How can we help you ?

Choose the category to find the help you need

Announcements

Execution Algo

Explain with an example how "one sided" algo works?

The Scalping Algo always keeps track of a reference price as it is based on the bid/ask price at which the last order was placed, irrespective of whether it was executed or not. Based on this price, it decides when to enter a new trade and when to exit with profit.

Your Inputs:
• Max open positions: 3
• Entry difference: ₹2 (buy when price drops ₹2 below reference)
• Take-profit difference: ₹3 (exit when price rises ₹3 above reference)

Step-by-Step Walkthrough
1. Algo Starts
• Market Price: ₹100
• Algo places the first order.
• Buy executed around ₹100.10
• Reference price is set to ₹100
• Targets based on reference:
o Entry level: ₹98 (₹100 − ₹2)
o Exit level: ₹103 (₹100 + ₹3)

2. Price Drops to ₹98
• Market hits the entry level.
• Buy order is placed and executed around ₹98.20
• Reference price updates to ₹98
• New targets:
o Exit: ₹101 (₹98 + ₹3)
o Next entry: ₹96 (₹98 − ₹2)

3. Price Goes Back Up to ₹100
• No new order is placed. Because for BUY mode, the algo only places new orders when price keeps moving downward (one-sided algo).
• So ₹100 does not trigger any action.

4. Price Drops Again to ₹98.10
• Price reaches the entry zone again (₹96–₹98).
• Another buy order is placed and executed around ₹98.20
• Reference price remains ₹98
• Targets stay the same:
o Exit: ₹101
o Next entry: ₹96

In Simple Words:
• The algo buys when price falls by ₹2 from the current reference price.
• It takes profit when price rises ₹3 from the same reference price.
• After every successful buy, the reference price updates to that level.
• It keeps doing this until it reaches the maximum of 3 open positions.

What exactly does the scalping algo do? What does “Start With Buy or Sell” mean in Scalping Algos? How does the “Take Profit/Exit Difference” work in Scalping Algos? What is “Max Open Quantity” in Scalping Agos? Will the strategy enter both buy and sell trades if I keep One-Sided disabled in Scalping algo?

General

What are the inputs required to place an order using Execution Algos? What are Execution Algorithms? How to trade using Execution Algos? How is brokerage charged for Execution Algos orders? Are there any additional charges for using Execution Algos? Can I stop all Execution Algo strategies at once? Can I pause, stop, and resume Execution Algos orders? Can I clone previously used Execution Algos? Where is the status of Execution Algos displayed? Where can I view details of completed Execution Algos orders? Can ICICI Securities (I-Sec) stop/pause active Execution Algos orders placed by customers? Can the Stock Trigger Price and Execution Price differ? Why is the trigger price not equal to the Last Traded Price (LTP) in Scalping Algo? Why did my market order get executed as limit order in Execution Algos? What is the trigger price in Algo Trading, and why does it not always match the Last Traded Price (LTP) in a Scalping Algo?