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Product Details

TradeMate – Best Options Trading Tool

(1 customer review)

Discretionary Options Trading

TradeMate is your ultimate options trading platform focusing on index options, providing comprehensive live trading assistance to streamline your trade flow. With our cutting-edge tradeflow algo, enjoy lightning-fast execution and real-time insights, boosting your confidence in live or paper trading across various indexes. Plus, benefits from automated order splitting for hassle-free trading.

Indexes: Nifty | Bank Nifty | Fin Nifty | Midcap Nifty | Sensex

Offers:
1. Starter plan: Get a 50% DISCOUNT on the 1st monthly subscription. Use coupon code “trademate” at the time of checkout. (Applicable one time per client ID)
2. Open Demat A/c with us and get a FLAT 50% Discount

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Features

What are the advantages of Myalgomate’s Trademate Execution Tool?

  • Simple Desktop software with a Simple and Clean UI.
  • All 5 Index Options (NIFTY, BANKNIFTY, FINNIFTY, MIDCAP NIFTY, and SENSEX) are Available more will be available Soon.
  • Facility to do Paper Trade and Live Trade.
  • Place Limit Order or Market Orders you can pre-define, Limit Order Configuration for Limit Orders.
  • Custom Buttons for Add, Move, Exit Strikes.
  • You can Flip the Strikes from Buy to sell or Sell to buy with 1 Click or You can Flip positions from Put side to call side or vice versa.
  • Direct Entry from Live Options Chain. The System allows you to buy or Sell from the Options chain you can enter individual leg or Combined Legs.
  • Automatic Order Splitting, Traders who place orders with very huge Quantities Like 25,000-50,000 Qty, instead of placing it manually can place the order with just a single buy/sell button.
  • Spot Price, nearest monthly Future, and Nearest Weekly Future Price for all Index available in Option Chain and Strategy Template.
  • Pre-defined strategy legs Short Straddle, Strangle Iron Fly Bull Spread, Bear Spread, etc.
  • Four Strategy Mode Available: Immediate, Time-based, Underlying, Option Premium based.
  • The underlying strategy has 3 Options: Spot, Future, and Synthetic Future Underlying.
  • Option Premium-based Entries have Individual/Combined LTP options available.
  • In all these strategies, strike selection can be made Direct strike, ATM points based, Closest Premium based.
  • Strategy Monitor to track every strategy that is Running, Pending, Stopped, etc.
  • Index-wise MTM with MTM High and MTM low with Total Delta and Total Decay available in the current position.
  • RMS Settings: You can set Max Profit, Max Loss, Protect Profit, and Exit Time. It can be updated at any point in time. Max loss has options like Immediate exit, Delayed Exit, and Tick based Exit.
  • You can also choose if you want to Exit all legs or Exit only sell legs.
  • Live MTM Telegram Alerts.

Product Demonstration :

Trademate Bullish Strategy

Receive Telegram Notifications:

  • Stay informed with instant Telegram notifications for software errors.
  • Configure the system to send real-time Mark-to-Market (MTM) updates at your chosen intervals.

Live Option Chain

Quick Entry into Straddles/Strangles(Live Option Chain):

  • Comprehensive Options Data: Observe real-time prices for straddles and strangles across all strike options, accompanied by their combined Last Traded Price (LTP).
  • Effortless Trading: Users can quickly buy or sell either the entire straddle/strangle or individual Call (CE) and Put (PE) options with a single click.
  • Automatic Order Splitting: The system will automatically divide orders by your configured settings for larger quantities.

Available Fields: STRIKE, LTP, OI, VOLUME, INTRINSIC, PREMIUM, DELTA

Live-Option-Chain
Live-Option-Chain

Add / Exit / Move

Pyramid positions with a single click:

  • Quick Add Position: Select from predefined configurations to add 25%, 50%, or 100% positions with a single click, or create a custom button to add your desired quantity.
  • Configuration Control: Easily configure these options in your settings to simplify and streamline your user interface.
  • Clean UI: Maintain a clutter-free interface by disabling any unused options.

Trademate Add Setting

Complete/Partial Exit with a single click:

  • Quick Exit Position: Select from predefined configurations to exit 25%, 50%, or 100% positions with a single click, or create a custom button to exit your desired quantity.
  • Configuration Control: Easily configure these options in your settings to simplify and streamline your user interface.
  • Clean UI: Maintain a clutter-free interface by disabling any unused options.

Trademate Exit Setting

Single click Adjustments:

  • Easy Position Adjustment: Quickly modify your option positions with a single click, allowing for up to a two-strike adjustment in either direction.
  • Adjustment Options: Choose from predefined adjustments – 25%, 50%, or 100% – or create a custom move quantity button for gradual shifts.
  • Configuration Control: Easily configure these options in your settings to simplify and clean up your user interface.
  • Transition Choices: When transitioning to a new strike, decide whether to move to the next immediate strike or one strike further.
  • Clean UI: Keep your interface clean by disabling any unused options.

The delay between exiting the old position and taking the new position(In seconds)

The delay (in seconds) between exiting an individual option position and taking a new one to avoid rejection due to margin constraints.
If you maintain an additional margin then you can keep 0.

Trademate Move Setting

Quick Flip

Quick Flip BUY / SELL

Enable automatic flipping of buy positions to sell positions with the flip button.
If you have a buy position of 100 quantities in any option contract, it will exit the buy position and sell another 100 quantities to flip the position.

Quick Flip CE / PE

Enable automatic conversion of buy positions from Call Options (CE) to Put Options (PE) and vice versa with the click of the flip button.
If you have a buy position of 100 quantity in a CE, it will exit the same position and buy the PE with the same quantity and strike.

Other Setting related to Flip Functionality:

The delay between flipping sell positions and buy positions :

It will flip sell positions first.
The delay (in seconds) between the start of flipping of sell positions and flipping buy positions to avoid rejection due to margin constraints.
If you maintain an additional margin then you can keep 0.

Individual Option Position Flip Delay (secs) :

The delay (in seconds) between exiting an individual option position and taking a new one to avoid rejection due to margin constraints.
If you maintain an additional margin then you can keep 0.

Trademate Flip Setting

Order configuration

Order Splitting & Order Configuration:

  • When the quantity exceeds the specified freeze limit, it will automatically divide into multiple orders.
  • Order Types: Limit / Market
  • Product Types: MIS / NRML
  • Order filling mechanism for limit orders:

For limit orders,

Setting the Limit Price: You have the option to set the limit price using a Limit buffer %/Pts. For instance, if you set the limit buffer to 2 points, and the Last Traded Price (LTP) is 100, it will place a sell order with a price of 98.

Order Execution Timeout: In case the order doesn’t get executed within the specified time frame, you can choose from the following options:

  1. Automated Order Modification: Modify the order to a market order after X seconds.
  2. Periodic Limit Price Adjustment: Adjust the limit price at regular intervals of X seconds.

Trademate Order Setting

Strategy Templates

Index Selection:

Choose the relevant index from the provided dropdown list : Nifty | Bank Nifty | Fin Nifty | Midcap Nifty | Sensex

Validity Options:

  • Select one of the three validity modes for the strategy:
    1. Current Day
    2. Applicable until the Defined Date
    3. Applicable until Execution

Entry Order Preferences:

  • Specify the preferred entry order for all legs:
    1. – Buy first, then Sell
    2. – Sell first, then Buy

Entry Modes:

    1. Immediate Entry:
      – Choose the strategy type (Neutral/Bullish/Bearish).
      – Simultaneously enter the market with multiple legs.
      – No restrictions on adding legs to the strategy template.
      Select the strike using:

      1. – Direct Strike
      2. – ATM Points
      3. – Closest Premium
    2. Time-based Entry:
      – Define a specific time to enter or exit the market with multiple strikes.
      – Select legs from predefined options or manually input legs into the strategy template.
    3. Underlying-based Entry:
      – Enter the market based on underlying breakout or breakdown at specified levels.
      – Choose the underlying source:

      1. – Spot
      2. – Nearest Future
      3. – Nearest Weekly Synthetic Future
    4. Option-based Entry:
      – Place orders based on option prices.
      – Choose Individual LTP or Combined LTP for Multi-leg entry.
      – Execute Multi-leg entries based on individual scans at a particular LTP.
      – Select the strike directly or based on ATM.

Reverse Functionality:

– Utilize a single button to switch the entry type – from Buy to Sell or Sell to Buy.

Strategy Monitoring:

  • Display all entered strategies in the strategy monitor.
  • Perform actions such as Edit, Delete, Copy, Stop, or Start on strategies at any given time.
  • The Status column will indicate the strategy’s current status – whether it’s Pending, Triggered, Stopped, etc.

Trademate Strategy Templates

Strategy Templates:

  • Neutral Strategy Templates:

Trademate Neutral Strategy

  • Bullish Strategy Templates:

Trademate Bullish Strategy

  • Bearish Strategy Templates:

Trademate Bearish Strategy

RMS Features

Risk Management Options:

  • Max Profit and Max Loss Configuration: When your total positions reach a specified level, all positions will be automatically exited.For example, if you set a Max Profit level of 50,000 Rs, the system will exit all positions as soon as your cumulative profit reaches 50,000 Rs. Similarly, if you set a Max Loss level of 50,000 Rs, the system will exit all positions when your cumulative loss reaches 50,000 Rs.
  • Profit Protection Modes:
    1. Lock Minimum Profit:
      • If Profit Reaches: Set at 10,000 Rs.
      • Lock Min Profit At: Set at 5,000 Rs.
      • When profit reaches 10,000 Rs, the system locks the minimum profit at 5,000 Rs.
      • All positions exit if the Mark-to-Market (MTM) decreases to 5,000 Rs.
      • This action occurs once.
    2. Trail Profits:
      • Increase in Profit: Set at 5,000 Rs.
      • Trail Min Profit by: Set at 3,000 Rs.
      • As profit increases by 5,000 Rs, the minimum profit locks at 3,000 Rs.
      • For instance, at 5,000 Rs profit, the minimum profit is locked at 3,000 Rs.
      • At 10,000 Rs profit, the minimum profit locks at 6,000 Rs.
      • This continues for subsequent profit increments.
    3. Lock & Trail Profits:
      • Profit Reaches: Set at 10,000 Rs.
      • Lock Min Profit At: Set at 5,000 Rs.
      • Increase in Profit: 5,000 Rs.
      • Trail Min Profit by: 3,000 Rs.
      • When profit reaches 10,000 Rs, the system locks the minimum profit at 5,000 Rs.
      • As profit increases, it trails profit with increments of 3,000 Rs.
      • For instance, at 15,000 Rs profit, the minimum profit is locked at 8,000 Rs.
      • At 20,000 Rs profit, the minimum profit is locked at 11,000 Rs, and so on.
    4. Trail Max Loss:
      • Max Profit and Max Loss: Both set at 10,000 Rs.
      • Trail Max Loss X and Y: 1,000 Rs and 500 Rs.
      • As MTM increases from 0 to 1,000 Rs, the max loss trails from -10,000 Rs to -9,500 Rs.
      • As MTM further increases to 1,500 Rs, the max loss trails to -9,000 Rs.
  • Other options:
    • Time-Based Exit: Automatically exit all positions at a predefined time.
    • Quick Exit Buttons: Swiftly exit all positions or specific index positions with a single click.

1 review for TradeMate – Best Options Trading Tool

  1. Avatar Of Ashwini Kumar

    Ashwini Kumar (verified owner)

    Best tool for hassle free trading on 0DTE, Execution is top notch…

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