Hello SpeedBot Algo Trader!
Banknifty Lot Size Update
Effective from 31st July, 2023, all the Strategy Templates in the SpeedBot Discover Section will have the Banknifty Lot Size revised from the existing Lot Size to New Lot Size as per the updated quantity of 15. This adjustment is in response to recent market developments and regulatory changes, and it will impact all trading strategies that involve Banknifty instruments.
Revised Capital Required For Each Strategy on SpeedBot
With the change in lot size, the required capital for executing trades in Banknifty instruments will also be adjusted. The revised capital requirements will align with the new lot size to ensure the smooth execution of your strategies.
Visit Discover Section in SpeedBot: Updated Strategy Templates
To make the transition to the new lot size and capital requirements as smooth as possible, all strategy templates in the Discover Section that consist of Banknifty Instruments will be updated accordingly. You can continue to explore, and deploy these strategies without any disruptions.
Preparing for the Change
To ensure a smooth transition to the updated lot size and capital requirements, we recommend Review Your Strategies: If you currently have active strategies involving Banknifty Instruments, review and adjust your position sizes accordingly to align with the new lot size.
[Disclaimer: The information provided in this blog is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct thorough research and consider your risk tolerance before making any investment decisions.]