What's New in Option Alpha

Trailing Stops, Exit Option controls, Trade Ideas filters, Automation Editor upgrades and more

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Dashboard mockup

Additional updates worth mentioning...

Trailing Stops, Exit Option controls, Trade Ideas filters, Automation Editor upgrades and more

April 8, 2023

Added

  • Ability to adjust Exit Options inside of automations
  • Exit Option support for Trailing Stops
  • Exit Option ability to ignore abnormal bid/ask spread width 
  • Final day hour and minute Expiration selections for Exit Options
  • New choice for Smart Pricing Final Price: slippage from mid price 
  • Additional symbols added to Trade Ideas
  • Notes can now be added to any action in automation editor
  • New horizontal layout, color coding and collapsing for automation editor 
  • Probability Max Loss and Max Win columns for Trade Ideas
  • New filters for POP, PMP, and PML to Trade Ideas sorting
  • Ability to quickly include or exclude symbols from Trade Ideas results
  • Auto-updates to open/close position window 
  • Auto-updating to the trade screen, main bots list, positions, and bot positions
  • Decision recipe for before/after/exactly a specific calendar date MM/DD/YYYY
  • Decision recipe for detecting FOMC and CPI dates in the future
  • Status filter to Closed Positions and Trades
  • Trade Grid beta access for open testing (added group by dte and optional trade name by @xxxxx) 
  • Toggle switch to Bot dashboard for Exit Options
  • Filter by status for closed positions
  • Simplified flow to opening positions manually with smart pricing on top (watch as it moves through the prices) 
  • Updated bot dashboard, ability to toggle exit options off on in header
  • Allocation and exit options toggle added to bots list
  • Days in trade added to positions screens 
  • Action to modify position exit options from automation
  • Ability to collapse recipe groups 

Changed

  • Coloring on automation on/off toggle now darker green
  • Bot minimum allocation is now reduced to 250
  • Positions Total P/L column description now titled Open P/L
  • “Chance of Profit” renamed to “Probability of Profit” everywhere
  • Removed refresh button inside of open/close position window for auto-updates
  • Removed performance metrics from Home 
  • Performance Totals are now displayed across the top of Bots and Position pages.

Fixed

  • Fixed Day P/L consistency between bot dashboard and Positions tab
  • Fixed bot stats chart failing to save overnight
  • Fixed watchlist disappearing on Home page on bad input
  • Fixed Activity Alerts resetting after one day
  • Fixed Community guidelines being displayed twice on reply posts
  • Fixed Load More button disappearing from Bot close position sorting 
  • Fixed duplicate Trade Ideas 
  • Fixed rounding down issue when capturing profit target in exit options (e.g., 39.6% for 40%)
Learn more about these updates here: Option Alpha April 2023 Release
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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