Just to remind you again, we did our public launch on Muhurat Trading day on Nov 4, 2021 - so yes, we are still young and have a lot to build for you. Everything we build at Dhan, we ship incrementally. It’s always the first version on day 1, and then it keeps getting better and better.
Few weeks ago, we released one of the most requested features for Traders - Basket Orders. Since its release, users are loving the basket order experience and are sharing with us great feedback to improve and make it even better. Empowering users with strong features, and enabling power in their hands has been at the core of our product building efforts.
Similarly, to enable users to not miss any timely order placement, we introduced Webhook Alerts from where users can place orders directly on TradingView console without any manual intervention. Webhook alerts since its inception have been received very well by the users, and have helped TradingView users to place orders seamlessly, and in a timely manner.
Now, we bring the powerful capabilities of two most powerful features on Dhan, as an enhanced and integrated experience : Basket Orders via webhook on TradingView.
As a trader, to find an opportunity in markets you always had to track your charts on TradingView for price movement and then set alerts to execute your pre-decided strategy and then place a trade. Well for Dhan users it’s a boring past.
Let me give a simpler example. Say you have a strategy in mind on how NIFTY50 moves in a particular direction, so you create a basket on Dhan. Now you simply go to your (and our) favourite charting software - TradingView (www.tradingview.com) and set up an alert to trigger this basket.
Bingo! You got this, and guess what - this is all for free.
Excited to know more? Let us take a look at it.
As a trader, you can create your own strategies based on price movement, technical indicators, chart patterns, or others. You can create a basket of stocks and options and place a basket order once your strategy is met with market conditions your order will be executed.
Assume Mr. X is an investor who invests only when the Nifty 50 falls more than 5% or his favourite stock when they touch 200-EMA. So as it would be difficult to track them daily, Mr. X would create a basket order via webhook and can invest without lifting a finger.
How to set order via webhook?
Refer this video for better understanding:
This feature is specially designed for traders who love taking trades based on chart movements, and yes - this completely automates everything.
We love when you love our features. As always, there is more to come on Dhan.