Feature Requests

I'd like to use a TAT release for training purposes only, like a flight simulator, without touching my live TAT environment. That could be achieved by creating a TAT release supporting paper trading connection only. I'd love to use such a "TAT simulator" 😊.

As of right now, the Daily Profit Target uses a dollar amount. But many times, the maximum dollar amount we can make daily will change from day to day and during the day. It would be nice if we could switch the daily profit target to a percentage (%) based on the maximum credit we can capture (represented on the TAT dashboard as "Premium Captured"). For example - you aim to collect $1000 of credit daily, so you've set a daily profit target to $800. Scenario 1) one of your trades did not enter, so now you've only collected $750, therefore your daily profit target of $800 is no longer applicable and must be adjusted. Scenario 2) all of your trades entered and you've collected $1000, but one of them has gotten stopped, so now the maximum credit you can capture is $500... again, your daily profit target of $800 is not applicable and must be adjusted. If the daily profit target was set to a percentage of the maximum credit able to be captured, for example 80%, then in... Scenario 1) the daily profit target would be 80% of $750. Scenario 2) the daily profit target would be initially 80% of $1000, then after the stopped trade it would be 80% of $500. In both scenarios, the user would not have to make any adjustments to the daily profit target.

It would be great if we could have trades trigger based on the SPX being above a 10 day sma or a cross 5 day above 2 day

Please implement the option to define 'Blackout Days' as a 'Trade Condition' (similar to the Option Omega option). This would make it possible to define groups of days like EOM (end of month) or FOMC, etc.

Would be nice to have a new percentage (otm) target possibility for entries like in option omega. This allows to create more universal/auto adapting strategies not having to care about if SPX is at 2,000 or 6,000 points.

Add VIX9D and a VIX9D/VIX ratio as condition options.

Opening Range End Time, Breakout Condition (high/low,high only, low only) Backtesting has showed with 2 hours ORB after 11am end time resulted in 95% of win rate! this could be a great trigger to set up with in TAT.

I would be great to integrate something like https://www.forexfactory.com/calendar and define that for USD the red flags are automaitcally considered by TAT. I would like to enter data like 30 min before and 90 min after red flag event I want to have all triggers and scheduled tasks automatically to be stopped. And an alternative to stop TAT for the whole day on such events like FOMC.

A Click-on, click-off button to pause trades that are scheduled so if you see that price action is not how you would like it before a scheduled trade, you can pause that scheduled trade.

Tradier has recently been added as a supported broker to TAT. If you are not aware Tradier will only allow stops on single legs, not spreads as we have been used to in IBKR. TAT is currently coded to allow only single leg stops. The stop value to be placed on the short leg of a credit spread is currently calculated based upon the total credit received for the spread multiplied by the Multiplier setting in TAT. For instance, if the total value received for the spread (short credit minus long debit) is $1.50 and the multiplier is 1.0, then the stop placed on the short leg would be $3.00. Two commonly used backtesters that I use (BYOB and Options Omega) both use stops on the entire spread. I believe it is important to try to mimic this in live trading if you want to match the backtests. As far as I am aware it is not possible to backtest the stop method currently being used in TAT in currently available backtesters. This is even more important for those of us who use narrower spreads. Wider spreads of 50 or wider have less of an issue with this, but it can still be a significant issue for these wider spreads for entries earlier in the day and also if market volatility is high. I have attached a spreadsheet where I analyzed three different entries with low volatility, medium volatility and high volatility. I captured option chains around 11:30 CST and identified trades based upon my particular rules, which use 25 wide spreads. Cell E12 holds the spread credit received. Cell F12 holds the stop value based upon the spread credit received. Cell C9 and C10 show the underlying price where a stop would occur with a quick market move against the position. The stop would actually occur between spread values E9 and E10. Cell I12 shows the value of a stop on the short leg based upon the short credit only. Cell C9 and C10 show the underlying price where a stop would occur with a quick movement against the position. The stop would actually occur between short credit values H9 and H10. Cell L12 shows the value of a stop on the short leg based upon the spread credit. Cell C10 and C11 show the underlying price where a stop would occur with a quick movement against the position. The stop would actually occur between spread credit values H9 and H10. This same analysis is repeated for Puts and also repeated for low and high volatility cases. In conclusion, stops based upon short credit received mimics much closer the stop on the entire spread, at a time near when the spread was entered, before the long position has had time to decay much in value. The stop on the short leg based upon the credit received for the entire spread does not match well at all the stop on the entire spread at a time near when the spread was entered. It could be argued that you could just adjust the multiplier for a stop based upon the spread credit received to compensate for the price of the long. That is represented by the calculation in Red in Cell H40 and the others for the respective analysis. One issue with that approach is that the multiplier has to be changed as the volatility of the market changes. Also, the multiplier would need to be different for calls and puts, but to a smaller degree. But the real problem is stops at the end of the day do not match the stops on a spread even if you have set them to match earlier in the day when long premium was much higher. The stop multiplier adjustment needed to match the stops on the spread at the time of entry is shown as the “Stop Multiplier for Shorts” and shown in Red. Keep in mind this will not match the stops on the spread when the long has no value later in the day. The only solution to this in my opinion is to adjust the stop value on the short leg throughout the day as the long value decays. I am proposing this as a solution to this issue. Checking the value of the long leg every 5 minutes or so and adjusting the stop value of the short leg would solve this issue. Please vote for this proposal if it is important to you to be able to match stops on spreads when implementing single leg stops. By the way with only about a month of data at Tradier (345 stops) the average slippage was $0.019. At IBKR over the same time period the average slippage was about $0.097. At TradeStation the average slippage was $0.104 over the same timeframe.