Trade Scanners

After screening for qualifying candidates (each scanner provides unique search parameters), each symbol or groups of symbols can be quickly backtested using 1 of 20 different stock or option strategies. The process involves 5 quick steps for each trade scanner:

1. Select the symbol search list, it can either be a pre-defined list or a custom created list of symbols.
2. Select the specific criteria you want to find in the trade scanner. 
3. Review candidates in the search results to see which ones you want to backtest.
4. Backtest the individual symbol or group of symbols using one of the 20 different strategies. For each strategy you must select the option strike and expiration parameters in addition to profit target and stop loss percentages.
5. Results of the backtest are displayed immediately with summary results of profit, win percentage, and profit factor. Individual trade dates and results are also displayed. Any backtesting parameter can be quickly altered and re-run to find optimal trade parameters for each trade within minutes.

For earnings trading, our platform provides a multi-functional earnings calendar with a built-in screener and a quick backtesting tool, all within one, easy-to-use screen. It scans hundreds of stocks within seconds to recognize which symbols match a specific earnings pattern and then performs a quick backtest to find out if the trade is historically profitable.

There are 10 different types of earnings trades available in the platform:

• Bullish Pre-Runners - Stock price consistently rises going into the earnings announcement.
• Bearish Pre-Runners - Stock price consistently falls going into the earnings announcement.
• ATM Volatility Rise - Volatility and option premiums consistently rise prior to earnings.
• ATM Volatility Crush - Volatility and option premiums consistently rise prior to earnings then both drop substantially after earnings announcement.
• Price Movers - Stock price consistently makes big moves around earnings announcement.
• Price Non-Movers – Stock price consistently moves sideways around earnings announcement.
• Bullish Runners - Stock price consistently moves higher after the earnings announcement.
• Bearish Runners - Stock price consistently moves lower after the earnings announcement.
• Positive EPS Surprises – Stocks that consistently beat the consensus earnings expectations.
• Negative EPS Surprises - Stocks that consistently miss the consensus earnings expectations.

Enter customizable search parameters to find the type of trades on the specific day you want with a quick backtesting capability available after finding the search results. The search day is also customizable so you go back in time and select any day from Jan 3, 2007 to present.  Search parameters include:

• Search for volume spikes in Calls, Puts or Both
• Select the minimum average option volume and the time period for the average option volume calculation
• Find option volume spikes of 2x, 3x, 4x or more

State Modeling is Delphian’s proprietary algorithm that predicts upcoming stock trends using 8 different states to classify the strength of the bullish or bearish move upcoming. When a stock moves into a new state then that is a great time to see if a profit trade can be found.

• Find bullish trades and test them with Long Stock, Long Call, Bull Call, Bull Put, Naked Put…
  State 1 (most bullish), State 3, State 5 and State 7 (least bullish)
• Find bearish trades and test them with Short Stock, Long Put, Bear Call, Bear Put, Naked Call…
  State 2 (least bearish), State 4, State 6 and State 8 (most bearish)

State Modeling is Delphian’s proprietary algorithm that predicts upcoming stock trends using 8 different states to classify the strength of the bullish or bearish move upcoming. Once a stock has entered a state state and met a target the probability of a reversal can be high for certain symbols. The State Targets trade scanners allows you to find all symbols that have either met a profit target or stop-loss and test various option strategies to try and find a historically profitable trade.

• Find bullish trades and test them with Long Stock, Long Call, Bull Call, Bull Put, Naked Put…
  State 2 Targets Met, State 4 Targets Met, State 8 Targets Met, State 1 Stop Loss Met
• Find bearish trades and test them with Short Stock, Long Put, Bear Call, Bear Put, Naked Call…
  State 1 Targets Met, State 5 Targets Met, State 7 Targets Met, State 8 Stop Loss Met 2

Enter customizable search parameters to find the type of trades for the specific time period you want with a quick backtesting capability available after finding the search results.  The search day is also customizable so you go back in time and select any day from Jan 3, 2007 to present.

• Find bullish trades and test them with Long Stock, Long Call, Bull Call, Bull Put, Naked Put…
  Price change is greater than or equal to +4% in the coming 20 days, at least 8 of the 10 past years
• Find bearish trades and test them with Short Stock, Long Put, Bear Call, Bear Put, Naked Call…
  Price change is less than or equal to -4% in the coming 20 days, at least 8 of the 10 past years
• Find sideways trades and test them with Iron Butterfly, Iron Condor, Short Straddle, Short Strangle…
  Price change is between -3% and +3% in the coming 15 days, at least 8 of the 10 past years

Delphian has created twelve, high probability trading strategies that are designed to use multiple confirmation signals to predict either a breakout, a pullback or a bottom in price.

• The trades will populate on a daily basis in the Proprietary Trades tab using standardized criteria created by the Delphian team (strike & expiration selection, profit target, stop loss %, etc).
• The Proprietary Trades Scanner will allow you to view the available trades and to modify the trade parameters to your own preferences to see if the changes are more or less profitable to each trade.
• For more information on the individual strategies used for Delphian Proprietary Trades click the following link: Proprietary Trades

Select the specific candlestick pattern you want to find from a large list of available patterns then quickly backtest using 1 of 20 available stock and options strategies to search for profitable trades. Available candlestick patterns are shown below:

• Basic Candles
• Marubozu Candles – Black, White, Closing Black, Closing White, Opening Black, and Opening White.
• Doji Candles – Dragonfly, Four Price, Gravestone, and Long-Legged Doji.
• Bearish Reversal Candles – Bearish Engulfing, Bearish Harami, Evening Star, Bearish Kicker, Shooting Star and 3 Outside Down.
• Bullish Reversal Candles – Bullish Engulfing, Bullish Harami, Inverted Hammer, Bullish Kicker, Morning Star and 3 Outside Up.