Algostra setup configuration
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Sir
- at 9.30 i want to sell 50 delta CE and 50 delta PE and buy 10 delta PE and 10 delta CE
- if any of the sold CE or PE delta becomes 60 then i want to close both positions and again sell 50 delta CE and 50 Delta PE and buy 10 delta PE and 10 delta CE
- I want to keep doing this from 9.30 to 3pm
please tell me if it is possible to configure in Algostra
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Thank you for sharing the details of your strategy. To help you set this up correctly within Algostra, here is the current technical framework regarding Delta-based execution:
Entry Configuration (9:30 AM)
You can configure the initial entry for your strategy using the Options Payoff and Option Chain modules.Delta Range approach: Since Delta values are dynamic and shift with market movement, we recommend specifying a Delta Range rather than a fixed number. For example, instead of a strict 50 Delta, you can set a range (e.g., 0.48 – 0.52). This allows the system to successfully identify and pick the closest available strike at 9:30 AM.
Level-Based Entries (ATM+/-): You may also utilize Level-based entries (such as ATM, ATM+1, etc.). Because the system recalibrates the ATM every 5 minutes, using these levels is an effective way to target specific Delta areas in a dynamic market.
Exit and Adjustment Constraints
Regarding your requirement to exit and re-enter when a sold leg reaches 60 Delta:Current Feature Limitation: At present, while Algostra supports entries based on Delta, it does not have the feature to program an automated exit based on Delta levels. The system cannot currently monitor the real-time Delta of an open position to trigger a square-off or a "roll-over" adjustment.
Requirement Noted: We have noted your specific requirement for Delta-based exit triggers. This is a valuable addition to the platform's capabilities, and we have forwarded this to our development team for future product updates. We will notify you as soon as this feature becomes available.
Fixed Strike Alternative
If you wish to trade specific, fixed strikes rather than dynamic ones that adjust with the ATM every 5 minutes, you may explore the Technical Strategies section. This allows you to define and trade specific contracts that do not shift based on the 5-minute recalibration.We are happy to assist you in setting up the initial 9:30 AM entry template using the Delta Range or Level-based features. Please let us know if you would like to proceed with that configuration.
