Frequently Asked Questions

Autoloot is an automated options trading robot that utilizes Interactive Brokers (TWS) to buy and sell stock options.

Setting up Autoloot is simple and straightforward. After your subscription is confirmed, download the executable file named autolootbot.exe and save it to a folder on your computer. Ensure you have Interactive Brokers’ Trader Workstation (TWS) installed and configured to allow API access. Then, launch the bot by double-clicking the executable, enter your subscription credentials, and follow the prompts to customize your trading parameters, such as tickers, position size, and profit/loss targets. Once set up, the bot connects to TWS and begins trading automatically, evolving and optimizing its strategy over time. All you need to do is keep TWS running and enjoy the hands-free (or, hands-on) trading experience! 

***While this is technically a hands-off bot, it is still HIGHLY ENCOURAGED that you monitor the bot to ensure Autoloot trades catering to your personal strategies (i.e. you may see Autoloot has more gains or losses than you are comfortable with for one day). 

Yes! Autoloot works seamlessly with Interactive Brokers’ paper trading environment, allowing you to test its functionality risk-free. Simply configure the API settings in Trader Workstation (TWS) to use port 7497 for paper trading, and the bot will execute simulated trades without using real funds. This is a great way to familiarize yourself with how the bot operates before deploying it in a live account. 

If the bot is disconnected due to an internet outage or if the program is closed, it will stop trading. Once connectivity is restored or the bot is relaunched, you can resume operations by restarting autolootbot.exe and re-entering your subscription credentials. The bot will pick up where it left off, resuming its strategy seamlessly as long as TWS is active and connected. 

Autoloot is built to adapt to various market conditions using its self-learning algorithm. However, while it has been tested extensively and optimized for performance, no trading system guarantees profits. It's essential to use Autoloot as a tool to complement your overall trading strategy and maintain realistic expectations about market risks. 

Autoloot is designed with safeguards to ensure responsible trading. You have full control over parameters like position size, take profit, and stop loss percentages. To maximize safety:

• Always double-check your parameter inputs.
• Review the trade logs regularly to monitor performance.
• Use the paper trading mode initially to validate the bot’s behavior.
  Additionally, the bot’s logs provide transparency into its actions, so you can understand and trust its decision-making process.

Autoloot offers full flexibility to match your trading goals and risk tolerance. You can customize:

• Take Profit Percentage: Set the exact profit level at which the bot will exit trades to lock in gains.
• Stop Loss Percentage: Define the maximum loss you’re willing to accept to protect your capital.

Additionally, Autoloot trades both upward and downward trends, identifying opportunities to buy in rising markets and sell short in declining markets. This ensures the bot can adapt to varying market conditions while allowing you to control risk and reward.

Unfortunately, no. Like all trading activities, using Autoloot carries inherent risks, and there are no guarantees of profit. The bot is designed to optimize trading performance over time and has been very successful for profiting traders, but market conditions can be unpredictable. Always trade responsibly and monitor the bot’s performance regularly.