Can you automate trading on Robinhood?

Automation needs an interface the broker supports: an API that lets a program place and cancel orders with your permission. For stocks and options, Robinhood has none that is public. Open-source libraries exist that call the endpoints Robinhood's own app uses, and they have three problems.

They are unofficial, so Robinhood can change those endpoints without notice and the script stops working, often on a day you wanted it to run. They need your username, password and two-factor code handled by code you did not write. And using them runs against Robinhood's terms, which puts the account at risk of restriction. Treat any tool that offers Robinhood automation with a login as one of these.

1. 1

   Keep Robinhood and open a second account

   Nothing has to move. Open an account at a broker that publishes an API: Charles Schwab, Tradier, tastytrade or Alpaca. Fund it with the amount the strategy will use, not the whole portfolio.

2. 2

   Decide where your alerts come from

   An alert is a message that says what to buy or sell. It can come from a TradingView chart, a Discord server or Telegram chat you run, or a script of your own that calls a webhook URL.

3. 3

   Send the alerts to a tool that holds the broker connection

   You can write that tool yourself against the broker's API, or use one that already exists. With Nyria, Schwab, Tradier and tastytrade connect through the broker's own sign-in page, and Alpaca with an API key and secret from its dashboard.

The split costs you one more account to watch, and it keeps the automated money apart from the rest. A strategy that misfires then touches only the account you funded for it.

long entry AAPL

exit AAPL long

Alerts can be plain text or JSON, with no fixed template; the alert tester shows how Nyria reads a message before it trades. The alert never sets the size. The bot does, from the budget per entry you set when you deploy it, and stocks trade in whole shares. Nyria places market and limit orders, with no stop order attached to an entry, so a position closes when an exit alert arrives or when you close it yourself.

Nyria Paper is the simulated broker built in and free on every plan, with up to 10 paper bots. Deploy the strategy there, let real alerts fire for a week or two, and read the Logs tab: every alert and every order is stamped, so you can check that each message traded what you meant and that each exit closed its entry. Paper fills pay the quoted spread and never slip, so a live account can fill at a worse price. When the paper run reads right, deploy a bot on the live account at the broker you opened.

Is there a safe unofficial Robinhood library?

Nyria cannot vouch for one and does not use any. A library works only while the endpoints it calls stay as they are, it has to handle your Robinhood login, and using it runs against Robinhood's terms.

Can Nyria trade my Robinhood account?

No. Nyria connects to Charles Schwab, Tradier, tastytrade and Alpaca, and to Nyria Paper. It does not connect to Robinhood and never asks for a Robinhood login.

What does it cost?

Paper is free. Live trading from $15 a month.