Fintarget - Best Option Automation Tool

Best Option Automation Tool | Fintarget Premium-Based Entry Feature

Fintarget - Features Documentation

 
Fintarget is a powerful options trading automation platform designed to give traders unparalleled precision, flexibility, and control. This documentation provides a comprehensive overview of Fintarget’s advanced features.

Whether you’re seeking smarter entry strategies, seamless multi-leg execution, or automated positional trades, Fintarget equips you with the tools to trade with confidence and efficiency.
Explore each feature in detail to unlock smarter, rule-based options trading for Nifty, BankNifty, and beyond.
 


Strategy Features

→ Premium-Based Entry

What is the “Premium-Based Entry” Feature in Fintarget?
Fintarget’s Premium-Based Entry allows traders to automate their options trades by selecting strikes based on a desired premium value. The feature scans the entire options chain and chooses the best available strike with a premium closest to the value you specify — making it one of the best option automation tools available today.
⚙️ Premium Selection Settings:
  1. Choose Your Premium Target:
      • Premium Closest To: Fintarget finds the strike with the premium closest to your target value — regardless of whether it’s slightly higher or lower.
      • Premium Higher Than: Fintarget finds the strike with the premium closest to, but strictly greater than, your target value.
      • Premium Lower Than: Fintarget finds the strike with the premium closest to, but strictly lower than, your target value.
  1. Choose Your Strike Range:
      • None (Default): Fintarget scans every available option strike across the chain for a match.
      • BankNifty 500 / Nifty 100 Multiples: Limits scanning to strikes in increments of 500 (BankNifty) and 100 (Nifty), providing access to highly liquid strikes with robust Open Interest.
💡 Best Practices & Recommendations for Premium-Based Entries:
✅ For Far OTM and ITM Strikes:Use the 500 multiple for BankNifty and Sensex and 100 multiple for Nifty option to filter out illiquid strikes or those with low Open Interest, ensuring seamless order execution.
✅ For OTM Entries with SL Limit Orders:Use percentage-based buffers instead of fixed point buffers to prevent rejections due to price crossing the circuit limit.
✅ Wait & Trade Feature:Fintarget uses the latest premium data available. The order triggers only when all selected legs have updated price ticks, ensuring precise entries even for deep OTM or ITM strikes that have infrequent price changes. This built-in delay of 10–15 seconds guarantees accuracy and reliability.
✅ Deep OTM Premiums:For deep OTM strikes, always use Premium Higher Than or Premium Closest To settings. Premium Lower Than may fail if no matching strike is found.
🔥 Why Premium-Based Entry is a Game-Changer?
With Fintarget’s Premium-Based Entry, traders can:
 
  • Minimize slippage by selecting the best available premium across strikes.
  • Avoid execution errors due to low liquidity or outdated quotes.
  • Precisely time entries based on actual option pricing rather than relying only on fixed strikes.
 

→ ATM Percentage

 
What is the “ATM Percentage” Entry Feature in Fintarget?
The ATM Percentage Entry feature in Fintarget allows traders to automatically select option strikes based on a percentage offset from the ATM (At The Money) price. This gives you precision in entering trades slightly above or below ATM, making it ideal for trend-following or hedging strategies.
⚡️ How ATM Percentage Entry Works
  1. Fintarget identifies the ATM Strike by checking the current spot price.
  1. You define a Percentage (+/-) relative to that ATM price.
  1. The algorithm calculates the final strike for entry based on this offset percentage.
✅ User Settings
Set the desired percentage offset relative to ATM:
  • ATM +(%) — Enter a strike above the ATM
  • ATM (%) — Enter a strike below the ATM
📈 Examples:
  1. ATM + 0.5% (CE)
Current spot price: 22023.25 → ATM Strike: 22000Calculation: 22000 + (22023.25 × 0.5%) = 22000 + 110 = 22110.11Result: Closest available strike: 22100 CE
  1. ATM + 1.5% (PE)
Current spot price: 42442.25 → ATM Strike: 42400Calculation: 42400 + (42400 × 1.5%) = 42400 + 636 = 43036Result: Closest available strike: 43000 PE
  1. ATM - 0.5% (CE)
Current spot price: 42442.25 → ATM Strike: 42400Calculation: 42400 - (42400 × 0.5%) = 42400 - 212 = 42188Result: Closest available strike: 42200 CE
  1. ATM - 1.5% (PE)
Current spot price: 42442.25 → ATM Strike: 42400Calculation: 42400 - (42400 × 1.5%) = 42400 - 636 = 41764Result: Closest available strike: 41800 PE
 
🔥 Why ATM Percentage Entry is a Game-Changer?
✅ Enables precise, rule-based strike selection
✅ Perfect for trend-following and hedging strategies
✅ Reduces human error and speeds up execution
✅ Works seamlessly across Nifty and BankNifty instruments
 

→ Straddle Width

 
What is the “Straddle Width” Entry Feature in Fintarget?
The Straddle Width Entry feature in Fintarget allows you to select option strikes automatically based on the straddle pricing. This approach uses the combined ATM Call and Put premiums (the straddle) as a measure of market volatility and chooses strikes at a defined multiple of that straddle price. It’s an ideal way for option traders to capture precisely calculated entries, making it one of the best automation tools available for index options.
 
⚡️ How Straddle Width Entry Works
  1. ATM Strike: The algo first identifies the ATM strike based on the spot price.
  1. Calculate Straddle Premium: ATM Call Premium + ATM Put Premium = Total Straddle Premium.
  1. Calculate Straddle Width Value: The total straddle premium is multiplied by a user-defined setting (e.g., 0.5) to determine the offset.
4. Select Final Strike: The calculated offset is added to or subtracted from the ATM strike, based on user settings, to pick the best entry strike.
✅ User Settings
  • Plus (+): To select a strike above the ATM strike.
  • Minus (-): To select a strike below the ATM strike.
  • Straddle Width: A user-specified multiplier (e.g., 0.5, 1.0, 1.5) that determines the offset distance.
📈 Example
Current Spot Price: 40023 → ATM Strike: 40000
  • ATM CE Premium = 222
  • ATM PE Premium = 273
  • Total Straddle Premium: 222 + 273 = 495
  • Straddle Width Value: 495 × 0.5 = 247.5
⚡️ Case A: CE Entry (+0.5)
ATM Strike + Straddle Width Value = 40000 + 247.5 = 40247.5Closest available strike = 40200 CE
⚡️ Case B: PE Entry (-0.5)
ATM Strike - Straddle Width Value = 40000 - 247.5 = 39752.5Closest available strike = 39800 PE
 
🔥 Why Choose the Straddle Width Entry Feature in Fintarget?
✅ Enables precision entries based on market volatility✅ Ideal for capturing moves aligned with ATM straddle pricing✅ Removes guesswork by relying on live option pricing data✅ Provides a rules-based approach for both hedging and trend entries
 

→ Straddle Premium

What is the “Straddle Premium” Entry Feature in Fintarget?
The Straddle Premium Entry feature allows traders to select option strikes based on a calculated percentage of the ATM straddle premium (ATM Call + ATM Put). This method ensures precision entries aligned with actual market pricing dynamics, making it one of the best option automation tools for traders focusing on straddle-based strategies.
⚡️ How the Straddle Premium Entry Works
  1. ATM Strike Detection: The algo first determines the ATM strike price based on the spot price.
  1. Calculate Total Straddle Premium: ATM Call Premium + ATM Put Premium = Total Straddle Premium.
  1. Apply Percentage Setting: A user-specified percentage (e.g., 50%) is applied to the total straddle premium, yielding the target premium value.
  1. Select Final Strike: The algorithm finds the strike(s) with premiums closest to, higher than, or lower than the calculated premium value, based on user settings.
✅ User Settings
  • Closer to Premium: Selects the strike closest to the calculated premium.
  • Higher than Premium: Selects the strike with a premium greater than the calculated value.
  • Lower than Premium: Selects the strike with a premium less than the calculated value.
  • Percentage of Straddle Premium: Defines the portion of the ATM straddle premium used for entry (e.g., 25%, 50%, 100%).
📈 Example
Spot Price: 40023 (ATM Strike: 40000)
  • ATM CE Premium: 222
  • ATM PE Premium: 273
  • Total Straddle Premium: 222 + 273 = 495
  • User Percentage: 50% of 495 = 247.5
⚡️ Final Strike Selection:
  • Closer to 247.5 Premium: Strike closest to a premium of 247.5
  • Higher than 247.5 Premium: Strike with premium just above 247.5
  • Lower than 247.5 Premium: Strike with premium just below 247.5
🔥 Why Use Fintarget’s Straddle Premium Entry?
✅ Enables precision trading based on actual ATM straddle pricing
✅ Ideal for capturing option strikes aligned with market volatility
✅ Removes guesswork by relying on calculated premium percentages
✅ Provides a rule-based, systematic approach for option entries
✅ Supports flexible entry strategies — closer, higher, or lower


→ Move Stoploss to Cost

 
What is the "Move Stoploss to Cost" Feature in Fintarget?
The Move Stoploss to Cost feature in Fintarget allows traders to reduce risk and protect profits automatically. When any individual leg (or open position) hits its stoploss, the stoploss for all other open legs of the opposite side is revised to their entry cost. This ensures that the remaining legs have their risk neutralized, making it one of the best option automation tools for intelligent stoploss and risk management.
⚡️ How It Works
If one leg of a strategy hits its stoploss, the other legs (on the opposite side) have their stoplosses adjusted to their original entry price — effectively making those legs risk-free.
✅ Examples
Example 1:
2-leg Strategy: Sell CE & Sell PEIf Sell CE hits its stoploss, the stoploss for Sell PE is revised to its entry price (cost).
Example 2:
4-leg Strategy: Sell CE, Sell PE, Buy CE, Buy PEIf Sell CE hits its stoploss:
  • Sell PE’s stoploss → Moves to Cost
  • Buy PE’s stoploss → Moves to Cost
  • Buy CE’s stoploss → Remains as per its original setting
⚡️ Important Rules for Move SL to Cost
  • Applies only to individual leg stoplosses, NOT combined premium stoploss.
  • Works when opposing legs (CE & PE) are open simultaneously.
🔥 Move SL to Cost + Wait & Trade
  • Works only when both CE and PE legs are open simultaneously.
  • If one leg’s SL is hit, and later another leg enters (wait & trade), its SL will NOT move to cost unless both sides were open at the time of the initial SL trigger.
♻️ Move SL to Cost + Multiple Re-entries
  • In case of multiple re-entries across legs:
    • The side that first had its SL moved to cost will maintain this behavior for every re-entry until the algo is stopped.
    • This applies as long as both CE and PE legs remain open.
  • In the case of an MTM Re-Entry (all positions square off and re-enter), a new group is created:
    • The logic resets, and move SL to cost applies fresh for this new group of trades.
🔥 Why Use Fintarget’s Move SL to Cost Feature?
✅ Protect profits by making opposing legs risk-free
✅ Minimize drawdown when one leg of the trade is stopped out
✅ Provides automated risk-adjusted execution for multi-leg strategies
✅ Enables sophisticated options trading with precision risk controls

 

→ Positional or Carry Forward Trades

How to Take Positional or Carry Forward Trades on Fintarget?
With Fintarget, you can carry forward your positions for:✅ The next trading day (STBT/BTST)✅ All the way until expiry✅ A specific number of days before expiry
⚡️ How to Enable Positional Trades:
Go to Trade Type and select Positional to configure a carry forward trade.
🛠️ Choose the Duration of the Trade:
  1. STBT / BTST (Sell Today, Buy Tomorrow / Buy Today, Sell Tomorrow):Positions will be squared off the next trading day.
  1. N Days Before Expiry:Carry positions until the expiry day or a specific number of days prior.✅ Example:
  • N = 0 ➔ Position is squared off on expiry day.
  • N = 1 ➔ Position is squared off one day before expiry, and so forth.
⏰ Check Condition Next Day After (Time):
Set the Check Condition Next Day After time to determine when Fintarget will review positions for stoplosses, targets, entries, or exits the next morning. This applies throughout the life of the trade.
✅ Example: If set to 09:30 AM, Fintarget will review conditions after 9:30 AM every trading day.✅ It’s highly recommended to set this time later than 09:16 AM to avoid issues caused by early morning volatility or broker delays.
⚡️ Important Pointers
  • If you switch from (N) Days Before Expiry to STBT/BTST after 2 days of trade, the position will be squared off immediately upon making the change.(Example: Trade taken Friday (N = 0), switched to STBT/BTST on Tuesday or Wednesday, position will be squared off immediately.)
  • On the last day of the positional trade, whichever occurs first — the Next Day End Time or the Check Condition Next Day After Time — will be treated as the final end point.(Example: End Time = 09:20 AM, Check Condition Time = 09:30 AM ➔ The algo will exit the position at 09:20 AM.)
  • Always log in to your broker account on time, especially for positional trades.Failure to do so may cause the algo to rerun the position the following week.
  • The algo cancels limit orders for targets and stoplosses before the market closes and re-places them after the configured Check Condition Time the next morning.
  • Fintarget does NOT place AMO (After Market Orders) for positional trades.
  • Do NOT remove your client ID from Fintarget while a positional trade is active. Even if you re-add the same ID, the positional trade will NOT resume.
🔥 Why Use Fintarget for Positional Trades?
✅ Enables seamless carry forward across days or until expiry.
✅ Provides precise, customizable entry and exit controls.
✅ Reduces manual monitoring for multi-day trades.
✅ Works reliably with configured timings and broker settings.
✅ Supports both STBT/BTST and multi-day expiry-based strategies.


→ Re-Entry / Re-Cost / Re-Execute

What is the “Re-Entry / Re-Cost / Re-Execute” Feature in Fintarget?
The Re-Entry / Re-Cost / Re-Execute feature in Fintarget allows traders to automatically re-enter positions after an exit due to target or stoploss. These functionalities work for both individual legs as well as combined premium (MTM) stoploss scenarios, making it one of the best option automation tools for precise trade recovery and continuity.
⚡️ Understanding the 3 Types of Re-Entries:
  1. RE-ENTRY
Re-enters a position in the same symbol if the price returns to or goes beyond the previous entry price (end of the minute) after an exit.✅ Works with Trailing Stoploss: Will only re-enter if price returns to the original stoploss price, regardless of trailing stoploss adjustments.✅ Supports Wait & Trade: Will re-enter when the adjusted entry price (derived from the wait and trade setting) is hit.
  1. RE-COST
Re-enters a position as soon as the price returns to the initial entry price, regardless of end-of-minute confirmation.✅ Works with Trailing Stoploss: Will re-enter as soon as the price returns to the original entry price, regardless of trailing stoploss movements.✅ Supports Wait & Trade: Will re-enter when the wait and trade adjusted entry price is triggered.
  1. RE-EXECUTE
Re-executes the entire entry logic for the algo when a position exits.✅ Supports strike re-selection based on the entry logic.✅ Will occur immediately upon the leg’s exit, based on the method selected:
  • LTP Method: Triggers immediately upon stoploss or target.
  • Candle Close Method: Triggers at the end of the minute when the stoploss or target is hit.
⚡️ Additional Settings:
1. Number of Times Re-Entry
  • Set the maximum re-entries for an individual leg or for the combined (MTM) SL.
  • Example: Value of 2 means 1 Original Entry + 2 Re-Entries = 3 total trades.
  • You can set this value for both individual legs and the overall strategy (MTM).
  1. Re-Entry Time Restrictions
      • Re-Enter Only After: Will only allow re-entries after a specific time.
⚡️ Important Notes:
✅ You cannot modify the re-entry method once a trade has started, although you can adjust the maximum number of re-entries.
✅ MTM SL settings define the SL threshold for re-entries.(Example: SL = Rs. 2,000 and Max Re-Entries = 2 means total max loss = Rs. 6,000.)
✅ Re-entries occur only when conditions are met, regardless of the original order (SL or Limit).
✅ Works seamlessly with the Move SL to Cost feature.
✅ Individual leg re-entries and combined MTM re-entries are color-coded differently in the Status column for easy identification.


→ Wait & Trade

What is the Wait & Trade Feature?
The Wait & Trade feature in Fintarget allows traders to set precise entry conditions based on how the price moves relative to a reference price. This means the algo can wait for a price to rise or fall by a set percentage or point value before entering a position. It's an ideal feature for traders looking for precision entries and automated execution.
⚡️ How It Works
  • The Reference Price is the price captured for the configured strike at the start time.
  • You can set the algo to wait for a price rise or drop (points or percentage) from this reference point before entering a position.
✅ Wait & Trade Settings
  1. Wait & Trade Checkbox
      • Enables or disables the feature for a specific leg.
  1. Trade Only First Entry
      • When activated, the algo will only open a position for the first leg that satisfies the Wait & Trade condition and ignore the rest.
  1. Wait & Trade Options
      • Immediate (Default): Entry is taken right at the start time.
      • Points ⬆️: Enter only when price goes up by X points.
      • Points ⬇️: Enter only when price goes down by X points.
      • Percentage ⬆️: Enter only when price goes up by X%.
      • Percentage ⬇️: Enter only when price goes down by X%.
  1. Value Field
      • The actual point or percentage move required for entry.
⚡️ Important Details
✅ Live Dashboard Visibility:Watch the live LTP alongside Reference Price and calculated Wait & Trade Entry Price in the ‘Live’ data section.
✅ First Entry Only:If enabled, only the first leg that satisfies the Wait & Trade condition will be entered. You can change this setting while the trade is active.
✅ Negative Entry Prices:If the calculated entry price becomes negative, the entry will NOT be triggered until settings are modified.
✅ Compatibility:
  • Works with the Re-entry feature.
  • Works with the Move Stoploss to Cost feature, only when both CE & PE legs are open simultaneously.
  • Will disable Premium Matching when activated.
  • Will disable “Square Off All” for individual legs, allowing only leg-wise square off.
⚡️ Wait & Trade with Limit or SL–Limit Orders
  • Buy Entry with Points ⬆️: SL–Limit Order
  • Buy Entry with Points ⬇️: Limit Order
  • Sell Entry with Points ⬆️: Limit Order
  • Sell Entry with Points ⬇️: SL–Limit Order
🔥 Why Use the Wait & Trade Feature?
✅ Enables precision entries based on price movement.
✅ Reduces premature entries in highly volatile markets.
✅ Works seamlessly with other advanced Fintarget features (Re-Entry, Move SL to Cost).
✅ Provides total control over entry conditions for individual legs.
 
 

→ Range Breakout

What is the Range Breakout Feature in Fintarget?
The Range Breakout feature in Fintarget allows traders to capture a price range between a configured Start Time and End Time, and then trigger trades when the price breaks above the high or low of that range. This can be configured for both the tradable instrument (options or futures) or its underlying spot price, making it one of the best option automation tools available for breakout strategies.
⚡️ 1. Settings
  • Feature Selector: Enables or disables Range Breakout.
  • Entry at High / Low: Choose where the entry occurs (high or low of range).
  • Instrument / Underlying: Choose whether the range applies to the option/futures contract itself or the spot price of the underlying index.
  • Target: ORB Range (optional).
  • Stoploss: ORB Range (optional).
  • Range Start Time / Range End Time: Defines the range capture window.
  • Trade Only First Entry: Enables only the first leg matching the breakout range.
⚡️ 2. How to Configure the Range Breakout Feature
  1. Configure a leg (buy/sell, quantity, order type).
  1. Enable the Range Breakout checkbox.
  1. Set the Start Time and End Time for range capture.
  1. High and low of the range are captured between the first tick after Start Time and the last tick at End Time.
  1. Choose Entry at High or Entry at Low.
  1. Choose between Instrument range.
⚡️ 3. ORB Range for Targets and Stoploss
With ORB Range, the target and stoploss values can be set to the range recorded between the Start Time and End Time.
📈 Examples
If Range High = 100, Range Low = 80, then Range = 20 points and Entry Price = 100:
  • Target = ORB Range ➔ 100 + 20 = 120
  • Stoploss = ORB Range ➔ 100 - 20 = 80
ORB Range + Points:
  • Target: ORB Range + 5 ➔ 100 + (20 + 5) = 125
  • Target: ORB Range - 5 ➔ 100 + (20 - 5) = 115
  • Stoploss: ORB Range + 5 ➔ 100 - (20 + 5) = 75
  • Stoploss: ORB Range - 5 ➔ 100 - (20 - 5) = 85
ORB Range + Percentage:
  • Target: ORB Range + 20% ➔ 100 + (20 + 4) = 124
  • Target: ORB Range - 20% ➔ 100 + (20 - 4) = 116
  • Stoploss: ORB Range + 20% ➔ 100 - (20 + 4) = 76
  • Stoploss: ORB Range - 20% ➔ 100 - (20 - 4) = 84
⚡️ 4. Trade Only First Entry
✅ Enables the algo to only take the first leg that satisfies the Range Breakout condition.
✅ All other legs remain in a PENDING state until this option is deactivated.
⚡️ 5. Range Breakout with Wait & Trade
If Wait & Trade is activated with the Range Breakout feature:✅ The range is captured first (high & low), and then the Wait & Trade condition applies.✅ The range’s high and low become the Reference Price for Wait & Trade calculations.
⚡️ Example
  • Range High = 100, Wait & Trade = 10% ↑
  • Final Entry = 100 + (10%) = 100 + 10 = 110
⚡️ 6. Important Pointers
✅ Targets and stoplosses are calculated from the Entry Price, NOT from range high or range low.
✅ The range captured depends on when the algo is activated.
✅ Trade Only First Entry can be used with Range Breakout.
✅ Range Breakout can work seamlessly with Wait & Trade.
✅ Works with Re-Execute and Re-Cost re-entries.
🔥 Why Use Fintarget for Range Breakout Trading?
✅ Enables precision breakout entries based on defined ranges.
✅ Supports instrument or spot-based breakout strategies.
✅ Provides ORB range-based target and stoploss calculations.
✅ Enables seamless multi-leg and multi-entry breakout setups.
✅ Works with advanced automation settings like Wait & Trade, Re-Execute, and Re-Cost.


→ Journey

What is the Journey Feature in Fintarget?
The Journey Feature in Fintarget allows traders to define new entry and exit rules for individual legs after the main leg or a previous leg has exited. This creates a unique “Journey” for each leg, making it ideal for complex multi-leg option strategies. It's an advanced feature making Fintarget one of the best option automation tools available.
⚡️ How to Enable the Journey Feature
✅ Configure a Target and/or Stoploss for the individual leg.
✅ Click on the Journey button.(Important: Without a Target or Stoploss configured, you cannot enable the Journey Feature for that leg.)
⚡️ Features Compatible with the Journey Feature :
✅ Move SL to Cost
✅ Wait & Trade
✅ Range Breakout
❌ Features Not Compatible with the Journey Feature
❌ Re-Entry / Re-Execute
⚡️ Important Pointers :

✅ Add or remove legs from the Journey Tree.
✅ Change the tree configuration from one child leg to another.
✅ Add new child legs to the Journey Tree.
⚡️ What You CANNOT Modify After Leg Execution:
Once the leg appears in the live data section (at the top of the settings), its configuration becomes read-only. However, you can still adjust the following settings even after entry:
  • Stoploss
  • Target
  • Trailing Stoploss
> Under Advanced Settings, set Journey Method to CANDLE CLOSE if you want the feature to operate as per Stockmock standards.
> You can create Up to 10 unique child legs for every main leg.
🔥 Why Use the Journey Feature in Fintarget?
✅ Enables complex multi-leg and multi-layer option strategies.
✅ Provides precision control for entries and exits.
✅ Works seamlessly with Wait & Trade, Range Breakout, and Move SL to Cost.
✅ Enables sophisticated trend and reversal strategies across legs.
✅ Allows on-the-fly edits and configuration for greater trade control.