{"id":154,"date":"2021-01-18T17:23:26","date_gmt":"2021-01-18T17:23:26","guid":{"rendered":"https:\/\/algomojo.com\/blog\/?p=154"},"modified":"2023-09-13T06:34:54","modified_gmt":"2023-09-13T06:34:54","slug":"algomojo-index-straddle-strangle-execution-module-with-intraday-stoploss","status":"publish","type":"post","link":"https:\/\/algomojo.com\/blog\/algomojo-index-straddle-strangle-execution-module-with-intraday-stoploss\/","title":{"rendered":"Algomojo Index Straddle\/Strangle Execution Module with Intraday Stoploss"},"content":{"rendered":"\n

This tutorial focus on how to automate your index straddle\/strangle strategy with intraday stop-loss levels with time-based entry and exits using Algomojo Platform and Amibroker.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
Trading Activity<\/strong><\/td>Orders to be Placed<\/strong><\/td><\/tr>
Time Based Entry<\/td>Enter Straddle\/Strangle at 9.30a.m (Two legged Order)<\/td><\/tr>
Calculate the Short Call Average Price<\/td>Calculate the Short call Stoploss<\/td><\/tr>
Calculate the Short Put Average Price<\/td>Calculate the Short Put Stoploss<\/td><\/tr>
Place Stoploss Orders<\/td>Place the Stoploss for both Short call and Short Put if the entry order status is completed<\/td><\/tr>
Check Open Positions<\/td>Check the Open Positions for the Qty traded<\/td><\/tr>
Time Based Exit<\/td>Square of Short Call and Short Put legs for the qty present in the open positions around 3.15p.m.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

upported Brokers<\/strong> : Aliceblue, Tradejini, Zebu
Supported Trading Instruments <\/strong>: Index Options<\/p>\n\n\n\n

To Build this module we need 2 components<\/strong><\/p>\n\n\n\n

1)Header Option Execution Module that needs to be placed inside the Amibroker\\Formulas\\Include<\/strong> folder
2)Main Option Execution Module that needs to be drag and dropped over the Blank Chart<\/p>\n\n\n\n

1)Header Include Option Execution Module<\/strong><\/p>\n\n\n\n

Copy the Header Execution Module to Amibroker\\Formulas\\include folder. Save the AFL under the name algomojostraddle.afl<\/strong><\/p>\n\n\n\n

\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\n\/\/Multi Broker Amibroker Option Straddle Execution Module\n\/\/Coded by Algomojo\n\/\/Date : 18\/01\/2021\n\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\n\n\n\n\/\/Use this code only for Single Legged Long Only Options and Exiting Long Only Options\n\n\n_SECTION_BEGIN("Algomojo Multi legged Options");\n\n\nuid = ParamStr("Client ID","TS2499");\nuser_apikey = ParamStr("user_apikey","86cbef19e7e61ccee91e497690d5814e"); \/\/Enter your API key here\napi_secret = ParamStr("api_secret","4a94db82ea4fa140afaa2f039efffd18"); \/\/Enter your API secret key here\ns_prdt_ali = "BO:BO||CNC:CNC||CO:CO||MIS:MIS||NRML:NRML";\nprctyp = ParamList("prctyp","MKT|L|SL|SL-M",0);\nPcode = ParamList("Pcode","NRML|CO|MIS",2);\nPrice = ParamList("Price","0");\nTrigPrice = ParamList("TrigPrice","0");\nexch = "NFO"; \/\/Exchange\nRet = "DAY"; \/\/Retention\nAMO = "NO"; \/\/AMO Order\n\nstgy_name = ParamStr("Strategy Name", "Options");\nbroker = ParamStr("Broker","ab"); \/\/Broker Short Code - ab - aliceblue, tj - tradejini, zb - zebu, en - enrich\nver = ParamStr("API Version","1.0");\nfpath = ParamStr("Symbol Filepath", "C:\\\\Program Files (x86)\\\\AmiBroker\\\\Formulas\\\\Algomojo\\\\");\ntimer = 1; \/\/3 seconds for providing delay after placing order\n\nRequestTimedRefresh(1,False);\n\nfunction placestoplossorder(SLTsym,orderaction,averageprice,stoppercent,orderqty)\n{\n\t\/\/rounded of to nearest tick\n\tTickSize = 0.05;\n\t\n\tslprice = int(StrToNum(averageprice) + (StrToNum(averageprice) * stoppercent\/100));\n\tslprice = Prec(slprice,2);\n\trem = slprice % TickSize;\n\tslprice = slprice - rem;  \/\/rounded of to nearest tick size\t\n\n\n\talgomojo=CreateObject("AMAMIBRIDGE.Main");\n    api_data ="{\\"stgy_name\\":\\""+stgy_name+"\\",\\"s_prdt_ali\\":\\""+s_prdt_ali+"\\",\\"Tsym\\":\\""+SLTsym+"\\",\\"exch\\":\\""+exch+"\\",\\"Ttranstype\\":\\""+orderaction+"\\",\\"Ret\\":\\""+Ret+"\\",\\"prctyp\\":\\""+"SL-M"+"\\",\\"qty\\":\\""+orderqty+"\\",\\"discqty\\":\\""+"0"+"\\",\\"MktPro\\":\\""+"NA"+"\\",\\"Price\\":\\""+"0"+"\\",\\"TrigPrice\\":\\""+slprice+"\\",\\"Pcode\\":\\""+Pcode+"\\",\\"AMO\\":\\""+AMO+"\\"}";\n    _TRACE("");\n    _TRACE("API Request"+api_data);\n    resp=algomojo.AMDispatcher(user_apikey, api_secret,"PlaceOrder",api_data,broker,ver);\n    Say( "Stoploss Order is Placed" ); \n    return resp;\n\n\n}\n\n\nfunction getnestorderno(response)\n{\n\nNOrdNo = "";\n\n\nif(StrFind(response,"NOrdNo")) \/\/Matches the orderstatus\n{\nNOrdNo = StrTrim( response, "{\\"NOrdNo\\":" );\nNOrdNo = StrTrim( NOrdNo, "\\",\\"stat\\":\\"Ok\\"}" );\n}\n\nreturn NOrdNo;\n}\n\nfunction getorderhistory(orderno)\n{\n\nalgomojo=CreateObject("AMAMIBRIDGE.Main");\napi_data = "{\\"uid\\":\\""+uid+"\\",\\"NOrdNo\\":\\""+orderno+"\\",\\"s_prdt_ali\\":\\""+s_prdt_ali+"\\"}";\nresp=algomojo.AMDispatcher(user_apikey, api_secret,"OrderHistory",api_data,broker,ver);\n\nreturn resp;\n\n\n}\n\n\nfunction getsymbol(orderno)\n{\n\nordresp = getorderhistory(orderno);\n\ndata = "";\nTrsym="";\n\nfor( item = 0; ( sym = StrExtract( ordresp, item,'{' )) != ""; item++ )\n{\n\nsym = StrTrim(sym," "); \/\/Trim Whitespaces\n\n\n\n\nif(StrFind(sym,"complete") OR StrFind(sym,"rejected")) \/\/Matches the orderstatus\n{\n\nflag = 1; \/\/turn on the flag\n\ndata = sym;\n\nfor( jitem = 0; ( ohistory = StrExtract( data, jitem,',' )) != ""; jitem++ )\n{\n\nif(Strfind(ohistory,"Trsym"))\n  {\n   Trsym = StrExtract(ohistory,1,':');\n   Trsym = StrTrim(Trsym,"\\"");\n   \n  }\n\n}\n\n}\n\n}\n\nreturn Trsym;\n\n}\n\nfunction getaverageprice(orderno)\n{\n\nordresp = getorderhistory(orderno);\n\ndata = "";\naverageprice="";\n\nfor( item = 0; ( sym = StrExtract( ordresp, item,'{' )) != ""; item++ )\n{\n\nsym = StrTrim(sym," "); \/\/Trim Whitespaces\n\n\n\n\nif(StrFind(sym,"complete") OR StrFind(sym,"rejected")) \/\/Matches the orderstatus\n{\n\nflag = 1; \/\/turn on the flag\n\ndata = sym;\n\nfor( jitem = 0; ( ohistory = StrExtract( data, jitem,',' )) != ""; jitem++ )\n{\n\nif(Strfind(ohistory,"averageprice"))\n  {\n   averageprice = StrExtract(ohistory,1,':');\n   averageprice = StrTrim(averageprice,"\\"");\n   \n  }\n\n}\n\n}\n\n}\n\nif(averageprice=="0.0")\n{\naverageprice = "100";\n}\n\nreturn averageprice;\n\n}\n\n\nfunction getorderstatus(orderno)\n{\norderstatus="";\nordresp = getorderhistory(orderno);\n\ndata = "";\n\nfor( item = 0; ( sym = StrExtract( ordresp, item,'{' )) != ""; item++ )\n{\n\nsym = StrTrim(sym," "); \/\/Trim Whitespaces\n\n\nif(StrFind(sym,"complete") OR StrFind(sym,"rejected")) \/\/Matches the orderstatus\n{\n\nflag = 1; \/\/turn on the flag\n\ndata = sym;\n\nfor( jitem = 0; ( ohistory = StrExtract( data, jitem,',' )) != ""; jitem++ )\n{\n\nif(Strfind(ohistory,"Status"))\n  {\n   orderstatus = StrExtract(ohistory,1,':');\n   orderstatus = StrTrim(orderstatus,"\\"");\n   \n  }\n\n}\n\n}\n\n}\n\nreturn orderstatus;\n}\/\/end function\n\n\nfunction gettoken(symbol)\n{\nstoken="";\nalgomojo=CreateObject("AMAMIBRIDGE.Main");\napi_data = "{\\"s\\":\\""+symbol+"\\"}";\nresp=algomojo.AMDispatcher(user_apikey, api_secret,"fetchsymbol",api_data,broker,ver);\n\nfor( item = 0; ( sym = StrExtract( resp, item,'{' )) != ""; item++ )\n{\n\nsym = StrTrim(sym," "); \/\/Trim Whitespaces\n\ndata = sym;\n\nfor( jitem = 0; ( ofetch = StrExtract( data, jitem,',' )) != ""; jitem++ )\n{\n\nif(Strfind(ofetch,"symbol_token"))\n  {\n   stoken = StrExtract(ofetch,1,':');\n   stoken = StrTrim(stoken,"\\"");\n   \n  }\n\n}\n\n}\nreturn stoken;\n}\n\nfunction writetofile(filepath,ordno,symbol,ostatus,averageprice)\n{\n    result =0;\n\tif(ostatus=="complete" OR ostatus=="rejected")\n\t{\n    fh = fopen( filepath, "w"); \/\/Filepath of csv file with symbols\n\tif(fh)\n    {\n\t\t\n\t\tfputs(ordno + ",", fh);\n\t\tfputs(symbol + ",", fh);\n\t\tfputs(ostatus+",", fh);\n\t\tfputs(averageprice+",", fh);\n\t\tfclose(fh);\n\t\tresult =1;\n    } \n    }\n    \n    return result; \n}\n\nfunction placeoptionorder(spot_sym,expiry_dt,strike_int,qty,Ttranstype,opt,off,leg,stoppercent)\n{\n\nalgomojo=CreateObject("AMAMIBRIDGE.Main");\napi_data = "{\\"strg_name\\":\\""+stgy_name+"\\",\\"spot_sym\\":\\""+spot_sym+"\\",\\"expiry_dt\\":\\""+expiry_dt+"\\",\\"opt_type\\":\\""+opt+"\\",\\"Ttranstype\\":\\""+Ttranstype+"\\",\\"prctyp\\":\\""+prctyp+"\\",\\"qty\\":\\""+qty+"\\",\\"Price\\":\\""+Price+"\\",\\"TrigPrice\\":\\""+TrigPrice+"\\",\\"Pcode\\":\\""+Pcode+"\\",\\"strike_int\\":\\""+strike_int+"\\",\\"offset\\":\\""+off+"\\"}";\nresp=algomojo.AMDispatcher(user_apikey, api_secret,"PlaceFOOptionsOrder",api_data,broker,ver);\n_TRACE("\\n"+api_data);\n\/\/Get Nest Order Number\nnestorderno = getnestorderno(resp);\n_TRACE("\\nNest Order No : "+nestorderno);\n\ntradetime=GetPerformanceCounter()\/1000; \n\nwhile ((GetPerformanceCounter()\/1000 - tradetime) < timer)\n{            \n\n\/\/Get Trading Symbol\nTsym = getsymbol(nestorderno);\n}\n_TRACE("\\nTrading Symbol : "+Tsym);\n\n\/\/Get Order Status\norderstatus = getorderstatus(nestorderno);\n_TRACE("\\nOrder Status : "+orderstatus);\n\n\nif(orderstatus=="complete" OR orderstatus=="rejected")\n{\naverageprice = getaverageprice(nestorderno);\n_TRACE("Average Price: "+averageprice);\n}\n\nif(orderstatus=="complete") \/\/changed to complete in a live environment and rejected for testing purpose\n{\n\/\/Stoploss order x% from the average price\n\nslresponse = placestoplossorder(Tsym,"B",averageprice,stoppercent,qty);\n_TRACE("Leg "+leg+" Stoploss Response: "+slresponse);\n}\n\n\n\n\n\n\/\/Get Token Number\n\/\/token = gettoken(Tsym);\n\/\/_TRACE("\\nSymbol Token : "+token);\nif(opt=="CE")\n{\npath = fpath+leg+"AlgomojoCE.csv";\n}\nif(opt=="PE")\n{\npath = fpath+leg+"AlgomojoPE.csv";\n}\n\nwritestatus = writetofile(path,nestorderno,Tsym,orderstatus,averageprice);\n_TRACEF(WriteIf(writestatus,"\\nWriting to File - Success","\\nWriting to File - Failure"));\n\/\/resp = resp+"\\nNest Order No : "+nestorderno+"\\nTrading Symbol : "+Tsym+"\\nOrder Status : "+orderstatus+"\\nSymbol Token : "+token;\nreturn Tsym;\n\n}\n\n\nfunction getquantity(Tsym)\n{\n\nalgomojo=CreateObject("AMAMIBRIDGE.Main");\napi_data ="{\\"uid\\":\\""+uid+"\\",\\"actid\\":\\""+uid+"\\",\\"type\\":\\""+"NET"+"\\",\\"s_prdt_ali\\":\\""+s_prdt_ali+"\\"}";\nresp=algomojo.AMDispatcher(user_apikey, api_secret,"PositionBook",api_data,broker,ver);\n\n\/\/Initialization\nflag = 0;\npossym = "";\nposNetqty =0;\n\n\nfor( item = 0; ( sym = StrExtract( resp, item,'{' )) != ""; item++ )\n{\n\nsym = StrTrim(sym," ");\nTsym = StrTrim(Tsym," ");\n\nif(Strfind(sym,Tsym) AND StrFind(sym,Pcode)) \/\/Matches the symbol and \/\/Matches the Order Type\n{\n\nflag = 1; \/\/turn on the flag\n\ndata = sym;\n\n_TRACE(" Position Book  : " +data);\n\nfor( jitem = 0; ( posdetails = StrExtract( data, jitem,',' )) != ""; jitem++ )\n{\n\n  if(Strfind(posdetails,"Netqty"))\n  {\n   posdetails = StrExtract(posdetails,1,':');\n   posNetqty = StrToNum(StrTrim(posdetails,"\\""));\n   _TRACE("\\nNetQty : "+posNetqty);\n  }\n  \n\n} \/\/end of for loop\n}\n\n}\/\/end of for loop\n\nif(flag==0)\n{\n_TRACE("\\nTrading Symbol Not Found");\n}\n\nreturn posNetqty;\n\n}\n\n\nfunction squareoffoptions(opt,Ttranstype,leg)\n{\n\nttype="";\n\nif(Ttranstype=="B")\n{\n\nttype = "S";\n\n}\n\nif(Ttranstype=="S")\n{\n\nttype = "B";\n\n}\n\n\nordno = "";\nSymbol = "";\nostatus ="";\n\n\tif(opt=="CE")\n\t{\n\tfpath = fpath+leg+"AlgomojoCE.csv";\n\t}\n\tif(opt=="PE")\n\t{\n\tfpath = fpath+leg+"AlgomojoPE.csv";\n\t}\n\t\n\tfh = fopen(fpath, "r"); \n\tif(fh)\n\t{\n\t\t\n\t\tread = fgets(fh);\n\t\tordno = StrTrim(StrExtract(read,0)," ");\n\t\tSymbol = StrTrim(StrExtract(read,1)," ");\n\t\tostatus = StrTrim(StrExtract(read,2)," ");\n\t\taverageprice = StrTrim(StrExtract(read,3)," ");\n\t\t\t\t\t\n\t\tfclose(fh);\n\t}\n\t\n\texitqty = getquantity(Symbol);\n\t_TRACE("Net Quantity in the OrderBook for the Symbol : "+Symbol+" is : "+exitqty);\n\t\n\tif(ostatus=="complete" AND exitqty!=0)\n\t{\n\talgomojo=CreateObject("AMAMIBRIDGE.Main");\n\tapi_data = "{\\"strg_name\\":\\""+stgy_name+"\\",\\"s_prdt_ali\\":\\""+s_prdt_ali+"\\",\\"Tsym\\":\\""+Symbol+"\\",\\"exch\\":\\""+"NFO"+"\\",\\"Ttranstype\\":\\""+ttype+"\\",\\"Ret\\":\\""+"DAY"+"\\",\\"prctyp\\":\\""+prctyp+"\\",\\"qty\\":\\""+exitqty+"\\",\\"discqty\\":\\""+"0"+"\\",\\"MktPro\\":\\""+"NA"+"\\",\\"Price\\":\\""+"0"+"\\",\\"TrigPrice\\":\\""+"0"+"\\",\\"Pcode\\":\\""+Pcode+"\\",\\"AMO\\":\\""+"NO"+"\\"}";\n\tresp=algomojo.AMDispatcher(user_apikey, api_secret,"PlaceOrder",api_data,broker,ver);\n\t\/\/Get Nest Order Number\n\tnestorderno = getnestorderno(resp);\n\t_TRACE("\\nNest Order No : "+nestorderno);\n\n\ttradetime=GetPerformanceCounter()\/1000; \n\n\twhile ((GetPerformanceCounter()\/1000 - tradetime) < timer)\n\t{            \n\n\t\/\/Get Trading Symbol\n\tTsym = getsymbol(nestorderno);\n\t}\n\t_TRACE("\\nTrading Symbol : "+Tsym);\n\n\t\/\/Get Order Status\n\torderstatus = getorderstatus(nestorderno);\n\t_TRACE("\\nOrder Status : "+orderstatus);\n\t\n\t}\n\telse\n\t{\n\t\n\tresp = "Not Squared Off. Either No Open Position Exist or Prev Signal Status Not in Completed State";\n\t\n\t}\n\t\n\treturn resp;\n}\n_SECTION_END();\n<\/code><\/pre>\n\n\n\n
3)Main Option Execution Module<\/strong><\/p>\n\n\n\n
Copy the Main Execution Module to Amibroker\\Formulas\\Algomojo Platform. Save the AFL under the name Short Straddle – Strangle Execution.afl<\/strong><\/p>\n\n\n\n
Now drag and Drop the Module on top of your Charting with Buy\/Sell Trading System<\/p>\n\n\n\n
_SECTION_BEGIN("Algomojo - Time Based Short Straddle\/Strangle Execution Module with Stoploss");\n\n\n#include < algomojostraddle.afl >\n\n\nRequestTimedRefresh(1, False);\n\nfunction GetSecondNum()\n{\n    Time = Now( 4 );\n    return Time;\n}\n\nEntryTime = ParamTime("Execution Time", "09:30:00", 0);\nSqOffTime = ParamTime("SquareoffTime", "15:15:00", 0);\n\nspot_sym = ParamStr("spot_sym","NIFTY"); \/\/Enter the symbol name here\nstrike_int = ParamStr("strike_int","50");\nlotsize = Param("Symbol Lot Size",75,1,50000);\n\n\nleg1expiry_dt = ParamStr("Leg 1 expiry_dt", "28JAN21");\nleg1qty = Param("Leg 1 Lot Size",1)*lotsize;\nleg1Ttranstype = ParamList("Leg 1 Transaction Type","S");\nleg1opt_type = ParamList("Leg 1 Option Type","PE",0);\nleg1offset = ParamStr("Leg 1 Offset","0"); \n\n\nleg2expiry_dt = ParamStr("Leg 2 expiry_dt", "28JAN21");\nleg2qty = Param("Leg 2 Lot Size",1)*lotsize;\nleg2Ttranstype = ParamList("Leg 2 Transaction Type","S");\nleg2opt_type = ParamList("Leg 2 Option Type","CE",0);\nleg2offset = ParamStr("Leg 2 Offset","0"); \n\nSL = Param("Stop Percentage", 20,1,100,1);\n\n\n\nstgy_name = ParamStr("Strategy Name","Test Strategy Chart");\nstatic_name = Name()+GetChartID()+interval(2)+stgy_name;\nstatic_name_algo = Name()+GetChartID()+interval(2)+stgy_name+"algostatus";\n\n\ntradedelay = Param("Trade Delay",0);\nEnableAlgo = ParamList("Algo Mode","Disable|Enable",0); \/\/ Algo Mode\n\n\nstatic_name_ = Name()+GetChartID()+interval(2)+stgy_name;\n\n\/\/StaticVarSet(static_name_algo, -1); \nGfxSelectFont( "BOOK ANTIQUA", 14, 100 );\nGfxSetBkMode( 1 );\nif(EnableAlgo == "Enable")\n{\nAlgoStatus = "Algo Enabled";\nGfxSetTextColor( colorGreen ); \nGfxTextOut( "Algostatus : "+AlgoStatus , 20, 40); \nif(Nz(StaticVarGet(static_name_algo),0)!=1)\n{\n_TRACE("Algo Status : Enabled");\nStaticVarSet(static_name_algo, 1);\n}\n}\nif(EnableAlgo == "Disable")\n{\nAlgoStatus = "Algo Disabled";\nGfxSetTextColor( colorRed ); \nGfxTextOut( "Algostatus : "+AlgoStatus , 20, 40); \nif(Nz(StaticVarGet(static_name_algo),0)!=0)\n{\n_TRACE("Algo Status : Disabled");\nStaticVarSet(static_name_algo, 0);\n}\n}\nif(EnableAlgo == "LongOnly")\n{\nAlgoStatus = "Long Only";\nGfxSetTextColor( colorYellow ); \nGfxTextOut( "Algostatus : "+AlgoStatus , 20, 40); \nif(Nz(StaticVarGet(static_name_algo),0)!=2)\n{\n_TRACE("Algo Status : Long Only");\nStaticVarSet(static_name_algo, 2);\n}\n}\nif(EnableAlgo == "ShortOnly")\n{\nAlgoStatus = "Short Only";\nGfxSetTextColor( colorYellow ); \nGfxTextOut( "Algostatus : "+AlgoStatus , 20, 40); \nif(Nz(StaticVarGet(static_name_algo),0)!=3)\n{\n_TRACE("Algo Status : Short Only");\nStaticVarSet(static_name_algo, 3);\n}\n}\n\n\n\nresp = "";\n\n\nif(EnableAlgo == "Enable")\n{\nSetChartBkColor(colorDarkGrey);\nif(GetsecondNum() == EntryTime AND StaticVarGet(static_name + EntryTime) == 0)\n{\n\t\/\/Entry Short Straddle\/Strangle at the Entry Time\n    StaticVarSet(static_name + EntryTime, 1);\n    leg1response = placeoptionorder(spot_sym,leg1expiry_dt,strike_int,leg1qty,leg1Ttranstype,leg1opt_type,leg1offset,1,SL);\n    _TRACE("Leg 1 Short Order Placed Successfully");\n    leg2response = placeoptionorder(spot_sym,leg2expiry_dt,strike_int,leg2qty,leg2Ttranstype,leg2opt_type,leg2offset,2,SL);\n    _TRACE("Leg 2 Short Order Placed Successfully");\n    \n}\nelse if(GetsecondNum() != EntryTime)\n{\n     StaticVarSet(static_name + EntryTime, 0);\n}\n\n\nif(GetsecondNum() == SqOffTime AND StaticVarGet(static_name + SqOffTime) == 0)\n{\n\n\t\/\/Exit Short Straddle \/ Short Strangle\n    StaticVarSet(static_name + SqOffTime, 1);\n    sqoff1status = squareoffoptions(leg1opt_type,leg1Ttranstype,1);\n\t_TRACE("Leg 1 Exit Response :"+sqoff1status);\n\t\n\tsqoff2status = squareoffoptions(leg2opt_type,leg2Ttranstype,2);\n\t_TRACE("Leg 2 Exit Response :"+sqoff2status);\n    \n}\nelse if(GetsecondNum() != SqOffTime)\n{\n     StaticVarSet(static_name + SqOffTime, 0);\n}\n\n\n}\n\n_SECTION_BEGIN("Price");\nSetChartOptions(0,chartShowArrows|chartShowDates);\n_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));\nPlot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); \n_SECTION_END();<\/code><\/pre>\n\n\n\n
4)Now right-click over the charts and set the Client ID, user_apikey, api_secretkey,broker and set the required quantity<\/p>\n\n\n\n
5)Ensure the Symbol File Path Exists<\/strong>. This is the path where the executed symbols CE and PE Options will get saved in a CSV file for later squareoff.<\/p>\n\n\n\n
Ensure while entering the Option Expiry Format. Login to Algomojo Terminal and check out the weekly and monthly option format and enter the expiry date accordingly.<\/p>
For Aliceblue account holders Monthly Option Symbol Format: NIFTY21JAN14500CE<\/p>
Hence the Expiry Date needs to be entered as 21JAN<\/p>
For Aliceblue Account holders weekly Option Symbol Format: NIFTY2111414500CE<\/p>
Hence the Expiry Date needs to be entered as 21114<\/p>
For Tradejini and Zebu Account Holders Monthly Option Symbol Format: NIFTY28JAN2114500CE<\/p>
Hence the Expiry Date needs to be entered as 28JAN21<\/p>
For Tradejini and Zebu Account Holders Monthly Option Symbol Format: NIFTY14JAN2114500CE<\/p>
Hence the Expiry Date needs to be entered as 14JAN21<\/p><\/blockquote>\n\n\n\n
1AlgomojoCE.csv and 1AlgomojoPE.csv and 2AlgomojoCE.csv and 2AlgomojoPE.csv will be saved whenever the straddle or strangle are executed and files will be saved only if the execution status is in complete or in rejected<\/strong> mode<\/p>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n
7)Ensure Log Window is open to capture the Trace Logs<\/p>\n\n\n\n
8)Bingo Now you have setup the complete end to end automated straddle\/strangle execution. Straddle\/Strangle Control can be controlled via offset parameters.<\/p>\n\n\n\n
9)Code is designed in such a way that stop loss is placed for individual price legs and not for the combined premium of Straddle\/Strangle Spreads. And Stoploss orders will be placed only if the entry order goes to a completed state.<\/p>\n\n\n\n
10)Make the Algo Enable and send time based straddle execution (Supports both entry and exit conditions).<\/p>\n","protected":false},"excerpt":{"rendered":"
This tutorial focus on how to automate your index straddle\/strangle strategy with intraday stop-loss levels with time-based entry and exits using Algomojo Platform and Amibroker.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[6,15],"tags":[13,85,86,87],"_links":{"self":[{"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/posts\/154"}],"collection":[{"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":5,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":648,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/posts\/154\/revisions\/648"}],"wp:attachment":[{"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/algomojo.com\/blog\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}