Price Betterment
A Price Betterment Algorithm is a smart order execution strategy that aims to get you a better price than the current market price when buying or selling. Instead of placing the entire order at once, the algo waits for small favorable price movements and executes only when the price is slightly better, helping reduce slippage and improve overall trade quality
When to Use?
Use it when you want a slightly better price than the current market, especially in stable and liquid stocks.
It helps reduce slippage and gives smoother execution for medium–large orders.
What are the inputs required?
Stock Name
This is the stock you want to buy or sell in Equity or F&O Segment
Total Quantity
This is the total quantity you want to buy/ sell
Start Time
This is the time when the algorithm will start executing
Start Price
Select Start price as At Market / Custom At Market: the first order is executed on market immediately
Custom: the first order is sent when the start price is reached
Action
This is the action you want to take (Buy / Sell)
Product Type
In Cash: Select from Intraday/ Delivery In F&O: Select from Intraday/ Normal
Averaging Quantity
This is the quantity that will be placed once the averaging conditions are met
End Time
This is the time when the algorithm will stop, even if the total quantity is not met
Averaging Entry Difference
This is the min drop in price wrt last reference price to trigger buy order
What are the inputs required?
1 Action
This is the action you want to take (Buy / Sell)
2Stock Name
This is the stock you want to buy or sell in Equity or F&O Segment
3 Product Type
In Cash: Select from Intraday/ Delivery
In F&O: Select from Intraday/ Normal
4 Total Quantity
This is the total quantity you want to buy/ sell
5 Averaging Quantity
This is the quantity which will be placed periodically till the algorithm stops
6 Start Time
This is the time when the algorithm will start executing
7End Time
This is the time when the algorithm will stop, even if the total quantity is not met
8Average Entry Difference
This is the min drop/ rise in price wrt Averaging reference price to trigger orders
9Start Price
Select Start price as At Market / Custom At Market: the first order is executed on market immediately
Custom: the first order is sent when the start price is reached
How does it work?
After the Algorithm is triggered it works in the following way:
If buying → it fills when the price dips.
This way, you get improved fill quality instead of hitting market orders.
When not to use?
Avoid it in highly volatile or fast-moving markets because waiting for better prices can result in missed or delayed fills.
Also not suitable for illiquid stocks or situations where you need immediate execution.