What's New in Option Alpha

New updated platform version introducing enhanced manual trading capabilities, 1-minute position exit options, various backtester upgrades, and option payoff diagrams

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Additional updates worth mentioning...

New updated platform version introducing enhanced manual trading capabilities, 1-minute position exit options, various backtester upgrades, and option payoff diagrams

October 15, 2022

Added

  • 1-minute Exit Options for all positions
  • Manual trading interface for options & equities, featuring live options chains
  • Option P/L payoff diagrams for open positions
  • Various entry criteria decisions to backtester
  • Support for all symbol contracts, including LEAPS 
  • Email alerts for open/closed positions and custom notifications
  • New Home page with notifications and live vs. paper account sorting
  • Technical indicators: Ultimate Oscillator, StochRSI, Stoch K% and Williams %R
  • Automation actions now visible in the log
  • Open positions counter to the bot dashboard
  • Opportunity Decision for 'Mid price Between'
  • Symbol Decision for 'IV Rank Between'
  • Symbol Decision for 'VIX Between'
  • Position Decision property for 'Risk'
  • Deleted broker account(s) can now be restored by users
  • Closed Position columns reflect capital at risk and return on risk
  • Stats now available for closed positions
  • Toggle switch and warning/error notifications added to Bots page
  • Expected Range calculation for Watchlist
  • Ability to turn off or limit the number of Bot warnings

Changed

  • Raised maximum bot level tags to 20
  • Enabled bots now display 'On' instead of 'Active'
  • Automations tab now called Settings
  • Bot inputs are now held on settings page
  • Bot Limits are now held on the settings page
  • Bot dashboard now includes capital usage and total position counts
  • Trading Accounts have been moved to Settings
  • Top Navigation bar removed
  • News feature removed from Watchlist
  • Decision properties now titled Mid instead of Mark
  • Qty column removed from the bot positions tab
  • Full closed position history now available
  • Community Layout now full page view
  • Notifications now moved to Home Page
  • Custom input option removed for bot notifications
  • Maximum number of Bot buttons now set to 10
  • Daily bot stats recording moved to 4:15 PM ET
  • SmartPricing input now able to be set at greater than 100%
  • Updated risk disclosures for TOS & TD Ameritrade

Fixed

  • Watchlist Heading links not working for new trial members
  • Corrected max drawdown calculation on bot dashboard
  • Backtests unable to open in web UI
  • Issue with null symbols entering loops that caused bot errors
  • Issue with fill prices being reported incorrectly
  • Issue where closed positions still reflected in the Day P/L column
  • Issue with the 2FA button not engaging after code submission
  • Issue where the SmartPricing array would display prices out of order

Backtester Upgrades

Added:

  • VIX filter
  • Position 'price range' for pricing thresholds
  • Entry Criteria for: Symbol price is above/below value, symbol price is above MA, symbol MA vs MA, symbol technical indicator buy/sell, symbol indicator is above/below value.
  • Debit or Credit text now added to profit-taking/stop-loss fields depending on strategy type
  • Stop-loss % values expanded with new options for 125/175/225/275
  • Profit-taking values expanded with new options for 10/15/20/30/35/40/45/55/60/65/70/80/90
  • Text 'Days Before' added to expiration selections
  • Earnings now offers an exit based on 'days before'
  • Compare button to view 3 backtests together

Changed:

  • Three allocations now 1 allocation amount and 1 position size
  • Backtester creation button now present on all pages
  • Can no longer seek >100% of profit on a short strategy
  • Earnings no longer yes/no option
  • Backtest database removed all unrealistic performance results
  • All backtests now have a maximum capital allocation of 100k to match bots
Trade with Conviction
Find an edge backtesting 0DTE and next day strategies using 1 minute data then leverage automation to execute your strategy better than humanly possible.
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