FLASH TRADE

The flash trade tool is available to customers who like to trade frequently throughout the day. Usually they are scalping. In scalping, positions are taken for short periods of time, where precision and speed becomes important. In Flash Trade, user will have the option to set their own time duration for the trade, after which the position will get automatically squared-off by the system as a market order. But the user has the control to exit the trade even before the set time duration.

With Flash Trade, user can buy call or put options of the same contract with same quantity in quick succession multiple times in just one click each.

There are no additional charges for Flash Trade apart from the brokerage mapped to your account.

• Select the desired Underlying> Choose contracts based on filter OR manually search in settings (pencil icon)
• Choose the quantity
• Select Market or Limit price
• Set the time duration
• Select whether you want order confirmation every time to place order. Untick if you want to trade seamlessly.

Once everything is set, look at the charts, utilize indicators or perform your technical analysis and make predictions. Just click UP to buy calls if you think your underlying is going to move up, or click DOWN to buy put if you think your underlying is going to go down.

When you want to close your position, click EXIT to close before the set time duration or let it run till the end of set duration. The same can be repeated multiple times a day by booking small profit for each trade.

Flash Trade is very useful to trade during Free-Trade-Hour where you can trade with zero brokerage from 2:00pm to 3:30pm on every Wednesday and Thursday with ICICIdirect. Here you do not have to worry about the brokerage charges for intra-minute Scalping strategy which could add up if more trades are taken frequently. You can trade seamlessly as many times as you want in just a click.

Yes, It is available on both Markets App and ICICIdirect Website.

Click on EXIT to close your open position.

UP means Buy Call options, DOWN mean Buy Put options

New traders are not aware of the risks involved in selling call or put options, which could wipe out their entire account if not traded carefully. To avoid such scenario Flash Trade allows these traders to only buy call or put options with respect to their view of the market.

Click on settings button > Search for your desired contract > Save and confirm to trade

You can set the desired time duration you want to trade for. Please Set the timer according to market hours. If the timer falls into non-market hours, then user will have to Square-Off their position manually next day during market hours.

Green line is plotted on the chart with quantity for the buy call option and red line is plotted on the chart for buy Put option.

The contract will get squared-off by the system at market price when the countdown timer reaches 00:00:00. It is the time at which your position will get squared off automatically. For example, if you have selected 5 minutes, your contract will get square off after 5 minutes at market price.
In case your set timer falls into non-market hours, then user will have to Square-Off their position manually next day during market hours.

Once the quantity is saved and position is taken, you are not allowed to change the quantity. You will have to keep trading the same quantity until you have no more positions standing. Once everything is squared off, you can change any setting you want, including quantity, strike, time and so on.

Once position is taken you are allowed to add or exit the same contract with same quantity. Once the total position becomes zero, only then you will be allowed to change the direction using UP or DOWN buttons.

Yes, click the pencil icon to select any contract of your choice, including single stock futures and options.