What is the minimum amount I can trade with?
Roger needs at least enough for 100 shares. For example, let's say you choose HBI trading at $10.50. Then you need to give the robot at least $1,050 in buying power so that it can sell 1 put option. In this minimum case, the robot will likely submit an order once every few weeks.
Which brokerages are supported?
- Tradier Brokerage
- TD Ameritrade
- TradeStation Seeking final approval
- Interactive Brokers - In discussion
- Schwab - Will apply after TD API is migrated
- ETrade - On the wait list for when API is migrated to Morgan Stanley
Does Tiblio AI day trade?
No. Roger primarily sells options, waits for assignments, and sells more options.
Will this trigger PDT on my account?
No. Generally speaking, Roger will not open and close positions on the same equity on the same day, it could theoretically happen though, especially if you change settings midday so it is something you should monitor through your trading platform.
Can I trade alongside the robot in the same account?
Yes Roger trades alongside you. You can both trade in the same account and you can restrict the robot to trading only a portion of the account by restricting buying power. Some things can happen like if you have the robot configured to cancel open orders, then periodically it may cancel an order that you entered that took too long to execute. Another scenario that can happen is if you close a position that the bot manages, it might re-open the position.
For what options level do I need approval?
You will need option level 2 approval. Roger will only submit single leg option orders. These will be done as covered calls and cash-secured puts.
What equities is the bot able to invest in?
Roger sells options on Stocks and ETFs. We have not tested and do not support more obscure equities such as Futures contracts and options on futures contracts.
How often does the robot trade?
Roger checks your account multiple times per day. The exact schedule for your robot will vary but it will check the market, your account and decide if it should take any actions at least twice per hour during regular market hours.