Customer Support : 020-61923200, [email protected] | Call and Trade : 020-61923220
| Technical Strategies (for Cash and Futures) | |
| Parameter/Detail | Description |
| Trade structure: | Regular: Single entry, Single Exit. Pyramid: First entry > Second entry > Combined exit. Partial Exit: Single entry > Partial exit > Full exit. Pyramid & Partial Exit: First entry > Second entry > Partial exit > Full exit. |
| Strategy type: | Virtual/Real |
| Strategy name: | |
| Exchange: | NSE, FUT, OPT. |
| Scrip/Group: | (Group locked at the start of the strategy. If edit made after strategy has already started, stop and restart strategy to run on changed constituents. If entry is made in a stock and it drops out of the group, exit will take place only if exit conditions are met, no automatic exit based on change in Group constituents) |
| Action: | Long/Short |
| Strategy Type: | Intraday/Positional/BTST/STBT |
| BTST: | STBT cannot be traded in cash instruments. If users select BTST/STBT option they need to compulsorily mention Entry After and Exit At time. Entry After is supposed to be always > Exit at for BTST/STBT strategies to avoid intraday square off. Algo will take entries after specified time according to entry conditions. These positions will be exited at either exit condition or next day exit time, whichever comes first. (Note: BTST is not yet available for partial entry and exit based algos) |
| Order type: | Limit (cannot be changed) |
| Order validity: | Day (cannot be changed) |
| Market Protection: | in percentage, if 5% selected and entry triggered at 100, limit order at 105 will be fired. Keep market protection based on instruments for stocks and futures 0.5-1% is good for entry and exit. For index options 5-10% is recommended. For stock options, one needs to individually check bid-ask etc for each scrip and decide. |
| Max Open Positions: | Maximum number of open trades allowed for a particular strategy |
| Max trades: | Maximum entries allowed per day (applicable only for intraday strategies) |
| Max loss: | If predecided max loss amount for all positions combined in a particular strategy is hit, all open positions in that strategy will be closed for the day. Applicable on Intraday as well as Positional strategies. For Positional strategies as well algo will stop for a single day and resume next day onwards. |
| Target profit: | same as max loss. |
| Signal: | Fresh/Running. (if entry condition met at previous time frame close it will not be considered for fresh). P&F example, on 1 min current time 9.20 am, it will check if at 9.19 am close if condition was met (assuming entry was not taken), if yes then its running condition at 9.20. Renko example, on 1 min current time 9.20 am, it will check if at 9.19 am close condition was met (lets take example of swing breakout, at 9.19 swing breakout was not met) but at 9.20 swing breakout happens but it prints 3 more bricks after swing breakout. This will qualify as a fresh entry because 9.19 condition was not met and 9.20 it was, it’s not based on the last brick as fresh for Renko. |
| Entry After: | Chart condition is checked from given time including given time for trigger. (example, entry after 9.20 am, if triggered on 9.20 am brick it qualifies and entry time in dashboard shows 9.21 am.) Even if there is no “entry after” condition, an entry that qualifies on 9.50 brick, is shown executed at 9.51 (it is not error 9.50 brick gets printed when minute is closed and thus 9.51 has begun). |
| No Entry After: | No trades will be taken for entries triggered after a specified time. |
| No Exit Before: | Exit will not be taken even if triggered before specified time. Users need to be cautious here if exit condition is Dsmart bearish crossover, and crossover takes place at 9.15 but users who have selected no exit before 9.20 algo will wait for scrip to go above Dsmart and fall below again for exit to trigger. |
| Squareoff: | Positions get automatically squared off at specified time, if no time is specified intraday trades will be auto squared off at 3.12 PM. |
| ENTRY DETAILS | |
| Chart type: | Select from 6 options on DD menu |
| Entry Condition: | Can be selected from existing conditions in Pre & Popular section or from system builder in My section. |
| System Builder: | Allows Users to create their custom conditions on 6 types of charts and users can add upto 9 conditions for their custom price pattern. |
| Quantity/Amount: | For Cash positions option of Amount per trade or Qty per trade is given, for Derivatives option of selecting Number of lots per trade is available. |
| Timeframe: | Entry conditions will be evaluated at the close of the particular time frame. |
| Chart Parameters: | Box size, Reversal size, Close only charts, High Low charts, turnaround, lines, etc: Selectable parameters available based on chart type selected. |
| Pyramid Chart Type: | (if Pyramid or Pyramid & Partial Exit Selected at top): Same as entry condition, algostra does not allow exact same condition for entry and pyramid. |
| FILTERS | |
| Daily RT Filter: | (chart type and conditions): These conditions will be monitored in real time on daily timeframe charts for the scrips available in the selected group at the time of starting the algo. Note: These are checked on real time charts so “reprinting” is very much possible. Filter is designed to check on Real time. |
| MT Filter: | (chart type, condition, TF): Users can select any scrip as your Market Trend Filter, it can be a broad market Index like Nifty 50 or volatility index like India VIX. |
| India VIX filter: | Users can select to check if India vix is above, below or within specified range while entry gets triggered. |
| Intraday Filter: | (available for both Intraday and Positional algos): It checks for an additional condition on scrips where entry is triggered. |
| Dynamic Group: | Filters the universe in the specified group with an additional filter to form the final trading universe. Available only for Cash strategies. For example Nifty 200 is the group and in Dynamic filter Fast stocks are selected, then only those FAST stocks that are also part of Nifty 200 will be eligible for entry, if a stock qualifies for FAST stocks but is outside Nifty 200 it will not be eligible. |
| Rzone Filter: | This option is available only if algo is made on a group and not for single scrip algos. This feature allows users to select Rzone scanners as an additional filter on the selected group. To use this feature, users need to save their conditions as a “strategy” in their Rzone > Analytics section. A combination of scanner conditions can be saved as a “strategy” in Master Scanner and even that can be used as a filter. If a user selects this feature he/she/they will have to start the algo manually everyday. Once started, Rzone scanners will run on the selected group and provide a final tradable universe for the day. Note: this is not a continuous scanner, stocks are filtered once while strategy is started and the group remains static throughout the day. |
| EXIT CONDITION | |
| Special Algos: | For “Partial Exit”, “Pyramid” and “Pyramid & Partial Exit” algos: Partial Exit Condition: User can select condition on for exit, however, chart type and time frame will be same as that for Entry Conditions. (for algos with Pyramid and Partial Exit, Partial Exit chart type and timeframe will be same as Entry Condition and not same as Pyramid Condition) Stoploss and Target: both can be selected in points or percentage and will be calculated from entry price. Algo checks for chart condition, sl, tgt, tsl and exits at whatever comes first. Partial exit is always 50%. Trailing Stop Loss: Trailing sl is available only for intraday positions. Trailing SL gets activated only after scrip has moved a specified percentage from entry. For example, if TSL is selected as 7% and entry takes place at 100, TSL will get activated at 107. Full Exit (conditions, sl & tgt): For “full exit” also users can select conditions only on the same chart type and timeframe as their Entry Condition. if a full exit condition is met before partial exit, 100% position will be squared off. |
| Regular Algos: | Exit (chart type, conditions, SL and Tgt): Same as that for partial exit, however, users can select different chart type and box sizes. Timeframe still remains same as Entry Condition and this is available only for Regular algos not other 3 types. |
| Exit Intraday Filter: | Additional set of conditions available for both positional and intraday strategies. Conditions are based on intraday charts and if met 100% of open qty will be squared off even if Partial exit was selected in starting. |
| Remarks: | This is the name that will show up in order id and trade journal. |
| UNDERLYING BASED ALGOS (This option is for the users who wants to trade derivatives based on the Underlying’s chart) | |
| Parameter/Detail | Description |
| Strategy type: | Virtual/Real |
| Strategy name: | |
| Exchange: | NSE, FUT. |
| Scrip/Group: | (Group locked in start of strategy. If edit made after strategy has already started, stop and restart strategy to run on changed constituents. If entry is made in a stock and it drops out of the group, exit will happen only if exit conditions are met, no automatic exit based on change in Group constituents) |
| Action: | Long/Short (Long and Short here does not refer to strategy direction but to the direction of trade in derivative instruments) |
| Strategy Type: | Intraday/Positional/BTST/STBT |
| BTST: | STBT cannot be traded in cash instruments. If users select BTST/STBT option they need to compulsorily mention Entry After and Exit At time. Entry After is supposed to be always > Exit at for BTST/STBT strategies to avoid intraday square off. Algo will take entries after specified time according to entry conditions. These positions will be exited at either exit condition or next day exit time, whichever comes first. (Note: BTST is not yet available for partial entry and exit based algos) |
| Order type: | Limit (cannot be changed) |
| Order validity: | Day (cannot be changed) |
| Market Protection: | in percentage, if 5% selected and entry triggered at 100, limit order at 105 will be fired. Keep market protection based on instruments for stocks and futures 0.5-1% is good for entry and exit. For index options 5-10% is recommended. For stock options, one needs to individually check bid-ask etc for each scrip and decide. |
| Max Open Positions: | Maximum number of open trades allowed for a particular strategy |
| Max trades: | Maximum entries allowed per day (applicable only for intraday strategies) |
| Max loss: | if predecided max loss amount for all positions combined in a particular strategy is hit, all open positions in that strategy will be closed for the day. Applicable on Intraday as well as Positional strategies. For Positional strategies as well algo will stop for a single day and resume next day onwards. |
| Target profit: | same as max loss. |
| Signal: | Fresh/Running. (if entry condition met at previous time close it will not be considered for fresh). P&F example on 1 min current time 9.20 am, it will check if at 9.19 am close if condition was met (assuming entry was not taken), if yes then its running condition at 9.20. Renlo example on 1 min current time 9.20 am, it will check if at 9.19 am close condition was met (lets take example of swing breakout, at 9.19 swing breakout was not met) but at 9.20 swing breakout happens but it prints 3 more boxes after swing breakout. This will qualify as a fresh entry because 9.19 condition was not met and 9.20 it was, it’s not based on the last brick as fresh for Renko. |
| Entry After: | Chart condition is checked from given time including given time for trigger. (example, entry after 9.20 am, if triggered on 9.20 am candle it qualifies and entry time in dashboard shows 9.21 am.) Even if there is no “entry after” condition, entry that qualifies on 9.50 brick, is shown executed at 9.51 (it is not error 9.50 brick gets printed when minute is closed and thus 9.51 has begun). |
| No Entry After: | No trades will be taken for entries triggered after specified timeframe. |
| No Exit Before: | Exit will not be taken even if triggered before specified time. Users need to be cautious here if exit condition is Dsmart bearish crossover, and crossover takes place at 9.15 but users who have selected no exit before 9.20 algo will wait for scrip to go above Dsmart and fall below again for exit to trigger. |
| Squareoff: | Positions get automatically squared off at specified time, if no time is specified intraday trades will be auto squared off at 3.12 PM. |
| ENTRY DETAILS Note: These conditions will be checked on the underlying’s chart and not on derivatives chart. | |
| Chart type: | Select from 6 options on DD menu |
| Entry Condition: | Can be selected from existing conditions in Pre & Popular section or from system builder in My section. Note: Conditions will be checked on the charts of the underlying and not directly on the options charts. |
| System Builder: | Allows Users to create their custom conditions on 6 types of charts and users can add upto 9 conditions for their custom price pattern. |
| No of lots: | Users can define the number of lots to be traded per trade. |
| Timeframe: | Entry conditions will be evaluated at the close of the particular time frame. |
| Chart Parameters: | Box size, Reversal size, Close only charts, High Low charts, turnaround, lines, etc: Selectable parameters available based on chart type selected. |
| Options Users can select what type of derivative strategy they want to use | |
| CE/PE: | Select these to trade naked options. For example, to buy PE, users need to select “Long” at the start of the strategy page, enter conditions on the underlying, when they would like to buy puts and then select PE in the “Options > Option Strategies” tab. Users will get to select whether they want to trade in weekly, second week, monthly and second monthly expiries. Users will have the option to select strikes based on Level (moneyness), Delta or Option Premium. |
| Straddle/Strangle: | Similar to naked options, the direction of Straddle/Strangle will depend on what’s selected at the beginning. Straddle will have the option to select expiry and strike only on Level basis. Strangle will have the option to select expiry and strike just like naked options. For Straddle if ATM+2 is selected and if ATM is 24000, Algo will trade 24100 Straddle. For Index additional option of filtering strikes ending with 50,100,500 is provided (different for different indices). |
| Spreads: | For spreads users will get the option to select expiry, and for each leg they can select which level/delta/premium to buy and sell. For example Users can select for a Bull Call Spread to Buy 45-55 Delta Call and sell 15-25 Delta Call whereas for Bear Call Spread Users can select to Sell 45-55 Delta Call and buy 15-25 Delta Call. For Index additional option of filtering strikes ending with 50,100,500 is provided (different for different indices). |
| Futures: | Users can trade Naked futures or trade Futures with hedges. For Long algos Users will have the option to trade Long Fut, Long Fut and Short Call, Long Fut and Long Put and for Short algos Users will have the option to trade Short Fut, Short Fut and Long Call, Short Fut and Short Put. (Note: For Futures strategies only, users can trade in different expiry in futures leg and different in options leg) |
| FILTERS | |
| Daily RT Filter: | (chart type and conditions): These conditions will be monitored in real time on daily timeframe charts for the scrips available in the selected group at the time of starting the algo. Note: These are checked on real time charts so “reprinting” is very much possible. Filter is designed to check on Real time. |
| MT Filter: | (chart type, condition, TF): Users can select any scrip as your Market Trend Filter, it can be a broad market Index like Nifty 50 or volatility index like India VIX. |
| India VIX filter: | Users can select to check if India vix is above, below or within specified range while entry gets triggered. |
| Intraday Filter: | (available for both Intraday and Positional algos): It checks for an additional condition on scrips where entry is triggered. |
| Rzone Filter: | This option is available only if algo is made on a group and not for single scrip algos. This feature allows users to select Rzone scanners as an additional filter on the selected group. To use this feature, users need to save their conditions as a “strategy” in their Rzone > Analytics section. A combination of scanner conditions can be saved as a “strategy” in Master Scanner and even that can be used as a filter. If a user selects this feature he/she/they will have to start the algo manually everyday. Once started, Rzone scanners will run on the selected group and provide a final tradable universe for the day. Note: this is not a continuous scanner, stocks are filtered once while strategy is started and the group remains static throughout the day. |
| Roll Over: | Users can select Roll Over option if they wish to close current expiry contract before expiry. Users can select number of days before expiry when they wish to square off current expiry contracts. (Note: User must enter Calender days instead of Trading days, with expiry day starting with Zero.) Users can determine when they wish to execute under Roll-Over at time. Trades will be executed ‘n’ days prior to expiry at specified time. If that day is a trading holiday, trades will be executed next trading day. |
| Roll Over Type: | Users can define what action they want on rollover day. Exit current, Entry next: Users can select this option if they want to square off their current expiry contract and simultaneously open next expiry contract in the same position. (Note: for Spreads, Straddles etc algo might take entry in new strikes based on level, delta or premium conditions specified by users for original entry). Only Exit current expiry: Users can select this option if they wish to only square off contracts of current expiry. Algo will square off current expiry contracts at given day and time, and from that time onwards if any entry conditions qualify algo will take trade in the contracts of next expiry (Note: this effect will remain only till next expiry becomes current). |
| EXIT | |
| Exit Conditions: | Users can set their preferred exit conditions however they cannot change chart type or configurations. |
| SL, TGT, TSL: | Users will have the option to select SL, TGT & TSL based on either underlying or strategy. Points and Percentage for Option Strategies will be calculated on net premium received or paid irrespective of strategy’s breakeven, max loss, max profit etc. (Note: TSL is available only for intraday trades and it will get activated if the scrip moves that much distance in favour, for example a TSL for CE buy with premium of 100 and TSL of 20% will get activated only when premium moves to 120) |
| Exit Intraday Filter: | Additional set of conditions available for both positional and intraday strategies. Conditions are based on intraday charts of the underlying and if met, respective positions will be squared off. |
| Remarks: | This is the name that will show up in order id and trade journal. |
| CHART BASED OPTIONS Users will start with option to trade in CE/PE/Straddle/Strangle | |
| Parameter/Detail | Description |
| Strategy type: | Virtual/Real |
| Strategy name: | |
| Exchange: | NSE, FUT. |
| Scrip/Group: | (Group locked in start of strategy. If edit made after strategy has already started, stop and restart strategy to run on changed constituents. If entry is made in a stock and it drops out of the group, exit will happen only if exit conditions are met, no automatic exit based on change in Group constituents) |
| Action: | Long/Short (Long and Short here does not refer to strategy direction but to the direction of trade in derivative instruments) |
| Strategy Type: | Intraday/Positional/BTST/STBT |
| BTST: | STBT cannot be traded in cash instruments. If users select BTST/STBT option they need to compulsorily mention Entry After and Exit At time. Entry After is supposed to be always > Exit at for BTST/STBT strategies to avoid intraday square off. Algo will take entries after specified time according to entry conditions. These positions will be exited at either exit condition or next day exit time, whichever comes first. (Note: BTST is not yet available for partial entry and exit based algos) |
| Order type: | Limit (cannot be changed) |
| Order validity: | Day (cannot be changed) |
| Market Protection: | in percentage, if 5% selected and entry triggered at 100, limit order at 105 will be fired. Keep market protection based on instruments for stocks and futures 0.5-1% is good for entry and exit. For index options 5-10% is recommended. For stock options, one needs to individually check bid-ask etc for each scrip and decide. |
| Max Open Positions: | Maximum number of open trades allowed for a particular strategy |
| Max trades: | Maximum entries allowed per day (applicable only for intraday strategies) |
| Max loss: | if predecided max loss amount for all positions combined in a particular strategy is hit, all open positions in that strategy will be closed for the day. Applicable on Intraday as well as Positional strategies. For Positional strategies as well algo will stop for a single day and resume next day onwards. |
| Target profit: | same as max loss. |
| Signal: | Fresh/Running. (if entry condition met at previous time close it will not be considered for fresh). P&F example on 1 min current time 9.20 am, it will check if at 9.19 am close if condition was met (assuming entry was not taken), if yes then its running condition at 9.20. Renlo example on 1 min current time 9.20 am, it will check if at 9.19 am close condition was met (lets take example of swing breakout, at 9.19 swing breakout was not met) but at 9.20 swing breakout happens but it prints 3 more boxes after swing breakout. This will qualify as a fresh entry because 9.19 condition was not met and 9.20 it was, it’s not based on the last brick as fresh for Renko. |
| Entry After: | Chart condition is checked from given time including given time for trigger. (example, entry after 9.20 am, if triggered on 9.20 am candle it qualifies and entry time in dashboard shows 9.21 am.) Even if there is no “entry after” condition, entry that qualifies on 9.50 brick, is shown executed at 9.51 (it is not error 9.50 brick gets printed when minute is closed and thus 9.51 has begun). |
| No Entry After: | No trades will be taken for entries triggered after specified timeframe. |
| No Exit Before: | Exit will not be taken even if triggered before specified time. Users need to be cautious here if exit condition is Dsmart bearish crossover, and crossover takes place at 9.15 but users who have selected no exit before 9.20 algo will wait for scrip to go above Dsmart and fall below again for exit to trigger. |
| Squareoff: | Positions get automatically squared off at specified time, if no time is specified intraday trades will be auto squared off at 3.12 PM. |
| ENTRY DETAILS | |
| Chart Type: | Users can select form 6 options in DD menu |
| Entry Condition: | Users can select from predefined conditions under “Pre/Popular” section or from system builder under “My” section. Note: Conditions will be directly checked on Options Charts. |
| System Builder: | Allows Users to create their custom conditions on 6 types of charts and users can add upto 9 conditions for their custom price pattern. |
| No of lots: | Users can define the number of lots to be traded per trade. |
| Timeframe: | Entry conditions will be evaluated at the close of the particular time frame. |
| Chart Parameters: | Box size, Reversal size, Close only charts, High Low charts, turnaround, lines, etc: Selectable parameters available based on chart type selected. |
| Options: | |
| Expiry Type: | Users can select from Weekly, Second Weekly, Monthly and Second Monthly expiries. |
| Strike Type: | Users can select form Level (moneyness), Delta or Option Premium. For Straddle only Level (moneyness) can be selected. |
| Strike Price: | Based on what type is selected Users can select ATM/OTM/ITM or Delta range or Premium Range. |
| Strike Filter: | This option is available only on Index options (if selected as a scrip and not as a part of a group). Users can select strikes ending with 50,100,500 etc based on which index they are trading. For example for Nifty Options, Users can select to trade in 100s strike only. |
| FILTERS | |
| MT Filter: | (chart type, condition, TF): Users can select any scrip as your Market Trend Filter, it can be a broad market Index like Nifty 50 or volatility index like India VIX. |
| India VIX filter: | Users can select to check if India vix is above, below or within specified range while entry gets triggered. |
| Intraday Filter: | (available for both Intraday and Positional algos): It checks for an additional condition on scrips where entry is triggered. |
| Roll Over: | Users can select Roll Over option if they wish to close current expiry contract before expiry. Users can select number of days before expiry when they wish to square off current expiry contracts. (Note: User must enter Calender days instead of Trading days, with expiry day starting with Zero.) Users can determine when they wish to execute under Roll-Over at time. Trades will be executed ‘n’ days prior to expiry at specified time. If that day is a trading holiday, trades will be executed next trading day. |
| Roll Over Type: | Users can define what action they want on rollover day. Exit current, Entry next: Users can select this option if they want to square off their current expiry contract and simultaneously open next expiry contract in the same position. (Note: for Spreads, Straddles etc algo might take entry in new strikes based on level, delta or premium conditions specified by users for original entry). Only Exit current expiry: Users can select this option if they wish to only square off contracts of current expiry. Algo will square off current expiry contracts at given day and time, and from that time onwards if any entry conditions qualify algo will take trade in the contracts of next expiry (Note: this effect will remain only till next expiry becomes current). |
| EXIT | |
| Exit Conditions: | Users can set their preferred exit conditions however they cannot change chart type or configurations. |
| SL, TGT, TSL: | Users will have the option to select SL, TGT & TSL. Points and Percentage will be calculated on net premium received or paid irrespective of strategy’s breakeven, max loss, max profit etc. Same for Naked CE/PE trades percentage and points will be calculated on Options Premium paid or received. (Note: TSL is available only for intraday trades and it will get activated if the scrip moves that much distance in favour, for example a TSL for CE buy with premium of 100 and TSL of 20% will get activated only when premium moves to 120) |
| Exit Intraday Filter: | Additional set of conditions available for both positional and intraday strategies. Conditions are based on intraday charts of theOptions and if met, respective positions will be squared off. |
| Remarks: | This is the name that will show up in order id and trade journal. |
| PAYOFF and OPTION CHAIN | |
| Parameter/Detail | Description |
| Strategy type: | Virtual/Real |
| Strategy name: | |
| Exchange: | FUT. |
| Scrip: | These algos can be built on a single scrip at a time. |
| Strategy Type: | Intraday/Positional |
| Expiry Type: | Users can select from Weekly, Second Weekly, Monthly or Second Monthly. |
| Order type: | Limit (cannot be changed) |
| Order validity: | Day (cannot be changed) |
| Market Protection: | in percentage, if 5% selected and entry triggered at 100, limit order at 105 will be fired. Keep market protection based on instruments for stocks and futures 0.5-1% is good for entry and exit. For index options 5-10% is recommended. For stock options, one needs to individually check bid-ask etc for each scrip and decide. |
| Max loss: | if predecided max loss amount for all positions combined in a particular strategy is hit, all open positions in that strategy will be closed for the day. Applicable on Intraday as well as Positional strategies. For Positional strategies as well algo will stop for a single day and resume next day onwards. |
| Target profit: | same as max loss. |
| ENTRY | |
| Entry Timing: | Entry at/Entry After: Users have an option to select their specified time for execution of the strategy. If Entry At is selected all legs will get executed at that time, if Entry After is selected, legs will get executed anytime after the selected time. No Entry After: No trades will be taken for entries triggered after specified timeframe. This is only visible if “Entry After” Option is selected. |
| Squareoff: | Positions get automatically squared off at specified time, if no time is specified intraday trades will be auto squared off at 3.12 PM. |
| Scrip Condition: | Users can select scrip’s price above or below a certain value as a filter for entry. For example, Nifty above 24500, then algo will only be executed if Nifty is above 24500. |
| Exit type: | Strategy wise (SL and Tgt available in Exit Details), Leg Wise (for each leg separate exit based on tgt and sl of that leg or underlying is provided) If leg wise exit is selected – Users get option to either re-enter the entire strategy after all legs exit or an option to re-enter same leg immediately after exit. |
| STRATEGY CONDITIONS | |
| Leg Configuration: | Action: Long or Short particular leg Options symbol: CE/PE No. of lots for that particular leg Strike Type: Users can select form Level (moneyness), Delta or Option Premium. For Straddle only Level (moneyness) can be selected. Strike Price: Based on what type is selected Users can select ATM/OTM/ITM or Delta range or Premium Range. Exit Mode (only if leg wise exit selected): Users can base exit on Option Premium or Underlying. Option Premium: Users can select percentage or amount based sl and/or target. Scrip: Users can select to exit if Underlying moves up by certain points or percentage or moves down by certain points or percentage. Add leg: Users can add multiple legs (process will be similar as above) |
| Exit Details (if strategy wise exit selected): | |
| Exit Options: | Users can base exit on Option Premium or Underlying. Option Premium: Users can select percentage or amount based sl and/or target. Scrip: Users can select to exit if Underlying moves up by certain points or percentage or moves down by certain points or percentage. (Note: Here combined premium received or paid of all legs will be considered for percentage based sl and tgt) |
| FILTERS: | |
| India Vix: | Users can filter whether to enter the strategy or not based on whether India Vix is above or below a certain level. |
| ATM PCR: | Users can filter whether to enter the strategy or not based on whether ATM PCR is above or below a certain level. |
| Nifty TOI: | Users can select Weekly or Monthly TOI and one among 4 conditions listed in DD menu |
| Remarks: | This is the name that will show up in order id and trade journal. |