JumpStart Template is your first template to test drive system trading through APIBridge. No signal rules or risk management rules are applied in this template.
You will see four symbols in Symbol Settings – SBIN, NIFTY and CRUDEOIL. Let us learn how to place orders in these 3 market segments.
Trading in Equities (Cash)
Change SBIN (input symbol) to your chart symbol. Example, if you see on charts SBIN-EQ, you should change this to HDFC-EQ
Change SBIN (trading symbol) to actual trading symbol for order placement. Example- HDFC
Click Start Trading
Based on Signal Received from your chart, you will see order placed.
Trading in Futures
Change NIFTY (input symbol) to your chart symbol. Example, if you see on charts BANKNIFTY-I, you should change this to BANKNIFTY-I
Change NIFTY (trading symbol) to actual trading symbol for order placement. Example- BANKNIFTY
Click Start Trading
Send LE signal to APIBridge. Based on Signal Received from your chart, you will see order placed. Check Net Positions and Trade History.
If you are trading in Stock Futures, remember to change Instrument from FUTIDX to FUTSTK
Applying Signal Rules:
Tick the Rule: LE place order only in NetPos <=0
This rule protects you from trade misfire. What if you accidentally clicked LE button twice? Or you strategy repaint Buy arrows and send LE again? Test with this rule to find out.
Send LE signal again as sent earlier. It will show message.
Send LX now to squareoff your net position. Check Net Positions and Trade History.
Send LE again. Since, now NetPosition is 0, it will place order.
If you want to scale-in to trades (or position sizing) you should keep this rule unchecked.
Risk Management Settings:
Apply Max Orders per Minute: 2
This rule again helps your strategy from misfire. What if, there is continuous buy-sell signal from your strategy?
Try now by quickly using buttons to send 4 signals – LE, LX, LE, LX. It will allow only first two signals to fire orders.
You can now continue exploring other features of APIBridge with the JumpStart Template.