Everything You Need to Build Your Bot

Set your strategy rules, entries/exits, risk controls, and automation settings.

Your bot follows a rules-based strategy. You choose the strategy, risk settings, and the account it trades in.

Step-by-step setup

1. Pick a strategy (bullish, bearish, or neutral) that matches your market view and experience.

2. Choose your underlying (commonly broad ETFs like SPY/QQQ) and your preferred expiration (0DTE vs. 30–45 DTE, depending on the bot).

3. Select position sizing: set a max risk per trade and a max number of positions at once.

4. Define exits: profit target, stop loss, and time-based exit (e.g., close before expiration/power hour).

5. Enable safety rules: daily loss limit, max trades/day, and ‘no-trade’ filters (news/earnings/low liquidity).

6. Review the bot summary (max loss, max profit, breakevens) before turning it on.

Risk settings we strongly recommend

• Per-trade risk cap: 1–2% of account (risk = max loss if stop is hit / spread goes max loss).

• Cash buffer: keep 15–20% of account in cash to avoid forced liquidations and to handle margin changes.

• Avoid ‘averaging down’ on same‑day options, cut losses per plan and re-enter later if your setup returns.

• Correlation check: avoid stacking multiple positions that are effectively the same bet (e.g., multiple Nasdaq/tech exposures).