Option Trade with Take Profit and Stop loss with Nextlevelbot Algo Trading

Hello everyone I'm Manoj Verma and in this video I'm going to tell you how to apply TPSL in option trading So this feature is for Alice Blue And we released this feature a long time ago and many people are working on it So today I'm making an in-depth video that if you want to take TPSL in option trading Then how to take it according to the auto strike price You can do this in cash as well You can do it in futures as well And you can do it with options as well And you can do it with the auto strike price option as well So first I'll give you a live demo and then I'll tell you So first of all let's go to my Alice Blue account I had taken a position while making the video in which that video was wrong so I haven't cut that position yet It's still going on So you ignore this If we come to the order then a trade has been put by us this one The trade was put while making this video but now I'll show you how it happens Like went to the Trading View Now suppose someone has put an indicator on the Trading View any indicator and he wants And let me tell you this chart is bank nifty future taken you can take index or future you can use the auto strike price according to it So like I have put the future now the other person wants that when my signal comes at that time in the money call my buy happens and in that Rs 10 TP and Rs 5 SL is deposited So how will you do this So I have already created a syntax that first I will show you the demo Then I will tell you in depth So look here there is only one order I will refresh and show you And there is also a loss in this trade So we take the second trade in front of you So this trade I think let's see this too first there are 25 quantities in it Okay So now we are going to take the second trade so what do we do to take Now we have not put alerts on the indicator we have put alerts on the horizontal line You can see this So we will trigger this horizontal line So in front of you as soon as I trigger this horizontal line alerts will come here There was an alert earlier When I was making the video and that video got a little bad So we wait we put the line on the candle Now as soon as it is triggered alerts will come here Let's wait for the alerts So this alert came As soon as the alerts come we will go here So we got one position And what is the position now If we look at the time then this position is 35 300 calls So now let's go to our dashboard in the portfolio So here you will see That as soon as I have a loss of 5 points then automatically my trade will be closed If I have a profit of 10 points then my trade will be closed whenever So how will we know I will show you that too First of all I will show you one thing Let this happen first So let's go to fake management And keep this in mind too This is the trade So when our order was triggered we captured the price at that time This one So will it go below 177 now So our trade will be closed or will it go above 192 when our trade will be closed Because we have given 10 points in this and subtracted 5 points from this Our SL is 5 points less and the TPA is 10 points You must be understanding So let's wait So we have this value Either it will go above 193 and it will be automatically cut like this Let's check once Yes it will go below 177 when our trade is closed So until it stops trading It seems that I have taken a larger TPSL So until it doesn't trade let's talk about how this happens So this is a demo As soon as it was triggered on the trading view your order was placed This is called auto strike price How does it work We will see how it works later But now we wait One thing comes with a lot of questions Everyone asks me this question: while automating is it necessary for the PC to be on Or is the internet necessary So there is nothing like that You just make your alerts make a connection in the morning and after that your orders will be placed Okay so you can see the price that is going on Do you know that I had placed this order in it By mistake I put a TPSL of 100 points and put a TPSL of 100 points I did something similar So because of that this video was ruined When the trade didn't close I saw it and found out that I have taken a very long value of TPSL See for example the price was going on 165 I placed a TPSL of 100 points in it and I think I placed a TPSL of 200 points in this order So we will understand this later Now let's come to that how will this thing happen So first of all see this is the dashboard of our next level board When the trade will be cut I will show you now Our price is not coming until I tell you the concept Okay So this is the dashboard of our next level board You have to register first After registering you have to log in After logging in you will see a dashboard like this If you click on the dashboard you will come to the dashboard Now after coming to the dashboard you will get some things here Which are of your use See whenever you place any order with TPSL because the broker does not give TPSL in the regular order So we have made it an alternative way and its name is given fake management Because it is fake It is totally fake because it is not from the broker Its name could have been alternative management but I thoug It would be right to name it fake management So it is fake management If you click on this page then you will reach this page Whenever your order is triggered If you refresh the page you will see the value So in this the last order we put in this video that you are watching see this trade was cut Now why did the trade get cut You can see that the price is 170 which came down from 177 the trade was cut in the same way So my 5 point loss was done So you can see that the trade has been cut If I come to the position then this trade is cut zero quantity is seen So the work was done automatically Now for this whether your PC is on or not or whether the internet is on or not it is not necessary So I hope you have see ow it was cut Now I come again on my concept So suppose you place a trade like we did on the dashboard On the dashboard we saw fake management Whenever you place An order with TPSL you will see that order here Okay it will be shown here it will be told that the LTP that we captured we did this This is your SL FSL means fake SL and FTP means fake TP LTP means what price we are calculating from what was the price at that time Okay So this trade came down Why did it come Because the page got refreshed If you see it has become inactive Our TPSL has become inactive because it has been You can see this So that's why this row came down So now if you look inside it I will tell you again that this was our LTP this was according to it 5 point SL this was 10 point TP When it was triggered it became inactive So if you sometimes put the wrong TPSL you can delete it Like I delete it That if you see inside it then put 1600 TP which will not be triggered now So I deleted it if you refresh there will be only one row left So it will be on this page Now how will this syntax be made it comes on the main concept only I am assuming that you are using our platform so I am Telling according to this When you come to our homepage here you get syntax and symbol So you have to work in auto strike price yourself do not know which strike price is ere You just know expiry I have to this expiry So first of all you will find the symbol To find the symbol you will go here on this page If you Select nifty and expiry neither do I have to pick the strike price or the CAP I copied it After copying it if you go to the homepage you will see syntax here As soon as you click on you will come to this page This is On the page of Here you will see a lot of brokers on which we do automationtrading You will click on Alice Blue So in front of you first I will Generate syntax and show you which was generated it has generatedSolet 'sremove it now I click on Alice Blue again there are a lot of orders here who want to work in the auto strike price they will take the auto strike price they will take the regular here after that you are asked with close and without close this is without close s is withoutaccording to your alertsaccording to the syntax put in it it will be by or sale only and with close is that the old positionclose and new position add so in this you just give your example w