Hi everyone,
I am new to algo trading and I do not have much coding knowledge. I want to build or use a rule-based algo for NIFTY options trading.
I am mainly interested in:
- Directional strategies – bullish/bearish trend-based strategies using option selling or spreads.
- Non-directional strategies – strategies suitable for sideways/range-bound markets such as Iron Condor, Strangle/Straddle with proper risk management.
I would like to know:
- Is anyone here willing to guide me on how to build a proper algo step by step using Dhan API / DhanHQ?
- Does Dhan provide any good ready-made algo or strategy templates suitable for NIFTY?
- If you are already using a directional or non-directional algo successfully, which type of strategy would you suggest for a beginner?
- What is the best way to backtest such strategies before paper trading or live deployment?
- Are there any community members/developers who can help me understand the complete process from strategy logic → backtesting → paper trading → automation?
I am not looking for guaranteed-profit strategies. My priority is to build a properly backtested, rule-based system with controlled risk and drawdown.
Any guidance, examples, or resources would be greatly appreciated. Thank you.