In options trading, having the right strategy is only one part of the equation. When managing multi-leg positions, coordinating entries, adjustments, and risk according to a trading plan requires flexibility and control, especially as market conditions change.
At FYERS, we have built tools like the Option Chain, Strategy Builder, Options Analytics, Option Scalper, and Automate. We also recognise that active options traders have their own preferences for execution and position management, and we want to give them more choice.
That’s why we’ve integrated TradeFlow with FYERS, bringing a professional-grade Windows desktop platform for traders who want greater customisation and control. It adds another specialised option to the tools already available on FYERS, so you can execute and manage your strategies in a way that suits your trading approach.
Execute the Strategy with More Control
When you plan a Straddle or Strangle, you’re looking at multiple option legs as one strategy. But executing them manually involves placing separate orders and coordinating the positions. The process becomes more demanding when you’re trading spreads, working with custom strategies, or managing several positions during the same session.
With TradeFlow, you can configure and execute Straddles, Strangles, spreads, and custom multi-leg strategies through a single execution setup. Rather than handling every leg individually, you can initiate the strategy with one click and manage the execution in a more coordinated way.
This also extends to traders dealing with larger quantities. TradeFlow supports bulk-order execution, helping you handle multiple order requests more efficiently, subject to applicable trading limits.
If an order gets rejected due to insufficient funds, TradeFlow can automatically adjust the order size based on your available margin and retry it. This saves you the effort of recalculating and placing the order manually, subject to applicable lot-size and margin requirements.
Straddle Entry
Strangle Entry
Custom Entry
But having greater control over execution isn’t only about placing orders together. It’s also about deciding when and under what conditions those orders should be placed.
Plan Your Entries and Exits in Advance
Not every trade begins at a fixed time. Sometimes, you may want to enter only after the market crosses a particular level. Other times, you might prefer executing different legs of a strategy at different times or adding to a directional position as the market moves in your favour.
It also gives you the flexibility to plan these entries around your trading approach. You can schedule the execution of individual strategy legs or define breakout conditions using price levels, support and resistance, and spot or synthetic prices.
Consider a directional NIFTY trade.
“Suppose you want to buy 1,755 units of the 24,000 CE only when NIFTY spot moves above 24,050. If the index continues rising and crosses 24,070, you plan to add another 2,600 units to the position.”
Both entries are part of your strategy, but executing them manually means tracking the market and acting when those levels are reached.
Spot Rules Entry
With TradeFlow’s Spot Rules, you can define these conditions in advance so that orders are triggered when the specified levels are met. This allows you to follow your planned entries and add to positions as the market moves, without having to initiate each order manually.
And this flexibility is not limited to directional trades. It also supports manual, time-based, and other condition-based execution methods, with configurations based on quantity, margin, and baskets. Whether you’re following breakout opportunities or prefer scheduled entries and exits, you can choose an approach that fits your strategy.
Manage Positions, Hedges, and Risk Together
Once a strategy is executed, the focus shifts to managing the position. Market conditions can change quickly, and you may need to adjust your exposure, manage hedges, or review your risk while the trade is still active.
Automation Rules
Allowing you to make supported changes as market conditions develop. It also brings hedge management into the same environment, helping you manage your primary positions and associated hedges as part of the overall strategy.
Stop-loss & Target
For traders managing multiple hedged positions, looking at the performance of individual legs may not always give the complete picture. TradeFlow supports basket-level P&L management, allowing you to define an overall profit target or stop-loss for the combined basket. This helps you manage exits based on the performance of the strategy as a whole rather than relying only on individual position-level conditions.
For traders handling larger position sizes, there’s also support for bulk-order execution. This can make it easier to manage multiple order requests without placing and coordinating every order individually, subject to the applicable trading limits.
Keep Your Strategy Moving with Rolling and Re-entry
For some options traders, exiting a position doesn’t necessarily mean the trading plan is complete. Depending on how the market develops, the next step might be to enter another strategy or return to a position after a predefined exit.
TradeFlow supports rolling Straddles and Strangles, where the next strategy can be executed automatically when the existing one reaches its target or stop-loss. This is particularly useful for traders who follow a structured sequence of strategies instead of treating each trade as an independent decision.
There’s also support for re-entry, allowing a strategy to be entered again automatically after the previous position exits at its target or stop-loss, based on the configured rules.
The benefit is being able to plan how your strategy should continue beyond the initial trade. You decide the conditions, while TradeFlow helps carry out the supported execution actions as those conditions are met.
Bringing More Flexibility to Your Trading
At FYERS, we understand that every trader has a different way of approaching the market. Some prefer multi-leg strategies, while others follow directional moves or look for short-term trading opportunities. We’ve brought TradeFlow to FYERS to make it easier to execute these different approaches without getting caught up in the manual work behind every trade.
To help you experience TradeFlow, we’re offering FYERS users a 30-day free trial, followed by an introductory subscription of ₹2,500 + GST per month. Click here for more details.
If options trading is part of your routine, give TradeFlow a try and discover how much easier it can be to put your trading plans into action.