SquareOff
16.9K subscribers
6.09K photos
291 videos
161 files
3.67K links
We help you trade better through our Trading bots https://squareoffbots.com

Reach us at support@squareoff.in for any queries
Download Telegram
Since many users have doubts regarding how to use Squareoff Trading bots the right way to maximise profits with minimal drawdown, we are conducting a live youtube session today evening at 7PM. Please feel free to post all your doubts during this live session.


https://www.youtube.com/watch?v=bhdi3BNn1no
Update: Angel API is down due to which out bot users are unable to login through Angel account. We have notified Angel tech team about the same, they are working on it. If you are Angel user, please try again after 9am. However, no issues observed with other brokers, it’s working fine. Will keep the group posted once we get an update from Angel team.
It’s working now. Angel users can give input to bots now.
SquareOff
Today’s live results of baskets. 10 lots BNF basket, 8 lots FinNifty and 6 lots Nifty traded. 15 lots ATS https://get.dhan.co/MVNLG94419/po/?data=NTIhlqO0TfgdXbLVvf1OSl9Oykz65BxaUicaUtFuqGU&stamp=54884
As per the published pnl report, considering baskets and ats, we should have ended up making ₹20500 profit instead we ended up making much lower than the reported pnl.

At times, this is how it works. We might end up making lower profits than our users, and vice vera can also happen, where we might end up making higher profits than users.

How does this happen?

For that we need to understand how basket works.

Baskets place order based on underlying instrument, at the time of placing the order it checks the premium and accordingly it get placed. 

At times it will be same for all users if no significant movement happens at the time of placing orders, if there any movements then strike selection could change for certain set of users

Say our order get placed at 9:20:05 second and yours get placed at 9:20:07 seconds, in this 2 second if there was any movement underlying then choice of strikes could vary.

Same applies with stop loss level as well. There will be days where we end up making loss but most of our users make profits because our SL could have hit but their SL could have been missed.


if your entry price is 100₹, and stop loss is 125, market moves to 126₹ then your stop loss gets hit.

For others their entry price could be 102₹ due to slippage and their stop loss will be 127.5₹, so for him stop loss would have not been hit. Since SL is based on executed price, the SL prices varies slightly for every user, hence there will be a difference at times

So if you are trading any baskets then you could see such discrepancy with pnl report at times. 

But On the long run it all evens out and doesn’t make any difference in overall results if one continues to trade everyday.
Please note from today Nifty lot size has been changed from 50 to 25. There is no major impact, however whatever the lot size you have been giving as input to bots for nifty, you just need to double it.
From today we are trading with higher lot size with Nifty in www.squareoffbots.com since lot size has been changed effective today. Plan your trades accordingly