Product
A disciplined execution layer for your options rules
PraxAlpha runs strategies you choose, checks every order against the limits you set, and keeps you informed at every step.
Two ways to trade
Automated or confirm-to-trade
Automated trading
When a strategy is enabled in auto mode, its signals go straight to the risk engine and, if they pass, an order is placed in your Zerodha account without further input.
Manual (confirm-to-trade) signals
In manual mode each signal waits for you. Review the instrument, side and quantity, then confirm or dismiss. Nothing is sent without your confirmation.
Capabilities
What is included in the beta
NIFTY & BANKNIFTY strategies
Rule-based intraday strategies built for index options. You pick which to run and set their parameters.
Instruments
NIFTY and BANKNIFTY index options, buy-only in this release. More instruments are planned.
Strategy management
Enable, pause or configure each strategy separately, choose auto or manual mode, and assign capital.
Real-time P&L
Live positions, realised and unrealised P&L, and fills streamed to the dashboard.
Daily profit/loss limits
Set a daily loss limit and profit target. When either is hit, new entries stop for the rest of the day.
Fund limits
Cap the trading capital PraxAlpha may use, independent of the balance in your broker account.
30-day history
Orders, trades, signals and limit events for the last 30 days, available in the dashboard.
Analytics
Break down your own activity by strategy, instrument, time of day and outcome.
Trend insights
Descriptive summaries of how your own trading behaviour is changing over time. Informational only, not advice.
Alerts
Know what happened, as it happens
Choose which events you want and where they are delivered.
- In-app notifications in the dashboard.
- Telegram messages to your linked chat.
- Email for summaries and important account events.
- Signals, confirmations, fills, exits, limit events, square-off and broker session expiry.
Private beta, by invitation
We are onboarding a small number of Zerodha users. Tell us a little about yourself and we will be in touch.