Hello Traders
Hope you are having a great weekend. It’s Saturday, and our teams as usual are building some exceptionally great products & features that we are building for you in the coming days.
Most of you know this already, we have two Mobile Apps - Dhan & Options Trader. While our initial plan was that we wanted to build everything in a single app, which is Dhan - however when we started interacting with many Option Traders, we realized that their requirements & needs were very different from regular traders. They needed more analysis, real-time strategies, baskets, scanners, screeners and likes., and adding all of that in a single app would have been Dhan an cluttered app.
All of this led to us shipping - Options Trader by Dhan in May '22, which was and possibly still continues to be a Dedicated App for Options Trading by any Stock Trading platform in India. Options Trader app by Dhan is super popular with experienced Option Traders and mostly importantly power users of Dhan. Over > 98% of trades placed via this app are in the F&O segment, actually in the Options segment alone.
We are getting ready to ship some major updates to the Options Trader app, there will be many - but here are some of the few that I would like to highlight as of now:
2023 Glass Design for Options Trader
Dhan’s flagship Glass Design that we introduced in Jan 2023 is now coming to Options Trader app. This includes major UI & UX improvements which many of our users have asked to directly and indirectly over time. Ok, maybe we might have missed a few - but as you already know at Dhan we ship things one step at a time and keep them improving.
Custom Strategy Builder on Mobile
Build from scratch, and designed exclusively for mobile app - we will introduce the full blown & feature rich Custom Strategy Builder on Options Trader app. This includes the following for you:
- Strategy Builder for Nifty50, Bank Nifty, FinNifty, Sensex, Currency (USD-INR) & Commodities (Crude Oil, Natural Gas & Gold)
- More: It is a Strategy Builder for all F&O Stocks, not just Indices.
- Along with Payoff Charts (with OI & OI Change) and Charts (Strategy & Multi Strike OI)
- Fast Create from 14 most popular strategies - Bullish, Bearish, Directional & Non-Directional
- Easy Adjustments to Strike Prices, Toggles for Calls / Puts, Market / Limit Prices and also Lot Multipliers for large traders
- Readily integrated with 1-Swipe Execution (yes, we adding swipe integration)
Quick Shortcuts on Dashboard
We are enhancing Home Screens with popular indices - Nifty, Bank Nifty and Fin Nifty based quick shortcuts to OI Movers, Price Movers, Option Chain & Flash Trade. We are introducing two new and important trackers… Open = High & Open = Low for these 3 indices.
Core Strategies & Features to Get Updates
Some of the most popular features of Option Trades now have enhanced navigations & UI updates, these include following:
- Option Chain: Now comes with pre-built insights, and 1-tap switch between major indices. We are also improving the load-times of Option Chain, it will load and feel more faster than before.
- Pre-Built Strategies: Adding more strategies than before, and easy single-tap switch between every expiry.
- Outlook Based Strategies: Once again we are adding more strategies here and making it super easy to switch between strategies
New Strategy Based Order Placement Experience
Most of our users are extremely familiar with Dhan’s simple & intuitive order placement flow where one places trades for buy or sell. We are extending this and introducing a new order placement flow for strategies (from Custom Strategy Builder, Pre-Built Strategies and Outlook based Strategies) which is designed grounds-up for Mobile. With this, you will be able to do following:
- Fast Toggle any Strategy for Intraday or Carry Forward, no need to start from scratch
- View Trades, Analysis & Pay-Off Graphs on Order Placement Screen itself
- Single-tap add and save any Strategy to Basket
- Single-tap and view any Strategy in Custom Strategy Builder for any adjustments on the fly
- And of course, view Margin Requirements & Hedge Benefits if any on the same page (instead of viewing in basket separately)
- All the above, with 1-tap Order Execution for the Strategy
For Scalpers, 5 / 15 / 30 Sec Charts
Yes you read it right, we recently introduced (for the first time in India) seconds timeframes on TradingView Charts. It’s coming soon to mobile, starting with Options Trader App.
One last thing, when will this version be ready?
Very soon, it is nearly ready and in the final stages of development. We expect to launch the new Options Trader app by mid-next month for select users and eventually for everyone on the second anniversary of Dhan, ie. 4th November 2023.
We hope this next and big update to Options Trader app will enhance your trading experience. If you have any suggestions or feedback, please feel free to comment here below and as always our team will make a note of them as we continue to build Dhan and make it better for our users.
Thank you
pj
