⚠️ IMPORTANT ⚠️
Huge spikes and slippages on the PE side today. Traders using Market orders for exits will get huge slippages. Inspite of repeat suggestions to use Limit/SL Limit orders, even some experienced traders are still using Market orders for exits in some cases.
Please use Limit/SL Limit orders for exits. Gamma spikes mostly occur on expiry days. It may be resonable to set N secs on Limit/SL Limit orders to a higher number to allow the price to cool down (ONLY for expiry days where gamma spikes are a regular occurence). A higher value like N=120 secs (for Limit/SL Limit order) may help, but comes with a risk.
Any suggestions to reduce slippages on spikes are welcome. But with suggestions, recommendations on how to address tail end risk is also required.
Huge spikes and slippages on the PE side today. Traders using Market orders for exits will get huge slippages. Inspite of repeat suggestions to use Limit/SL Limit orders, even some experienced traders are still using Market orders for exits in some cases.
Please use Limit/SL Limit orders for exits. Gamma spikes mostly occur on expiry days. It may be resonable to set N secs on Limit/SL Limit orders to a higher number to allow the price to cool down (ONLY for expiry days where gamma spikes are a regular occurence). A higher value like N=120 secs (for Limit/SL Limit order) may help, but comes with a risk.
Any suggestions to reduce slippages on spikes are welcome. But with suggestions, recommendations on how to address tail end risk is also required.
📣 New feature: Download reports / Trade Journal ⚡️
You can now export historic trade details and maintain a journal of all the trades done on Quantiply.
I. How to download reports:
Click on your profile section and go to the Reports section. Select a date or a date range and download the reports.
II. Important points:
1. Reports can be generated for a maximum of 7 days at a time.
2. Current trading day’s reports can be downloaded only after market hours, on the same day, and NOT during market hours.
3. If an algo is reset for any reason after taking positions or encountering errors, the previous trade details (in case any trades had taken place before the algo was reset) will be lost and not recorded in the reports.
4. For Positional trades, the exit trade details will show in the reports only after the trades have been squared off, till then, only the entry trades will show in the report and the exit trade details will be blank.
5. For any change in the client id/broker, algo name, or algo configuration, the latest updated client id/broker, algo name, or algo configuration will reflect in the reports, and NOT the client id/broker, algo name, or algo configuration that was used at the time and day the algo had run historically. This will be the case only for algos that were run before 30th August 2022.
For algos run after 30th August 2022, the client id/broker, algo name, or algo configuration that were used in the algo, will be the ones that will reflect in the downloaded reports, even if the client id/broker, algo name, or algo configuration is updated later.
You can now export historic trade details and maintain a journal of all the trades done on Quantiply.
I. How to download reports:
Click on your profile section and go to the Reports section. Select a date or a date range and download the reports.
II. Important points:
1. Reports can be generated for a maximum of 7 days at a time.
2. Current trading day’s reports can be downloaded only after market hours, on the same day, and NOT during market hours.
3. If an algo is reset for any reason after taking positions or encountering errors, the previous trade details (in case any trades had taken place before the algo was reset) will be lost and not recorded in the reports.
4. For Positional trades, the exit trade details will show in the reports only after the trades have been squared off, till then, only the entry trades will show in the report and the exit trade details will be blank.
5. For any change in the client id/broker, algo name, or algo configuration, the latest updated client id/broker, algo name, or algo configuration will reflect in the reports, and NOT the client id/broker, algo name, or algo configuration that was used at the time and day the algo had run historically. This will be the case only for algos that were run before 30th August 2022.
For algos run after 30th August 2022, the client id/broker, algo name, or algo configuration that were used in the algo, will be the ones that will reflect in the downloaded reports, even if the client id/broker, algo name, or algo configuration is updated later.
📣 UPDATE: Add additional algos OR Upgrade plans during market hours 📣
You can now add additional algos or upgrade plans during market hours. Once the algo limit is increased or plans are upgraded, you will immediately have access to the additional algos.
Reduction in the number of algos subscribed or downgrade of plans will take effect after market hours only.
You can now add additional algos or upgrade plans during market hours. Once the algo limit is increased or plans are upgraded, you will immediately have access to the additional algos.
Reduction in the number of algos subscribed or downgrade of plans will take effect after market hours only.
⚠️ ZERODHA Users: Alert ⚠️
2 errors coming from Zerodha for order placement and modification
1. "Server not ready"
2. "The exchange connection (adapter) did not accept the order. Please retry"
Monitor your trades. Some trades may have to be managed manually
2 errors coming from Zerodha for order placement and modification
1. "Server not ready"
2. "The exchange connection (adapter) did not accept the order. Please retry"
Monitor your trades. Some trades may have to be managed manually
⚠️ IIFL Users: Alert ⚠️
IIFL accounts getting the error - 16795 : Order cancelled due to voluntary close out.
We're checking the reason for this error with IIFL
IIFL accounts getting the error - 16795 : Order cancelled due to voluntary close out.
We're checking the reason for this error with IIFL
⚠️ IIFL Users: Alert ⚠️
Message from IIFL:
"Orders were cancelled by exchange
Please place orders now and also check your open orders for Stoploss"
For those who want to get their algos reset, DM us the algo page link and we will reset the algo
For those who are running simple strategies can just place manual SL orders in the terminal
Message from IIFL:
"Orders were cancelled by exchange
Please place orders now and also check your open orders for Stoploss"
For those who want to get their algos reset, DM us the algo page link and we will reset the algo
For those who are running simple strategies can just place manual SL orders in the terminal
⚠️ FINVASIA Users: Alert ⚠️
FINVASIA accounts getting the error - 16795 : Order cancelled due to voluntary close out.
FINVASIA accounts getting the error - 16795 : Order cancelled due to voluntary close out.
FINVASIA - Order cancelled due to voluntary close out
ISSUE RESOLVED!
Next steps:
Option 1: Place SL orders manually
Option 2: Square off all open positions and get algos reset via DM and re-take positions
ISSUE RESOLVED!
Next steps:
Option 1: Place SL orders manually
Option 2: Square off all open positions and get algos reset via DM and re-take positions
⚠️ FINVASIA Users: Alert ⚠️
FINVASIA has been alerted that orders are still getting rejected. We will share an update asap
FINVASIA has been alerted that orders are still getting rejected. We will share an update asap
📣 New feature 📣
Underlying based Entries & Exits ⚡️
This functionality allows entries and exits to be taken based on the movement of the underlying. Currently, this feature will work only with Nifty and Banknifty spot price as underlying.
There are 3 parts to this feature:
1. Wait & Trade entries based on Underlying.
2. Underlying based SL.
3. Underlying based Target.
📝 Detailed documentation: https://quantiply.tech/documentation/features-trade-logic/underlying-based-entries-and-exits
Underlying based Entries & Exits ⚡️
This functionality allows entries and exits to be taken based on the movement of the underlying. Currently, this feature will work only with Nifty and Banknifty spot price as underlying.
There are 3 parts to this feature:
1. Wait & Trade entries based on Underlying.
2. Underlying based SL.
3. Underlying based Target.
📝 Detailed documentation: https://quantiply.tech/documentation/features-trade-logic/underlying-based-entries-and-exits
📣 New functionality 📣
Enable or Disable multiple algos⚡️
Now you can Enable or Disable multiple algos at the same time.
Note: When multiple algos are enabled using this option, each algo is enabled sequentially and not in parallel all together. So it can take a few seconds for all algos to get enabled.
Enable or Disable multiple algos⚡️
Now you can Enable or Disable multiple algos at the same time.
Note: When multiple algos are enabled using this option, each algo is enabled sequentially and not in parallel all together. So it can take a few seconds for all algos to get enabled.
📣 TOTP [2FA] Authentication compulsory for Broker login (Access token generation) & logging into the trading terminal 30th September onwards, for all brokers. 📣
1. Zerodha: TOTP is already active for all Zerodha users. Zerodha users need not make any changes.
2. AngelOne: No update on TOTP from the broker yet. Announcements will be made once we receive an update from the broker.
3. Upstox: No update on TOTP from the broker yet. Announcements will be made once we receive an update from the broker.
4. IIFL: TOTP will not be required for Broker Login (Access token generation) via Quantiply. TOTP will be made compulsory only for logging into the IIFL BLAZE Trading Terminal. So for IIFL users no change as of now, broker login to work normally as usual. Any other change or update will be announced in the coming week.
5. Finvasia: TOTP can be setup from the Shoonya trading terminal. Video tutorial here: https://youtu.be/pFSKGws2JLw.
Till 30th September, PAN number & TOTP, both options will work while doing Broker Login via Quantiply (Access token generation). 30th September onwards, instead of PAN number, only TOTP will work. No change in Broker Login process, only difference is that instead of the PAN number, you will insert the TOTP 30th September onwards.
1. Zerodha: TOTP is already active for all Zerodha users. Zerodha users need not make any changes.
2. AngelOne: No update on TOTP from the broker yet. Announcements will be made once we receive an update from the broker.
3. Upstox: No update on TOTP from the broker yet. Announcements will be made once we receive an update from the broker.
4. IIFL: TOTP will not be required for Broker Login (Access token generation) via Quantiply. TOTP will be made compulsory only for logging into the IIFL BLAZE Trading Terminal. So for IIFL users no change as of now, broker login to work normally as usual. Any other change or update will be announced in the coming week.
5. Finvasia: TOTP can be setup from the Shoonya trading terminal. Video tutorial here: https://youtu.be/pFSKGws2JLw.
Till 30th September, PAN number & TOTP, both options will work while doing Broker Login via Quantiply (Access token generation). 30th September onwards, instead of PAN number, only TOTP will work. No change in Broker Login process, only difference is that instead of the PAN number, you will insert the TOTP 30th September onwards.
⚠️AngelOne: Broker login is timing out. We’ve informed them. Keep trying to login till it works for now⚠️
⚠️AngelOne users: Broker login (access token generation) is failing from ANGEL'S side. The issue is being resolved by AngelOne. We're calling them every 5 mins to check. As soon as the issue is resolved we will make an announcement
AngeOne users will have to manage Positional trades manually, as without broker login the algos cannot work. If you manage the position manually, just terminate the algo. Be careful, because as soon the issue is resolved from Angel's side and you do the broker login, the algo will get activated immediately upon broker login. So in the case the issue is not resolved before market open and you manage positions manually, make sure you terminate the Positional algos.
Intraday algos will also not work till the issue is resolved from Angel's side⚠️
AngeOne users will have to manage Positional trades manually, as without broker login the algos cannot work. If you manage the position manually, just terminate the algo. Be careful, because as soon the issue is resolved from Angel's side and you do the broker login, the algo will get activated immediately upon broker login. So in the case the issue is not resolved before market open and you manage positions manually, make sure you terminate the Positional algos.
Intraday algos will also not work till the issue is resolved from Angel's side⚠️
⚠️AngelOne users: DO NOT DELETE YOUR CLIENT IDS FROM THE BROKER SETUP PAGE! Please don't recommend other people to do so either. This is not the solution! Incase you have deleted the broker, make sure to terminate the algos without fail if they;re running, other wise they will stay active and create issues next Thursday. TERMINATE ALGOS if your get confused about anything, and manage positions manually⚠️
⚠️AngelOne users: Temporary solution shared by AngelOne - create new API apps on the SmartAPI portal and modify the api key and secret in the Broker Setup page on Quantiply. It would be similar to doing a fresh new setup.
Quantiply+Angel Setup video: https://www.youtube.com/watch?v=luzR_N0u4gA ⚠️
Quantiply+Angel Setup video: https://www.youtube.com/watch?v=luzR_N0u4gA ⚠️
ANGELONE USERS:
Steps to Enable TOTP for your AngelOne account:
Step 1 - Visit smartapi.angelbroking.com/enable-totp
Step 2 - Enter your AngelOne client id and trading terminal password
Step 3 - Enter OTP sent to Registered email & mobile. Once OTP is entered, you will see a QR code on the screen.
Step 4 - Download Google Authenticator app on your mobile. Open the authenticator app and click the '+' button on the bottom right.
Step 5 - Scan the QR code generated on the screen on your authenticator app
As shared by Angel here: https://smartapi.angelbroking.com/topic/2377/guide-to-secure-your-smartapi-account-with-two-factor-authentication
On QUANTIPLY, 2nd October, Sunday onwards, on the Broker login page, you will be entering the AngelOne client id and password as usual, and you will be entering the TOTP in the third text box before clicking login
Note, that this change on the broker login page of Quantiply will be published tomorrow morning, sometime. It will not be available today on the broker login page.
For today, you can enable TOTP for your AngelOne account by following the above 5 steps
NOTE: Broker login will not happen for AngelOne users on Quantiply today, till we have given the option to enter TOTP, which will be added tomorrow morning.
_________________________________________________________________
Steps to Enable TOTP for your AngelOne account:
Step 1 - Visit smartapi.angelbroking.com/enable-totp
Step 2 - Enter your AngelOne client id and trading terminal password
Step 3 - Enter OTP sent to Registered email & mobile. Once OTP is entered, you will see a QR code on the screen.
Step 4 - Download Google Authenticator app on your mobile. Open the authenticator app and click the '+' button on the bottom right.
Step 5 - Scan the QR code generated on the screen on your authenticator app
As shared by Angel here: https://smartapi.angelbroking.com/topic/2377/guide-to-secure-your-smartapi-account-with-two-factor-authentication
On QUANTIPLY, 2nd October, Sunday onwards, on the Broker login page, you will be entering the AngelOne client id and password as usual, and you will be entering the TOTP in the third text box before clicking login
Note, that this change on the broker login page of Quantiply will be published tomorrow morning, sometime. It will not be available today on the broker login page.
For today, you can enable TOTP for your AngelOne account by following the above 5 steps
NOTE: Broker login will not happen for AngelOne users on Quantiply today, till we have given the option to enter TOTP, which will be added tomorrow morning.
_________________________________________________________________
⚠️ ZERODHA users: ⚠️
Zerodha serving the following error for order placement:
error:InputException:The market order was rejected since there are no trades in this instrument. Try placing a LIMIT order. [Read more.](https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/kite-error-messages/articles/market-order-rejected-fno)
Solution: Get your algos reset by sharing the algo page links with @abhishah33 and change Entry order type to Limit under Advanced Settings and try again.
Zerodha serving the following error for order placement:
error:InputException:The market order was rejected since there are no trades in this instrument. Try placing a LIMIT order. [Read more.](https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/kite-error-messages/articles/market-order-rejected-fno)
Solution: Get your algos reset by sharing the algo page links with @abhishah33 and change Entry order type to Limit under Advanced Settings and try again.
⚠️ ERROR for ZERODHA Clients ⚠️
Lot of -:NetworkException:No response from server with error code: ECONNABORTED coming for some Zerodha users continuously.
Orders will not get placed because of this error in majority of the cases. Orders have to be placed manually OR you can raise a request to reset the algo with @abhishah33
Incase the order is executed and Zerodha has returned entry price, then the algo will work and the error message will go away.
Lot of -:NetworkException:No response from server with error code: ECONNABORTED coming for some Zerodha users continuously.
Orders will not get placed because of this error in majority of the cases. Orders have to be placed manually OR you can raise a request to reset the algo with @abhishah33
Incase the order is executed and Zerodha has returned entry price, then the algo will work and the error message will go away.
📣 Announcement: Quantiply will be unavailable for Muharat Trading on the 24th October 2022. ⚠️
Monday, 24th Oct 2022 will be considered a trading holiday on Quantiply. So all positional trades taken on Friday, 21st, will directly consider 25th Oct, Tuesday as the next trading day. Please plan your trades accordingly.
Monday, 24th Oct 2022 will be considered a trading holiday on Quantiply. So all positional trades taken on Friday, 21st, will directly consider 25th Oct, Tuesday as the next trading day. Please plan your trades accordingly.
📣 Announcement: Quantiply will be unavailable for Muharat Trading on the 24th October 2022. ⚠️
Monday, 24th Oct 2022 will be considered a trading holiday on Quantiply. So all positional trades taken on Friday, 21st, will directly consider 25th Oct, Tuesday as the next trading day. Please plan your trades accordingly.
⚠️ If you do take positional trades today, make sure you monitor your trades on Monday. If you do exit trades on Monday during Muharat trading hours itself, then make sure to 'Terminate algo' after squaring off your trades, to avoid algo from running on Tuesday. Note, this is only for positional trades and for positions that are being managed manually on Monday during Muharat trading hours ⚠️
Monday, 24th Oct 2022 will be considered a trading holiday on Quantiply. So all positional trades taken on Friday, 21st, will directly consider 25th Oct, Tuesday as the next trading day. Please plan your trades accordingly.
⚠️ If you do take positional trades today, make sure you monitor your trades on Monday. If you do exit trades on Monday during Muharat trading hours itself, then make sure to 'Terminate algo' after squaring off your trades, to avoid algo from running on Tuesday. Note, this is only for positional trades and for positions that are being managed manually on Monday during Muharat trading hours ⚠️