Evaluating bids

Pine scripting

Published on the March 13, 2025 in IT & Programming

About this project

Open

The system will be based on trading view level alerts.

Level based strategy where a level is breached on the upside  should trigger an option spread order, bull put spread. The option sold should be the closest at the money and should be automatically selected as per the spot price.the quantity changing option should be user defined or automatic as per the system allows.the target should have and option to change to percentage or price .

Eg.scenario.
Trading view alert is placed at 23000.cmp 23970.
Nifty rises above 23000. And a alert is triggered.this should fire an order for bull put spread after determining the qty specified by the user. Or if the system is smart enough to calculate best quality as per margin available.
Now the target profit would be defined in percentage.
Eg scenario.
If in the above bull put spread,target is met and the spread should be exited. A new position in the similar direction i.e bullish, should be placed according to closest cmp atm and target would be user defined percentage.

Eg scenario.
Let say we have an open position,bull put spread, and the target is not achieved but nifty moves downwards and a trigger is generated of level breach.
In this case the bull put spread position should be immediately closed and ate same time a bear call spread should be immediately placed with respect to closest strike price.
Again here the qty,  target will be user defined in price or percentage

Reentry in the same direction if the target is achieved and automatic selection of atm strike price.
 
Please Note that level is Dynamic , changes every hour.
Also i have a concern that will the system automatically select lot based on amount available ? or i have to calculate and update according to margin requirements!! also i would be interested to know does your system allow to run multiple stategies. Other concern is about the data privacy , how and where is my data stored and who can access the same? is this the 1 time software implementation , do i get the source code , what is the validity ? what kind of software support can i get in case of error or rectification ? also is it possible to change the broker ? can i place manual orders in the same account? Those manual trades should not get affected by the algo.
Pc or mobile based?
Can you activate from remote location?

Project overview

For algo trading

Category IT & Programming
Subcategory Other
Project size Small
Is this a project or a position? Project
I currently have I have specifications
Required availability As needed
API Integrations Other (Other APIs)

Delivery term: Not specified

Skills needed