Skip to main content

Signals

What Are Signals?​

Signals help you stay on top of key moments in your trading by alerting you when something important happens in your positions. Specifically, signals let you know when Exit or Adjustment conditions are triggered, helping you decide when it might be time to close a position or make changes to it.

Exit Signals​

Signals will alert you if conditions are met for exiting a position, based on criteria you’ve predefined. This is a useful way to stay updated on whether it’s time to consider closing the trade.

Example: Exit Condition​

Condition:

  • pos_delta > 10
  • vix > 20
  • pos_theta < 5

This exit signal will trigger if:

  • The position delta is high (pos_delta > 10), making it sensitive to price changes.
  • The market volatility (VIX) is elevated (vix > 20).
  • The position has low time-decay benefit (pos_theta < 5).

Adjustment Signals​

If any conditions are met that suggest you should adjust your position, a signal will notify you. Adjustment signals can be a helpful prompt to fine-tune your strategy and optimize your position.

Example: Adjustment Signal​

Condition: open_trades_cnt == 1 and underlying_iv_rank > 50

This adjustment signal will trigger if:

  • You have exactly one open trade (open_trades_cnt == 1).
  • The implied volatility rank of the underlying asset is above 50 (underlying_iv_rank > 50).

Entry Conditions​

It's worth noting that entry conditions don't generate signals. Only Exit and Adjustment conditions will trigger a signal. This way, you’re only notified when there’s a reason to take action on your open trades.

How Signal Alerts Work​

When a signal is triggered, you’ll hear an alert sound in your browser to catch your attention. These audio notifications are there to make sure you don’t miss critical updates, even if you're multitasking or not actively looking at your screen.

info

Enable or Disable Audio Notifications:

Make sure your browser allows sound for this tool to avoid missing any alerts. If you'd prefer not to receive audio notifications, you can disable sound in your browser settings.