What's New in Option Alpha

New Strategy Insights in the backtester, automated portfolios, ORB decisions, and more

Strategy "Insights" in the backtester

Backtest Insights provide actionable information about your strategy and results. Spot potential issues and concerns without having to dig through the data.

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Combine up to 7 backtests into a single portfolio (and bot)

In order to enable more advanced portfolio based trading, we've increased the number of backtests you can combine to 7.

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Day of week breakdown when viewing a backtest

No need to rerun backtests to analyze results for specific days.

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Name backtests when generating a bot from combined backtests

Creates scanners and position tags based on the backtest names you define.

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Several new features to make it easier to work with saved backtests

Quickly select from existing saved backtest names, update existing saved backtests after editing, backtest name is displayed in the header when viewing saved backtests. You can also edit the name directly by clicking on it, and quickly switch to other saved backtests.

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"Replace variation" on the compare and combine screen

Swap in a new variation in place of an existing test.

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Additional updates worth mentioning...

  • Generating backtest to bot remembers previous selected options
  • Shortcut to adjust backtest time periods for multiple backtests
  • P/L chart and tooltips adjust when selecting an individual test
  • New recipes to test ORB prices and opening range width in backtester and bots
  • Added days to max drawdowns analysis in backtester and bots
  • See source backtest when viewing a combined position list
  • Added additional days options to the Expiration exit option
  • Upgraded Community html editor
  • New Time Periods in Top Bot Templates including 7, 14 and 30 days

New Strategy Insights in the backtester, automated portfolios, ORB decisions, and more

August 5, 2026

Trade with a Plan

Your Blueprint For Trading Success
1. Create a Plan
Define the entry and exit rules for your strategy
2. Test & Optimize
Backtest variations of your plan to find what works best
3. Automate the Plan
Trade consistently without screen time or emotions