Backtesting Trade Finder scans
You can ‘look back’ (Backtest) Trade Finder Scans by following these steps:
- Select your Scan (example: Bull Put – Stock above 200 SMA).
- Click on the Calendar at the top of the screen to select a previous date (clicking on the month allows you to select a previous month, or arrow back to a previous year).
- Select stock symbol, click on action icon to ‘Analyze Position’.
- The trade template will populate with the specific scan, note the date on the screen is the ‘start date’
- Select the Analyze Date, or click ‘EXP’ to analyze the position on Expiration Day.
By clicking on the ‘Go Big’ icon of the The Trade Price chart shows the Entry and Exit Dates (cross hairs) as well as the behavior of the trade compared to the stock.
Note: Changing the analyze date dynamically changes the data of the P/L chart.
Use SNAP to Backtest Positions
The Snapshot feature is also available with Backtesting.
- Click ‘Backtest’ on the Option Table
- Set up position
- Click one of the camera icons:
- Repeat the first step using the Rolling Icons to adjust the initial position to a new scenario:
- Click the 2nd camera icon & repeat the above steps for the last comparison.
- Select the ‘Analyze Date’ using the Date Picker (Calendar) or “EXP” to analyze the position on Expiration Date.
Trade from the Options Tab
Trading from the Options Table is easy!
When a position is set up on the Option Chain or from one of the Strategy Templates, simply click the “Trade” button.
The Position will be sent to the Order Ticket where you can further edit:
- Adjust Price between “Mid” and “Nat”
- Change Duration: Day or Good Til Cancelled
- Change Order Type: Limit, Market, etc.
- Click “Review” to confirm Order Details and Account are correct
- Then “Submit” to send to brokerage.
Trading from the Option Template
From Template to trade is easy. 
Simply click the “Trade” button on the Option Template and the Order Ticket will be filled in for you. This not only saves time, but eliminates order entry errors.
You can connect directly to select brokerage firms right from the platform and execute the trade.
Explore - Give it a try!
From finding the best stock in the best sector to following where the money is flowing to and from, Heat Maps (and Spectrum, too!) offer insight both interesting and valuable.
Drill down for bullish, bearish and stagnant opportunities.
The Power of Time
The Backtesting feature allows for an interactive way to understand the characteristic of the strategy.
You can also see it’s performance over real data without having to wait for the market.
Give it a try!
From Strategize to Analyze to Trade
Any strategy-specific options trade will have ‘Analyze’ and ‘Trade’ in the Action Icon.
Click ‘Analyze’ to see the trade in the options chain. From there, you can edit or click ‘Trade’ to have the trade sent to the Order Ticket of your brokerage account.
Give it a try!
