Options trading execution tool for India
Budget: ₹37,500 – ₹75,000 INR
Please read the project brief carefully and only bid if you have past experiance building such tools!
I am looking for a skilled freelancer to develop an options trading execution tool specifically for the Indian market. The tool should have the following features:
- Order execution automation: The tool should be able to automatically execute orders based on pre configured webhook alerts (alreats with their logic is already implemented), saving time and effort for the user.
a. Read the webhook and trigger buy / sell orders on Broker platform.
b. Automatically select Option strikes to be traded.
c. Place the entry orders (buy or sell depending on configuration) on broker terminal through API (start with Angel Trading but keep a provision to add other brokers in future) in multiple accounts simultaneously
d. Confirm once entry order is executed
e. Automatically place stop loss and target orders
f. Track active trades and if one exit order executes (SL or target), cancel pending orders
g. If trade on same instrument is active from a past alert than system must ignore any fresh alert
h. Option to exit all open positions in all accounts at market price (kill switch for any exceptional case when market is very volatile)
i. Broker account configurations (login, session management etc. for multiple client accounts)
j. Preference settings for each user (Like Only Nifty, Only Bank Nifty or Both type of trades, number of lots to trade in their accounts etc.)
k. Option where Admin can enable/disable algo trades on daily basis for a particular client
l. Provide daily trade summary and P/L reports
m. Addition feature to have Paper trading facility where no actual orders will be placed with broker but just provide summary of trades based on alerts
- Real-time market data: The tool should provide up-to-date market data to help users make informed trading decisions.
- Portfolio tracking and analysis: The tool should have the capability to track and analyze the performance of the user's options trading portfolio.
I am open to suggestions for the preferred platform or broker to integrate with. The tool should be compatible with multiple platforms/brokers to provide flexibility to users.
The expected frequency of use for this tool is daily.
I am looking for a skilled freelancer to develop an options trading execution tool specifically for the Indian market. The tool should have the following features:
- Order execution automation: The tool should be able to automatically execute orders based on pre configured webhook alerts (alreats with their logic is already implemented), saving time and effort for the user.
a. Read the webhook and trigger buy / sell orders on Broker platform.
b. Automatically select Option strikes to be traded.
c. Place the entry orders (buy or sell depending on configuration) on broker terminal through API (start with Angel Trading but keep a provision to add other brokers in future) in multiple accounts simultaneously
d. Confirm once entry order is executed
e. Automatically place stop loss and target orders
f. Track active trades and if one exit order executes (SL or target), cancel pending orders
g. If trade on same instrument is active from a past alert than system must ignore any fresh alert
h. Option to exit all open positions in all accounts at market price (kill switch for any exceptional case when market is very volatile)
i. Broker account configurations (login, session management etc. for multiple client accounts)
j. Preference settings for each user (Like Only Nifty, Only Bank Nifty or Both type of trades, number of lots to trade in their accounts etc.)
k. Option where Admin can enable/disable algo trades on daily basis for a particular client
l. Provide daily trade summary and P/L reports
m. Addition feature to have Paper trading facility where no actual orders will be placed with broker but just provide summary of trades based on alerts
- Real-time market data: The tool should provide up-to-date market data to help users make informed trading decisions.
- Portfolio tracking and analysis: The tool should have the capability to track and analyze the performance of the user's options trading portfolio.
I am open to suggestions for the preferred platform or broker to integrate with. The tool should be compatible with multiple platforms/brokers to provide flexibility to users.
The expected frequency of use for this tool is daily.