Frequently Asked Questions (FAQ)

20 articles

Can OptionsApp run on 2 sub-accounts in parallel?

Yes, you can use OptionsApp with multiple subaccounts simultaneously. To do this, you simply need to create a separate Session in OptionsApp for each subaccount. Please note the following: Example port assignment: This allows each app instance to work independently with its associated TWS instance

When is the decimal separator displayed as a period (.) or comma (,)?

This depends on your local language settings. Depending on whether your operating system is set to US/ENG or German keyboard format, the decimal separator will be adjusted accordingly. If you can only enter a comma, that's fine too.

Is it possible to use the software on 2 different devices with different accounts?

Yes, that's possible. You can install OptionsApp on multiple devices and use different Sessions on each one. What's important is: this way you can, for example, manage your live account on one PC and run your paper account in parallel on a laptop, each with its own TWS

Can I evaluate different trades within a single strategy?

In the "Trades" tab, you can view all individual trades within your selected date range and strategy. Currently, there are no further subdivisions available beyond separating trades by individual strategies.

Can I change the Client ID in OptionsApp?

1. What is the Client ID? The Client ID is a unique identifier that programs like OptionsApp use to connect to Interactive Brokers' Trader Workstation (TWS). It's used to distinguish API connections from each other. 2. Recommendation: Client ID = 0 Using Client ID 0

Can you use Paper Trading and Live Trading in parallel?

Yes, that's no problem at all. To do this, you need to start OptionsApp twice and select a different Session each time. Each Session contains the information for connecting to TWS, this is configured in OptionsApp in the Settings. It's important that both Sessions have different...

Can you use OptionsApp and TAT in parallel?

Running TAT (Trade Automation Toolbox) and OptionsApp simultaneously is generally possible, even though we haven't thoroughly tested this specific use case yet. Technically, there's nothing against it as long as the connection to the respective TWS instances is set up correctly

Does OptionsApp need to run continuously?

We recommend running OptionsApp continuously during active trading hours, but it's not mandatory. However, it's important that the app is active when opening a trade. This is because the opening process doesn't just place orders, but also sets all defined profit

How often should I restart OptionsApp?

In general, you can let the software run continuously. We recommend doing one restart per week, for example on the weekend.

If a Vertical Stop triggers, does the Stop jump to the Short if the Long becomes worthless?

Exactly, that's how we always make sure the position can be closed. If the Long becomes tradable again, we'll switch back to Vertical Stop.

Can you get notifications about openings and closures?

Yes, you can set this up using the Telegram integration. You can open a Telegram chat and receive notifications via Telegram about Entries, Stops, or error messages. You can also use it to check the status of OptionsApp and your account metrics.

Why is my Stop Loss changing from the Combo to the Short Leg?

This is because the Long Leg has fallen below $0.10 and there's a risk that closing the Combo is no longer possible. The reason is that in case of a Combo Stop, you might not be able to sell the Long within the Combo anymore. To prevent this situation, the

What is a REL Order?

A REL Order (Relative Order) is a special order type used particularly with Interactive Brokers (IBKR). It allows traders to automatically adjust buy or sell orders to the current market price by setting a fixed price distance (offset) to the best available bid

How can I save my Sessions or create a backup?

Two options are available for backing up OptionsApp data: automatic backups via the built-in backup function and manual backups by copying the database file.

How do you handle closing options strategies with worthless long legs?

When Long Legs are worth almost nothing, there's a risk that they can no longer be sold or closed. OptionsApp detects this in the combination of the created trade and would then exclude this Long Leg and essentially ignore it.

How can I change my subscription, cancel it, and view invoices?

Change or cancel subscription Your subscription is managed directly in the OptionsApp user portal. User Portal => Change Subscription: Change your subscription: Changes typically take effect immediately or at the next billing period (depending on your selection). Change billing information

How does OptionsApp handle Cash Settlement?

OptionsApp first calculates a provisional cash settlement itself, then retrieves the official settlement price from the exchange. If the two values differ, the newly retrieved settlement price from the exchange is used.

How many contracts can you trade during the test phase?

During the test phase, you can open up to 160 Legs daily. This corresponds to, for example, 80 Spreads or 40 Iron Condors and gives you plenty of room to test everything. For equities and ETFs, you can open up to 80 positions per month. Positions already running do not count. This matches the Pro Plus package.

Is the Stop Loss already submitted with the opening order?

The Stop Loss in OptionsApp is only set once the trade has been executed. This is because the execution price is not known before the trade is opened. Another reason is due to Interactive Brokers' limitations, as it's not possible to place a buy and sell order simultaneously

When should I create a different Session?

A Session stores all your settings, trades, results, and everything else. When you create a new Session, it's like starting OptionsApp for the first time. For example, if you have multiple accounts that you want to manage with 2 parallel OptionsApp instances running on different ports