Nifty / BankNifty Options buying algo developed in python using the SuperTrend indicator for the NSE exchange using the Alice Blue broker API
Join Telegram channel rajeshsivadasanalgo to get live trading performance
Follow the below steps to get the algo up and running:
1. Copy all the three files in a same folder
2. Update the user credentials and preferences in the ab_options.ini
3. Install the below dependencies:
pip3 install pya3
pip3 install pycryptodome
4. Run the algo using from the commandline using the below command:
python3 ab_options.py
Below are the settings with default values and their descriptions for the .ini file:
[tokens]
uid = XXXXXX (Alice Blue UserID/Client ID)
pwd = XXXXXX (Password)
twofa = XXXXXX (Year of Birth)
totp_key = XXXXXXXXXXXXXXXXXX (Time based OTP key)
api_key = XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX (API Key)
autologin_date = 2022-12-22 (Optional. Autologin date , managed by Algo, no need to update)
bot_token = bot1821162929:XXXXXXXXXXXXXXXXXXXXXXXX (Telegram Bot token ID, used for sending log messages as chat)
chat_id = XXXXXX (Telegram Chat ID to which algo messages needs to be sent)
channel_id = (Optional. Telegram Channel ID to which Algo messages needs to be sent)
enable_bg_process = 1 (Activates the background process which you can interact with to update the realtime algo settings)
log_to_file = 1 (Enable logging to the log file)
[realtime] (Below are the realtime settings which can be changed during the live market also and will be captured by the Algo)
trade_nfo = 1 (Enable(1)/Disable(0) Nifty trading)
trade_bank = 1 (Enable(1)/Disable(0) BankNifty trading)
enablebo2_nifty = 0 (Enable(1)/Disable(0) second Bracket Order for Nifty)
enablebo3_nifty = 0 (Enable(1)/Disable(0) third Bracket Order for Nifty)
enablebo2_bank = 0 (Enable(1)/Disable(0) second Bracket Order for BankNifty)
enablebo3_bank = 0 (Enable(1)/Disable(0) third Bracket Order for BankNifty)
nifty_sl = 30.0 (Stop Loss points for Nifty orders)
bank_sl = 40.0 (Stop Loss points for BankNifty orders)
mtm_sl = -5000 (MTM/PNL loss amount after which Algo will stop trading)
mtm_target = 50000 (MTM/PNL profit amount after which Algo will stop trading)
export_data = 0 (Export Nifty/BankNifty data to CSV file in between the Algo execution)
nifty_bo1_qty = 50 (Bracket Order quantity for the first Nifty Bracket Order)
nifty_bo2_qty = 50 (Bracket Order quantity for the second Nifty Bracket Order)
nifty_bo3_qty = 50 (Bracket Order quantity for the third Nifty Bracket Order)
bank_bo1_qty = 25 (Bracket Order quantity for the first BankNifty Bracket Order)
bank_bo2_qty = 25 (Bracket Order quantity for the second BankNifty Bracket Order)
bank_bo3_qty = 25 (Bracket Order quantity for the second BankNifty Bracket Order)
nifty_ord_type = BO (Nifty Order Type. BO/MIS Bracket Order or MIS order)
bank_ord_type = BO (BankNifty Order Type. BO/MIS Bracket Order or MIS order)
nifty_limit_price_offset = -10 (Price to be added to the Nifty LTP when the signal is generated)
bank_limit_price_offset = -30 (Price to be added to the BankNifty LTP when the signal is generated)
nifty_strike_ce_offset = -200 (Strike to be added to ATM Strike price for Nifty Call Options)
nifty_strike_pe_offset = 200 (Strike to be added to ATM Strike price for Nifty Put Options)
bank_strike_ce_offset = -100 (Strike to be added to ATM Strike price for BankNifty Call Options)
bank_strike_pe_offset = 100 (Strike to be added to ATM Strike price for BankNifty Put Options)
tick_processing_sleep_secs = 9 (Wait or sleep time for the main tick processing loop. Can reduce if the processing time alert is displayed.)
[info]
olhc_duration = 3 (Candle time interval in minutes e.g 3 for 3min candle. Min recommended is 2)
nifty_lot_size = 50 (Standard Exchange lot size for Nifty)
bank_lot_size = 25 (Standard Exchange lot size for BankNifty)
nifty_tgt1 = 20.0 (First target points above Limit Price to be achieved for Nifty)
nifty_tgt2 = 100.0 (Second target points above Limit Price to be achieved for Nifty, ensure enablebo2_nifty=1 for this to work)
nifty_tgt3 = 300.0 (Third target points above Limit Price to be achieved for Nifty, ensure enablebo3_nifty=1 for this to work)
bank_tgt1 = 20.0
bank_tgt2 = 100.0
bank_tgt3 = 600.0
nifty_tsl = 40
bank_tsl = 40
nifty_sqoff_time = 1515
use_rsi = 1
use_rsi_roc = 1 (Enable(1)/Disable(0) RSI Rate of change check if consistent as per trend)
rsi_period = 7
rsi_buy_param = 25
rsi_sell_param = 75
enable_nfo = 0
enable_bank = 0
file_nifty =
file_bank =
no_of_trades_limit = 10
weekly_expiry_holiday_dates = 2021-08-19,2021-11-04
init_sleep_seconds = 1
pending_ord_limit_mins = 30
enable_nfo_data = 1
enable_bank_data = 1
nifty_trade_start_time = 920
nifty_trade_end_time = 1440
nifty_no_trade_zones = [(900,925),(1100,1330)]
sl_wait_time = 600 (Seconds till algo needs to wait for the limit order to be completed post which the order would be cancelled. Default is 10 mins/600 seconds)
nifty_limit_price_low = 50
nifty_limit_price_high = 400
bank_limit_price_low = 50
bank_limit_price_high = 470
get_opt_ltp_wait_seconds = 3