Option Alpha Docs
  • Intro to Option Alpha
  • TOOLS
    • Bots
      • Creating a Bot
      • Safeguards
      • Automation Basics
      • Using Loops
      • Decisions
      • Automated Trades
      • SmartPricing
      • Exit Options
      • Using Tags
      • Using Inputs
      • Automation Scheduling
      • Bot Logs
      • Templates and Cloning
      • Managing Positions
      • Autotrading Best Practices
    • Trade Ideas
      • Manual Trading
    • 0DTE Oracle
    • Earnings Edge
    • Settings
      • Webhooks
      • Live Trading
        • Connecting to Tradier
        • Connecting to tastytrade
        • Connecting to TradeStation
        • Connecting to Schwab
  • PLATFORM
    • Infrastructure & Security
    • Automations
      • Automation Behavior
    • Data Feeds
    • Order Handling
    • Bot Limitations
    • Supported Ticker Symbols
      • Supported Browsers
      • Supported Countries
    • Ex Dividend & Earnings Dates
    • Troubleshooting
      • Testing Automations
      • Broker Rejection Errors
        • Invalid Authorization
        • Overlapping Strikes Failsafe
        • Duplicate Orders Error
      • Capital Warnings
      • Position Limit Warnings
      • Trade Enforcements
      • Pricing Anomaly Warning
      • Missing or Invalid Input
      • Daily Symbol Limit Error
      • Excessive Errors Failsafe
      • Bot Event Loops
      • Option & Expiration Availability
  • Calculations
    • Profit and Loss
    • Decision Properties
    • Decision Calculations
    • Parameter Selection
    • Probability
      • Probability Theory
      • Understanding Alpha and Expected Value
    • Indicators
      • ADX
      • ATR
      • BOLLINGER BANDS
      • BOP
      • CCI
      • CMO
      • DX
      • EMA
      • KAMA
      • MACD
      • MFI
      • MOM
      • ROC
      • RSI
      • SMA
      • STOCH
      • Stoch RSI
      • TRIMA
      • ULTIMATE OSCILLATOR
      • WILLIAMS %R
  • Resources
    • 'Fast Track' Video Series
    • Live & On-Demand Events
    • Videos
    • Education
    • Blog
    • Podcast
Powered by GitBook
On this page
  • Daily position limit
  • Total position limit

Was this helpful?

  1. PLATFORM
  2. Troubleshooting

Position Limit Warnings

Position limit warnings occur when you reach the maximum allowable positions for a bot or the trading day.

PreviousCapital WarningsNextTrade Enforcements

Last updated 6 months ago

Was this helpful?

Bots have safeguards and limits that alert you when an automation encounters a warning. Daily and total position limits prevent overtrading by limiting the max number of positions a bot can have open at one time and in a single trading day.

Daily position limit

The daily position limit is the number of positions a bot can open in a single trading day. The “daily position limit” warning occurs when a bot attempts to add a position that exceeds the number of new positions allowed.

Total position limit

The total position limit is the max open positions a bot can have at one time. The “total position limit” warning occurs when a bot attempts to add a position that exceeds the maximum number of positions allowed for the bot.

There is no limit on closing positions. Once a daily position limit is reached, the bot won't open new positions unless you edit the safeguards. If a bot is at its max position limit and closes a position, new room becomes available to add a new position, assuming the daily position limit has not been hit.

You can always edit your bot's position settings in the Safeguards section of the Settings tab.