i like the way you are using the broker apis, that’s what they are for! for small account however the subscription costs are way too high imho, even higher than optionalpha. 112s don’t require much maintenance so probably not the best use case for an auto trading solution.
Great job. It would also be a huge help for a newbie like me if it could run through the past data over the selected period of time for a selected strategies and show the results, ofcourse past performance is not a guarantee for future results, but it might help minimise the losses or finetune the strategy selection to minimise losses. I am eagerly waiting for this feature to be available before deciding to give this platform a try!
Good Job, I understand that it helps automate your trading, but what I don't understand is how does it help in risk management, in terms of having an option to roll the positions to the next suitable date, where you still earn a credit.
It helps manage risk by checking on your trades every minute to see if any of your rules have been hit like stop losses, early management (in days), etc. You can mimic rolling by automatically reopening another position but there is no rolling feature yet.
Can I set 1st triggers 2 OCO orders. So I can sell my position in 2 different take profits while still having the same stop loss. Therefore I lose less on a loss
You can only set one take profit and one stop loss at the moment but that’s an interesting idea to have two take profits! If you become a member, I’ll consider adding it. I only add features that paying members request.
Selling options could potentially lose you tens of thousands if not more so putting a stop loss caps my losses and the hedges are able to cover the losses plus leave me with a profit. The minimum recommended is at least $5k but preferably $25k+
Abraham Lincoln once famously said: "Don't believe everything you see on the Internet". Several folks (myself included) have done studies trying to replicate tastylive's results, without success. Take their word at your own risk. Do your own due diligence. :)
In my experience tradingview can send massively delayed alerts or worse send alerts when they don't match anything. Good luck with the web-hook notifications they work for a while, but don't work very well. why did my comment get hidden? wtf
The hedge is meant to lose money. All hedges lose money, you lose money from a hedge in order to have protection in case a market crash happens. Thankfully with a 112, our profit will cover the cost of the hedge and more.
The hedge is meant to lose money. All hedges lose money, you lose money from a hedge in order to have protection in case a market crash happens. Thankfully with a 112, our profit will cover the cost of the hedge and more.
Thx Austin. have u move the interactive away from the IMP Options Trades? where is the new channel? i am following your LT-112 strategy manually due to broker not supported.
There’s no active community right now! I’m just heads down building the best auto trader around and will build a community after it launches publicly in June!
While fairly new to the AutoTrader I am excited to be a new user & I look forward to learning how to use AutoTrader to make money while I don't have to sit in front of my computer screen! Thanks Austin for developing this exciting tool! :-)
