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What is OptionTrigger?

OptionTrigger is a targeted desktop application tailored for intraday options traders who aim to effectively manage their single-leg calls and puts by responding to real-time stock price fluctuations. This innovative software harmonizes a TradingView chart, which can be accessed via Chrome or TradingView Desktop, with a local execution engine and an Interactive Brokers account through either TWS or IB Gateway. Users are able to pinpoint take-profit, stop-loss, or trailing levels that are contingent on the stock's behavior, select their preferred option contract, and initiate a purchase by clicking Buy, although it's crucial to understand that setting exit parameters does not automatically trigger an entry order. Once the designated price conditions are met, the application can automatically place sell orders for the executed option position, enabling planned staged exits effectively. Its workspace is designed to monitor trading strategies, active orders, filled positions, and connection status, offering traders a thorough overview of their activities. Furthermore, users have the opportunity to refine their strategies using the integrated simulator or an IBKR paper account, while live trading through IBKR requires a Premium subscription. To ensure successful execution, it is vital that the desktop application, chart, and broker connections remain functional throughout the trading hours. Additionally, one should be aware that broker commissions, market data fees, and third-party subscriptions may lead to extra charges beyond the primary service costs. This combination of features not only allows traders to stay organized but also empowers them to adjust their strategies and enhance their trading skills within a fluctuating market landscape. Ultimately, OptionTrigger serves as a versatile tool for traders seeking to optimize their trading experience.

What is IB Trader WorkStation (TWS)?

The IB Trader Workstation (TWS) is designed by market makers to facilitate trading in stocks, options, futures, currencies, bonds, and funds across over 150 global markets from a unified platform, catering to traders, investors, and institutions alike. With its user-friendly TWS Mosaic, the platform significantly enhances the trading experience, providing swift access to a comprehensive array of trading, order management, charting, watchlist, and portfolio features through a single customizable interface. Users benefit from direct connectivity to TWS trading and order functionalities, receiving live quotes alongside essential technical research and analytical tools, all conveniently organized within one window. The Portfolio window gives a quick snapshot of account summaries and position specifics, whereas the Order Entry window allows for the rapid creation and submission of orders, with the Order Monitor providing capabilities to track, modify live orders, and review past transactions, whether completed or cancelled. For traders seeking more advanced tools, Classic TWS is available, which features fast order entry right below the Market Data row, ensuring a seamless trading experience. This combination of Mosaic and Classic TWS guarantees that traders, regardless of their expertise, can access the necessary tools to effectively navigate and succeed in the competitive market landscape. Furthermore, the flexibility of these interfaces allows users to tailor their trading environments to match their personal preferences and strategies.

Media

Media

Integrations Supported

Interactive Brokers
TradingView

Integrations Supported

Interactive Brokers
Chartlog
Options Trader Pro
Zorro

API Availability

API Availability

Pricing Information

$29.99/month
DEMO and IBKR Paper are free. Premium for live IBKR accounts is $29.99 per month, billed and renewed monthly, or $299 per year, billed and renewed annually. The first annual purchase may be fully refunded within seven days; monthly purchases have no partial-month refund. Broker commissions, TradingView plans, and market-data subscriptions are separate.
Free Version

Pricing Information

Pricing not provided
Free Version

Supported Platforms

Windows
Mac

Supported Platforms

Windows
Mac

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

OptionTrigger

Date Founded

2025

Company Location

United States

Company Website

optiontrigger.com

Company Facts

Organization Name

Interactive Brokers

Date Founded

1978

Company Location

United States

Company Website

www.interactivebrokers.com/en/trading/tws.php

Categories and Features

Options Trading

Not specified

Categories and Features

Options Trading

Not specified

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