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Guide

What is the difference between a strategy and a bot in Nyria?

A strategy holds the rules for how alerts are read and traded. A bot places that strategy's trades in one of your broker accounts, at its own budget per entry. You can deploy several bots from one strategy, each with a different account and sizing.

Official documentation

Set up a strategy and a bot

  1. 1

    Create the strategy

    Pick the alert source, the asset type, the trading behavior and the tickers.

  2. 2

    Save the alert format

    Add example alerts. They are checked before any bot can be deployed.

  3. 3

    Deploy a bot

    Pick the brokerage account it trades and the budget per entry.

  4. 4

    Choose its tickers

    A bot can trade some or all of the strategy's tickers.

  5. 5

    Add more bots if needed

    Use another broker account or another budget for each one.

What a strategy holds

  • The alert source, such as TradingView or Discord.
  • The asset type: stocks, options or crypto.
  • The trading behavior and the tickers.
  • Who can copy it: public, premium or private.

What a bot holds

  • The brokerage account it trades.
  • A budget per entry, or an exact share count where allowed.
  • Some or all of the strategy's tickers.
  • Its own Active or Paused status.

How they fit together

  • Alerts reach the strategy.
  • The strategy decides what each alert means.
  • Each bot then places the order in its own account.
  • One strategy can run many bots.

Where each setting lives

  • Alert format is a strategy setting.
  • Budget per entry is a bot setting.
  • Force market orders is the one override on a bot.
  • Pause a bot without touching the strategy.

Start on paper

  • Deploy a bot on Nyria Paper first.
  • Watch the first entries on the Logs tab.
  • A strategy can lose money.

Questions

Can one strategy run several bots?
Yes. Each bot has its own account and sizing.
Where do I set the budget per entry?
On the bot, not the strategy.
Does a bot have to trade every ticker?
No. It can trade some or all of the strategy's tickers.
Can I pause one bot only?
Yes. Each bot has its own Active or Paused status.
What does a bot override?
One thing: Force market orders.
Which one reads the alert?
The strategy. The bot places the resulting order.

Next

Try a paper bot first

No card required. Paper is free. Live trading from $15 a month.