Setup & Settings

17 articles

Query regarding API usage (from Interactive Brokers)

When you use an automated trading system (ATS) like OptionsApp in conjunction with Interactive Brokers (IBKR), you'll be asked in the IB client portal to provide information about how you're using the API. Page 1 First, you need to confirm that API messages are either manually approved

Guide: Creating a Bug Report

1. Purpose and Overview If an error occurs in OptionsApp or unexpected behavior is observed, you can send an error report to the development team via the integrated Bug-Report function. A Bug-Report contains technical information in addition to the error description

Selecting and Activating Underlyings

After installing OptionsApp, only the SPX is enabled as the underlying by default. The following explains how to enable or disable additional underlyings. 1. Enabling and Disabling Underlyings Additional underlyings can be configured in the Settings

Example Trade: Iron Condor with Stop and Stop Adjustment (0-DTE)

The Iron Condor is a popular options strategy that bets on sideways movement of the Underlying. It consists of four options: two Calls (one Short and one Long) as well as two Puts (also one Short and one Long). The goal is to generate premium from time decay while the risk

Required Live Market Data to Use OptionsApp

To use OptionsApp to its full extent, certain Live Market Data subscriptions at Interactive Brokers (IBKR) are required. These are essential because OptionsApp needs to access Live Data for trading and evaluating Entry Conditions. Required Live Data At Interactive Brokers

Connection Behaviour Settings

1. Purpose of Connection Behavior Settings The Connection Behavior Settings control when and how OptionsApp establishes a connection to TWS. This section is located in OptionsApp under: Settings -> Connection Behavior These settings are designed to control the connection behaviour to TWS

Download & Installation of OptionsApp

1. General Requirements Before installing a new version, you must ensure that OptionsApp is completely closed. A running instance will prevent the installation and result in an error message. In this case, an error message would appear: If there is an issue with the I

Recommended TWS Restart Settings

Interactive Brokers' Trader Workstation (TWS) is automatically shut down once daily by default. However, if no automatic restart is configured, TWS will remain closed after this shutdown, requiring you to manually restart and log back into TWS.

Approvals in the User Portal

What approvals are, which four automations of OptionsApp require them, how they are granted and withdrawn in the user portal, and what happens without them.

Import & Export of Configurations

1. Purpose and Overview In OptionsApp, configurations can be exported and imported again. This allows you to back up existing settings, transfer them to a different Session, or reuse them at a later time. Import and Export is available for the following areas

Manual Orders on Contracts Managed by OptionsApp

1. Overview Manual orders must not be placed in Trader Workstation (TWS) on contracts of an active OptionsApp trade. OptionsApp detects such orders and displays a notification. However, it does not cancel the orders. IMPORTANT: This also applies to additional Stop Loss, Profit Target

Share Market Data with Paper Account and Create a Second User

When running OptionsApp simultaneously with a Live Account and a Paper Account, you may encounter issues with Live Market Data. This article explains the background and shows how to configure Interactive Brokers (IBKR) so that both accounts can operate simultaneously with their own market data.

Using Multiple Sessions and Accounts

OptionsApp offers flexible options to run multiple accounts and instances in parallel, whether on a single device or distributed across multiple systems. This article explains the various setups in detail and provides recommendations for configuration. Note: When trading with

Risks When Trading Illiquid Options

1. Background When trading options, the liquidity of the respective option chains plays a crucial role. While highly liquid markets like SPX or SPY typically offer tight spreads and reliable executions, there are numerous underlyings whose option chains have significantly lower liquidity

Strategy Activation & Trading Days

1. Purpose and Overview Strategy activation and the definition of trading days determine when a strategy in OptionsApp is actually executed. This section specifies whether a strategy is active, in which account it should trade, on which days trades are allowed to open

Create a Telegram Bot and Connect It to OptionsApp

1. Overview OptionsApp can be connected to a Telegram Bot to retrieve status information, account summaries and screenshots directly via Telegram. Communication takes place through a self-created Telegram Bot that is linked to OptionsApp. This article describes the

TWS API Settings

For the connection between TWS (Trader Workstation) and OptionsApp to work smoothly, both the API Settings and API Precautions must be configured correctly. Please verify your settings against the following points: API Settings API Settings Screenshot API Precaut