PlaceSmartOrder

Place Order Smartly by analyzing the current open position. It matches the Position Size with the given position book. Buy/Sell Signal Orders will be traded accordingly to the Position Size

Endpoint URL

Local Host   :  http://127.0.0.1:5000/api/v1/placesmartorder
Ngrok Domain :  https://<your-ngrok-domain>.ngrok-free.app/api/v1/placesmartorder
Custom Domain:  https://<your-custom-domain>/api/v1/placesmartorder

Sample API Request

{
    "apikey": "<your_app_apikey>",
    "strategy": "Test Strategy",
    "exchange": "NSE",
    "symbol": "IDEA",
    "action": "BUY",
    "product": "MIS",
    "pricetype": "MARKET",
    "quantity": "1",
    "position_size": "5",
    "price": "0",
    "trigger_price": "0",
    "disclosed_quantity": "0"
}

Sample API Response

{
    "orderid": "240307000616990",
    "status": "success"
}

Parameters Description

Parameters	Description	Mandatory/Optional	Default Value
apikey	App API key	Mandatory	-
strategy	Strategy name	Mandatory	-
exchange	Exchange code	Mandatory	-
symbol	Trading symbol	Mandatory	-
action	Action (BUY/SELL)	Mandatory	-
product	Product type	Optional	MIS
pricetype	Price type	Optional	MARKET
quantity	Quantity	Mandatory	-
position_size	Position Size	Mandatory	-
price	Price	Optional	0
trigger_price	Trigger price	Optional	0
disclosed_quantity	Disclosed quantity	Optional	0

How PlaceSmartOrder API Works?

PlaceSmartOrder API function, which allows traders to build intelligent trading systems that can automatically place orders based on existing trade positions in the position book.

Action	Qty (API)	Pos Size (API)	Current Open Pos	Action by OpenAlgo
BUY	100	0	0	No Open Pos Found. Buy +100 qty
BUY	100	100	-100	BUY 200 to match Open Pos in API Param
BUY	100	100	100	No Action. Position matched
BUY	100	200	100	BUY 100 to match Open Pos in API Param
SELL	100	0	0	No Open Pos Found. SELL 100 qty
SELL	100	-100	+100	SELL 200 to match Open Pos in API Param
SELL	100	-100	-100	No Action. Position matched
SELL	100	-200	-100	SELL 100 to match Open Pos in API Param