How To Create An Auto Trader

The objective of this guide is to assist you on how to create an auto trader and understand the different fields and inputs involved in structuring an auto trader.

Key Steps:

1. Go to the "Auto Trader" tab and click on "Create New Auto Trader".
2. Select the desired account to tie the auto trader to. If a new account is needed, click on "Connect Another Account".
3. Choose a strategy from the strategy database or create a new auto trader from scratch.
4. Select the asset to trade (e.g., MES Futures).
5. Determine the number of days until expiration for the trades.
6. Specify the structure of the auto trader (e.g., 1-1-2).
7. Adjust the quantity and delta for the trades.
8. Set the entry details, such as trade frequency (every day, week, two weeks, or month) and session preference (morning, lunch, afternoon).
9. Consider advanced settings, such as entering on a red day or setting minimum required credit per trade.
10. Enable trading view webhooks if needed.
11. Configure the management details, including take profit percentage, stop loss percentage, and early management in days.
12. Utilize the special feature of converting the 112 strategy into a hedge if desired.
13. Set the buying power allocation to determine how much money the auto trader can use.
14. Specify the maximum number of positions allowed at once.
15. Decide whether to enable the market crash safeguard feature.
16. Review the strategy overview to ensure all settings are correct.
17. Evaluate the approximate returns and win percentage.
18. Save and finalize the auto trader setup.

Cautionary Notes:

• Ensure that the selected strategy is suitable and aligned with the desired trading goals.
• Double-check all inputs and settings to avoid errors or unintended consequences.
• Consider the risks associated with trading and make informed decisions accordingly.
• Regularly monitor and review the performance of the auto trader to make necessary adjustments.

Tips for Efficiency:

• Familiarize yourself with the different strategies available in the strategy database to expedite the selection process.
• Use the copy feature to replicate an existing auto trader with similar settings, saving time and effort.
• Keep track of the performance metrics of each auto trader to identify successful strategies and make informed decisions for future trades.
• Seek assistance from the chat box or reach out for support if you have any questions or need guidance.

TERMS OF SERVICE: Please be aware that continued use of the Options Auto Trader is subject to our Terms Of Service. If you have any questions or wish to review these terms, feel free to visit the website.