In Options Auto Trader, you can automate your trade entries to occur at a specific time, giving you precise control over when trades are executed. This feature allows you to select a specific hour and minute within a session to enter a trade, based on your preferred strategy. In this article, we'll guide you through the steps to set up trade entries at a specific time.
Step 1: Choose Your Trading Session
Before setting a specific time, you need to decide whether you want the trade to happen in the Morning, Lunch, or Afternoon session. The available session times are:
Morning Session: 8:30 AM CST – 11:00 AM CST
Lunch Session: 11:00 AM CST – 1:00 PM CST
Afternoon Session: 1:00 PM CST – 3:00 PM CST
To begin, log into your Options Auto Trader account and navigate to your bot’s settings.
Click the gear icon in the top right corner of the Auto Trader page to open your bot’s settings.
Scroll to the Session Entry Times section.
From the drop-down, select the trading session in which you want the trade to occur (Morning, Lunch, or Afternoon).
Step 2: Set a Specific Time for Trade Entry
Once you've selected the session, you can specify the exact time (hour and minute) for the trade entry within that session.
After choosing the session, click the Specific Time option in the settings.
A drop-down menu will appear where you can select the hour and minute for your trade to be placed.
For example, if you choose the Morning Session and set the specific time to 9:15 AM, your trade will be placed at exactly 9:15 AM within that session.
** If you want to enter right when the market opens (9:30 AM EST), then you should use the morning session as your time to enter. Setting the specific entry time to 9:30 AM is not allowed because we like to avoid the massive volatility (leading to worse fills) right as the market opens.
Example:
If you want your trade to occur precisely at 9:15 AM within the morning session, select Morning Session and set the hour to 9 and the minute to 15.
If you want the trade to enter at 12:30 PM during the lunch session, select Lunch Session and set the time to 12:30 PM.
Step 3: Verify Your Time Zone
The entry time you set will follow the time zone that is configured for your account. By default, the account time zone is set to Eastern Standard Time (EST) unless you've manually changed it. If your account is in a different time zone, the trade will still trigger at the specific time you've set, but according to your account’s local time.
How to Check or Change Your Time Zone:
Go to your Account Settings.
Look for the Time Zone setting.
If necessary, adjust the time zone to reflect your local time or your preferred trading time zone.
Save your changes.
Ensure that your selected entry times correspond with the correct session hours based on your configured time zone.
Step 4: Save Your Settings
Once you’ve selected the session and set the specific entry time, make sure to save your settings:
Scroll to the bottom of the Auto Trader Settings page.
Click Save to confirm your time-based entry setup.
Your bot will now automatically enter trades at the exact time you specified, within the session you selected.
Step 5: Monitor Your Automated Trades
After setting up your specific trade entry time, you can monitor your trades from the Dashboard to ensure that the bot is executing trades according to your schedule.
Check the execution times of your trades to confirm they match the specific time you set.
If needed, adjust the time or session for future trades by going back into the Auto Trader Settings.
Conclusion
With the ability to set a specific time for trade entries, Options Auto Trader provides enhanced precision and flexibility in automating your trading strategy. By following these steps, you can easily configure your bot to enter trades at your preferred time, helping you capitalize on specific market conditions.
If you have any questions or need further assistance, don’t hesitate to contact our support team.
TERMS OF SERVICE: Please be aware that continued use of the Options Auto Trader is subject to our Terms Of Service. If you have any questions or wish to review these terms, feel free to visit the website.