Do you place the same straddle, strangle or single-leg setup every day at the same time ?
Delta Exchange India now does that repeat work for you with a new feature called Automations. No coding and no third-party algo platform: it runs inside Delta Exchange India itself.
What it does?
It schedules short or long straddles, strangles and single-leg options on BTC and ETH. It works on daily expiry contracts. Gold options are coming soon.
Set it up in 6 steps:
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Open Options on Delta and click New ā Automate (top right).
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Pick your strategy (Straddle, Strangle or Single leg), your asset (BTC or ETH) and your action (Buy or Sell).
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Choose your strikes:
- Straddle: ATM, or one strike above or below it.
- Strangle: set the call and put separately, from ITM 5 to OTM 5.
- Single leg: pick Call or Put, then any strike from 5 ITM to 5 OTM.
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Set your leverage (shown for sells only) and your lot size.
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Add your Take Profit and Stop Loss. They are calculated on the combined premium of all legs.
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Choose your days (every day, or only the days you pick), your entry time and your exit time. All times are in IST. Then click Deploy Automation.
Example: you sell a short straddle and collect a combined premium of 1,000. With a 70% TP and a 60% SL, the trade closes when the premium falls to 300 (profit) or rises to 1,600 (stop loss).
Stop repeating the same orders every day. Set it once and let Automations handle the routine while you get on with your day.
Some Facts:
1.Every automated trade carries an Automation ID. You can use it to find those trades in your trade logs and fills.
2. Orders go through as market orders, so expect some slippage in fast markets
3. Deleting an automation stops future trades but does not close an open position. Square off first, then delete.Watch the full walkthrough: https://www.youtube.com/watch?v=ojKSRV9o9iU
Which strategy will you automate first? Tell us in the comments.
