Best Practices

Cloning enables you to move a bot from a paper trading account to your live trading account.

Explore the many ways you can leverage different SmartPricing settings to enter and exit positions more intelligently and customize orders.

Do you trade short option positions? This decision recipe estimates the short strike's probability of being in-the-money at expiration.

Quickly and easily rename inputs to customize your automations with specific descriptions.

Worried about overallocation? You can set fixed contract limits to manage position sizing in your autotrading bots.

If you trade multi-leg option positions, grouping decisions is an efficient way to monitor different option properties.

You can easily test your automations in the automation editor to quickly see decision action outcomes in live market conditions.

We've made it easy to manage your automation history and clear the entire bot log with just one click of a button.

Use a decision recipe to automatically check a position's probability of profit when filtering for potential trading opportunities.

You can specify different actions inside an automation based on the position's ticker symbol in the bot.

Cloning bot templates is an incredible feature of the autotrading platform. Learn how to setup custom inputs to customize bot templates added to your library.

Let your automations dynamically adjust profit targets the week of expiration. Monitor automations can automatically manage positions as expiration approaches, so you don't have to.

Don't miss the big moves when they happen! It's not always possible to be at your computer all day, every day. Use events to schedule automations around major market events, such as FOMC meetings.

Earnings announcements can create a lot of volatility and uncertainty in individual stocks. Avoid the event with this simple decision recipe.

Not all profit targets are created equal. Use custom inputs inside a monitor automation to easily modify profit targets for different tickers and strategy types.

If you have a portfolio of bots running multiple automations using the same inputs, consider using bot inputs to save you time and increase flexibility.

Never miss another opportunity. With event automations, you can schedule events to run inside a bot based on multiple triggers, such as a specific date in the future, or on a recurring schedule.

Want to check your positions for a profit everyday before the close? Learn how to schedule an event automation to perform a simple management task.

Do you want to avoid trading too many positions in the same security? Learn how to use a simple decision recipe to limit the number of positions in a ticker symbol.

Liquidity is a crucial factor when entering and exiting option positions quickly and effectively. Avoid trading illiquid options with this decision recipe that filters for minimum volume.

Custom inputs give you incredible flexibility and are an efficient way to extend the functionality of a variable field. With custom ticker inputs, you can easily change an automation's ticker symbol inside any bot.

Want to run an automation instantly inside your bot? You don't have to wait! You can run any automation from your library with the click of a button.

Use decision recipes inside an automation to filter through market data and target specific strategies with dynamic option orders.

Worried about being assigned on your option position? Bots can automatically notify you of early assignment risk if your option is in-the-money.

If you're worried about overtrading in a small account, use this decision recipe to check a position's duration and avoid the pattern day trader (PDT) rule.

Use this decision recipe inside a scanner automation to filter spread positions for a minimum probability of success before entering a trade.

Criteria groups and sub-groups enable you to create layered and/or decision recipes to check multiple data points before preceding through an automation.

Want to avoid overtrading? Learn how bot limits protect you from allocating too much capital to a single position.

If you look for a specific risk/reward ratio, use this rate of return opportunity recipe to automatically filter trades before sending an order to you broker.

Use this simple decision recipe to estimate the probability of taking the maximum loss on an options trade.

To target high liquidity and avoid costly slippage, everyone should use this recipe in their bots to automatically filter for tight bid-ask spreads before entering a new position.