Yes sir, you can execute hedged option trades using the Order 1 and Order 2 features in AlgoDelta JSON Bridge. Follow these steps:
-Step 1: Configure the BUY Side
Open JSON Bridge and configure the BUY side signal. In Order 1, configure the hedge leg for your Sell Put strategy.
Then configure Order 2 for the main Sell Put leg.
Once both orders are configured, copy the generated JSON array from the right-hand side.
-Step 2: Configure the SELL Side
Now configure the SELL side signal. In Order 1, configure the hedge leg for your Sell Call strategy.
Then configure Order 2 for the main Sell Call leg.
Copy the generated JSON array for the SELL side as well.
-Step 3: Create TradingView Alerts
Create two separate alerts in TradingView:
BUY Alert -> Use the BUY-side JSON array.
SELL Alert -> Use the SELL-side JSON array.
-Step 4: Execute Your Strategy
Once both alerts are configured, AlgoDelta can process the corresponding orders when your indicator generates a BUY or SELL signal, according to your JSON Bridge configuration.
This allows you to configure the hedge and main option leg for each signal and execute them through separate TradingView alerts.
