Stock Mock strategies can be automated using this Algo Trading tool.
This strategy works on the Index Options Nifty and Bank Nifty.
Join this telegram channel to get updates on this product: https://t.me/myalgomatestraddle
Or Search with the name “myalgomatestraddle”
• The Advanced version has all the features of Basic + Combined leg SL and Max profit and max loss per straddle/strangle.
• 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.
• This tool can be used for selling/ buying options straddles/strangles time-based.
• You can create different straddles/ strangles to enter at different times.
Check out the COMPARISON tab to know the difference between BASIC, ADVANCE, and PRO.
Live Demonstration Video:
Intraday or Positional:
Strike Configuration:
For strike configuration, there are two modes available:
Entry by ATM Points:
Examples:
Entry by ATM percent:
Examples:
Entry by ATM Closest Premium (CP):
Examples:
Entry by CP based on Straddle Premium (SP):
Examples:
Stop Loss Logic:
SL Type: Individual Leg SL
SL Type: Combined Leg SL
Protect Profit:
There are three modes available to protect profits:
Lock Minimum Profit:
Example:
If Profit Reaches = 10000
Lock Min Profit At = 5000
When your profit reaches 10000, it will lock the minimum profit at 5000. So when your MTM comes down to 5000, it will exit all positions.
This happens one time only.
Trail Profits:
Example:
Increase in Profit = 5000
Trail Min Profit by = 3000
With every 5000 increase in profit, it will trail your min profit by 3000.
When profit reaches 5000, min profit locked at 3000
When profit reaches 10000, min profit locked at 6000 and so on…
Lock & Trail Profits:
In this mode, first, it will lock the profit at Lock Min Profit value and then it will start trailing profits.
Example:
If Profit Reaches = 10000
Lock Min Profit At = 5000
Increase in Profit = 5000
Trail Min Profit by = 3000
When your profit reaches 10000, it will lock min profit at 5000
After that,
When your profit reaches 15000, min profit locked at 8000
When your profit reaches 20000, min profit locked at 11000 and so on…
Please note, when your profit comes down to lock profit level, it will start exiting positions. It doesn’t mean that you will get the exact profit as per your lock profit value.
Exit Conditions:
• There is no limitation on how many strangles/straddles you can create.
• You can also save day-wise configurations if you run 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 straddles/strangles.)
Trailing Logic:
Example 1: Equal distance trailing
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:
Example 2: Unequal distance trailing
Entry Type = Buy
For trailing, if LTP / Combined LTP = 100, Initial SL % = 10% Trailing X% = 5%, and Trailing Y% = 3%, 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% = 3%, 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:
Supported Broker:
Infrastructure :
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 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 max profit and max loss after entry of position?
Ans: Yes.
Que 7: Can I login into my Zerodha Kite account while algo is running?
Ans: Yes.
