Option Alpha
Description
🖼️ Tool Name:
Option Alpha
🔖 Tool Category:
AI-powered trading automation platform; it falls under the category of Finance, Forecasting & Dashboards and RPA & Task Automation for algorithmic trading.
✏️ What does this tool offer?
Option Alpha provides automated trading for options, stocks, and ETFs without requiring programming skills.
It allows users to build, test, and deploy trading bots, analyze market data, automate strategies, and execute trades based on predefined conditions — all in an intuitive, no-code environment.
⭐ What does the tool actually deliver based on user experience?
• Automated options trading bots
• No-code strategy builder
• Backtesting on historical market data
• Real-time market scanning and alerts
• Integration with brokerages (e.g., Tradier)
• Pre-built trading templates
• Automated entry/exit orders
• Risk management tools
• Performance analytics dashboards
🤖 Does it include automation?
Yes — Option Alpha deeply relies on automation, including:
• Fully automated trade execution
• Conditional triggers for entry/exit orders
• Strategy-based decision trees without coding
• Automated performance tracking and evaluation
• Real-time automated bots running 24/7
• Auto-adjusting positions based on market changes
💰 Pricing Model:
Freemium (free access with limits; paid upgrades unlock more automation and bots)
🆓 Free Plan Details:
• 1 live trading bot
• Limited automations
• Basic backtesting
• Brokerage connection
• Access to community templates
💳 Paid Plan Details:
• More bots (5–100 depending on plan)
• Unlimited automations
• Advanced backtesting
• Advanced templates & strategies
• Priority support
• High-frequency bot performance
• Premium analytics
• Monthly & yearly plans
🧭 Access Method:
• Web App
• Connects to supported brokers
• Accessible via browser with account signup
🔗 Experience Link: