How To Use Webhooks With The Options Auto Trader

Webhooks in the Options Auto Trader allow you to trigger actions like entering or exiting trades using external systems. Whether you’re using custom software, a third-party app like tradingview, or another automation tool, webhooks give you the flexibility to integrate these tools seamlessly into your trading workflow. In this article, we’ll explain how to use webhooks with the Options Auto Trader and the different types of webhooks available.

Step 1: Access Your Webhook Settings

To begin using webhooks, you first need to access your webhook URLs:

1. Log into your Options Auto Trader account.
2. Navigate to the Auto Trader page.
3. Click on the gear icon in the top right corner to open the Auto Trader Settings.
4. Scroll down to find your webhook URL for trade entries and exits.

The webhook URLs can be copied and used to integrate with external systems. Remember, you have separate webhooks for entry and exit actions.

Step 2: Understanding Entry and Exit Webhooks

• Entry Webhooks: These webhooks are used to trigger the start of a new trade. When your system sends a POST request to the entry webhook URL, a trade is initiated.
• Exit Webhooks: These webhooks are used to exit a current trade. The exit webhooks can be found under the Trade Settings by clicking the three-line icon next to an active trade.

Both types of webhooks are necessary for full control over the entry and exit of your trades.

Step 3: Making a POST Request to Webhooks

Webhooks in Options Auto Trader require no additional payload when making a request. The only action needed is to hit the webhook URL with a POST request to trigger the entry or exit action.

For example:

• If you have an external system like IFTTT, Zapier, or custom software that can send POST requests, you can configure it to send a request to the webhook URL when a condition is met.
• Upon receiving the request, the Options Auto Trader will automatically execute the action (either entering or exiting a trade).

Step 4: Regenerating Your Webhook

If you believe that your webhook URL has been compromised, you can easily regenerate a new one:

1. Return to the Auto Trader Settings by clicking the gear icon in the Auto Trader page.
2. Scroll down to the Webhooks section.
3. Click Regenerate Webhook to get a new, secure URL.

After regeneration, make sure to update the webhook URL in any external systems using the old URL to ensure continued functionality.

Step 5: Using Webhooks in External Systems

Once you have your webhook URLs, you can integrate them with various automation tools like:

• IFTTT or Zapier: Set up a trigger that sends a POST request to your webhook URL based on certain conditions, like a calendar event, price movement, or indicator signal.
• Custom Applications: If you have a custom-built trading system, you can configure it to automatically send POST requests to your entry or exit webhook URL to automate trade actions.

These integrations allow for highly customizable trading setups, giving you the ability to automate your trades based on data from outside systems.

Step 6: Monitoring Webhook Activity

You can monitor the trades triggered by webhooks directly in your Options Auto Trader dashboard. Review your active trades to ensure that your entry and exit signals are being correctly executed through the webhooks.

Troubleshooting

• Webhook Not Working: Double-check that you are sending a POST request to the correct URL. Make sure the webhook URL is copied correctly.
• Compromised Webhook: If you believe your webhook URL has been compromised, simply regenerate it and update your external systems with the new URL.
• Webhook Triggering Multiple Times: Ensure that your external system is configured to send a POST request only once per trigger event.

Conclusion

Webhooks in Options Auto Trader provide powerful automation for your trading strategies, allowing you to integrate external triggers for entering and exiting trades. By following this guide, you can easily set up and use webhooks for seamless trading automation. If you have any questions or need assistance, feel free to contact our support team.