Contact person: Business Client

Phone:Show

Email:Show

Location: Kolkata, India

Budget: Recommended by industry experts

Time to start: As soon as possible

Project description:
"1. Objective

The Developer will design and deploy a fully functional Algo Trading Setup for the Client to execute and manage trades in:

Nifty, Banknifty, Sensex options

Stock Futures & Options

All valid F&O segments on Dhan/Angel One API
2. Entry Types Supported

a) Breakout / Breakdown Entries

Buy above / Sell below predefined levels (higher/lower than CMP).

b) Instant Entry

If Client places a manual instant trade:

Default SL = 30 points

Default Target = 30 points

No T2 by default
(All values modifiable after trade execution.)


c) Conditional Index/Future Level Entry

Order should execute only when the Index/Future touches a specified level.
Example:
Nifty 25850 PE — Enter above 142 only if Nifty breaks 25,785.

If condition is not mentioned → trade becomes normal entry.

3. Trade Management Rules

After entry order is executed, algo must:

1. Automatically Place:

Stop Loss (SL)

Target 1 (T1)

Target 2 (T2)


2. Target 1 (T1) Logic

When T1 is hit:

70% quantity booked

SL for remaining 30% moves to Entry Price (Cost)


3. Target 2 (T2)

Remaining 30% closes at T2 unless exited manually.

4. Trailing

No continuous trailing.
Only one shift: SL jumps to cost after T1.

5. Manual Overrides

Client can modify SL, T1, T2, and quantities any time.

4. Risk Control – Kill Switch

Kill switch must activate if:

Daily loss = 20%, OR

Daily profit = 30%


Then:

All positions closed immediately

No new trades allowed for the day

5. Intraday Auto Square-Off

All algo trades automatically close around 3:15 PM unless overridden.

6. Testing & Trial

Developer will provide a 1-week successful live trial after full setup.

Any bugs found during trial must be fixed at no additional cost." (client-provided description)