Automate your strategy today!
Already Have a strategy?
If you already have a strategy you trade, you can get this strategy automated. If you would like to add additional data points to your already existing strategy to make it even better that can be done as well.
Don’t Have a Strategy Yet?
If you would like help planning a strategy, upon purchasing AlgoBull Custom you’ll be ptompted to schedule a call with the AlgoBull team to get a strategy designed that works for you.
Examples of strategies you can automate
Covered Call Strategy:
A covered call strategy involves the bot initially buying shares of a stock and simultaneously selling call options on that stock. This strategy generates income for the investor in the form of the premium received from selling the call options. However, it also limits the potential upside profit if the stock's price rises significantly, as the investor is obligated to sell the shares at the strike price of the call option. Additional rules can be added onto this to get around the capped gain, such as buying an option when the max gain is being approached.
Momentum Trading:
Momentum strategies look for assets that are exhibiting strong upward or downward momentum and try to capitalize on those trends. Indicators often times technical indicators Moving Averages or Relative Strength Index (RSI) to identify potential entry and exit points. An algorithm can be built to incorporate the Moving averages and relative strength metrics and once they reach bullish levels as set by the trader, the bot will execute. The trader would also set sell levels for these indicators as well.
Range Trading:
Range trading involves identifying price ranges or channels within which an asset is trading and aim to profit from buying near the support level and selling near the resistance level. This can be done in an algorthim by finding the ranges on stocks and then setting rules to execute the trade once it gets near the support level and sell once it reaches the resistance level.