Setting Up Strategy Builder Alerts on AlgoTest
Constantly watching your screen for MTM changes or Delta shifts is not a practical way to trade. Strategy Builder Alerts fix this by sending you notifications the moment a condition you set is triggered.
You can receive alerts via Email, Telegram, or Web for individual strategies or groups of strategies. This guide covers everything you need to set them up and manage them.
What You Can Set Alerts For
MTM (Mark-to-Market) targets or thresholds
Delta changes
Other key strategy events you configure
Setting Up Alerts on a New Strategy
You can add alerts while creating a strategy. Alerts work for both forward testing and live algo trading.
Log in to your AlgoTest account.
Go to ClickTrade → Strategy Builder.
3. Create your own strategy or choose a prebuilt template. (New to the platform? Read the option strategy builder tutorial first.)
4. Select Forward Test or Live Trade.
5. Click on Add Alert.
6. Select the parameters you want alerts for.
7. Connect your Email or Telegram to receive notifications.
Adding or Editing Alerts on Existing Strategies
You can add or update alerts on strategies you have already created.
Open the Strategy Builder dashboard and select a strategy from the top-left.
This is useful when conditions change. For example, if you run a delta neutral strategy, you can tighten the Delta threshold alert closer to expiry without rebuilding the strategy.
Click Edit Alerts.
Add, modify, or delete alert parameters as needed.
Setting Alerts for a Group of Strategies
AlgoTest's option strategy builder lets you monitor the combined P&L and Delta of multiple strategies together using group alerts.
Key things to know
Group alerts and individual alerts work independently.
A group alert monitors the combined performance of all selected strategies, not each strategy individually.
Example: Now the user can add alerts on a combination of strategies, which means the overall pnl and delta of the combined strategy will be monitored. The alert you are applying will not apply to the strategy individually.
For example, if you set an MTM target alert of 500rs, it will only trigger when the profit of all strategies selected in the group goes to 5000rs
This is especially useful when you run multi-leg options strategies across different instruments, where the net position matters more than any single strategy's P&L.
Steps
From the Strategy Builder dashboard, select multiple strategies.
Click Add Alerts on Strategies.
Configure parameters and connect Email or Telegram.
Managing Alerts
You can view, track, and manage all alerts from a single place. The " Manage Alerts " button is also available on the strategy sidebar
Go to the Risk Dashboard from the Strategy Builder.
Add or edit alerts directly from this section.
Click on Manage Alerts to view:
Pending alerts
Triggered alerts
Alert details (instrument, strategy, timestamp, type, values)
You can go to Manage Alerts directly from 'group of strategies' as well.
Quick Reference
For any queries, reach out via AlgoTest's Telegram support channel.
Conclusion
Setting up alerts takes under a minute and removes the need to monitor your strategies manually.
AlgoTest's option strategy builder is built for traders who want full control over their strategies, from creation and forward testing to live algo trading and real-time monitoring.
Features like Strategy Builder Alerts, the Risk Dashboard, and group strategy management are part of what make it one of the most complete strategy builder tools available for Indian options traders. If you are not already using it, get started on AlgoTest and set up your first alert today.
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