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i want to automate my strategy. my conditions is after 9.16 if the sensex option strike price around 100 go up by 8% then buy CE and if it goes down then buy PE. Sl is 6% for both and TSL 1:1, . can anyone explain how to automate the strategy. i could not locate condition for momentum 8% up or down. contact no 98940*****
Hi @Hanuma_Narayanam, could you please clarify where you’re facing this issue? Is it while taking the selfie during the account opening process or somewhere else on the FYERS platform?
Hi Guru, you can use FYERS Automate to create and run rule-based trading strategies without coding. Go to FYERS Web → Automate, choose from the available ready-made strategies or create your own workflow using Triggers, Conditions, and Actions. You can also backtest your strategy before deploying it live.
For more details, refer to:
If you need any help while setting up your automation, feel free to reach out to us here. We’ll be happy to assist you.
Hi Asif, could you please share a screenshot or the details of the ₹10,578 charge shown in your account? This will help us identify the charge and clarify the exact reason for the deduction.
Hi Bharath, sorry to hear that. Could you please share a screen recording of the issue along with the platform you’re using (FYERS Web or App) and the chart type? This will help us understand the issue better and assist you accordingly.
Hi Guru, you can use the ready-made strategies available in FYERS Automate by going to Automate → Explore Strategies. Select a strategy, review the workflow, and customise the triggers, conditions, actions, and risk settings if required.
To backtest it, open the strategy and select Backtest. Choose the historical period, enter the initial capital and slippage, and run the backtest to review how the strategy would have performed using historical data.
For a step-by-step guide, refer to:
You can also read our detailed blog on Backtesting in FYERS Automate:
If you need any help while setting up or backtesting a strategy, feel free to reach out to us here. We’ll be happy to assist you.
Hi Vaidyanathan, you can automate this strategy in FYERS Automate, but the exact setup depends on what you mean by an 8% move.
The Price Breakout trigger supports percentage-based conditions such as Intraday Change % and Day Change %. Intraday Change % measures the move from the day’s opening price to the current LTP, while Day Change % measures the move from the previous close.
For your strategy, you can select the SENSEX option based on a premium close to ₹100, place the CE or PE order as required, and configure a 6% stop-loss along with a percentage-based trailing stop-loss in the order action.
However, if your requirement is specifically to capture the option premium at 9:16 AM and then trigger when that same premium moves 8% up or down from the 9:16 AM value, that is different from the standard Intraday Change % condition. Please share this clarification here, and we can help you with the appropriate workflow.
Also, for your privacy, we recommend not sharing your contact number publicly.