What you can trade
Stocks, options and crypto spot on a live broker, perpetuals on Nyria Paper: what each type needs in a strategy, how it is sized, and which brokers carry it.
Stocks
Configuration
- Long entries buy shares
- Long exits sell them
- Short entries sell short, which needs a margin account
- Short exits buy to cover
Position sizing
Stocks are priced per share. A $500 budget on a $50 stock buys 10 shares. Nyria orders whole shares on every broker, so the budget per entry has to cover at least one share.
Options
Contract selection
From my rules
Nyria picks each contract from the leg rules you set on the strategy. TradingView strategies must use this option.
You can set up 1 to 4 legs. Choose how each leg finds its strike:
- Delta: a target delta, such as 0.30. Nyria picks the listed contract closest to your target delta that has a live quote. If the closest one is more than 0.25 away, or no contract in range has a delta, Nyria skips the entry and orders nothing
- Target price: the contract price as the chain quotes it. Enter $2.00, not the $200 the contract costs
- Strikes from at-the-money: a number of strikes above or below the at-the-money strike
- Strikes from another leg: an offset from a reference leg, such as 5 strikes up from Leg 1
Then set the rest of the leg:
- Action: Buy (long) or Sell (short)
- Type: Call or Put
- DTE: the minimum and maximum days to expiry
Example: bull call spread
- Leg 1: Buy, Call, 0.30 delta, 7–31 DTE
- Leg 2: Sell, Call, 5 strikes up from Leg 1
This is a debit spread with defined risk.
Example: iron condor
- Leg 1: Sell, Put, $2.00 premium, 7–31 DTE
- Leg 2: Buy, Put, 5 strikes down from Leg 1
- Leg 3: Sell, Call, $2.00 premium, same expiration
- Leg 4: Buy, Call, 5 strikes up from Leg 3
This opens for a credit, with defined risk.
Example: single call
- Leg 1: Buy, Call, 0.40 delta, 14–31 DTE
The most you can lose is the premium you paid.
Provided in alert
Each alert names the strike and expiration. Use this with Discord, Telegram or your own bot, where you write the alert text yourself.
Alerts with no expiry date
On a Provided in alert strategy, a Discord or Telegram entry with no date,
such as SPY 780C, uses the nearest listed expiration.
That can be today's expiration (0DTE), even late in the day.
Alerts from any other source must name the expiration.
Position sizing
Options are priced per contract, and one contract covers 100 shares. A quoted premium of $2.00 costs $200, so a $500 budget buys 2 contracts and spends $400.
Nyria buys as many whole contracts as the budget covers. If the budget is smaller than the cost of one contract, the bot buys nothing. When a live quote is available, Nyria refuses the deploy up front.
Spread pricing
A spread trades as a single order at its net debit or credit, priced from the spread's own bid and ask, not a single leg's. A debit spread fills most readily at Ask and a credit spread at Bid (see limit order targets). Closing a credit spread costs a debit, so keep cash in the account for the exit.
A short naked option and a short stock position can each lose more than the account holds. Nyria doesn't place a stop order behind either one.
Cryptocurrency
You can trade crypto spot on a live broker, and perpetual futures on Nyria Paper.
Market type
- Spot: you own the coins
- Futures: a perpetual contract that follows the coin's price, never expires, and can be held long or short. Nyria Paper only
Pairing
Crypto strategies trade USDT or USDC pairs. For example, BTCUSDT is Bitcoin priced in Tether and BTCUSDC is Bitcoin priced in USD Coin.
When you create the strategy, you select tickers by pairing. An alert can use
a short form such as BTC or BTCUSD as long as only one selected pair
matches it. If you selected both the USDT and the USDC pair for a coin, the
alert must name the full pair.
Leverage (futures only)
Set Leverage separately under Long behavior and Short behavior, from 1x to 125x. Leaving it empty means 1x. Nyria records the leverage with each trade. A Nyria Paper bot's position size doesn't change with it. The strategy's record does: each return is the price move times the leverage, capped at -100% of the entry. If long and short leverage differ and both sides open positions, the record stays at 1x.
Position sizing
Crypto is priced per coin and trades in fractions, so any budget works. A $100 budget per entry with BTC at $64,000 buys 0.00156 BTC. The minimum budget is $1.
Exchange futures
Exchange futures can't be traded on Nyria today. They are coming soon through Tradovate. The Futures choice under a crypto strategy's Market type means crypto perpetual futures, simulated on Nyria Paper.