Fully Automated Intraday ORB Trading platform- Aliceblue

  • Sep-24-2020

The Intraday ORB Trading bot has been made as fully automated now, zero manual intervention. Entry,target,stoploss and even auto Squareoff will be taken care by this new Fully automated Aliceblue trading bot. Follow the mentioned below instruction.

How it works:

Please login to Our Algo Dashboard ( https://squareoffbots.com/aliceblue/login  - Aliceblue)  (https://squareoffbots.com/trustline/login  - Trustline) account after 8am every day

Login with your Facebook account

Enter your your Aliceblue user id /password

Now click on enter capital for the respective bots

Now click Trade after you enter the capital, all your inputs will be recorded, as and when orders are triggered it will be executed in your aliceblue account automatically.

If you wish to modify capital anytime, you can do so by clicking on Modify and enter updated capital and submit again. Also if you wish to stop the bot anytime during the day, you can do the so by clicking the stop button on the respective bots, which will stop placing any new orders in your account.

It works only with Aliceblue and Trustline broker account, if you do not have one, open account using mentioned below link

https://squareoffbots.com/aliceblue - AliceBlue 

https://signup.itradeonline.in - Trustline

If you have an existing account, you can also use that. You just have to go to this link and enable the trial

https://squareoffbots.com/aliceblue/login AliceBlue 

https://squareoffbots.com/trustline/login Trustline

Strategy:

The strategy is plain 15 mins opening range Breakout. The system calculates what’s the first 15 mins high and low of the stock, so after 9:30 AM, when high range is broken Buy order is triggered with 15 mins low as stop loss. If low range is triggered, then short order is triggered with 15 mins high as stop loss.

No Targets or Trailing stop loss used, all position gets closed by EOD.

List of stocks:

Daily 10 stocks will be selected by the bot based on pre-open session. Top 5 gainers and Top 5 losers will be selected from the fno list.

https://www1.nseindia.com/live_market/dynaContent/live_watch/pre_open_market/pre_open_market.htm


At times when high priced stocks like Eicher mot, page industries or when penny stocks like Idea comes in the list, such stocks will be ignored by the bot.

ORB has two options, low risk and High risk, traded value will always differ between two options.


Low Risk:

The default risk per trade is always 1% on capital, not on stock price. No matter whats your capital , maximum risk is always going to be 1%. For example, if your capital is 10000, if the loss is Rs.100 (which is 1% of your capital), it will exit automatically.

Quantity will be decided based on the risk per trade, say if our capital is Rs.10,000 and default risk is 1% of my capital in each trade, then it should be 1% on 10k, which is Rs.100. So 100 Rs is what am going to risk in each trade, accordingly my quantity will be decided.

Quantity = Buy Range — Sell Range. For example, by 9:30 AM, say Reliance High is 1000 and low is 980, then the risk here is 1000–980 =20.

So it should be, my risk capital/risk, 100/20= 5. Quantity should be 5.

High Risk:

Quantity:

Capital entered to the bot will be allocated to each stock, if you enter Rs.10,000 as capital, then each stock will be allocated with Rs.10,000 capital. Since we trade in Intraday, the leverage provided by Aliceblue will help to trade all ten stocks with 10k capital.

Consider the below example, 10k capital and 10 stocks has to be traded, the bot calculates the orb ranges and based on stock price entry and capital, quantity is calculated, Zeel buy price is 257.8 and capital is Rs.10,000 so quantity is 10000/257.8=39.

This is how high risk option works, where your total traded value always equals what you input as capital, whereas in low risk, your total traded value will always be lesser than your capital because it doesn't risk more than 1% of your capital in a trade.


Since we are trading with 10 times exposure, the risk is also higher. The max drawdown is as high as -103%. So if one trades with 1 lac capital, he can lose most of it. 

So the wise way to trade is, always trade with one third of your capital. Say you have 1 lac in your account, but give Rs.30,000 as capital, this way, even 30k is lost , you lose only 30% of your actual capital but make good returns.

You can download the trade report from here

ORB Performance: https://goo.gl/HhrK77

Please note that all orb parameters are fixed.

Places both buy and sell orders for 10 stocks

Order type MIS (Not CO/BO)

Market order

Entry time 9:30 AM

Risk type: Low risk and High risk

Stop loss is default, which is 15 mins orb high or low

No targets, No TSL.

All position will exited at 3.10 pm or when stop loss hits.

Other FAQs:

Am Interested to try it out. What should I do?

Open account through SquareOff partner linkmentioned above and once account is opened go to this link and enable your free trial . If you already have an existing aliceblue or trustline account, just go to the same link mentioned above and enable your free trial.

Can I monitor the trades real time?

Yes, you can login to Aliceblue account and check the trades on real time.

Do I need to click any button during the market hours?

No manual intervention required. You just need to login once every day and update your capital, that’s all. Bot will automatically place all trades.

What is the subscription fee for the bot?

Its Rs.15,000 + gst per year. https://imojo.in/fullyautomatedorb

Does it work on Zerodha or Upstox?

No, the fully automated orb platform works with Aliceblue only.

Does I need to keep the laptop/mobile web page open and running after logging in the morning?

No,not required. Once you login to the platform and update your capital, its done. System records it. You don’t need to maintain any server or download any software, or keep laptop open.

Do you have a demo video to know how this bot works?

Yes, please refer this demo video link https://youtu.be/NwI3Ou_885Y and also you can watch the free webinar on Algo Trading here https://www.youtube.com/watch?v=qva88jxMaCY&t=8s

Can I use the same account for my own manual Trading?

Yes, you can use it.

Why its not fully automated with Zerodha or Upstox or with other brokers?

Brokers like Upstox/Zerodha charges almost Rs.4000 per month to use their API, its an additional cost the user has to pay, if they wanted to use fully automated platform, where brokers like Aliceblue provide api free of cost, so traders don’t need to spend extra cost for fully automated platform.

How can I reach you guys?

We can be reached at support@squreoff.in or ping us in telegram at http://t.me/squareoff we do not have any help desk voice support, all queries are addressed only through our email/chat support system

If you liked this article, please do share share it (Whatsapp, Twitter) with other Traders/Investors. 


  • profile
    Selvaraj Ramasamy
      4 days ago

    How many maximum points could earn per day in Alicealgo auto trading platform for MIS intraday trading?. Any restrictions or ceiling for points per day earning in alicealgo auto trading?. Selvaraj Ramasamy, no.1spices@gmail.com

    Reply 0 comments

  • Tags | aliceblue algo trading,aliceblue auto trading,aliceblue tradingbot,intraday alerts,algorithm trading strategy,Fully automated trading,ORB,intraday orb trading bot,Fully Automated Intraday ORB Trading