For strike configuration, there are two modes available:
There are following modes available to protect profits and it’s available at strategy level and portfolio level both:
• There is no limitation on how many strangles/straddles you can create.
• You can also save day-wise configurations if you are running different strategies on different days.
• Paper trading functionality with PNL and order book generation.
Global Configurable Parameters:
(These parameters are common for all the straddles/strangles taken by the user.)
Configurable Parameters at Straddle/ Strangle level:
(These parameters can be configured separately for each straddle/strangles.)
Trailing Logic:
Example :
Entry Type = Buy
For trailing, if LTP / Combined LTP = 100, Initial SL % = 10% Trailing X% = 5%, and Trailing Y% = 5%, then it will trail like following:
Entry Type = Sell
For trailing, if LTP / Combined LTP= 100, Initial SL % = 10% Trailing X% = 5%, and Trailing Y% = 5%, then it will trail like following:
Order Configuration:
Entry Order:
SL Order:
Individual Leg SL:
Combined Leg SL:
You can tweak “Limit buffer %” and “Seconds to modify order” parameters as per your requirement to get the best results.
If the broker’s API fails due to any reason while modifying the SL order to market after X seconds, then your position will be open without any SL. In this type of scenario, you will need to manage and exit manually.
Screens:
Some Other Functionalities:
Que 1: What if I don’t want the trailing stop loss? OR How to use fixed stop loss without trailing them as 0,0 are not acceptable values for X% and Y%
Ans: Keep the value of X% very high.
Que 2: Can I take entries into straddle/strangle at different times?
Ans: Yes, you can enter multiple times with different entry times and there are no limitations on how many times you want to take entry.
Que 3: Can I take Re-entries on straddle?
Ans: Yes, the Re-entry option is available based on LTP or candle closing based along with the option to select individual or combined leg.
Que 4: Can I keep SL on the individual leg?
Ans: Yes.
Que 5: Can I keep combined SL on the premium of straddle/strangle?
Ans: Yes.
Que 6: Can I change Global max profit and Global max loss after entry of position?
Ans: Yes.
Que 7: Can I login into my Zerodha Kite account while algo is running?
Ans: Yes.
Siddhartha Timbadia (verified owner) –
Your software is best and fast for exiting trade at stoploss to keep traders on safe side.
Not got any technical issue till now with easy to use features.
Best algo software so far …
Moreover, Dharmesh Sir is so supportive and helpfull in everyway.
I am not getting this at other companies like stoxxo.
Keep growing and thank you