You can have unlimited bot templates saved to your library. Templates can be cloned into a bot at any time.
We suggest naming your bots with a detailed description so you can quickly identify their objective. You can also personalize your bots with icons and colors.
Templates allow you to save, edit, and reuse strategies. You can reuse the framework of a trading strategy with a template.
Cloning replicates a bot so you can immediately add it to your portfolio and modify its settings. You can clone a template.
No. Templates have a description and show all automations used in the bot, but they do not show the bot’s trading history.
If you update an existing template with modifications and no longer want the original, you should use the "update" functionality.
If you want to keep your original template intact and now have a second template with some minor modifications, use the "new" template function.
You should put a brief general description of this template's functionality in this field. If you share the template in the Community, other members can read the description, so it is a good idea to provide a detailed description of the bot’s objective.
You can send a private message to Community members and attach a template or automation.
Select the envelope icon in the top right corner of the platform to send private messages. Select the template you want to share from the bottom of the message page to attach the template.
To see templates shared by other traders in the Community, simply click on the Community tab and select “Templates” in the Collections column on the left. You can view the templates people have shared, and if you click on an individual’s name, you can see all of the templates they have shared.
We suggest you paper trade all cloned bots in your paper trading account before trading live capital to ensure you understand exactly how the bot will work.
When you select a template shared in the Community, all of its automations are listed, along with a brief description of the bot. You can click on any automation to see its details.
Yes. To delete a bot click the gear icon and select "Delete." Be aware that if your bot has open positions, you must manage them manually after the bot has been deleted.
Cloning a template turns the strategy into a bot. When you clone a template, you can modify its global settings.
You can find bot templates saved to your library in the "Templates" tab on the bot homepage.
Templates can also be found under “Collections” on the Community homepage. You can save and clone templates shared in the Community.
Clones are a copy of the bot or individual automations. Templates are the complete bot with all automations, bot notes, and version information.
Clones are added to your portfolio as a bot, and you can trade them immediately; templates are saved to your library and can be cloned into a bot.
Templates allow you to save the framework of a bot. You can share, reuse, and update the template at any time. This saves you from having to re-create the bot in the future.
You can save as many templates as you want to your library. Any bot can be saved as a template and reused to clone a new bot in the future, where you can modify its settings.
Templates store a bot’s basic functionality, such as your entry and exit parameters via automations, criteria used, and notes/descriptions about the bot. The bot’s position history and allocation amounts are not stored with the template.
New templates are the original version of a bot from which you created a template. You can modify the template at any time and save the latest version as an updated template.
Yes, you can add a wide variety of information into the notes area of your template, including links to articles, images or screenshots of charts, a link to a backtest, and more.
No. Only the bot’s name, description, automations, and version history are shared.
To create a bot from a template, simply select the template in your library, or download one from the Community and select "Clone.” This will create a new bot, and you can always modify its settings. Note that all new bots are turned off by default, so you will need to turn it on.
Yes, it is strongly recommended that you always paper trade a new bot.
A bot template is designed to be viewed and saved, not modified. You can clone the template and edit the bot’s settings and automations.
No, if you edit a template, it will not change your bot or the templates you had previously shared with others.
If you update an existing template with modifications and no longer want the original, you should use the "update" functionality.
If you want to keep your original template intact and now have a second template with some minor modifications, use the "new" template function.
No.
To add or edit notes to a saved template, select the template and scroll to the bottom of the page.
Templates display their version number and the last update at the top of the page and how many times it has been cloned.
Select the gear icon inside your bot template and click "Delete."
If you have a template that represents a trading strategy you no longer use, or you downloaded the template to observe its actions, you may want to delete it to avoid confusion and keep an organized working environment.
Yes.
No.
No.
No.
No.
Yes, we always recommend paper trading shared templates.
By default, everything you do in the platform is private to you. You can always share your bot templates publicly or privately. Shared templates do not include personal information, position history, or past performance.
No. The best option is to clone a template and run it in paper trading mode to monitor its performance.
You can use the attachment feature below your message to add a template.
You can add up to ten recipients in a private group message. Use the attachment feature below your message to add a template.
Select "Create Post" and toggle the "Share a Template" tab to share a template in the Community. You can then select the template you want to share from your library.
No, shared templates do not include personal information, position history, or past performance.
Absolutely. One of the Community’s objectives is to crowdsource ideas and encourage member interaction.
When you create a post, be sure to select “Share a Template.”
You can always view a template’s details by selecting the template.
To use a shared template, click on the template and select “Clone.”
No, you can clone a shared template or a template in your library at any time.
You can save text, screenshots, links, and anything that will help you in the future, such as chart pictures, articles, and more.
Templates allow you to save, edit, and reuse strategies. You can reuse the framework of a trading strategy with a template.
Cloning replicates a bot so you can immediately add it to your portfolio and modify its settings. You can clone a template.
You should name your templates in a way that makes them easily identifiable and helps you understand the bot’s objectives.
The notes field is ideal for you to document your thoughts for the trading strategy, along with any links, screenshots, or any other information you may want to include.
The template notes field can contain all kinds of information, including text, screenshots, links to articles, videos and webpages, and any other information you may want to include.
No, notes are private to you. Only the template’s name, history, automations, and description are displayed.
You should develop a system that helps you easily identify your different templates and strategies. For example, yellow icons could be for neutral strategies, while green icons are for long strategies.
The description field is where you can provide a brief summary of the bot’s objective and purpose. The description field is visible when you share the template.
Yes. On the Community homepage there is a Templates tab.
No. New bots are turned off by default. You must turn on the bot manually when you are ready.
No. Unless the creator of the template has provided information in their notes, the historical performance remains with the creator.
You can either clone the bot instantly or save the template to your library and clone it at a later time.
No.
We strongly recommend paper trading cloned bots to help identify any modifications you may want to make.
Hover your mouse over the template and click “Clone.”
Yes: Bot Templates | Option Alpha
You can also access any templates shared in the Community from the Community homepage.
Bot automations, bot description, user notes, and version number.
No.
Yes, they are the same.
You can share individual automations or complete templates.
Clones are a copy of the bot or individual automations. Templates are the complete bot with all automations, bot notes, and version information.
Clones are added to your bot portfolio and can be traded immediately; templates are saved to your library and can be cloned into a bot.
Yes.
No, any performance and log information from the original bot will not be included with the clone.
Yes, making changes to the automations will be reflected in both bots, so make sure to copy the automation first to avoid having changes made to the original bots automation.
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