- Trendy Fly bot will not trade if your brokerage account is below $25,000.
- The Stop loss for Trendy Fly will get rejected if you do not have enough cash to close the position. The position uses $800 in buying power, but an additional $200 is added to the budget for stop loss. Not Financial Advice.
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Trading Bot Disclaimer
Trading bots are inherently risky. Features, performance, and strategy rules may change without notice as bugs are worked out and system enhancements are made. While every effort is made to ensure accuracy and reliability, trading involves risk and there is no guarantee of profit. Past performance is not indicative of future results. As this is a trading bot, occasional technical or order placement issues may occur. In such cases, you may or may not receive notifications requiring you to manually manage an open trade. It is your responsibility to monitor your account at all times an manually intervene whenever you feel necessary. Please keep in mind that trading bots are not guarantees for success, you will lose trades. Use only capital you can afford to lose, and consider consulting a qualified financial professional before trading.
Here's how to get started with Trendy Fly
Connect Your Brokerage Account
Your account must be larger than $25,000 as this bot does day trade. Your brokerage account will need to be approved for spreads trading and margin.
- Schwab: You must manually reconnect after 5:00pm EST on Fridays and before the market opens that upcoming Monday for continuous automation. Deposits take 3-7 business days to clear. Trades will be rejected until the funds have settled. You will need level 2 options "increased risk", margin, and a think or swim account attached to the Schwab account you are connecting to the bot.
- Tradier: Deposits take 3-7 business days to clear. Trades will be rejected until funds have settled. Create a Tradier account here. You will need level 3 options and a margin account.
- tastytrade: Deposits take 3-7 business days to clear. Trades will be rejected until funds have settled. Create a tastytrade account here. You will need basic margin options level or higher.
Activate Your Strategy
Trendy Fly strategies are designed to maximize trend capture while minimizing risk through smart, rules-based execution.
To activate the strategy select where it says “Add New Stock” and follow the steps on screen. You can select different trim levels of where you would like the bot to profit. The stop loss is always the same.
Trendy Fly automates trades based on high-probability set ups and Trendy's Edge indicator. Once you're in a trade, the bot will place stop losses and take profits automatically!
Please note that you may need to manually intervene. If you do not know how to manage positions manually in your brokerage account bot trading may not be for you. Not Financial Advice.