It’s 2nd day of using Algotrading feature through Dhan HQ. It was the most desirable function but failed to perform miserably continuously for 2nd day. Made losses in both days. Surprisingly, as mentioned in strategy, downturn limit of 2-3% was also false claim. Mentioned timings of order between 10:15 till 2:30 PM was also found wrong. In total, algo trading of Dhan is complete failure. Going to unsubscribe and don’t want to continue.
Can you mention what the issues are that you are facing in detail and how is the Dhan Api at fault in it?
Hi @Sudhank_Saxena,
We wanted to clarify a few points regarding your experience with the V-Score Credit Spread Overnight
Algo:
Order Timings:
The Algo enters between 10:15 AM and 2:15 PM. We’ve reviewed the activity for 23rd and 24th October, and all orders were placed within this window. None of the trades extended beyond this timeframe.
Drawdown:
The drawdown percentages displayed on the platform are derived from historical performance data. They serve as indicative measures based on past trades and are intended to help users assess potential risk. Please note that these figures do not represent guaranteed outcomes.
Manual Intervention:
We observed that trades in your account were exited manually. When trades are closed manually, the realized P&L may differ from the Algo’s automated results.
Order Execution:
Yesterday, when the Algo placed the spread orders with limit prices, the buy leg was executed, while the sell leg remained pending at its limit price. During this time, you attempted to square off the buy position, but the action failed due to a hedge break scenario. After you cancelled the pending sell order placed by the Algo, you were able to successfully square off the buy position.
You can read more about the Hedge Break feature here.
Overall, the Algo has been functioning as designed. The variations you noticed appear to be the result of manual interventions or partial order executions.