• Getting started
    • Steps to get started
    • Subscribe to a paid plan
    • Instructions
    • Pricing
    • Discounted Pro
  • Features (Trade logic)
    • List of all Trading features
    • Entry logic: Entry by Premium
    • Entry logic: ATM %
    • Entry logic: Straddle Width
    • Entry logic: Straddle Premium
    • Move Stoploss to Cost
    • Positional trades
    • Premium Matching functionality
    • Re-Entry / Re-Execute
    • Wait & Trade
    • Underlying based Entries & Exits
    • Range Breakout
  • Advanced Settings
    • List of all Advanced Settings
    • Entry order delay & Exit order delay
    • Calculate entry & exit using Average price or LTP
    • Re-entry method
    • Re-entry timing settings
    • SL order placement delay
    • Re-entry max count Type
    • Re-execute order delay
  • Order types
    • Order type: SL-Limit
    • Limit / SL-Limit EXIT orders
    • Limit / SL-Limit ENTRY Orders
  • Other features
    • Square off individual legs
    • Clientwise Stoploss & Target
    • Auto exit on margin error
    • Retry button for individual orders
    • Telegram Notifications
  • Important topics
    • Limit Price Protection (LPP) mechanism
    • BSE Sensex & NSE Midcpnifty
  • Broker Setup
    • Zerodha
    • Upstox
    • IIFL
    • Bigul by Bonanza
    • Tradejini
    • 5Paisa
    • AC Agarwal
    • Jainam Duck
    • Flattrade
    • Kotak Securities (Kotak Neo)
    • Fyers

Entry logic: ATM %


ATM% functionality allows the algo to select strikes which are certain percentage away from the ATM strike.


Logic/method:

1. First the ATM strike is derived after checking the spot price

2. The +/- % value set by the user is then calculated from the ATM strike to derive the strikes for entry.


User settings:

1. ATM +/- (% value) 


Examples:

1. Suppose current spot price is 42442.25. The ATM strike is 42400.

2. Supposed ATM % setting given by the users are as follows:

I. Example 1:  ATM + 0.5% CE

Formula: 

ATM + (ATM x % setting)

Strike selection calculation:

42400 + (42400 x 0.5%)

= 42400 + 212

= 42612

Closest strike to 42612 is 42600, so strike selected will be 42600 CE

II. Example 2: ATM + 1.5% PE

Formula: 

ATM + (ATM x % setting)

Strike selection calculation:

42400 + (42400 x 1.5%)

= 42400 + 636

= 43036

Closest strike to 43036 is 43000, so strike selected will be 43000 PE

III. Example 3: ATM - 0.5% CE

Formula: 

ATM - (ATM x % setting)

Strike selection calculation:

42400 - (42400 x 0.5%)

= 42400 - 212

=  42188

Closest strike to 42188 is 42200, so strike selected will be 42200 CE

IV. Example 4: ATM - 1.5% PE

Formula: 

ATM - (ATM x % setting)

Strike selection calculation:

42400 - (42400 x 1.5%)

= 42400 - 636

= 41764

Closest strike to 41764 is 41800, so strike selected will be 41800 PE