Nifty Banknifty Strategy Note

Trade Entry (Buy/Sell)

1. User will provide entry price with a price range and range extension, within
which the entry trade will trigger.
2. Total quantity will be provided by the user.
3. Total quantity will be sliced into 4 orders in the ratio of 40:30:15:15.
4. Order will be placed at Best Bid/Ask price within given price range at 2 tick
gap.
5. If the price exceeds given range prior to execution of total quantity then
remaining quantity will become total quantity and order quantity will be
calculated again as per given ratio.
6. If price exceeds extended range, pending quantity will become 0.
7. Order quantity will be 40% of total quantity or remaining of 40% of total
quantity.
Profit
1.
2.
3.

Target:
User will provide profit target in absolute terms from the entry price.
As the trade will occur, simultaneously order on profit target will be placed.
If quantity remains at target price and target price triggers, strategy will
square off remaining quantity at best price.

Stop Loss:
1. Stop loss will be given by user in absolute terms.
2. On trigger, total quantity will be squared off at best opposite price.
Panic Exit:
1. There will be an option for panic exit, where all remaining quantity (bought or
sold) will square off at best opposite price and all remaining order will be
cancelled.
Exit order Slicing:
1. To be developed in second phase