We built our tool to help save you time (and give you great strategies).

Part of saving you time is in the speed and performance of our tests. The other part is by giving you pre-built strategy templates. This way, in 1-click, you can backtest a multi-leg strategy like a vertical or butterfly spread.

Buy to Open or Sell to Open

Use the Long / Short and Call / Put toggles to quickly adjust the defaults of the strategy templates.

Long - use this setting when you want to Buy to Open. This can be used for both calls and puts. The long setting is engaged when LONG is shown on the black background. (See image above).

Short - use this setting when you want to Sell to Open. This can be used for both calls and puts. The short setting is engaged when SHORT is shown on the black background. (The image above shows SHORT disengaged).

Calls - use this setting when you want to backtest call options as the default setting for the strategy templates. Calls are engaged when CALL is shown on the black background. (See image above).

Puts - use this setting when you want to backtest put options as the default setting for the strategy templates. Puts are engaged when PUT is shown on the black background. (The image above shows PUT disengaged)

1-Click Templates for Options Strategies

This features allows you to quickly ( in 1-click ) backtest popular options strategies. You can use the Long / Short and Call / Put toggles to dynamically adjust what is used in the templates.

Example: If you have LONG and CALL selected and click on SINGLE, the entry condition with Buy to Open 1 Contract 1 Call 1 Strike Out of the Money and 30 Days to Expiration will auto populate for the Entry. Then Add the Exit of your choice. Click on the drop down arrow next to Add Exit to choose your Exit Condition.

You can choose to adjust:

  • Amount of Contracts (this is per strategy so you can do ratio spreads)

  • Buy to Open or Sell to Open

  • Calls or Puts

  • At the Money or In the Money or Out of the Money

  • Strike Price ( this option is not available for At the money)

  • Days until expiration

Remember you must always load a stock strategy in the backtest tab first to test an option for that strategy. You follow the strategy from the Backtest tab and you can add a note to the strategy about your option trade.( Ie. Click +Notes and write: Trade with 1 call 1 strike otm and 30dte. Then click Create).

Drag and Drop Combo Testing

Combine multi strategies together to create combo trades. An example would be selling puts to finance a call spread, or something like that. 

You can accomplish that by dragging and dropping conditions from the list of conditions on the left into the Entry ticket in the middle of the page.

Next, check out how we handle rolling expirations.

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