Can I create multiple order groups with different scripts, capital , and combined SL/Target?

Asked by Radhesh Joshi · SOLVED
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Radhesh Joshi Original Post
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I’m currently using the JSON Bridge for my combined Stop Loss and Target.

But now I want something more advanced.

I already have one group in AlgoDelta. What I want is to create multiple order groups inside that setup.

For example: One group should trade Reliance Futures and another group should trade Adani Power Futures

And for both groups, I want different: Capital allocation, Start time, End time, Target, Stop Loss.

Is something like this possible in AlgoDelta?

Posted Jun 4
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    Yes, absolutely sir.

    For this use case, you should use the Order Manager feature.

    Let’s take an example with two trades:

    – Reliance Future
    -Adani Power Future

    Step 1 : Open Order Manager and click: “+ Add Order Group”

    Select your group from the dropdown and create the first order group.

    If required, create another order Manager Group in the same way.

    Step 2 : Inside the order manager group, click: “+ Add Position”

    Step 3 :  Configure the first position.

    Example:

    -Already Open: Disable

    -Transaction Type: Buy

    -Segment: Future

    -Script: RELIANCE26JUNFUT

    -Order Lot: 1

    -Product: Carry Forward

    -Order Entry Type: Direct

    -> You can also configure:

    -Target
    -Stop Loss
    -Trailing Stop Loss
    -Start Time
    -End Time

    Then click Add.

    Step 4 :

    Now configure the combined risk management for this group.

    Click: “Set Combined Target”

    Enter your target value and save.

    Similarly, click: “Combined Stop Loss”

    Enter the stop loss value and save.

    Step 5 :

    Now create another position on another order manager group for the second trade.

    Example:

    -Already Open: Disable

    -Transaction Type: Buy

    -Segment: Future

    -Script: ADANIPOWER26JUNFUT

    -Order Lot: 1

    -Product: Carry Forward

    -Order Entry Type: Direct

    -> Again, configure the optional thing if you want :

    -Target
    -Stop Loss
    -Trailing Stop Loss
    -Start Time
    -End Time

    Then click Add.

    Step 6 :

    Set the Combined Target and Combined Stop Loss for this group as well, exactly like you did for the first one.

    So now both order groups will work independently.

    For example:

    Reliance group can have its own capital, timing, SL, and Target
    Adani Power group can have completely different capital, timing, SL, and Target

    At the same time, orders will be executed across all child accounts connected to that group.

    -> Note: Orders will only be placed in the child accounts that are linked to the main group, not on the master account. This allows you to manage different strategies and risk settings separately while still using the same AlgoDelta setup.

    Verified Solution
    • Yes sir, that is very helpful and now I can create the order manager perfectly and it was much easier than I expected. – Radhesh Joshi Jun 13
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