Life of Intraday trader using definedge
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Life of Intraday trader using definedge products can be defined in one word as FRUSTRATING
Here are the reasons why?-
The Ultra scanner and ATM scanners have not matured yet but has been introduced to be used by the users. Some trades get executed or skipped randomly.
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Once the realtime scanners have been started then any change required to be made in trade or setup can only be done by first stopping the scanner and then going thru long process of steps. It should be done dynamically. OI Pulse software can be studied for ideal intraday implementation where in few clicks can make trading so easy.
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The process without the use of these realtime scanners is very tedious and involve number of steps to execute one trade. And even after execution of trade , managing the trade by adjusting stoploss, target price etc is daunting. The status of executed trade has to be managed by toggling between windows which is again a premitive practice. All the post trade adjustments etc by the user should be available to user on the chart itself. Dhan software can be studied for this kind of implementation.
The work done at definedge in making P&F and renko chart available to users with such ease in understanding is amazing. The work done on library of patterns, scanners, analysis method on these chart s is pioneering in India. But implementation of trade execution process based on these wonderful tools is very premitive in nature and needs tremendous improvement ... more so when thousands of users have been onboarded on definedge securities. Me being one of the intraday users finding it difficult to trade using definedge products.
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