Hi all,
There was a most demanded question by retail traders, whether we can automate trades in Options using scanners from Chartink
We are glad to announce that we are India's first web based Algotrading platform to provide you this facility.
Let's understand how does it work ?
Create your custom scanner on chartink and save it in your dashboard.
Replace the name of scanner to BUY/SELL/SHORT/COVER (Any one depending on the function)
Create a alert by adding the chartink alert data from Algofox and Webhook URL
And that's all congratulations you have now automated trades from chartink to Fyers.
To automate trades in option, replace the instrument type from EQ to OPTIDX and mention your desired strike type (ATM/OTM/ITM) in Algofox option watchlist, and now trades will be seamlessly automated in options.
Here is the detailed tutorial video : https://youtu.be/XSi9netUSUY
Few Highlights
You can even place Limit orders in Options in Fyers terminal.
For big quantity there is automated order slicing, so you need not worry about it.
You can set Target and Stoploss based on option premium.
You can define Max Profit and Loss per day per scanner in Algofox.
You can define Square off all time per scanner.
You can define Max trades, Max orders, Max long positions, Max short positions and much more in algofox.
Get alerts of every order executed on your telegram.
Manually intervene to square off positions or modify orders
Best part
Since we are a web based platform, it means you need not keep your machine or internet active, just generate token and close everything, algofox will take care of your trades. Say goodbye to installations, VPS servers and other headaches.
GIVE AWAY - Take one week trial of our platform by visiting https://trade.algofox.in/