• Price Based Strategies

Smart Jobber Strategy

Smart Jobber is a jobbing algorithm with advanced parameters. It helps the traders to buy at lower price levels, sell at higher price levels, automatically manage stop loss, target and position sizing of each trade. You can avail it from Omnesys via your broker.

It is useful for jobbers, intraday traders, technical traders and traders using support/resistance as shown above. It is provided by most exchange empanelled vendors.

Strategy Parameters:

Reference Price: Price used to determine the buying/selling increment levels

Upper Range: The upper band (price level) above which the slice order will not be placed

Lower Range: The lower band (price level) below which the slice order will not be placed.

Buy Increment Step: This increment step determines the different price levels at which various buy orders will be placed starting from the reference price. For example, if reference price is 8250, buy increment step is Rs. -20, and lower range is 8150, then it will place 5 buy orders at limit price 8220, 8210, 8190, 8170, and 8150. The buy orders will be placed till lower range/upper range is breached.

Sell Increment Step: This increment step determines the different price levels at which various sell orders will be placed starting from the reference price. For example, if reference price is 8250, sell increment step is Rs. 20, and upper range is 8350, then it will place 5 sell orders at limit price 8270, 8290, 8310, 8330, and 8350. The sell orders will be placed till lower range/upper range is breached.

Order type (Buy|Sell|Both) makes the strategy place sliced orders as buy, sell or both. If user has selected only Buy, and the strategy is able to Buy at specified price, the exit sell order will be automatically placed. If user has selected Both, the buy/sell orders are places irrespective of the prices
Quantity Step (Manual|Half|Double) makes the strategy place half or double the quantity at each subsequent position scale-in. The exit orders automatically take care of the total Net Position. User can also specify manually the quantity change for each increment step.
MTM Stop Loss: If the loss limit is reached, it makes the strategy square-off all positions and cancel all pending orders.
MTM Target: If the profit target is reached, it makes the strategy square-off all positions and cancel all pending orders.

• Intraday
• jobbing
• Smart Jobber