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.

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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

Which is the best trading bot for option trading? ›

SpeedBot provides a user-friendly interface and the most advanced Algo Trading features. Create Option strategies and backtest option strategies with accuracy and efficiency.

Are options trading bots profitable? ›

The profitability of a trading bot depends on various factors, such as market conditions, the bot's strategy, and the trader's risk appetite. In a bullish market, where prices are consistently rising, trading bots can generate impressive profits by executing trades at the right time.

Is Option Alpha any good? ›

Option Alpha Review: Is Option Alpha Legit? The Bottom Line: Option Alpha is a legit service, and it can provide a ton of value to options traders. The platform offers plenty of well-produced educational materials, as well as powerful automation features. But there is a catch.

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.

Is there an AI for options trading? ›

- AI algorithms evaluate various options strategies (e.g., covered calls, straddles) based on historical performance and market conditions. - Traders can use these insights to select the most suitable strategy for their investment goals.

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.

What is the success rate of trading bots? ›

In trading, success rates of 50-60% for long-term trading systems and 70-80% for intraday trading systems are considered to be good values. However, some Forex trading robots on the market claim a success rate of 95% or even higher, in which case you should be wary, because: it could be a marketing gimmick.

How much do day trading bots make? ›

In most cases, a daily return of 0.1% to 0.4% is more indicative of a bot that is performing as intended. Though seemingly little, when compound interest is considered, this can result in yearly earnings of several hundred percent.

Can options make you millionaire? ›

You might very well have the patience and diligence to get rich with options. It will probably take you years to accomplish, but with dedication and effort it is entirely possible to make a lot of money with options on top of your long-term investing.

What is the alternative to Option Alpha? ›

Option Alpha's competitors and similar companies include Meliuz, Fi, EQi and Marquee Equity.

How does options alpha work? ›

You can set up your bots to make all the decisions and take all the appropriate actions for scanning and management right inside of Option Alpha. Then, when it comes time to send the order for a new trade, we just submit the order request to your broker who places the order and tries to fill the trade on your behalf.

Which is better benzinga or Seeking Alpha? ›

In general: Benzinga Pro is better for momentum traders, day traders, and those who value fast access to news. Seeking Alpha is better for long-term fundamental investors, value investors, dividend investors.

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.

Can a trading bot make you a millionaire? ›

Misconception: Some believe that using trading bots guarantees instant wealth. Reality: Success requires time, strategy, and understanding market dynamics.

Do AI trading bots really work? ›

Crypto trading bots can be an excellent tool for experienced traders looking to execute automated trading strategies. However, they are not plug-and-play money-making machines. To successfully trade using a bot, you will have to have it execute a trading strategy that you have thoroughly backtested.

What is the most profitable way to trade options? ›

1. Selling Covered Calls – The Best Options Trading Strategy Overall. The What: Selling a covered call obligates you to sell 100 shares of the stock at the designated strike price on or before the expiration date. For taking on this obligation, you will be paid a premium.

Who is the best options trader to follow? ›

Comparing the Best Options Trading Platforms
BrokerOverall Star RatingMax Options Legs
Interactive Brokers4.2 4.2 4.26 6 6
E*TRADE4.1 4.1 4.14 4 4
tastyworks3.9 3.9 3.94 4 4
Webull3.0 3.0 3.04 4 4

Do professional traders use bots? ›

In conclusion, bot trading is prevalent among professional traders, offering numerous benefits such as efficiency, speed, and risk management. Professional traders leverage automated systems to enhance market analysis, diversify trading strategies, and execute trades with precision.

What is an options bot? ›

An Option Trading Bot, also known as an automated options trading system or an options trading robot, is a software program designed to execute options trading strategies automatically.

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