trades automatically Options strategies we don't adjust (and why)Big picture adjustment strategy When to adjust or not Adjusting straddles and strangles Adjusting credit spreads, iron condors, and calendars Smarter stop-loss orders Building a diversified options portfolio Rolling options trades for duration and premium Options expiration week position checklist Dealing with stock assignment and dividends How to free up trading margin and cash

By subject

Options basics

Why options vs. stocks?What is an options contract?Smart use of leverage Option strike price Option premium Option expiration Option contract multiplier Profit and loss diagrams Long call option explained Short call option explained Long put option explained Short put option explained ATM, ITM, and OTM options Cash vs. margin basics High probability trading defined How to buy a call option How to buy a put option Single-leg vs. multi-leg What is the VIX?Is fundamental analysis dead?

Entering and exiting trades

Game of numbers 7 step entry checklist Strong liquidity examples Picking the next direction Scanning for trades Option pricing table basics Setting up your trade tab Pinning your probability of profit Using delta for probabilities Buy to open vs sell to open Buy to close vs sell to close Market, limit, stop loss orders 5 types of contingent orders Limit orders Market orders Limit on close orders Market on close orders Advanced contingent orders Taking profits before expiration Mechanics of rolling Consider future events

Options expiration

Options expiration explained What is the Options Clearing Corporation (OCC)?Physical vs. cash settlement options American vs. European style options Weekly options expiration Weekly expiration tags/codes Options assignment process Options exercise process Trading timeline (duration)

Bullish options strategies

Bull put spread Bull call spread Long call Short put Bull call backspread Put broken wing butterfly Call calendar spread Put diagonal spread Custom naked put Covered call Synthetic long stock

Neutral options strategies

Short straddle Long straddle Iron condors Short strangle Long strangle Iron butterfly Unbalanced iron condors

Bearish options strategies

Bear call spread Bear put spread Long put Short call Bear put backspread Call broken wing butterfly Put calendar spread Call diagonal spread Custom naked call Covered put Synthetic short stock

Portfolio managmeent

No guaranteed trades Don't do something, sit there Account size adjustments Avoiding stock market overload Stocks, indexes, & ETFs Monitoring positions Creating automatic alerts Individual stock beta Portfolio beta Beta weighting your portfolio Uncorrelated industries/sectors Systematic vs. unsystematic risk Efficient portfolio frontier Limiting undefined risk trades Economic calendar Concept of legging

Options pricing and volatility

How to find option price quotes Understanding the math IV vs. IV percentile Probability of profit vs. probability of touch Option probability curve Bid-ask spread defined IV expected vs. actual move The "Greeks"Fatal pricing errors Inverse ETFs Options parity

Adjusting trades

#1 adjustment for any trade When to adjust a trade Single options trade vs. overall portfolio Leveraging the analyze tab Call spread adjustments Put spread adjustments Short strangle adjustments Iron condor adjustments Short straddle adjustments Calendar spread adjustments Debit spread adjustments Butterfly adjustments Using stop losses Delta hedging Rolling positions Pairs hedging

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Strategies

Long call Long put Short call Short put Covered call Covered put Protective put Collar strategy LEAPS Bull call debit spread Bear call credit spread Bull put credit spread Bear put debit spread Long straddle Short straddle Long strangle Short strangle Call calendar spread Put calendar spread Iron condor Reverse iron condor Iron butterfly Reverse iron butterfly Call butterfly Put butterfly Strap Call diagonal spread Put diagonal spread Call ratio spread Put ratio spread Call backspread Put backspread Long box spread Short box spread Reversal Stock repair

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Topics

Overview Asset allocation Automated trading Behavioral finance Brokers Candlestick patterns Chart patterns Dividends Economic indicators Equity investments Exercise & assignment Financial analysis Financial history Financial markets Financial modeling Financial theories Fundamental analysis Futures Investment accounts Investment taxes Investor biases Market holidays Market hours Market indexes Market indicators Momentum trading Options Options pricing Options settlement Portfolio management Risk management Stocks Stock market Technical analysis Technical indicators Trading commissions Trading platforms Trading psychology Trend trading

Resources

Support

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Help Center

Getting started

What is a bot?Creating a bot Automation types Automation editor Bot dashboard Bot positions Bot log Templates and cloning Key concepts Safeguards and limits Power of bots Best practices

Bot automations

What is an automation?Scanner automations Monitor automations Event automations Editing automations Reusing automations Copying automations Ordering automations Using custom inputs Bot level inputs Automation statuses Automations library

Bot actions

Decisions Open position Close position Notifications Loop symbols Loop positions Bot tags Position tags

Bot examples

Genesis 1.0 bot Genesis 2.0 bot Genesis 3.0 bot Trend trading with stocks bot Portfolio trend trading bot Trend trading with options bot Multiple moving averages bot Technical swing trading bot Trend and momentum bot Weekly credit spread bot Recurring iron condors bot The "Honey Badger" bot Hybrid spreads bot High IV rank iron condor bot

Decision recipes

Comparing underlying symbol price Evaluating symbol type Comparing underlying symbol properties Evaluating underlying symbol performance Evaluating underlying symbol standard deviation Comparing underlying symbol price to an indicator Comparing multiple underlying symbol indicators Evaluating underlying symbol implied volatility rank Evaluating underlying symbol earnings reporting Evaluating underlying symbol price probability Evaluating underlying symbol probability within range Evaluating bot properties Evaluating bot available capital for opportunities Comparing bot position count to position type Comparing bot position count to underlying symbol Evaluating bot position count to position type and underlying symbol Evaluating bot last position activity Evaluating bot last activity with underlying symbol Comparing bot active orders status Comparing bot active orders status with underlying symbol Evaluating bot position availability Evaluating bot tags Evaluating opportunity availability Evaluating opportunity return expectations Comparing opportunity attributes Comparing opportunity leg attributes Comparing opportunity bid-ask spread Evaluating opportunity probabilities Evaluating position performance Comparing profit target to trailing value Comparing position time to expiration Comparing position duration Evaluating position underlying symbol Comparing position properties Comparing position leg properties Evaluating position type Evaluating position side Comparing underlying symbol price to position leg Evaluating position tags Evaluating underlying symbol indicator properties Comparing multiple underlying symbol indicator properties Evaluating MACD technical indicator Comparing Bollinger Bands to symbol price Evaluating stochastic technical indicator Comparing VIX properties Evaluating market time of the day Evaluating days of the week Evaluating bot switches

Position statement

Activity summary Position details Trade details Opened positions Closed positions Canceled positions Override positions Expired positions Position history Manually open position Manually close position Import position

Order pricing

SmartPricing Final price settings Position summary Order details Working orders Manual override

Bot templates

Creating new templates Updating existing templates Deleting templates Sharing templates Updating shared templates Template best practices

Cloning bots

Cloning existing bots Cloning from template Cloning from shared template

Troubleshooting

Using bot logs Testing your bots Not enough capital warning Daily position limit warning Total position limit warning Pricing anomaly warning Missing or invalid input error Daily symbol limit error Excessive errors failsafe Overlapping strikes failsafe Price exceeds strike-difference error Options expiration protocol Duplicate orders error Options approval level error Bot event loops Stock splits and corporate actions Supported browsers Supported countries

Community forum

Community guidelines Crafting your introduction Sending group messages Sending private messages Attaching bot templates Receiving bot templates Attaching automations Receiving automations Following traders Posting publicly Editing posts and messages Subscribed discussions Using bookmarks

Using backtester

Running a new backtest Backtesting results summary Modifying existing backtests My backtests Backtesting research database Top backtests Backtesting errors

Account settings

My profile Trading accounts Connecting to TDAmeritrade Connecting to TradeStation Connecting to Tradier Incompatible accounts Password management Session timeout Two-step authentication

Technical docs

Infrastructure and security Automation structure Automation behavior Data feeds Order handling Trade enforcements Broker rejection errors Bot limitations Profit and loss Fair value pricing Decision properties Decision calculations Parameter selection Calculating probability Platform indicators

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Contact

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Trader's Handbook

Your new "go-to" digital encyclopedia for clear, non-subjective answers to all things trading.

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