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My Strategy Group
"In the above image we give a detailed explanation of Mystrategy Group screen.
To empower traders in bringing multi-leg strategies and automated trading to life, the My Strategy Group has been introduced as a distinctive feature. This allows users to create an unlimited combination of strategies to be executed based on a single signal from their main strategy.
The individual components of the multileg strategy must initially be created in My Strategies. Following this, these components can be grouped together for execution based on the generated signal.
For instance, to formulate a Credit Spread, which entails selling an option at one strike price and buying an option at a lower strike price, kindly adhere to the outlined procedure below:
- 1.Establish the Option Selling strategy in My Strategies and name it as "Test Sell." You can specify whether to sell ATM/ITM/OTM options.
- 2.Formulate the Option Buying strategy in My Strategies and name it "Test Buy." Specify whether to buy ATM/ITM/OTM options.
- 3.Construct a Strategy Group by incorporating "Test Sell" and "Test Buy," assigning it a Group Name such as "Credit Spread."
- 4.Determine the BUY Priority; in this instance, set the Priority as 1 for Test Buy and 2 for Test Sell to leverage margin advantages.
- 5.Establish the Sell Priority; in this scenario, set the Priority as 1 for Test Sell and 1 for Test Buy.
- 6.Repeat a similar procedure for Short and Cover.
- 7.This sequence ensures the proper ordering of transactions to address margin requirements, with Option Selling occurring after the Options are purchased.
After completing the settings, click on SUBMIT. This action will generate a Webhook URL and Custom Data, which should be utilized in Amibroker or Tradingview, where your strategy will produce the required signals.
Utilize the Back Button to return to the My Strategy Group, where you will be able to observe the created group. Activate it for live or paper trading.
Follow these Tutorial video to Create your strategy
In the image below, it demonstrates how to access the create screen,it conveys the idea more clearly.
In the image above, it demonstrates how to access the create screen,it conveys the idea more clearly.
In the image below, you can view the screen for your created Strategy Group:
This screen serves as a central hub for managing your Strategy Group. It allows you to create, edit, and monitor the collaborative environment where multiple individuals can work together, share trading and business strategies, and engage in strategic discussions and analyses.
Follow these Tutorial video to Edit your strategy
In the image below, it demonstrates how to access the edit screen,it conveys the idea more clearly.
In the image below, you can see the edit screen. This is where you can make edits to your strategy.
- Name: This is the identifier or name for the strategy group. It helps differentiate and label this particular trading strategy.
- Rule: The rule defines the trading strategy or approach used within this group. In this case, it's "SHORT ONLY (SHORT + COVER)," indicating that the primary focus of the strategy is on shorting positions and covering them later.
- Segment: This specifies the type of financial instrument or market to which the strategy is applied. "Options" indicates that the strategy involves trading options.
- Symbol: It refers to the underlying asset or financial instrument on which the strategy is applied. In this case, it's "NIFTY," which likely refers to the NIFTY stock market index.
- Expiry: This indicates the frequency at which options used in the strategy expire. "Monthly" suggests that the options being traded expire on a monthly basis.
- Strike: "ITM10" stands for "In The Money 10" and typically represents a specific strike price or range of strike prices for the options involved in the strategy.
- Option Type: The option type specifies the primary action in the strategy. "BUYING" means that the main activity in this strategy is buying options.
- Quantity: This field represents the quantity of options being bought. In this case, 25,000 options are being purchased.
- Buy Priority: The "Buy Priority" indicates the priority level for buying actions within this strategy group. A lower value (0 in this case) may signify a higher priority for buying.
- Sell Priority: The "Sell Priority" denotes the priority level for selling actions within this strategy group. A lower value (0 in this case) may signify a higher priority for selling.
- Short Priority: This field specifies the priority for shorting actions within the strategy. A lower value (0 in this case) may suggest a higher priority for shorting.
- Cover Priority: The "Cover Priority" field indicates the priority for covering short positions in the strategy. A lower value (0 in this case) may suggest a higher priority for covering short positions.
After completing your changes, you can click the "Update" button. Once you've updated it, you will receive a confirmation message, and you can view the changes on your screen as shown in the image below.
Follow these Tutorial video to View your strategy
In the image below, it demonstrates how to access the view screen,it conveys the idea more clearly.
In the image below, you can see the view screen. This is where you can view your strategy.
If the "View Strategy Group" screen includes a "Download" button, it allows users to download the details of the strategy displayed on the screen. Clicking the "Download" button typically generates a file (e.g., a CSV or Excel file) containing the strategy's data, making it convenient for users to save, analyze, or share the strategy information. This feature is valuable for traders and investors who want to keep records of their strategies or perform further analysis on the data.
Follow these Tutorial video to Viewlogs your strategy
In the image below, it demonstrates how to access the viewlogs screen,it conveys the idea more clearly.
In the image below, you can see the viewlog screen. This is where you can view your logs.
[Strategy name]: This likely represents a reference or identifier for a specific trading strategy or order within the strategy group. The "R" may indicate that this is a record or a reference.
Date: The "Date" column indicates the date and time when the events or trades occurred. It provides a timestamp for each entry, with the format "dd-mm-yyyy hh:mm:ss."
Live Trade: The "Live Trade" column indicates whether a live trade is currently active ("ON") or not ("OFF"). A "live trade" typically refers to a real-time or actual trade in a live market environment.
Paper Trade: The "Paper Trade" column indicates whether a paper trade is currently active ("ON") or not ("OFF"). A "paper trade" often refers to simulated or virtual trading used for practice and testing strategies without real money involved.
This screen displays the history of live and paper trade status changes, including the number of times they switched between "ON" and "OFF," along with the respective timestamps for these transitions.
Follow these Tutorial video to delete your strategy
Delete icon:"When you click the 'Delete Strategies' icon, a confirmation dialog will appear, asking if you want to proceed with the deletion of the selected strategies. If you choose 'Yes,' the selected strategies will be permanently deleted."
Follow these Tutorial video to delete your strategy
In the image above, it demonstrates how to access the delete data,it conveys the idea more clearly.
DELETE DATA - indicates that you are about to delete all data associated with the strategy group identified by the code 'GG9968600_GB28-00.'
A confirmation dialog will appear, asking if you would like to proceed with the deletion.
You will have the option to choose 'Yes' to proceed with the deletion or 'No' to cancel the operation.
Follow these Tutorial video to Disable your strategy
In the image below, it demonstrates how to access the disable screen,it conveys the idea more clearly.
DISABLE STRATEGY - [GG9989995_GB2T-NIFTY_FUT] indicates that you, as a user, are presented with the option to disable a specific strategy identified by the code 'GG9949395_GB25-NIFTY_FUT.'
A confirmation message will appear, asking if you would like to proceed with the disabling of this strategy.
You will have the option to choose 'Yes' to proceed with the disable operation or 'No' to cancel it.
Follow these Tutorial video to Enable your strategy.
In the image below, it demonstrates how to access the enable screen,it conveys the idea more clearly.
ENABLE STRATEGY - [GG9989995_GB2T-NIFTY_FUT] indicates that you, as a user, are presented with the option to enable a specific strategy identified by the code 'GG9949395_GB25-NIFTY_FUT.'
A confirmation message will appear, asking if you would like to proceed with the enabling of this strategy.
You will have the option to choose 'Yes' to proceed with the enable operation or 'No' to cancel it.
Last modified 18d ago