Introduction
If you’re an active intraday trader in the Indian stock market, you’ve likely encountered hefty square-off fees charged by your broker. Most brokers automatically square off intraday positions before market closing, and this process incurs additional charges. This is where the AutoSquareOff Algorithm comes into play. By running this algorithm on your PC, cloud, or AWS server, you can automatically close your positions before your broker does, saving you from unnecessary charges.
If you are tired of these extra fees, AutoSquareOff Algorithm is the solution you need.
Why Do Brokers Charge Square-Off Fees?
Most brokers require intraday positions to be closed before the market closes. If traders fail to square off their positions, the broker’s Risk Management System (RMS) does it automatically.
However, this forced square-off comes at a cost:
- Square-off charges: Brokers charge a fixed fee per order squared off by them, ranging from ₹20 to ₹100 per trade.
- Additional penalties: If positions remain open due to margin shortages, brokers may charge additional interest or penalty fees.
- Execution delays: Broker-initiated square-offs may not always happen at the best price, resulting in losses.
By using an AutoSquareOff Algorithm, you can ensure your orders are closed at your preferred price and time—without letting the broker charge you extra.
How Does the AutoSquareOff Algorithm Work?
The AutoSquareOff Algorithm runs on your system and automatically squares off all your open intraday positions before the broker’s deadline. Here’s how it works:
- Monitors your trades: The algorithm constantly scans your intraday positions across different stocks.
- Checks broker cut-off times: Every broker has a specific square-off time (typically between 3:15 PM – 3:20 PM for equities).
- Executes trades before RMS intervention: The system triggers the order before the broker’s square-off process, ensuring you close positions on your terms.
- Reduces brokerage fees: Since the square-off is done from your end, you avoid brokerage RMS charges, leading to cost savings.
Features of the AutoSquareOff Algorithm
- Customizable execution time: You can set when your trades should be squared off (e.g., 3:14 PM instead of 3:20 PM).
- Works for any broker: Whether you use Zerodha, Upstox, Angel One, ICICI Direct, or any other Indian broker, the algorithm can be customized.
- Compatible with multiple platforms: Run it on your PC, VPS, or AWS cloud for seamless automation.
- Supports multiple asset classes: Works with stocks, options, futures, and commodities.
- Instant execution: Ensures fast and efficient order execution without human intervention.
Benefits of Using the AutoSquareOff Algorithm
1. Save Money on Brokerage Fees
Broker RMS charges can quickly add up, especially for high-frequency traders. By using this algorithm, you eliminate forced square-off charges, saving anywhere from ₹500 to ₹5000 per month (depending on trade volume).
2. Avoid Broker Penalties & Hidden Charges
Sometimes, brokers charge additional penalties if positions are squared off due to margin shortages. The AutoSquareOff Algorithm prevents such penalties by executing trades before the broker’s intervention.
3. Get Better Trade Execution
Broker RMS square-offs can lead to poor execution prices. With AutoSquareOff, you get better control over trade timing, ensuring higher profitability.
4. Automate Trading Without Constant Monitoring
The algorithm runs in the background, allowing you to focus on other trading strategies while it handles square-offs automatically.
5. Works Across Different Brokers & Markets
This tool is not broker-dependent—it can be customized to work with any trading platform in India, including Zerodha, Angel One, Upstox, 5Paisa, and more.
How to Get the AutoSquareOff Algorithm?
If you are interested in reducing your trading costs and automating your square-offs, we offer custom-coded solutions based on your broker and trading style.
To get started, contact us with your requirements:
📩 Email us with:
- Your broker’s name
- Trading platform (the brokers platform which you are using in indian stock market, etc.)
- Asset classes you trade (stocks, options, futures, commodities)
- Preferred execution time for square-offs
We will custom-develop the algorithm for your specific needs and help you deploy it on your PC, cloud, or AWS server.
Frequently Asked Questions (FAQs)
1. Can I use this algorithm with any broker?
Yes! The AutoSquareOff Algorithm is custom-built and can be integrated with any Indian broker.
2. Will this algorithm work with trading APIs?
Yes, it can be integrated with brokers offering APIs, such as APIs offering by indian stock market brokers, and others.
3. Can I run this on my PC?
Yes! The algorithm can run on your local system or be deployed on AWS, VPS, or cloud servers for 24/7 execution.
4. How much does it cost?
Pricing depends on your broker, API access, and customization requirements. Contact us to get a custom quote.
5. Is this legal?
Yes, this is completely legal. It simply automates your square-off process before your broker does, ensuring you avoid unnecessary charges.
Final Thoughts: Save Money, Trade Smart
Trading fees can eat into your profits, especially when brokers charge square-off fees. The AutoSquareOff Algorithm is a game-changer for traders looking to cut costs, improve trade execution, and automate intraday square-offs.
If you’re serious about saving money on brokerage fees, reach out to us today. Let’s optimize your trading strategy and put more money back in your pocket! 🚀
What happens if the internet connection fails or there’s a delay in execution?
The algorithm can be set up with fail-safe mechanisms and alerts. For uninterrupted execution, we suggest deploying it on a cloud server or VPS instead of relying solely on your home PC. This ensures real-time monitoring and smooth execution, even during internet lags or power failures.
Can I use AutoSquareOff even if I trade options and commodities?
Yes, the AutoSquareOff Algorithm supports multiple asset classes, including stocks, equity options, index futures, and commodities like gold or crude oil. No matter what you trade, the system can be adapted to your strategy and broker.
I’m using Zerodha—will the AutoSquareOff Algorithm work for me?
Absolutely! The AutoSquareOff Algorithm is fully customizable and works seamlessly with Zerodha’s trading API. Whether you’re trading equities, options, or futures, the algorithm can be tailored to automatically close your positions before Zerodha’s RMS square-off time, helping you avoid the ₹59 per order penalty or autosqareoff charges per order.
How does AutoSquareOff actually save me money each month?
When brokers forcibly square off positions, they charge ₹20–₹100 per trade. If you’re trading 10+ times a day and forget even a few positions, this adds up quickly. By auto-exiting your trades, the algorithm can help save ₹500 to ₹5000 per month—money that goes straight back to your profits.
What time should I ideally set for auto square-off to avoid autosquareoff charges?
Great question! Most brokers begin square-off around 3:15 PM to 3:20 PM. To be safe, we recommend setting your AutoSquareOff time between 3:10 PM and 3:14 PM. This ensures your trades close just before the broker’s RMS triggers, giving you better prices and zero penalties.