How to configure a Custom Bridge properly in AlgoDelta?
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Yes sir, configuring a Custom Bridge is quite simple once you understand the fields.
After creating the Custom Bridge, open it and click on the “+ Add” button.
Then configure the execution details according to the trade you want to place:
-Exchange: NFO, BFO, NSE, MCX, etc.
-Symbol: NIFTY, BANKNIFTY, RELIANCE, etc.
-Product: Carry Forward, Intraday, Delivery, etc.
-Script Type: Equity, Future, or Option
If you select Option, configure it like the example shown below:
If you select Future, configure it like the example shown below:
If you select Equity, configure it like the example shown below:
After completing the configuration, click on the “Submit” button.
This will configure your Upside Execution.
Now repeat the same process for the Downside Execution according to the trade you want to execute when a DOWN signal is received.
For example:
-Upside Execution → Buy NIFTY Future
-Downside Execution → Sell NIFTY Future
or
-Upside Execution → Buy Call Option
-Downside Execution → Buy Put Option
Once both sides are configured, your Custom Bridge is ready.
Now whenever the bridge receives an “UP” signal, the Upside Execution will be triggered, and whenever it receives a “DOWN” signal, the Downside Execution will be triggered automatically.
