Strategies

Strategies are the blueprint for your automated trading. They define what alerts to listen for, how to interpret them, and how to execute trades based on your rules.

What is a Strategy?

A strategy is a configuration that:

• Connects to an alert source (TradingView, Discord, Custom API, etc.)
• Defines which equity type to trade (stocks, options, crypto, futures)
• Sets trading behavior (which directions to trade, order types)
• Specifies allowed instruments
• Configures option selection parameters (for options strategies)

Once created and validated, other users can copy your strategy with their own bots.

Creating a Strategy

Step 1: Strategy Details

Choose your strategy name, alert source, and visibility:

• Name - A descriptive name for your strategy
• Public URL - Unique slug for accessing your strategy (e.g., my-spy-strategy)
• Alert Source - Where alerts come from (TradingView, Discord, TrendSpider, Custom, Broker Orders)
• Visibility - Public (anyone can copy), Private (invite only), or Paywall (Whop subscribers)

Step 2: Strategy Parameters

Equity Type

Select what you'll be trading:

• Stocks - Equities on major exchanges
• Options - Stock options (single legs or spreads up to 4 legs)
• Cryptocurrency - Spot or perpetual futures
• Futures - Commodity and index futures

Trading Behavior

For each direction (LONG and SHORT), configure:

Entry Behavior:

• Enter Direction - Place entries in this direction
• Exit Opposite - Use this direction's entry alerts to exit the opposite direction
• Do Nothing - Ignore entry alerts for this direction

Exit Behavior:

• Enabled - Allow exit alerts for this direction
• Disabled - Ignore exit alerts (position remains open)

Order Types:

Each entry and exit can use:

• Market Orders - Execute immediately at current market price
• Limit Orders - Execute only at specified price or better

For limit orders, choose your price target:

• Bid - Most competitive for credit spreads/short entries
• Ask - Most competitive for debit spreads/long entries
• Mid - Middle of bid-ask spread
• Custom - Fixed price you specify
• Alert Specified - Price must be included in each alert

Step 3: Option Selection (Options Strategies Only)

Options strategies require additional configuration for selecting strikes.

Selection Type

• Internal Selection - Nyria selects options based on your parameters
• External Selection - Alerts must specify exact strikes and expirations

Building Spreads

For internal selection, configure each leg (up to 4 legs):

Target Type:

• Delta - Select by option delta (e.g., 0.30 delta)
• Price - Select by premium price (e.g., $2.00)
• Offset - Relative to another leg (e.g., 5 strikes up from Leg 1)

Action:

• Buy - Long the option (pay premium)
• Sell - Short the option (receive premium)

Side:

• Call - Call option
• Put - Put option

DTE Range:

• Minimum and maximum days to expiration for option selection

Example: Bull Call Spread

• Leg 1: Buy, Call, 0.30 delta, 7-45 DTE
• Leg 2: Sell, Call, 5 strikes up from Leg 1

Step 4: Allowed Instruments

Select which instruments this strategy can trade. This is required for regulatory compliance and user consent.

• All Mode - Trade all available instruments (with optional exclusions)
• Custom Mode - Select specific instruments only

For crypto strategies, filter by pairing (USDT or USDC) to match your preferred quote currency.

Step 5: Access Control

Choose who can access your strategy:

• Public - Anyone can discover and copy
• Private - Invite-only via share links
• Paywall - Requires Whop subscription (requires Whop seller integration)

For paywalled strategies, link your Whop products to grant automatic access to subscribers.

Step 6: Alert Validation

Before your strategy goes live, validate your alert formats:

1. Provide example alerts for each enabled trade type
2. System validates it can parse required details
3. Simulates full trade lifecycle (entry → exit)
4. Strategy activates once validation passes

Strategy Settings

Multiple Entries

Control whether multiple entries can be opened simultaneously:

• Disabled - Only one position at a time (entry → exit → entry)
• Enabled - Multiple entries allowed (pyramiding)

Discord Configuration

For Discord strategies:

• Server - Select which Discord server to monitor
• Channel - Which channel contains alerts
• Author - Filter alerts by specific user (optional)
• Keyword - Filter alerts containing specific text (optional)

Crypto Configuration

For crypto strategies:

• Type - Spot or Perpetual Futures
• Long Leverage - Leverage for long positions (futures only)
• Short Leverage - Leverage for short positions (futures only)

Privacy & Sharing

Public Strategies

Public strategies appear in the strategy marketplace. Anyone can:

• View strategy details
• See performance stats
• Deploy their own bot to copy it

Private Strategies

Create shareable links with:

• View Access - See strategy details only
• Edit Access - Modify strategy configuration
• Expiration - Set link expiry time
• Max Uses - Limit number of redemptions

Paywalled Strategies

Require Whop subscription for access. Subscribers automatically gain view access and can deploy bots.

Learn more about Whop monetization →

Next Steps

• Deploy Your First Bot
• Configure Equity Types
• Alert Sources