Zerodha to bring ‘Alert Trigger Orders’ on Kite mobile: What you need to know

Zerodha has introduced a new feature on its Kite mobile platform called ‘Alert Trigger Orders’ (ATO), expanding the availability of the tool already accessible on the Kite website. Nithin Kamath, Zerodha’s founder and CEO, made the announcement on Tuesday.
Unlike standard alerts that only notify traders when certain market conditions are met, ATOs take it a step further by automatically executing a basket of orders.
This ensures that trades are placed on the exchange as soon as the preset conditions are triggered, removing the need for manual intervention at that moment.
For instance, a trader who wants to buy stocks when the Sensex drops by 10% can set up an ATO to do so. When the Sensex hits the 10% mark, the alert triggers and the corresponding buy order is placed automatically.
Kamath also provided an example to illustrate the versatility of this feature.
“ATO orders allow you to execute trades based on ‘if this then that’ conditions. For example, buy Reliance if Nifty 50 crosses 25,000 or execute a Nifty short straddle (sell a call and put option of the same strike) if Nifty 50 falls to 24,975,” he shared on social media platform X (formerly Twitter).
According to Zerodha’s website, ATOs also offer ‘market price protection,’ which helps reduce the risk of price variation when orders are executed. This ensures that trades are made at the best possible price.
For those looking to use this feature, Zerodha has outlined the following steps:
Click on the ‘More’ icon of an instrument.
Select ‘Create alert’ (you can rename the default alert name if desired).
Choose ‘Alert Triggers Order (ATO)’.
Select the data point, instrument, operator, and price.
Search for the instrument to add to the basket and click B (Buy), S (Sell), or +.
In the order window, input parameters like price and order type, and click ‘Add to basket’. You can add up to 20 instruments to the basket.
Modify the quantity or price as needed. To select the market price, click the options icon, then the pencil icon, and select Market.
Finalise by clicking ‘Create’.
The streamlined process will allow traders to automate their strategies more effectively, giving them an edge in fast-moving markets.