MASTER THE NEST

BE THE BEST
by

S I VA KU M A R J AYA C H A N D R A N

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D O W N L O A D A N D I N S TA L L N E S T
T R A D E R F RO M F O L LOW I N G L I N K

• https://tradesmartonline.in/products/nest-trader/

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 TRAINING VIDEO LINKS

https://www.youtube.com/watch?v=RJ https://www.youtube.com/watch?v=M6
TsEMDVU38&t=265s OSrkSKmRw

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LO G I N S C R E E N

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G O TO M A R K E T WATC H G RO U P S E T T I N G
( CO NTRO L+ G) TO MAKE A NEW GRO U P

Type a group
name as Nest,
click on add
new and you
will find it
added in the
groups and also
at the bottom
tab

The group is ready and now you need to enter the instruments that you will be trading 5
Process to add watchlist in the Created Group from Script Bar
The script addition has four
options:
CDS : Currency
MCX: Commodity
NFO: Future and Options
NSE: Stock/Equity

Since we do Scalping and deal with

Future and options we will choose
NFO.

Press TAB to go to the next drop

down menu.

This menu which has got 4 options

to choose from:

• FUTIDX-Index Future
• FUTSTK-Stock Future
• OPTIDX-Option Index
• OPTSTK-Stock Options

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 HOW TO ADD BANK NIFTY STRIKES?
(PRESENT LEVEL OF BN 34,600)

• After Choosing Option Index Press Tab to go to Choose PE to add Put and CE to add Call Strike.
• Press tab to go to next box and type the strike Price of deep in the money Strike price of 35000
• Press up arrow and enter on the key board repeatedly to enter descending strike price.
• In this example the strikes of 35000 PE till 34200 has been added.

• Now time to add the CE

• Press Shift + Tab to do to previous drop down menu, Choose CE Now

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 HOW TO ADD BANK NIFTY STRIKES?
(PRESENT LEVEL OF BN 34,600)

• After choosing CE option,

• Press Enter,
• Up Arrow and enter to add script from 35000 to 34100 few strikes up and down
• If you Press Tab it takes you to the next option in the menu bar, if you press shift tab it
takes you to the previous Option.

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 HOW TO ADD BANK NIFTY FUTURE?

• Press Tab to move forward or Shit Tab to move backward and Choose FUTIDX on your
keyboard
• You can see the Expiry date or series in the red box.
• Press enter button to add Index Future to the watch list.
• For future we add the monthly expiry and for options we add current week expiry. (See the green
box in the image)

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 Nest Trading Software Terminal Screen
with Strikes in Bank Nifty-Example.

You should choose the strike price based on the market trend pre opening. If the market is about to
move up then Select from ATM to OTM on call side and on put Side ATM and vice versa.

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H OW TO A D D S PAC E B E T W E E N T H E C H O O S E N S C R I P T ?

To add a row between two scripts press insert

To delete the space take the cursor where you

want to delete the space and press delete.

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HOW TO ADD A DIFFERENT SERIES OF BANK
NIFTY FUTURE OR OPTION?

Choose any series from the option as show in the image.

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S A V E T H E W AT C H L I S T

Market-Market watch group Setting ( Control+G)-Save groups- Yes

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 F I E L D S I N WATC H L I S T C O L U M N S

Trading Symbol, %Change, LTP, Bid Rate, Bid Qty Ask Rate, Ask Qty, Previous close, Open, High, Low, Total
Bid Qty, Total Ask Qty, Open Interest, % OI, Previous OI, Net Change, Volume,

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 HOW TO SELECT AND ADJUST THE COLUMN
SETTING?

Hover your cursor anywhere on the

above red box and then right click on
your mouse choose reposition columns,

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 HOW TO SELECT AND ADJUST THE COLUMN
OPTIONS?

• In the Column Profile choose any

item by clicking on the right arrow
shown in blue box,

• To remove any column click in the

left arrow shown in yellow box.

• The preferred column profile is

shown in the red box.

• Click on the save Button to Save the

settings to all the groups across the
platform.

• You can drag and drop any item

to re-arrange in the red box to
the position of your choice.

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ORDER BOOK-F3

• Press F 3 to open the order book,

• On the top we have open orders to be fulfilled
• At the bottom we have executed orders.

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MINIMIZE THE ORDER BOOK AND KEEP IT
IN THE POSITION SHOWN

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 C H O O S I N G T H E S U I TA B L E C O L U M N S
IN ORDER BOOK –OPEN ORDERS

• Right click on open order trading

column
• Choose reposition column,
• Choose the shown and meaningful
options.
• Save it .

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 C H O O S I N G T H E S U I TA B L E C O L U M N S I N
ORDER BOOK –COMPLETED ORDERS

• Right click on
Completed order
column menu
• Choose reposition
column,
• Choose the shown and
meaningful options.
• Save it .

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 I N I T I AT I N G A T R A D E

• Press F1 to place a buy

order. It will automatically
populate the Ask rate.
• If you keep pressing F1 it will
keep changing the price to
current ask rate.
• You can click the down
arrow on the keyboard to
pull down the price to the
desired level
• Press enter to place the
order.

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COMPLETED AND PENDING ORDER(F3)

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 T R A I L I N G S TO P LO S S I N N E S T

Put the trailing stop

loss above the buy
price. Which is
247.99 in this
example.
So we put the price
to 250 and trigger
price little higher.

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 DECODING LIVE TRADE

The order was placed 200-300 points deep in the money.

Placing the cursor on the strike price Press F1, Enter the price, In a bullish scenario it is a buy on dips
market , so slowly on every dip you can add additional 25 quantity( or anything as per your capital)

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 YO U S E E YO U R N E T P O S I T I O N ( A LT + F 6 ) O R
IN ADMIN(F11) POSITION AND SQUARE OFF
FROM THERE

When the market moves on long build up it can rally for some time and its good time to take bullish trades.

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 T R A I L I N G S TO P LO S S

To Put the trailing stop loss go to the same strike price press F2 and put the price above your buy
price and change the order type to SL, Put the selling price 10-15 points higher than your buy price
and Trigger price is 2 rupees higher than the Price.
You can modify the trailing stop loss from F3 from order Book

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 BREAK EVEN POINT(BEP)
AND TRAILING STO P LO SS

When you place order at different price level, BEP gives you the average buy price. In case of
Trailing a stop loss, the trigger price should be higher than BEP and Price should be 2 Rs less than
Trigger price,

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 MODIFY OR CANCEL AN ORDER

Press F3 to go to Open orders,

You can modify or cancel orders
from the shown tabs.

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 C A N C E L L I N G M U LT I P L E O R D E R

Press Shift and click on mouse to

select the first order, move the
mouse to last order and click ( keep
the shift button pressed) It will select
everything,
Press delete button to delete it.

You can also select all orders by

clicking shift and down arrow on the
keyboard.

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 ADMIN POSITION(F11)

Reposition column and

choose the options
Shown here.

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 S E L L I N G AT M A R K E T O R D E R F RO M A D M I N
POSITION

Press F11 to enter the admin position. Where you see the open net quantity ( 50 in the shown
example)

Choose the line item that you want to sell in market order

Click square off the sell on the market order.

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CHECKING BID AND ASK OF A STRIKE PRICE

DOUBLE CLICK ON THE LINE ITEM TO OPEN AND CHECK THE BID AND THE ASK,
YOU CAN USE THIS WINDOW ALSO THE CHECK THE OPEN AND HIGH
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 N E T P O S I T I O N ( A LT F 6 ) S E T T I N G

Net position tells you

the trade and its
status on that day
We can choose the
shown settings from
column profile

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TRADE BOOK SETTINGS(F8)

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 SCREEN TO BE ARRANGED FOR READY
REFERENCE AND EASY CONTROL OF TRADE

• Order Book F3

• Trade Book-F8

• Net Position Alt + F6

• Arrange the window to

suit your comfort.

• On exiting nest save

the windows layout
when prompted.

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P AY I N A N D P AY O U T

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PREFERENCES AND USER SETTING

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PREFERENCES AND USER SETTING-BUY
PREFERENCES

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PREFERENCES AND USER SETTING-SELL
PREFERENCES

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VIEW FUND LIMIT

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 C U S TO M I Z E C O LO U R A N D F O N T

• Right click anywhere in the

watch list and choose
customize
• You can open the same
setting by user preference
from the menu and choose
market watch
• You can change the text ,
size, font, colour etc from
here,

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U S I N G P RO F I T F RO M P R E V I O U S
T R A D E A S S TO P LO S S

In the next trade keep the profit from the previous trade as a stop loss and hold on to the position.

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S TO P LO S S L I M I T

• USE PREVIOUS DAY PROFIT AS A STOP LOSS

• IF THE PREVIOUS DAY HAS BEEN A LOSS IN THAT CASE

• RISK SHOULD NOT BE MORE THAN 10 % OF YOUR

DEPLOYED CAPITAL AT ANY COST.

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 RE-ENTERING THE SAME TRADE

The above market as per chart is a buy on dips market. The price of 32600 ( 400 points ITM) has come
again in the range of 612 Rupees so 50 quantity was bought that brings the BEP to 568 rupees so if you
hold the trade till 568 you will not loose the capital and stop loss is bigger and wider. ( earlier 200 quantity
was sold and now 50 qty is open and bought so the break even point will be 568)

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 I M P O RTA N T S H O RTC U T S
TO B E R E M E M B E R E D
Nest Smart Trader
F1 or Plus Buttom Buy
F2 or Minus Buttom Sell
F3 Order Book Order Book
F4 Market Watch
ALT + F6 Net Positions
F8 Trade Book
F11 Admin Positions
Control + I Adding Index
Control + S Adding Script
Control + H Hot Key Preferences
Control + P Preference Settings
Control +T Show and Hide tool bar
Shift + Down Arrow To Select multiple orders
Insert Insert a Row
Delete Delete a Row
Escape To remove an open window
Tab and Shift Tab To move from One to Different Market Watch

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