Algo Configuration
Checkout how to use algo configuration to manage risks, proper trading habits.
Risk:Reward Ratio
Stockyfly provided 1:N Risk:Reward ratio. Risk side is always fixed. For Banknifty 50 Points, NIFTY & FINNIFTY 20 Points. Target side is always FORCE EXIT method. How ever, Max capping is always set near 1:4.
Maximum Number of Trades Per day
User can define maximum number of trades per day, after which no further trades executed in trader's account.
Number of Lots per Trade in BANKNIFTY, NIFTY & FINNIFTY
Number of lots per trade can be definied separately to maintain equal risk sizing. Usually lots per trade in NIFTY & FINIFTY shoul be less than Lotes per Trade in BANKNIFTY
Stop Trading My Account
This feature helps traders to counter sideways market. Option buyiung trades usually hit consecutive Stoplosses in sideways days. To overcome this,Trader can define when to stop automated trading in his/her account. Following options are available;
1) When 1st Trade hit Profit
2) When 1st Two Trades hit Profit
3) When 1st Trade hit SL
4) When 1st two trades hit SL
Refer T&C: https://stockyfly.com/terms