Disclaimer:
- Try this at your own risk.
- If you do decide to use this, Test it thoroughly before you do so.
- At the time of writing, the NSE NOW version is : 1.13.3.5
- This has been tested by me only for the above mentioned version for the NSE NOW software provided by my broker Finvasia.
- This has been tested on Win 10 64 bit OS
- The automation script is designed for day trading on the NSE CASH segment
Acknowledgement:
This brilliant article from Stocksonfire set me thinking. Its perfectly suited for those of us who like to trade on the FnO segment for a fixed lot size. Although limited in its functionality, X-Mouse Button Control is a good choice for this.
But what if I need to trade on the NSE Cash segment with a clear cut position sizing and a dynamic Stop Loss ? Therein lay the origin of this script written in AutoIt. Some of the other tools that I have explored for this automation are SikuliX, Selenium and AutoHotkey
But what if I need to trade on the NSE Cash segment with a clear cut position sizing and a dynamic Stop Loss ? Therein lay the origin of this script written in AutoIt. Some of the other tools that I have explored for this automation are SikuliX, Selenium and AutoHotkey
Purpose of this Automation:
- Create a Hotkey for placing a Buy/Sell order. Here (Shift + B) is used for placing a Buy Order. And (Shift + S) is used to place a Sell Order
- Automatically place a SL (either SL-Limit Order or a SL-Market Order) along with each Buy/Sell Order. The default is SL-Limit Order.
- For a Long position, the Low of the day is taken as Stop Loss . For a Short position, the High of the day is taken as SL.
- A rudimentary Position Sizing . For the input trading capital , the number of shares to Buy/Sell are determined by the formulae: (ltp - stoploss)*noofshares = risk per trade. For finer details on position sizing, check with the writings of GuruJi Van Tharp
