Algo Trading @MasterTrust
- Thread starter mastertrust_ats1
- Start date
Weekly Tip #9 Continued from Expert Trade Management, Simplified!, Backtesting Strategies Without Coding!, Time Stop Loss, Bracket Order: Simplest Automated Trading, Using Renko Charts with MasterTrader v3.0, Scale-in and Exit with Net Position Check, Smart Execution and Using Multiple Time-frame for Position Sizing
Level Based Trading
Many traders use intraday levels for trading. Some commonly used levels are key Support and Resistance, Camarilla Levels, Fibonacci Levels and Woodie Pivot Points. Regardless of the method of calculating levels, it is not easy to execute trades on intraday levels.
This is primarily because any trade may also require to place a Stop Loss, Trailing Stop Loss or Profit Target. The stop loss order cannot be placed before creating a position because the level may not reach at all and you may end up with a reverse position. There are also chances of enduring high slippage if you are not too quick to place an order when level is breached.
Thankfully, many level based strategies can be very easily automated using Bracket Order. You do not need charts or any analysis to use implement it. A Bracket Order is a three-leg order by which a trader takes position in the market and at the same time defines the Stoploss and Target for his trade. If either of Stoploss or Target order is triggered, the other exit order is cancelled automatically.
And if the trading requires complex scenario like generating trades based on how multiple levels are reached, you can automate it through Amibroker + MasterTrader v3.0
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
Level Based Trading
Many traders use intraday levels for trading. Some commonly used levels are key Support and Resistance, Camarilla Levels, Fibonacci Levels and Woodie Pivot Points. Regardless of the method of calculating levels, it is not easy to execute trades on intraday levels.
This is primarily because any trade may also require to place a Stop Loss, Trailing Stop Loss or Profit Target. The stop loss order cannot be placed before creating a position because the level may not reach at all and you may end up with a reverse position. There are also chances of enduring high slippage if you are not too quick to place an order when level is breached.
Thankfully, many level based strategies can be very easily automated using Bracket Order. You do not need charts or any analysis to use implement it. A Bracket Order is a three-leg order by which a trader takes position in the market and at the same time defines the Stoploss and Target for his trade. If either of Stoploss or Target order is triggered, the other exit order is cancelled automatically.
And if the trading requires complex scenario like generating trades based on how multiple levels are reached, you can automate it through Amibroker + MasterTrader v3.0
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
Weekly Tip #10
Trading Options Using Technical Analysis
The technical charts of liquid options, such as those of Nifty Futures, appear quite similar to the technical charts of stocks. One can use tools of Technical Analysis on Option charts such as averages, momentum oscillators and bands.
Both MasterTrader v3.0 and MasterTrader v8.0 can be used to exploit option trading opportunities using Technical Analysis.
MasterTrader v3.0 integrates with Amibroker to provide high quality charting data as well as send buy/sell signals from Amibroker to exchange. You can use Amibroker to apply technical analysis on options charts, and also send automated orders from you AFL strategy.
MasterTrader v8.0 has in-built advanced charting and analytical tools. It allows you to build a strategy without using any coding at all, backtest the strategy, and finally run it live in a automated environment. MasterTrader v8.0 does not require Amibroker or any other strategy development platform.
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
Trading Options Using Technical Analysis
The technical charts of liquid options, such as those of Nifty Futures, appear quite similar to the technical charts of stocks. One can use tools of Technical Analysis on Option charts such as averages, momentum oscillators and bands.
Both MasterTrader v3.0 and MasterTrader v8.0 can be used to exploit option trading opportunities using Technical Analysis.
MasterTrader v3.0 integrates with Amibroker to provide high quality charting data as well as send buy/sell signals from Amibroker to exchange. You can use Amibroker to apply technical analysis on options charts, and also send automated orders from you AFL strategy.
MasterTrader v8.0 has in-built advanced charting and analytical tools. It allows you to build a strategy without using any coding at all, backtest the strategy, and finally run it live in a automated environment. MasterTrader v8.0 does not require Amibroker or any other strategy development platform.
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
For further information and demonstration of MasterTrader v8.0 please contact us 0120-3083333 or [email protected]. A demonstration video is currently not available.
Weekly Tip #11
Using Nifty Index Charts to Trade Nifty Futures
For Technical Analysis, often traders prefer Index charts rather than Future charts. This is because Future charts also include the interest premium, and it may affect price patterns. Future charts may also show wilder fluctuations in intraday due to few large trades. The requirement is therefore to use Technical Studies and generate Buy/Sell signals on Index charts, but execute trades in Nifty Future charts.
Both MasterTrader v3.0 and MasterTrader v8.0 can be used to automate such strategies.
MasterTrader v8.0 has inbuilt charting and technical studies. You can apply technical studies on Nifty Index chart, the use “Add another scrip” to map strategy signals to Nifty Futures chart. It helps to create strategies from common indicators and candlestick patterns without using any coding at all!
MasterTrader v3.0 automates Amibroker AFL strategy. You can code an AFL to generate signals on Futures chart using Index data. These signals will be processed by MasterTrader v3.0 to execute trades in Futures chart. If you need professional help regarding coding strategy in AFL from scratch, you can contact us.
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
Using Nifty Index Charts to Trade Nifty Futures
For Technical Analysis, often traders prefer Index charts rather than Future charts. This is because Future charts also include the interest premium, and it may affect price patterns. Future charts may also show wilder fluctuations in intraday due to few large trades. The requirement is therefore to use Technical Studies and generate Buy/Sell signals on Index charts, but execute trades in Nifty Future charts.
Both MasterTrader v3.0 and MasterTrader v8.0 can be used to automate such strategies.
MasterTrader v8.0 has inbuilt charting and technical studies. You can apply technical studies on Nifty Index chart, the use “Add another scrip” to map strategy signals to Nifty Futures chart. It helps to create strategies from common indicators and candlestick patterns without using any coding at all!
MasterTrader v3.0 automates Amibroker AFL strategy. You can code an AFL to generate signals on Futures chart using Index data. These signals will be processed by MasterTrader v3.0 to execute trades in Futures chart. If you need professional help regarding coding strategy in AFL from scratch, you can contact us.
Happy Trading!
AlgoTrading@Mastertrust
Click for Inquiry
Click for Demo of MasterTrader v3.0
@Puneeth,Master Trust.
Is it possible to have Bracket Order Facility with SL-L entry,
I use Bracket order given by NEST in which I can place only LIMIT order TYPE.
I want to enter trade with SL-L or SL-M which is not possible with NEST.
Do you provide this facility? or Is it possible to automate it?
Note: I am already cleared NCFM certification.
Is it possible to have Bracket Order Facility with SL-L entry,
I use Bracket order given by NEST in which I can place only LIMIT order TYPE.
I want to enter trade with SL-L or SL-M which is not possible with NEST.
Do you provide this facility? or Is it possible to automate it?
Note: I am already cleared NCFM certification.
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