Bots execute trading strategies inside your portfolio. Bots are the home for your positions, risk management, and automations. You are in complete control of your bot's activity and tell them what to do and when to do it. You can automate all of your strategy from entry to exit, or create hybrid manual-automated strategies.
You bet! We provide a set of “sample” bots that can be cloned to help you get started and learn how bots work. Plus, you can always browse hundreds of templates and strategies shared in the Community by fellow traders.
Your Option Alpha account can be connected to as many available and compatible brokers as you like. Each broker allows one API connection, which means you can connect one login per broker. Using multiple sub-accounts with the same broker requires the accounts be linked together in a single login. Speak to your broker for details on linking sub-accounts.
Yes. You have the ability to filter trading opportunities before entering them inside your bots. For example, you could create an automation that only enters a short put spread IF the return on capital is greater than 30% AND the the bid/ask spread is less than $0.05 AND the probability of profit is great than 70%. This is just a small sample, but as you can see, there's a lot of flexibility and power in what you can do.
Yes. You can choose to run multiple automations within each bot, every automation looking for a different set of criteria to enter a trade.
Yes, you have total control. You can choose to send a specific limit order, price your trade a certain percentage of the bid-ask spread, or use our proprietary SmartPricing technology to try multiple prices for you.
Yes, you can find everything you need to get started with bots and automation in our autotrading resources. Visit the Help Center, watch tutorials and workshops, read the Bots 101 guide, and browse pre-built bot templates.
Yes. We have weekly live beginner workshops. These events are perfect for new autoatraders looking to learn about bots, ask questions, and see autotrading in action. Sign up here.
Of course. You can still open and close positions in your broker's app. You can also import existing brokerage positions into your Option Alpha account, as well as open and close positions manually in the autotrading platform.
Automations are the instruction manual for your bots. You can use automations to scan the market for opportunities, open positions, manage your trades, and more. Automations run at 15 minute intervals, or you can run them on custom schedules.
When creating a bot, you must select an account. Simply connect the bot to an authorized live brokerage account. All bot orders will automatically be sent to your broker for execution.