Currently the algo closing is very close like from 2:53 pm to 02:57 pm which causes some spread due to closing of all algo from Stratzy, DhanHQ, IIFL and other platforms users near same time and can also be manipulated as we have seen in the past. This happens when most algos are in the same direction.
Can the algo closing be scattered so as to reduce the -ve impact causes by algo closings. I am asking it for all platforms not just Stratzy as only Stratzy has time based exit recently introduced.. other platforms still lag those newly introduced features such as individual algo exit, exit criterias etc.
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Hi @ProTrader
Fair concern, that clustering window has been exploited before, so I get why you’re raising it.
The problem with scattering a single algo’s exits is that users running the exact same algo would then exit at different prices, purely based on when they got picked to exit. That breaks the one thing that actually matters, the published track record only means something if every subscriber gets the same execution. Scatter it, and the “return” becomes an average nobody individually experienced.
What we’ve given instead is Time Based Exit, so if you personally want to avoid that 2:53 to 2:57 window, you can set your own exit time and step out early on your own terms, without needing us to change the default for every user on the algo.
Industry wide clustering across platforms is a bigger market structure question, agreed it deserves attention.
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Hi @Nikhil_Bhandari, I appreciate you for your new features and superb algos. Please bring them to DhanHQ as well as I am a DhanHQ user and exit criterias are still not there in DhanHQ.
Regarding algo scattering, I am not saying to scatter a single algo. I am saying to scatter different algos around different times. So if damper is exiting around 2:30pm, zen should do it at 2:43pm maybe, curvature around 02:47 pm, delta rotation around 02:53 and so on.. not very close.. because often times when algos are in same direction.. then exploitation is more visible.
Also if the closing for an algo can be randomised for all users in a specified period for example if damper is to close around 02:54 as of now.. then some day it should close for all users at 02:52 or 02:55 or 02:58.. so that nobody can guess the volume pattern. Otherwise algos will soon start to lose their alphas since the fixed closing can always be manipulated.
Also some other users mentioned that those exist controls are per position and not per algo, so needs to be set daily. Can you make exit conditions to be configurable per algo, which can be overridden by per position settings. So that way we do not need to set them daily..otherwise need to daily punch in exit criteria defeating the algo system purpose.
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Hi @ProTrader
These are some great feedback points. Thank you for bringing this up our team will consider this.
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