Bots | Automated Trading from Option Alpha (2024)

Run fully automated strategies for options or stocks with no coding required. Stop trading your time and start optimizing your portfolio with bots.

Get Started for Free

Bots | Automated Trading from Option Alpha (1)

Create your bots

Start with pre-built bot templates you can customize or build your own custom bots from scratch.

  • 100% no code

  • Flexible risk controls

  • Options and equities

  • Easily customizable

  • One-click cloning

  • Personalize your bots

Bots | Automated Trading from Option Alpha (2)

Add automations

Automations tell the bot when to take action, what to look for, when to open positions, when to exit positions, and much more.

  • Scan for opportunities

  • Automated management

  • Run on schedules

  • Use custom inputs

  • Edit, save and reuse anything

  • Instant validation testing

Bots | Automated Trading from Option Alpha (3)

Customize your decisions

Add actions and decisions using natural language recipes to the automation editor making it easy and fun to build your strategies.

  • Dozens of recipes

  • Technical indicators

  • Position-level data

  • And/or grouping

  • Reference position data

  • Infinite combinations

Bots | Automated Trading from Option Alpha (4)

Leverage SmartPricing

Our proprietary technology uses timed intervals and adjusts pricing dynamically to optimize entries and exits.

  • Evaluates bid-ask spreads

  • Doesn’t chase the market

  • Adjusts pricing on-the-fly

  • Rapid-fires orders

  • Uses spaced time intervals

  • Customizable controls

Bots | Automated Trading from Option Alpha (5)

Monitor bot activity

You’ll always have complete visibility and absolute control over everything happening inside your bot at all times.

Bots | Automated Trading from Option Alpha (6)

Scale your portfolio

Run multiple systems and strategies all at the same time without the headache of watching every market tick by tick.

  • Personal bot dashboard

  • One-click bot cloning

  • Clear performance metrics

  • Easily turn bots ON/OFF

  • View all active positions

  • Free up your time

Bots | Automated Trading from Option Alpha (7)

Paper Trading

Use our in-house paper trading engine to test any strategy before you go live.

Risk Controls

Control exactly how much risk you give to a bot or each position you enter.

Cloud Scaling

Our tech stack lives in the cloud so we're always up, always on, ready to scale.

Absolute Visibility

You have complete control and can see everything your bot does at all times.

Position Limits

Limit bots on the number of positions it can enter each day and/or in total.

Data Driven

Let bots process millions of data points and prices faster than you ever could.

Simple Recipes

Use simple, natural language decision recipes to tell your bot what to do.

Automation Editor

Our powerful automation editor gives you infinite flexibility with bot actions.

Fast Cloning

Clone bots or automations quickly and easy with just one-click.

Bot Personalization

Go ahead, have fun with your bots and give them names and custom icons.

Opportunity Filters

Bots can filter market data and pricing to find the perfect trading opportunities.

Template Notes

Add notes, images, or links to your bot templates to keep tabs on your strategy.

Organized Folders

Keep all your automations neatly organized with folders inside your personal Library.

Share Templates

One-click sharing of your bot template, privately or publicly, to the community.

Instant Automations

Run any automation in your bot instantly if needed for a one-off scenario.

Recurring Schedule

Run automations on any recurring schedule you can think of.

Dated-based Trades

Schedule an automation to run on a specific date and time in the future.

Event Triggers

Trigger automations to run only when bots open or close a position.

Reusable Automations

Save any automation to your Library and reuse them in other bots.

Technical Indicators

Scan for and trigger trades based on popular technical indicators.

And/Or Decisions

And/or decisions are a breeze and can even be grouped together.

Earnings Triggers

Pull earnings dates and decide to avoid or trade around earnings announcements.

Bot Logs

Every decision, every trade, every automation, all the data, is in the logs.

Multiple Accounts

We support multiple account types(IRA, Cash/Margin, Roth, etc.) from one login.

Manual Trading

Really? You still want to trade manually? Okay we've got that too if you need it.

Collision Avoidance

Avoid over allocating or trading too much with position and bot limits.

Custom Inputs

Create custom inputs that become dynamic variable fields for automations.

Activity Notifications

Notifications for all the activity in your account so you know what's going on.

Easy Editing

Quickly update, tweak, or change anything inside your bots in seconds.

Data Inspector

Want to see exactly what data was used by the bot to make each decision? You got it.

Strict Security

We conform to the most stringent industry standards to protect you.

On-going Training

Award-winning education and training is the foundation of our platform.

Legendary Support

We never cut corners with support and real humans are here to help you anytime.

Bots | Automated Trading from Option Alpha (8)

It's awesome seeing a bot learn how to do what you do. Because you know it can do it over and over again for you without letting emotions get in the way of the actual game plan.

Oliver

Bots | Automated Trading from Option Alpha (9)

I've been trading for over 40 years, and realize there are a lot of trading styles besides the ones I feel most comfortable with. With bots, I think I can manage to try more things without increasing the time necessary to execute and manage trades.

Ron

Bots | Automated Trading from Option Alpha (10)

All of my bots, which are not many, and designed by others and tweaked by me are all doing their bot jobs.

Bob

Bots | Automated Trading from Option Alpha (11)

You all just keep validating my decision to become an elite member. Thank you for continuing to add value to the platform.

Joseph

Bots | Automated Trading from Option Alpha (12)

I'm so impressed with SmartStops, testing within the automation and the 'Opportunity is Available' recipe. I'm working on a Debit Spread Strategy right now and these are ALL relevant and coming in handy. I'm literally chuckling and grinning as I read these release notes because of how cool these new features will be.

Dave

Bots | Automated Trading from Option Alpha (13)

This platform is going to change the game. Layers of abstraction are what innovation provides and that's exactly what the investing world needs. I don't have bandwidth to sit on TOS trying new things all day. This platform will allow me to participate in markets in a more automated way.

Joe

Bots | Automated Trading from Option Alpha (2024)

FAQs

What is the best bot for option trading? ›

Through Speedbot you can access multiple trading options that help you get maximum returns on your investment. The options trading bots are designed to act upon the movement of market trends, providing users with a hassle-free experience and assured profits.

Has anyone made a successful trading bot? ›

It depends on the bot! Some lower-risk crypto trading bots boast a 99% success rate, while others execute higher-risk strategies and have a lower success rate. The main thing most investors need to consider is whether the bot they're looking at can execute their specific investment strategy successfully.

Are options trading bots profitable? ›

Do Trading Bots Help Earning Money? Of course yes. That's why many hedge funds, banking structures, and big financial companies hire machine learning and algorithmic specialists. Those people are responsible for implementing automated trading bots to play in the real markets with big money.

Is OptionAlpha legit? ›

In summary, Option Alpha is an excellent resource for learning about options and gaining trade ideas. Yet, if your goal is substantial wealth, the small profit margins and constant need for adjustments may make you feel like you're trading valuable time for minimal returns.

Can you live off trading bots? ›

Making a living only through trading bots is obviously not easy, but it's not impossible either. While automated trading systems have helped some investors and traders earn money, it's far from easy to profit in the stock market due to the volatility of prices and market emotion.

What is the trick for option trading? ›

Avoid options with low liquidity; verify volume at specific strike prices. calls grant the right to buy, while puts grant the right to sell an asset before expiration. Utilise different strategies based on market conditions; explore various options trading approaches.

How much can a trading bot make a day? ›

📈 With the right bot and strategy, you can easily make $100 or more each day.

Which trading bot is legit? ›

Our Trading Platforms of Choice:
PlatformPriceExperience level
PionexFreeBeginner
PhemexFreeBeginner
ShrimpyThree plans — Free, Standard ($15 a month), Plus ($39 a month)Beginner to Intermediate
CoinruleFour Plans — Free, Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro packageBeginner to Advanced
5 more rows

What is the best AI trading bot for beginners? ›

Description: Pionex is a popular AI day trading bot known for its user-friendly interface and free trading services, making it an ideal choice for beginners. It supports a wide range of trading strategies and offers a variety of tools to enhance trading efficiency.

Has anyone gotten rich from options trading? ›

Not everyone can be a successful options trader. However, some can and do get quite rich trading options. Becoming a successful options trader requires a specific skill set, personality type, and attitude, like any undertaking.

What is the most profitable option trading? ›

Furthermore, this is considered the best option selling strategy.
  • 2) Bull Put Spread. ...
  • 4) Synthetic Call. ...
  • 5) Bear Call Spread. ...
  • 6) Bear Put Spread. ...
  • 7) Strip. ...
  • 8) Synthetic Put. ...
  • 10) Long Strangles & Short Straddles. ...
  • 12) Breakout Strategy.
Jul 12, 2024

How much can you realistically make with options? ›

How much money can you make trading options? It's realistic to make anywhere between 10% – $50% or more per trade. If you have at least $10,000 or more in an account, you could make $250 – $1,000 or more trading them. It's important to manage your risk properly by trading them.

Is there an AI for options trading? ›

In options trading, AI can quickly analyze historical data to recognize trends, support and resistance levels, and other key indicators used in technical analysis. - By identifying these patterns, traders can make more informed decisions about when to enter or exit options positions.

What is the difference between Tastytrade and Option Alpha? ›

This difference in audience reflects in their respective trading strategies: Option Alpha offers more conservative advice with emphasis placed on risk management and consistent profitable trading while Tastytrade promotes more aggressive approaches that involve actively managing positions and using 🆕 options strategies ...

How do I check if a site is legit? ›

How to check if a website is legit
  1. Study the address bar and URL.
  2. Investigate the SSL certificate.
  3. Check the website for poor grammar or spelling.
  4. Verify the domain.
  5. Check the contact page.
  6. Look up and review the company's social media presence.
  7. Check for the website's privacy policy.

Can I use a bot to trade options? ›

Create or clone a bot to automate your favorite stock and option trading strategies. Bots follow your trade plan and automatically send orders to TradeStation.

Which is the best tool for option trading? ›

  • Upstox. Upstox Pro, the best stock trading app, is our first pick because of its fast execution, advanced tools, and lowest brokerage fees for options trading. ...
  • Paytm Money. ...
  • Zerodha Kite. ...
  • 5paisa. ...
  • Angel One.
Jun 26, 2024

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