Algo Trading Systems

These tool files can be uploaded into the TradeStation platform and used in the TradeStation Algo Trading Screen for continuous search for stocks which can be used to build option positions which take advantage of directional moves.

Radar Tool

# of Legs

Description

Status

Market Price (Monthly)

Action

Gamma Scalping Algos

Firebird Gamma Scalping 5 Minute

Delta Neutral Number of Legs

This system will trade stocks on a 5-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.

Active

$65.00 / 30 Days

Firebird Gamma Scalping 2 Minute

Delta Neutral Number of Legs

This system will trade stocks on a 2-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.

Active

$65.00 / 30 Days

Firebird Gamma Scalping 1 Minute

Delta Neutral Number of Legs

This system will trade stocks on a 1-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.

Active

$65.00 / 30 Days

These search files can be uploaded into the TradeStation platform and used in the TradeStation Algo Trading Screen to continuously search for combinations of options directly which have extreme skews. Once identified in the RadarScreen, analysis in OptionStation is necessary to determine if the option combinations offer traders a favourable entry.

Firebird is currently developing a new generation of Option Skew Search tools which will find unique combination spreads directly that may present advantages to option traders. These new tools are not intended to replace the existing search tools, shown above, but will supplement and strengthen the existing tool set. The launch of these new tools is planned for 1st Q 2025.