Automated options strategy trader for Interactive Brokers — scans and executes defined options setups with risk controls
Last updated Jul 1, 2026
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README
Options Trading Algorithm
This repository implements a strategy based on 5-minute stock price candles, executing options orders via Interactive Brokers TWS.
Features
- Ignores the first 15 minutes of trading
- Trades only between 07:45 and 10:00 MST
- Identifies a trigger candle and confirms entry on a wick-break pattern
- Positions sized to \$10,000 per trade in next-day expiration options < \$1 OTM
- Take profit at 10% (sell 90%), hold 10% until EOD or 10% SL
- IB TWS integration with clean code and basic logging
Requirements
- Python 3.8+
ib_insync,pandas,pytz,schedule
Installation
pip install ib_insync pandas pytz scheduleConfiguration
Edit theCONFIG section in strategy.py for symbol and IB connection parameters.
Usage
python strategy.pyOutput
Trigger found at: 2025-04-21 07:20:00+00:00
Contract sizing tests: Price = 2.5 → Contracts = 40 Price = 0 → Contracts = 0 Price = -1 → Contracts = 0
