Step-by-step Configuration Guide

Last updated April 18, 2025

Welcome to OptionX. We're excited to have you onboard! OptionX is a powerful trading platform designed to help you place, manage, and analyze your options trades with ease. Whether you're a beginner or a professional trader, this guide will help you get started quickly.

Follow the steps below to set up your account, start trading, and make the most of your OptionX experience.

1. Login on the OptionX Platform

Visit the OptionX Trading Platform and sign in using your credentials. If you're new, register and complete the onboarding process to activate your workspace.

2. Choose Default Workspace

After logging in, you'll be prompted to select or create a workspace. Choose your preferred workspace and save it as default to avoid reselecting each time you log in.

3. Enable Paper Trading

To get started without risking real capital, enable the Paper Trading mode from the settings. This allows you to practice with virtual funds in a real-time market environment.

4. Update the Index and Quantity

On the main dashboard, select the option contract you want to trade. Update the strike price, expiry, and the quantity based on your strategy.

5. How to Place Order

The price ladder shows real-time bids and offers. Click directly on the price to place a buy or sell order instantly. You can choose between Market, Limit, or Stop orders as needed.

6. Find Your Positions

Once your order is executed, you can view all active positions in the Position Table. It displays crucial information like entry price, P&L, and current status.

7. Manage Your Order

Navigate to the Order Book to modify or cancel pending orders. You can also adjust stop-loss or take-profit levels on existing trades directly from the position view.

8. Exit Order

When you're ready to close a position, click the “Exit” button next to the trade in the Position Table. You’ll be prompted to confirm before the order is placed.

9. Automate Your Workflows

OptionX offers automation features to help streamline your trading. Use rules-based automation to trigger orders based on market conditions or integrate with external APIs for advanced workflows.