Intraday Options Automation (India)
Budget: ₹1,500 – ₹12,500 INR
I manually trade a multi-leg, intraday options strategy on the NIFTY and SENSEX indices and now want the entry and exit flow fully automated. The trade is triggered purely by price action read directly from the live option chain: once specific premium relationships line up, the script should enter the predefined set of legs and then monitor those same premiums to decide when to exit. No indicators or news feeds are involved—only real-time option chain prices. There are specific Risk Management rules in place like the fixed Stop Loss mechanism which has to be followed no matter what and on the basis of that the trading and entry and exit happens.
Scope of work
• Connect to my Indian broker’s API for live option chain data and order placement.
• Continuously scan premiums, match them to the thresholds I will supply, and fire the entry order for the required legs in a single request.
• Track the open position and close all legs automatically when the reverse price-action criteria appear, or at a fixed cut-off time (intraday only).
• Log every signal, fill, and exit with timestamp and option details so I have a full audit trail.
Deliverables
1. Well-commented source code (Python preferred, but I’m flexible).
2. A simple configuration file where I can adjust premium levels, lot sizes, and symbols.
3. Step-by-step setup instructions and a short screen-share hand-off so I can run the bot on my VPS before market open.
4. A one-day live-market test to confirm orders fire exactly when the defined option-chain conditions appear.
Acceptance criteria
• Entry and exit legs match the premiums and quantities I provide, within the same exchange tick.
• All positions square off before the market close without manual intervention.
• Error handling for API disconnections and rejected orders is in place and logged.
If you have earlier experience automating NIFTY/SENSEX option strategies and can turn this into a reliable intraday bot, I’m ready to start right away.
Scope of work
• Connect to my Indian broker’s API for live option chain data and order placement.
• Continuously scan premiums, match them to the thresholds I will supply, and fire the entry order for the required legs in a single request.
• Track the open position and close all legs automatically when the reverse price-action criteria appear, or at a fixed cut-off time (intraday only).
• Log every signal, fill, and exit with timestamp and option details so I have a full audit trail.
Deliverables
1. Well-commented source code (Python preferred, but I’m flexible).
2. A simple configuration file where I can adjust premium levels, lot sizes, and symbols.
3. Step-by-step setup instructions and a short screen-share hand-off so I can run the bot on my VPS before market open.
4. A one-day live-market test to confirm orders fire exactly when the defined option-chain conditions appear.
Acceptance criteria
• Entry and exit legs match the premiums and quantities I provide, within the same exchange tick.
• All positions square off before the market close without manual intervention.
• Error handling for API disconnections and rejected orders is in place and logged.
If you have earlier experience automating NIFTY/SENSEX option strategies and can turn this into a reliable intraday bot, I’m ready to start right away.