Some Suggestions for Auto Trade Engine

[Sumit Badwandi-1693713486279]

Please try to add following features in Autotrade Engine

1. Only Buy : If i want to buy only using autotrade engine and dont want to sell on same day. e.g If i want to buy stock futures which have made Turtle breakout bullish in the day with maximum 10 positions and dont want to sell today.

2. Only Sell : Same for only sell

3. Stop loss : e.g If i have 10 stocks in my portfolio and i want to sell them whenever DBS signal is there, i would put in group and set double bottom signal and whenver there is double bottom sell signal during the day stock will be automatically sold. I dont have that facility now.

4. Maximum Positions : There is option of maximum positions. Suppose i want to take maximum 5 positions for the day. Currently, what happens is whenever i reach 5 positions and there is exit in one of the positions as per signal, the engine looks of next position. It takes 6 th position which i dont want. Suppose , for this i stop the engine after 5 positions, it will not square off my postion as per exit signal. So Please add maximum day positions so that 6th position is not taken by engine and it continues to square off existing positions.

5. Jobbing : Suppose i use engine in options and i start engine at 9.15. Since the order executes at market, if there is jobbing e.g price is 8.15-10.50 which happens quite often in options, i end up buying at 10.50 which is unreasonable price. Please add some solution to this e.g limit order or make first buyer/seller or any other probable solution. Because there is huge loss in purchase in this case.

6. Please allow for carrying the position if not squared off in the day. Currently, if signal does not come , all positions are squared up (i think on 3.20 or 3.10 pm)

Thanks
Sumit Badwani

[neha.pandey@definedge.com]

Thank you for your feedback. We have taken note of it and forwarded it to the concerned team.