Evaluating Position Underlying Symbol

The 'Position underlying symbol is symbol' decision evaluates a position's underlying symbol.

Kirk Du Plessis

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FAQs

When and why would I use this decision recipe?

If you want to target a specific ticker symbol when trading multiple symbols inside of a bot.

Can this calculation be used on stocks and options?

It can be used for stock positions and options positions.

Why is it important to use the Repeater action in a monitor?

Repeater actions cycle through all open positions. You may want to ensure every position is referenced.

Can this decision recipe be used to open a position?

You could precede an open position action with this decision recipe in a scanner automation. Typically it is used in a monitor to evaluate an open position.

Can I put a number of criteria in this same automation?

Yes, you can group and nest decision actions using "and/or" functionality.

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Comparing Underlying Symbol Price

Comparing underlying symbol price allows you to choose whether a symbol’s price is above or below a specific value before moving through the automation.

Comparing Underlying Symbol Properties

The 'Symbol volume is greater than value' decision compares underlying symbol properties to a value.

Evaluating Underlying Symbol OHLC

The 'Symbol price increased since close 1 day ago' recipe evaluates a ticker symbol's price change in dollars or percentage over a defined look back period.

Evaluating Underlying Symbol Performance

The 'Symbol price increased 2% Since 1 day ago' decision evaluates the underlying's performance over a defined time period.

Evaluating Underlying Symbol Standard Deviation

The 'Symbol price increased 2 std devs since 1 day ago' decision evaluates the underlying change in standard deviations.

Comparing Underlying Symbol Price to an Indicator

The 'Symbol price is above 30-day moving average' decision compares price to an indicator and time frame.

Comparing Multiple Underlying Symbol Indicators

The 'Symbol 50-day moving average is above 200-day moving average' decision compares multiple underlying symbol indicators.

Evaluating Underlying Symbol Implied Volatility Rank

The 'Symbol IV rank is above 70' evaluates the underlying symbol's IV rank.

Evaluating Underlying Symbol Earnings Reporting

The 'Symbol reports earnings in more than 1 market day' decision evaluates when a symbol reports earnings.

Evaluating Underlying Symbol Price Probability

The 'Symbol chance of being above price in 30 days is more than 50%' decision evaluates the probability of a symbol’s price being above or below a specific value in a certain number of days.

Evaluating Underlying Symbol Probability Within Range

The 'Symbol chance of being between low and high in 30 days is more than 50%' decision evaluates the probability of a symbol’s price being within a defined range within a certain number of days.

Evaluating Symbol Type

This 'Symbol type is stock' decision recipe evaluates whether a ticker symbol is a stock or an ETF.

Evaluating Bot Properties

The 'Bot open P/L is greater than value' decision evaluates various bot property values.

Evaluating Bot Available Capital for Opportunities

The 'Bot has available capital to open amount of opportunity at price' decision evaluates if the bot has enough capital to open a specific opportunity.

Comparing Bot Position Count to Position Type

The 'Bot has exactly 1 position with any type' decision compares the bot's active position count to a position type.

Comparing Bot Position Count to Underlying Symbol

The 'Bot has exactly 1 position with symbol' decision compares the bot's active position count to the underlying symbol.

Evaluating Bot Position Count to Position Type and Underlying Symbol

The 'Bot has exactly 1 position with any type and symbol' decision evaluates the bot's active position count to a position type and underlying symbol.

Evaluating Bot Last Position Activity

The 'Bot last opened a position more than 1 market day ago' decision evaluates when a bot last opened or closed a position.

Evaluating Bot Last Activity with Underlying Symbol

The 'Bot last opened a position with symbol more than 1 market day ago' decision evaluates the last time a bot last opened or closed a position in an underlying symbol.

Evaluating Bot Position Activity History

The 'Bot opened a position this week' decision evaluates if a bot has opened or closed a position in the last week, month, or quarter.

Evaluating Bot Position Activity History with Underlying Symbol

The 'Bot opened a position with symbol this week' decision evaluates if a bot has opened or closed a position in a specific ticker symbol during the last week, month, or quarter.

Comparing Bot Active Orders Status

The 'Bot is currently opening a position' decision checks if a bot is actively opening or closing a position.

Comparing Bot Active Orders Status with Underlying Symbol

The 'Bot is currently opening a position with symbol' decision checks if a bot is actively opening or closing a position in an underlying symbol.

Evaluating Bot Position Availability

The 'Bot can open a new position' decision evaluates if a bot can or can't open a new position based on its settings.

Evaluating Bot Tags

The 'Bot has any of these tags' decision is used to evaluate if a bot has a specific tag.

Evaluating Opportunity Availability

The 'Opportunity is available' decision references a bot's position limits to determine if it can open a new position.

Evaluating Opportunity Return Expectations

The 'Opportunity rate of return is greater than value' decision evaluates a position’s rate of return probability.

Comparing Opportunity Attributes

The 'Opportunity bid price is greater than value' decision compares opportunity attributes against a value.

Comparing Opportunity Leg Attributes

The 'Opportunity long call leg open interest is greater than value' compares specific options leg attributes.

Comparing Opportunity Bid-Ask Spread

The 'Opportunity bid-ask spread is less than $0.20' evaluates the bid/ask spread of an opportunity.

Evaluating Opportunity Probabilities

The 'Opportunity chance of profit is more than 25%' decision evaluates a position’s probability of profit to filter opportunities when adding new positions.

Evaluating Position Performance

The 'Position premium increased by 200% since it was opened' decision evaluates an option position's performance.

Comparing Profit Target to Trailing Value

The 'Position trails a 75% target by 15%' decision uses the SmartStops feature to trail a position after a target is reached.

Comparing Position Time to Expiration

The 'Position expires in less than 5 market days' decision references a position's days to expiration.

Comparing Position Duration

The 'Position has been open more than 1 market day' decision references a position’s duration from entry.

Comparing Position Properties

The 'Position return % is greater than value' decision compares position properties to a value.

Comparing Position Leg Properties

The 'Position long call leg delta is greater than value' decision compares specific options leg properties to a value.

Evaluating Position Type

The 'Position type is long call spread' decision evaluates the position's strategy type.

Evaluating Position Side

The 'Position is long' decision evaluates if a position is long or short.

Comparing Underlying Symbol Price to Position Leg

The 'Position underlying price is above long call strike' decision compares the underlying symbol's price to a position leg.

Evaluating Position Tags

The 'Position has any of these tags' decision evaluates if a position has certain tags.

Evaluating Underlying Symbol Indicator Properties

The 'Symbol 14-day indicator intraday is above value' decision evaluates a symbol's indicator properties to a value.

Comparing Multiple Underlying Symbol Indicator Properties

The 'Symbol 14-day indicator intraday is above symbol 14-day indicator 1 day ago' decision compares multiple underlying symbol indicator properties and timeframes.

Evaluating MACD Technical Indicator

The 'Symbol MACD above signal line intraday' evaluates a symbol's MACD values using SMA or EMA.

Comparing Bollinger Bands to Symbol Price

The 'Symbol price above BBANDS lower band intraday' decision compares the Bollinger Bands indicator to a symbol's price.

Evaluating Stochastic Technical Indicator

The 'Symbol STOCH above value intraday' decision evaluates the underlying symbols Stochastic indicator value.

Comparing VIX Properties

The 'VIX is above 20' decision references the VIX's value.

Evaluating Market Time of the Day

The 'Current market time is before 10:00am' decision evaluates the time of day.

Evaluating Days of the Week

The 'Today is Monday' decision recipe evaluates the day of the week.

Evaluating Bot Switches

The 'Switch is turned on' decision evaluates a bot switch.