---
title: "The Ready Steady Retire Bot Explained"
description: "A Step-by-Step Guide to Using the Ready, Steady, Retire Bot"
url: https://help.optionsautotrader.com/en/articles/92-the-ready-steady-retire-bot-explained
collection: "Strategy Database 101"
updated: 2026-05-01
language: en
---

# The Ready Steady Retire Bot Explained

A Step-by-Step Guide to Using the Ready, Steady, Retire Bot

Link: [https://app.optionsautotrader.com/create-auto-trader?strategy=Ready%20Steady%20Retire](https://app.optionsautotrader.com/create-auto-trader?strategy=Ready%20Steady%20Retire)

In this guide, you’ll learn how to use the Ready, Steady, Retire bot, a 120 DTE strategy designed for long-term, consistent options trading. The bot automates short put trades with a hedge, offering a high win rate and low volatility risk. You’ll find step-by-step instructions on setting up the bot, configuring trading parameters, managing profits, and risk, as well as best practices for paper trading before live use.

## **Step 1: Understand the Bot and Its Strategy**

-   The Ready, Steady, Retire bot is a 120 DTE (Days to Expiration) 111 strategy that involves a short put with a hedge attached.
    
-   This is a long-term, low-volatility risk strategy, ideal for consistent, profitable trading.
    

## **Step 2: Know the Backtested Performance**

-   The bot has an 83% win rate.
    
-   The average win is around $1,100, and the average loss is about $1,500.
    
-   The time in trade is about 78 days, making it a longer-term strategy.
    

## **Step 3: Use Paper Trading First**

-   Due to the bot's long-term nature, it's recommended to start with paper trading to fully understand how it works.
    
-   Even with solid backtested data, past performance is not a guarantee of future results.
    

## **Step 4: Automating the Bot**

-   To start using the bot, click "Start Using This Bot" to automate the process of entering and exiting trades.
    
-   The bot will handle the entry and exit for you once set up.
    

## **Step 5: Set the Trading Parameters**

-   The bot works on Futures (ES) or SPY depending on your account's capabilities.
    
-   Set the bot to trade every Friday, with the following parameters:
    
    -   Buy a 25 delta put.
        
    -   Sell a 10 delta put with a $25 strike offset.
        
    -   This creates a short put with a hedge for added safety.
        

## **Step 6: Set Take-Profit and Management**

-   The bot has a 50% take-profit rule.
    
-   You can set the bot to exit early at 21 DTE if desired, or let the trade run to collect more credit.
    

## **Step 7: Adjust Trade Size**

-   Define how much money you want to allocate to each trade, and the bot will handle the execution accordingly.
    

## **Step 8: Regular Monitoring**

-   Although the bot is automated, it's important to monitor your account periodically to ensure everything is functioning as expected.
    

## **Step 9: Risk Management**

-   While the bot has a high win rate, ensure you do your own due diligence and consider the risk management strategies in place, especially the long duration of the trades.  
    

**TERMS OF SERVICE:** Please be aware that continued use of the Options Auto Trader is subject to our [Terms Of Service](https://www.optionsautotrader.com/terms-of-service). If you have any questions or wish to review these terms, feel free to visit the website.