Link: https://app.optionsautotrader.com/create-auto-trader?strategy=KissBot
This guide provides a detailed walkthrough of the KISS bot, a pre-built trading bot in the Options Auto Trader platform. You'll learn about its strategy, key metrics, setup process, automation features, and risk management tips.
The KISS bot is a pre-built trading bot available in the Options Autotrader platform.
It is categorized under the "Starter Bot" section and other relevant categories for easy access.
Win Rate: 99%
Average Win Amount: $622
Average Loss Amount: $3,000 (high, but losses are rare).
Average Trade Duration: 16 days.
Note: These metrics are based on back tests using Option Omega. Past performance does not guarantee future results.
The KISS bot follows a put-selling strategy on futures.
Trades are placed at levels approximately 10-15% below the current market price.
Profit Target: $25
Trade Close Timeline: 21 days or earlier.
Focuses on SPY (S&P 500 ETF), which tends to trend upwards, leading to a high win rate.
Duration: 90 DTE (Days to Expiration).
Strike Price: 10 Delta (far out-of-the-money).
This setup provides a longer-term trade with a significant buffer from the current market price.
To automate this strategy:
Click on Start Using This Bot within the Options Autotrader platform.
Configure the rules, including a profit target of $25 and allocation limits.
Set a limit on the amount of money to allocate for trades.
Be cautious of risks during market downturns (red days).
Limit KISS bot trades to no more than 30% of your account to mitigate risk.
Understand that while open profit and loss (P&L) may fluctuate, the strategy relies on long-term outcomes.
Analyze back-test results available in the platform for deeper insights.
Note: These results provide historical performance but do not promise similar future outcomes.
The KISS bot is suitable for traders seeking a consistent, long-term strategy.
Use this bot as part of a diversified trading approach to balance potential risks and rewards.
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.
