You no longer need to rely on 'hope' as your trading strategy. Now you can backtest using multiple criteria to see if a strategy really works across different tickers, timeframes, and settings. This 4-part video guide will show you how to use the backtester to reinforce your ideas with historical data and performance history.
Backtesting options strategies give you the confidence you need to trade with data and results. Backtests give you insight into a strategy's historical performance and provides a baseline when trying different variables. Let's face it: your money is important, and you should be empowered with the information that matters before trading.
Guides are designed to help you better understand how to use Option Alpha to accomplish your trading goals.
Yes. If you trade or invest, automation can be a tool to help you be more efficient. You can run fully automated strategies or partial (hybrid) autotrading strategies if you want. However, you choose to use automation, it can help remove emotions and become more systematic with your trading.
Of course! Click here to start a free 30-day trial.
Yes, every pricing plan offered includes access to the backtester.
You can backtest all options strategies available for automated trading, including single-leg long options, multi-leg long and short vertical spreads, iron condors and iron butterflies.
You bet. You can compare up to three backtests simultaneously to see how they perform relative to each other. You can even compare different strategies, ticker symbols, and allocations.
You can create a bot from any backtest instantly. All of the backtest's settings are transferred to the bot automatically.
You can find more introductory material, as well as video tutorials and a help center, in our autotrading resources.
Yep. We believe automated trading can help all traders. If you're new to options trading, we have free education courses to help you every step of the way and inside the platform you can always paper trade any strategies or ideas first so you can learn how autotrading works before putting your live capital at risk.
No, you can trade stocks as well as options inside the platform!
You can automate many different option strategies with Option Alpha. All strategies can benefit from automation to help avoid mistakes and limit emotional decision making. Ultimately the success of your trading is determined by the strategy you choose to run. Automated trading doesn't mean that it will take a bad strategy and make it better; rather, automated trading will magnify the performance of bad or good trading strategies.
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