Is type of entry/prder placement possible on Streak?

Trading
1

Hi,

Never tried streak, but was wondering if streak can help in execution and monitoring in semi automated way like this.

  1. Order Triggered manually, immediately on a click or whatever based on my need.
  2. Order gets executed at market, with SL in broker and Target.
  3. If SL happens, Target order gets cancelled.
  4. If target not reached, open positions gets closed after 15 minutes of execution.

Want to try this on 5 min TF underlying Nifty Spot, and options as instrument

Thanks in Advance!!!

2

@Krishnendu @Streak Sir, please throw some light

3

Hi @Himadri_Goswami

Let us help you understand how the order flow works in Streak

  1. Firstly when your strategy conditions are met, you will receive an actionable alert upon which you can click and place the orders.

  2. Just after the entry, you will receive an alert for the SL-L limit order which helps you to directly set a stoploss based on the entry price and the SL set in the strategy. Your SL will be automatically hit and your position will be closed when you act upon the SL-L alert. In case you choose to ignore the SL-L alert, an SL alert will be sent after the stoploss is hit.
    You cannot set the same for the target profit, an alert will be sent when TP is hit and you will have to act upon the alert to close the position.

  3. Further, when you set the SL-L order, and your position hits the target profit, then you will first need to cancel the SL order from the broker platform and then act upon the Target profit alert.
    If you do not cancel the SL order from the broker platform and directly act upon the TP alert, the system will consider it a fresh order and will place a new sell order or buy order accordingly.

  4. The feature of automatically closing open positions 15 minutes after execution cannot be implemented, as this functionality is not supported.

Hope this clarifies the doubts.

4

Thanks