Bot templates include scanner, monitor, or event automations that you can save to your personal library. You can create clones and edit any of the automation’s properties. Once saved to your library, the template is yours, and you can modify and update the template whenever you like.
The great thing about templates is that they can be shared in the Community. You can rename and save to your library any shared template. You can then clone the template to instantly create a bot based on the template’s automations and settings.
Want to make changes? No problem. The cloned template becomes your very own bot, and you can make any modifications you want, including position and allocation limits. And of course, you can customize the automations and custom inputs to fit your preferences.
You can update a template at any time to reflect changes in your strategy or market conditions. Each update can be saved as a new version, so you never lose track of your progress. Adjustments are automatically saved in your bot and do not affect the original version.
Shared templates are an easy and effective way to replicate the framework of someone’s strategy while maintaining complete control over the bot’s details.
In this video, I want to show you how to modify bot templates shared in the community. Now, remember that bot templates shared in the community are just simply that a template of automations and scanners, monitors, or events that you can save into your own personal library.
You can create clones of these bot templates and modify and edit any of the fields, or properties, or automations. Once you save or create a clone of the template, it is now your template and your automations to use and edit and adjust as you see fit. I'll show you how to modify this bot template that one of our members shared inside of the community.
Inside of the community you find a bot template that you like and then you can save that template to your own library. You can rename it anything that you want. You can call it "Kirk's QQQ" or "Kirk's 60 day DTE Put Spread." Whatever you want to name it, just go ahead and save that and then view the template.
From here you can create a clone of the template to create your first bot. This is where you'll go in and create modified versions of it. You can simply create a clone of the bot that's using that template, and then now inside of that bot you can go to the list of automations. Inside of the automations, you can see this particular bot template had one monitor automation and one event automation. In this case, we might want to make adjustments to the event automation that it's running.
We open the automation editor and we can see all of the different decisions that this bot could currently run through. We might want to change any of these fields or variables or add and delete decisions to make it more customized to our own particular trading style. This is where we modify bot templates.
Again now that we've saved this to our own library, this is now our own version of this bot template, and any changes that we make won't affect anybody else who's using another version of this template that they saved for their own particular platform. In this case, we can make a change here to check and see if the VIX is below 30.
We could also check and see if the ticker symbol is above, instead of the 200-day moving average, the 100-day moving average. Any of these changes, again, are just reflected and saved for our particular version of this template in this bot. We don't have to just make changes, we could straight up delete anything that we don't like, and replace it with other indicators or other symbols, or decisions inside of our bot.
Again you can notice that I made changes to this template, but I didn't have to recreate everything from scratch. Once I'm good to go, I simply exit out the automation. I can do the same thing for the put spread manager that this bot template uses. Maybe I don't want to check and see if the position expires in 30 days, I want to check and see if the position expires in 10 days.
One little switch and now this new template has been modified and customized just for my particular trading account. Once I'm good to go if I want to re-save these changes, I just simply go up to the settings and save this as a bot template. It's smart enough to recognize. It looks like you're updating one of the existing bot templates, the one that I had saved originally. And then I go ahead and save.
Now when I go view the template, I am now on version number 2. This new version has been created because I made some changes to my put spread managers and to my scanner. Notice that this new change that I made, it is now reflected and memorialized inside of the template in my library. Again, so it's really easy to modify and edit, and customize any bot template shared in the community. This allows you to not have to start from scratch, but also gives you the flexibility to personalize any of the trading strategies or styles that other members share.