In the latest platform update, we added two new decision recipes that evaluate a ticker symbol’s open, high, low, and close.
Our traders asked for these features, and we’re excited to introduce them to the Option Alpha Community. The new decision recipes give you added functionality, flexibility, and more detailed opportunity filters in your automations.
The two new recipes evaluate a symbol's open, high, low, or close relative to a defined look-back period to help decision-making when entering or exiting positions inside your bots.
The first new decision recipe evaluates if a symbol’s price increased or decreased by a specific percentage.
The second decision recipe evaluates if a symbol’s price increased or decreased by a specific dollar amount.
You can use each recipe in conjunction with one another, by themselves, or with other decisions inside your automations.
For example, you can check if SPY increased 1% since the close one market day ago.
You can easily change the recipe to evaluate if SPY’s price has increased any percentage since the open, high, low, or close for a particular day, week, month, or year.
Remember, you can always test the logic of any automation.
For example, you can see that this particular decision would go down the ‘No’ path because SPY’s price decreased by 0.15% from the close three market days ago.
If you want to change the amount or date range, you can simply click on the decision block inside the automation editor and change any of the variable fields.
You can add these straightforward decision recipes to any automation right inside a bot.
Start a FREE 30-day trial and explore how traders in the Community are using these new decision recipes in their bots.