Ask questions about Algorithmic training

Developer API
1

Ask questions about Algorithmic training

“Hello, I am a scalping trader and I want to create an algorithm (Algo) that can automatically execute trades in any index or stock. The Algo should be activated as soon as I manually execute a trade. When the trade reaches a 7% profit, the Algo should automatically set a stop loss at 5% of the profit. If the trade reaches a 10% profit, the Algo should automatically square off the trade. Is it possible to create such an Algo?”

In other words, you want to create an algorithm that can:

  1. Automatically activate when you manually execute a trade
  2. Set a stop loss at 5% of the profit when the trade reaches a 7% profit
  3. Square off the trade when it reaches a 10% profit

“Can an algorithm like this be built on upstox api? And if it’s built, will it properly work or not”

Reply me as soon as possible

Thank you :+1:

2

Hi @Gajanan_Sawarkar

This is a fairly simple algo to build. You can run and deploy this using the Upstox APIs. You may use your own coded system or choose from any of the third party tools to run the same. We do not provide any pre-built algos at the moment.