When setting the Max Allocation in a Streak Strategy to 100,000, does this value represent the maximum amount of stocks to be bought or sold worth Rs. 100,000, or does it refer to the maximum margin money requirement for an MIS trade, utilizing up to Rs. 100,000 of margin? @Streak
Hi @Swati
Max allocation allows users to size their position based on the capital you assign. Once you assign the capital, the system will automatically calculate the maximum quantity that it can enter with the specified amount.
For example: I want to allocate INR 10000 for each instrument. So you just have to enter “10000” under the Max allocation field and select the Position Sizing Type as “Capital Based. Now let’s assume the stock PNB is priced at 100, the position size that can be bought at this price level with INR 10000 will be equal to 100 quantity. This is calculated as [ Max allocation/instrument price ].
Note: In Streak irrespective of the order type, no margins are assumed for any instrument.