Introducing Auto Trade Engine
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We are pleased to introduce the Auto trade engine feature. It does not require any programming language and can be used by anyone to design his own strategy and execute it automatically within the TradePoint terminal in any market segment.
It is also possible to run options multi-leg strategies on charts or options greeks.
TradePoint Desktop trading terminal has two important features.
1- An Ultra Scanner
2- Trading API: Integrate
Ultra Scanner
Ultra Scanner is a multi-charting strategy scanner and one of its kind.
To access it, click Scanner -> Real-time scanner -> Ultra Scanner.
Below are the major features of the Ultra scanner:
1 – Select entry and exit conditions for any charting method
2 – There are pre-defined patterns and conditions to select from. You can create your own strategies in the system builder and select them for entry or exit in the Ultra scanner.
3 – Entry and exit can be done using different charting methods. Entry can be on one timeframe and exit on another and so on.
4 – You can define stop-loss, target or trailing stop-loss along with strategy conditions.
Please click here to read more about the Ultra scanner.
Trading API: Integrate
Integrate is an open source trading API of Definedge Securities.
That API can be used for other applications. It allows you to build trading and financial platforms, execute strategies and more.
Please click here to read complete documentation of the Integrate Trading API.
Definedge Autotrader combines both of these features for you and makes the process as easy as possible. With the Auto trade engine, you can connect to the Definedge API even if you do not know any programming knowledge.
Auto Trade engine helps you connect with the Definedge API and Ultra scanner. You can select your strategies in the Ultra scanner and place orders via the auto trade engine.
You need absolutely no coding knowledge to define strategies in the system builder of TradePoint. You can select any pattern, indicator or combination of them from any charting method. There are many possibilities for designing trading strategies in the system builder.
Ultra scanner allows trading strategies in the Auto trade engine to be executed on NSE, F&O, BSE, MCX or CDS segments. It can be applied to any time frame and any charting method. It is even possible to use different charting methods for exit.
It is also possible to design Options multi-leg strategies and select strike prices according to delta, width, or premium.
To learn more about how to use Auto Trade Engine in TradePoint Desktop, please click here.
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@Definedge Damn cool
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Great News , Most awaited features of TradePoint !
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Please post one video link how to use these updated features.
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I think this step will make Definedge on another level... highly appreciate it.
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Yes, I am planning to make a video on it and explain in detail. We will make it available on web version as well but it will take some time.
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While testing the Auto Trade Engine, Found some observations.
- Only Intraday Trades as of now. NO Normal Orders, only MIS (Square off pressure before cut off time.)
- Only can be run from Desktop software. So it needs to be running on local machine while. We can not do setup, press th e start button and move away.
Hope, both getting addressed in next upgrade - Found Repeated orders getting fired, for same candle (Due to entry and exit at same candle). The error mentioned is Trailing stoploss. But price never touched Trailing stoploss as well as exit condition does not fulfilled. May be some issue in System Builder. Also found similar some errors in Buzzer, as it gives false alerts, though signal not met. Need to understand in detail, how it is working exactly; before dabbling with setup. If anybody from Broker Team can be contacted, that will be great.
Overall found very good platform to dabble with multiple options to build strategies with different charting methods, that to kind of drag n drop approach (after building your multiple systems with diversified Entry and Exit criteria).
regards
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Thanks for your feedback.
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Yes. As of now, only intraday trades are permitted. We are working on positional trades.
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As of now, it is only available on desktop computers. We will make it available on the web as well, but it will take some time.
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I will ask the support team to contact you in order to analyze your log files. In most cases where people reported issues related trades or alerts, the problem was because of the system builder conditions. There were problems with defining expression. In some cases, the entry and exit were triggered in the same candle, which resulted in more trades. However, I will review your files and if there is any issue with the system builder of any kind, we will resolve it as soon as possible.
It is great to hear that you liked the feature. In the coming days, we will add many new features to this engine.
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Prashant Sir,
Eagerly waiting for positional trades feature on this engine.
Also one question would it make sense to do auto trades only on the selected stocks identified through p&f fusion matrix and of trending sectors identified through breadth analysis -
Sir can we scan nifty ce/ pe option automatic trading as per following condition
Nifty ATM ce/pe double top buy signal is true
Lot 1
Box size 2% High Low method
Time frame 5 min
If DTB is true than target will be vertical count VC1 and VC2 if available
And Stoploss Double bottom sell.
Or D smart line for trailing SL@Prashant-Shah sir waiting for your reply
What other requirements to do auto trading
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Hello Prashant Sir,
Do we have any writeup or Video on how to use this?
Regards
Manoj
