I have a strategy on the Nifty chart in TradingView.
My logic is simple:
Can AlgoDelta have a kind of feature that can place orders like this.
Yes, this is completely possible with AlgoDelta.
You can do this using the Custom Bridge.
While setting up the bridge, configure the Call Option in the Upside Execution section and configure the Put Option in the Downside Execution section.
After that, when a BUY signal comes from your strategy or indicator, the upside execution runs and the selected Call Option is traded. When a SELL signal comes, the downside execution runs and the selected Put Option is traded.
This allows you to keep your TradingView strategy on the Nifty chart while AlgoDelta handles the option execution automatically.
If you want positions to reverse automatically, you can enable the “Exit on Opposite Signal” setting.
With this setting enabled, an existing Call position can be exited automatically when a SELL signal is generated, and a new Put position can be opened immediately. The same logic works in reverse when the signal changes from SELL to BUY.
So, you can efficiently automate option trading based on your TradingView signals without manually switching between Call and Put positions.
