Placing Stop loss & Take profit while placing the order using webhook

APIs, Automation, Algos & Code
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1

Hi Dhan Webhook Team, Thanks for explaining how to use webhook. Can you clarify how to do below with webhook alert

  1. Placing the order based on Alert ( Explained in articles)
  2. Placing Stop loss while placing the order in same alert or different alert (Risk: Reward of 1:3)
  3. Placing Take profit while placing the order in same alert or different alert (Risk: Reward of 1:3)
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2

@shraddha @Hardik
Hi Dhan Team,

I have a similar concern while using Webhooks via trading view.
Current feature allows placing of Intraday/Normal orders. It does not allow Bracket Orders from the webhook UI panel.

However, I would like to modify the JSON to include boProfit and boStop loss.
How can I do this? Is it possible? Could you please share a sample JSON as to how this could be implemented by customizing the JSON.

3

Here is a sample JSON
{
“secret”: “ABCDE”,
“alertType”: “multi_leg_order”,
“order_legs”: [
{
“transactionType”: “B”,
“orderType”: “MKT”,
“quantity”: “1”,
“exchange”: “NSE”,
“symbol”: “NIFTY”,
“instrument”: “OPT”,
“productType”: “I”,
“sort_order”: “1”,
“price”: “0”,
“option_type”: “CE”,
“strike_price”: “25350.0”,
“expiry_date”: “2024-09-19”
}
]
}

Can I add
“boProfitValue”:“10”,
“boStopLossValue”:“5”,
to the above JSON and expect it to work like a bracket Order?

@Naman @Anirudha

4

Hello @Dev3trade

Welcome to MadeForTrade community!

No, BO order is not allowed via Webhooks. You can place similar alert simultaneously to place for Stop Loss and Take Profit orders.

@shivdeep you will have to configure this either manually or via pinescript to trigger all these different orders.

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