Options trading via dhan webhook

APIs, Automation, Algos & Code
1

We would appreciate if dhan could provide us with a video on how to use webhook for options trading, a detailed video.
I am a scalper so my strike price changes very frequently so i am not sure how would the basket order part work.
I trade in 3-5 strike Prices a day (call and put).

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2

Hi @Lokeshpatel, Welcome to Dhan community. We have explained in detail introduction to Webhooks and its execution here:

  1. Introduction and Placing Trade: Introducing Webhook Alerts : Direct Order Placements on TradingView from Dhan
  2. Basket Orders with Webhooks: Introducing: Now execute your Basket Orders via webhooks on TradingView
3

Since we cannot customize limit orders while creating option baskets, is there a workaround?
I would like to place orders on the high of the candle and not on the market price for which an alert is triggered on the underlying instrument.

Thanks!

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4

Hello @LotOfOptions

Currently, you cannot custom input prices while placing options order via basket webhooks. However, we are coming up with a new TV webhook update which will enable such customisation using PineScript on Trading View. We will announce the same as soon as we are ready with the same.

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5

Hi @Hardik, Can we now place orders at the high of the candle and avoid orders at the market price using webhooks? Is the customization you mentioned generally available now?
If it involves pinescript/customization of indicator alert it will still be fine.

Thanks!

6

Hello @LotOfOptions

Yes, we do introduced Dhan Webhook Orders last year itself, you can read more about it here: Introducing: Webhooks as Order Type on Dhan. Now do Options Trading on TradingView.com

You can trade now in all segments across exchanges. Do try this out and let us know your feedback. Great to see you around after a long time.

7

I am aware of Webhook being generally available.
My question was about the customization you mentioned last year. Can you please read the thread again and then respond?

Thanks!

8

Hello @LotOfOptions

Yes, I read the thread and this is where replied that the same is now available. You can place limit orders by configuring JSON and place at high of candles by setting up alert accordingly.

Hope this answers. I hope you have read the community post linked above in detail or gone through the video.