Robinhood

Robinhood is a popular broker that supports trading stocks. Build automated trading strategies using TradersPost on top of your Robinhood account.

Contact Information

Email: [email protected]

Phone: +1 (888) 275-8523

Supported Asset Classes

  • Stocks

Run a stock strategy on Robinhood

If your strategy trades US stocks and the money sits at Robinhood, TradersPost can place the orders for you, including in a Traditional or Roth IRA. Here is what that looks like in practice, and where Robinhood changes the rules.

IRAs and side swapping

  • You send: An IRA account

    At Robinhood: Shows up in the account list you choose from when you connect, so a retirement account can run a strategy the same way a brokerage account does

    Supported

  • You send: A signal for the opposite side

    At Robinhood: Closes the position you hold and stops flat

    Default

  • You send: Allow side swapping, an advanced setting

    At Robinhood: Closes the position and opens the opposite one

    Setting

Exits are separate signals

  • You send: A bracket, one-triggers-other or one-cancels-other order

    At Robinhood: Not accepted through this integration

    Not accepted

  • You send: A take profit and a stop loss on an entry

    At Robinhood: Cannot be attached to the entry

    Separate

    Send the entry first, then send a separate signal later to exit for take profit or stop loss. Each exit is its own order and is not linked to the others.

  • You send: A trailing stop on a long entry, long exit or buy-to-cover exit

    At Robinhood: Works, as a percent or a dollar trail

    Supported

    Set it in the strategy subscription or send it in the signal.

Shorting has tighter rules

  • You send: A sell signal

    At Robinhood: Opens a short

    Supported

  • You send: A buy signal on a short

    At Robinhood: Covers it

    Supported

  • You send: A short that breaks a rule below

    At Robinhood: Fails with an unsupported order type message instead of sending an invalid order to Robinhood

    Fails

A Robinhood short must meet every rule

3 of 4 met

  • Met: Order type is market or limit

    Limit

  • Not met: Time in force is Day

    GTC

    Fix: Send the short entry with Day time in force.

  • Met: No stop or trailing stop on the entry

    None

  • Met: Not a fractional quantity

    10 shares

This short will fail with an unsupported order type message.

What Robinhood supports

Order types and features by asset class, as TradersPost sends them to Robinhood.

What Robinhood supports
Capability Stocks Long and short
Order types
Market orders Yes
Limit orders Yes
Stop orders Yes
Stop-limit orders Yes
Trailing stops Yes
Time in force
Day Yes
Good till canceled Yes
Immediate or cancel Yes
Fill or kill No
At the open Yes
At the close No
Attached exits
Bracket orders No
OCO orders No
OTO orders No
Trailing stop attached No
Direction and size
Short selling Yes
Fractional quantity Yes
  • Take profit and stop loss cannot be attached to the entry. Send them as separate signals after the entry.

Robinhood: 2 things that work differently

  • Sizing Fractional stock orders have rules of their own

    A fractional stock order must be a day order, long only, with no take profit or stop loss attached. Robinhood accepts up to 6 decimal places.

  • Orders Market orders cannot be good till canceled

    Robinhood does not accept GTC on market orders, so they go out as Day orders.

Short Selling

Short order type limits

Robinhood only allows Market and Limit order types for short sales. Stop, stop-limit, and trailing stop orders are not available when opening a short position.

  • Short entries (Sell Short) — Market or Limit only
  • Long entries and exits, and buy-to-cover exits — Market, Limit, Stop, Stop Limit, and Trailing Stop

Robinhood Retirement (IRA) Support

As of August 12, 2024, TradersPost now fully supports the Traditional and Roth IRA accounts provided by Robinhood. When connecting your Robinhood account, you will now see your IRA accounts available as a selection.

Crypto & Options Support

While Robinhood does support crypto and options, TradersPost has not integrated it with our platform yet but we plan to in the future.

Limitations

  • Robinhood does not support bracket, OTO, or OCO order classes. Take profit and stop loss exits are submitted as separate simple orders, not attached as a bracket to the entry. See Order Classes.
  • Market orders cannot use GTC time in force.
  • Fractional share orders cannot be short. See Fractional Shares.

Robinhood automation questions

Does TradersPost automate Robinhood options or crypto?
No. The current Robinhood connection sends stocks only. Crypto and options on Robinhood are not integrated.
Can I paper trade Robinhood through TradersPost?
No. Robinhood has no paper mode on this connection. Test with TradersPost paper or another paper-capable broker, then subscribe Robinhood when you are ready to send live stock orders.