Bots

Overview

Whispertrades is a configurable and fully-automated trading platform designed for options traders. You configure your own options trading strategies on our website, and our platform will execute those trades for you. You can monitor and control everything via the Whispertrades website, and it requires no software or technical knowledge from you!

Whispertrades is not a registered brokerage firm or investment/financial advisor. Whispertrades does not manage or hold your money, and we do not make or advise financial decisions on your behalf. We provide a platform to connect to your existing brokerage account, after which you define trading strategies for Whispertrades to execute for you.

How it Works

After creating your Whispertrades account, you'll connect your Whispertrades account to one of our supported brokerages using a login form from your broker. Once your broker verifies your login, a connection is established between the broker and Whispertrades that allows Whispertrades to execute trades through your brokerage account, but only as you define.

Whispertrades will monitor options chains and positions for you and put trades on and off based on your criteria. This is a hands-off approach for you, but you'll also have full visibility of what the bot is doing along the way.

How Bots Run

Whispertrades bots run throughout the day to monitor new and closed positions. While a bot is enabled, it will enter, manage, and exit positions as outlined by the bot settings.

Once a position is open, the bot will monitor that position for any designated profit targets, stop losses, timed exits, or other adjustments.

Each bot can be set up to enter one position at a time back to back (sequentially), or they can ladder into positions daily or weekly. There are many filters and entry criteria that you can define so that your bot only opens new positions when certain market conditions are present.

Rinse and repeat! Your bots will automatically enter and exit positions based on your own criteria, and you'll have access to real-time performance stats and historical reports for excellent tracking and visibility.

Manual Bot Position and Order Adjustments

If you ever need to change these positions or orders, you should always do so from your Whispertrades account. Manually adjusting orders from your brokerage account can have undesirable side effects. Let the bots work for you!



Updated 02 May 2024
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