Automation FAQ

Frequently asked questions for the automation platform

I want to tell what happened with a trade. Is there a way for me to see what the automation platform did or did not do? How can I get more information?

Yes, you can answer most questions with the Activity Log. You can select the "Include Debug" at the bottom of the panel and get additional information, such as entry filters that were met or not met. This can also provide more information about fills, error messages, etc.

Is there an easy to way to compare a backtest and a strategy?

Yes, if you are looking at a strategy, clicking on the lightbulb will bring up the backtest that you used to create the strategy.

Note, that if you change a backtest or strategy after creating a strategy from a backtest, the other item will NOT also change. I.E. If you used a 10:01 entry time on a backtest and created a strategy with it, then changed to 10:02 at a later date on the strategy, the backtest will remain at 10:01.

What happens to a backtest when I want to change a strategy?

The user can create a strategy two ways: from scratch, or using one of their own saved backtests. If a strategy is created from a backtest, the backtest will auto-fill conditions in the strategy. After the strategy is created, a change to the strategy will only impact the strategy. A change to the backtest after that will only impact the backtest.

What brokers are supported?

Tradier and tastytrade are supported. All symbols on OO are available in all brokers.

One login per broker is permitted. There is no limit on accounts in a single login.

When the automation platform is active/trading, can I login to the broker at the same time?

We use a cloud based system for the automation platform. You can login to your broker(s), the automation platform (at optionomega.com), both or neither.

Does the automation platform support delta exits? What about underlying exit when tested? What about short leg ratios? Can I set profit actions?

Yes, these all supported. They are checked at 1-minute intervals, like in the backtests.

Is there a way to alert me?

You can configure email alerts in Settings⇒ Trading.

Additionally, the platform will display an error message (yellow triangle). When you click on it, it will give more details. Note, the platform will alert each minute that a conditions exits during a multipe minute entry. If the user has configured one of the entry time choices to allow for multiple minutes, it is possible for the software to send an alert, and then later enter the trade per the user's parameter. The alert is designed to alert for that minute.

Brokerage error

When does the automation platform start?

Like the backtester, the platform will begin automations at 9:32.

Note: if you have a resting GTC order at the broker, on a multi-day trade these will remain open (i.e. at 9:30/9:31 these will be open).

What happens to a live trade if I adjust a strategy while it's on?

The live trade will continue based on the original parameters. Note there is an option to "Edit Exit Conditions", which is a choice to change a live trade, but not a strategy. More information here.

What if I have an existing position on and the automation tries to put on a conflicting position?

The automation platform's default behavior skips the trade if a conflicting position is detected. There is an option to "Move Conflicted Strikes" for the user to enable. If this option is selected by the user, the platform will move any conflicted strikes to the nearest available strikes based upon the strike selection criteria. If the user has selected the green padlock (use exact strike offset), the offset strikes will move in tandem.

In the main automation screen, I have an active strategy that has a negative in front of the percentage, but it's green, why?

This can happen when you have partial exits. If the user has partially exited a live strategy, the user will see the open position percentage (which could be positive or negative), along with green or red (indicating overall profit and loss). It's totally possible to have a red strategy with a currently positive open position, or a green strategy with a currently negative open position.

I want to switch from annual to monthly, how do I do that?

You can change your subscription tier or timeframe at any time in settings⇒ billings⇒ manage subscription in the main OO website. If you need additional help, you can email [e-mail]