We are excited to announce the launch of three powerful new features to our Smart Strategies platform, designed to elevate your trading experience by automating trades with time-based scheduling, triggering options strategies based on premium levels, and optimizing risk management with target, stop-loss, and trailing stop-loss capabilities. 

1. Recurrent Time-Based Algo Strategies

Automate your trades like never before with our new time-based scheduling feature. Now, you can set your algorithmic strategies to execute at specific recurring times—daily, weekly, or on a custom schedule. This ensures that you capture every trading opportunity, even when you're not actively monitoring the market.

How to Create Recurrent Time-Based Strategies:

• Step 1: Navigate to Smart Strategies.
• Step 2: Choose from predefined strategies or create a custom one.
• Step 3: Select your Entry and Exit Dates. The strategy will be active from the Start Date to the End Date, executing at the specified Start and End times.
• Example: For a Start Date of September 1, 2024, at 9:30 AM, and an End Date of September 30, 2024, at 3:10 PM, the strategy will execute daily at 9:30 AM and exit at 3:10 PM.
• Step 4: Select the Days of execution. Choose "All" for daily execution.
• Step 5: Choose the strategy's Expiry. Select weekly for all weekly option contract legs or monthly for all monthly legs.

Example Strategy*:

• Strategy: Sell ATM straddle daily at 9:30 AM and exit at 3:10 PM with a 50% SL on each leg.
• Logic: The strategy capitalizes on neutral markets. If the market moves in one direction, one leg's SL is triggered, potentially resulting in a profit. If both legs' SLs are hit due to market fluctuations, the strategy may close at a loss.

Notes:

• Recurrent time-based strategies are not supported for positional strategies.
• A new strategy entry is created daily on the Deployed Strategies page with a "Stop" status.
• You must activate the strategy daily for it to execute successfully.
• Once activated, the strategy moves to the "Running" state at the defined entry time.
• The strategy exits based on the exit condition or time.
• To stop creating new entries, delete the strategy from the Deployed Strategies page.

2. Premium-Based Options Strategies

Gain greater control over your options trading with our new premium-based feature. You can now set desired premium levels and have your strategies automatically triggered when these conditions are met. This feature empowers you to execute trades with precision, based on market premiums.

Example Strategy:

• Strategy: Short NIFTY straddle when the combined premium exceeds ₹300.
• Logic: This strategy takes advantage of high volatility conditions where the premium is elevated. By shorting the straddle at a premium above ₹300, you aim to benefit from the potential premium decay if market volatility decreases.

3. Option Contracts with Target, Stop-Loss (SL), and Trailing SL

Our enhanced options execution capabilities allow you to manage your risk more effectively. Define target prices, stop-loss levels, and trailing stop-loss mechanisms for your option contracts and strategies. This gives you greater flexibility and security, optimizing your trades for better outcomes.

Example Strategy:

• Strategy: Buy NIFTY ATM option with a target of 50% and an SL of 20%, with a trailing SL of 5%.
• Logic: This strategy is designed to lock in profits as the trade moves in your favor. For every 5% profit earned, the SL shifts up by 5%. The trade continues to run until the target of 50% is reached or the adjusted SL is hit, ensuring that you capture gains while minimizing risk.

Join the Discussion

We encourage you to explore these new features and share your experiences or questions in our forum below. Let’s make the most of these advanced trading tools together!