Controlling Slippage with Bid/Ask Spread Waterfalls

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Bid-ask spread volatility occurs in even the most liquid tickers. It can be difficult - and costly - for traders to avoid wide bid-ask spreads when trading manually. With Option Alpha's autotrading platform, there are multiple solutions to help control slippage when entering and exiting positions.

In this workshop, we'll show you how to use our proprietary SmartPricing technology to adjust final price settings for varying bid-ask spread widths. Your monitor automation will work through multiple steps to ensure minimal slippage and only exit a position if it fits your specific pricing criteria.

We shared a template so you can easily add this technique to your existing bots (we even show you how in the workshop)!

If you're not an Option Alpha member and want to access the Community template, sign up for a free 30-day trial.

Transcript

The text is the output of AI-based and/or outsourced transcribing from the audio and/or video recording. Although the transcription is largely accurate, in some cases, it is incomplete or inaccurate due to inaudible passages or transcription errors and should not be treated as an authoritative record. This transcript is provided for educational purposes only. Nothing that you read here constitutes investment advice or should be construed as a recommendation to make any specific investment decision. Any views expressed are solely those of the speaker and should not be relied upon to make decisions.

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Kirk Du Plessis

Last updated:

Sep 14, 2022

Originally published:

Sep 8, 2022

Automated Trading

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