Algo Trading Platforms

5Paisa Algo Trader

Published

1 year ago

September 6, 2023

5Paisa Algo Trading – Review, Features, Set-up, Strategies & more

5Paisa Algo Trading is a highly esteemed service offered by the firm, receiving praise for its plethora of features and diverse strategies that aid investors in achieving profitable outcomes.

In this article, we will delve into the 5Paisa Algo Trading platform, explore its features and benefits, and guide you on setting it up for your use, along with other pertinent details related to this platform.

Understanding 5Paisa Algo Trading

Algo Trading is a relatively recent concept in the market, introducing automation into the trading process. By utilizing pre-determined data and advanced algorithms, the computer-driven software identifies potential opportunities and conducts market analysis without requiring manual intervention.

This innovative approach to trading is especially beneficial for:

Professional Traders: Seasoned traders with ample experience in the market, who possess a comprehensive understanding of both the risks and rewards involved in Algo Trading.
Traders and Investors with Strategies: Individuals who have formulated specific trading strategies and seek to automate their execution, allowing them to operate effortlessly.
Technical Analysts: Experts who wish to automate their technical analysis and related activities for a more streamlined trading experience.

The Benefits of 5Paisa Algo Trading

Automated Decision-Making: With Algo Trading, investors can avoid emotional biases and human errors, as the system executes trades based solely on pre-defined algorithms and data.
Enhanced Speed and Accuracy: Algo Trading processes vast amounts of market data instantly, leading to quicker and more accurate trade executions.
Diversification of Strategies: The platform offers a wide range of strategies to choose from, enabling investors to diversify their approach and optimize their portfolio.
Real-time Monitoring: Investors can monitor their trades in real-time, allowing for swift responses to market changes and fluctuations.

Setting Up 5Paisa Algo Trading

To get started with 5Paisa Algo Trading:

Open an Account: Begin by opening an account with 5Paisa to access the Algo Trading platform.
Choose Strategies: Select from the assortment of pre-defined strategies available or customize your own to suit your preferences and risk tolerance.
Backtesting: Before deploying your strategies in live markets, conduct thorough backtesting to assess their historical performance.
Automation and Execution: Once satisfied with the backtesting results, deploy your chosen strategies for automated execution in the market.

Conclusion

5Paisa Algo Trading represents an advanced and efficient trading solution that caters to the needs of both seasoned professionals and aspiring investors. By leveraging cutting-edge technology, automated decision-making, and diverse strategies, this platform empowers users to make the most of their trading endeavors and achieve greater success in the market.

Top Features of 5Paisa Algo Trading Platform

The Remarkable Features of 5Paisa Algo Trading:

Advanced Infrastructure: 5Paisa Algo Trading boasts a state-of-the-art infrastructure equipped with cutting-edge technologies, ensuring seamless and efficient performance.
Versatile APIs: The platform offers APIs for various programming languages such as .NET, C++, facilitating seamless integration and flexibility for developers.
Strategy Coding Assistance: For traders who may not possess extensive coding knowledge, the platform provides valuable assistance in coding and implementing strategies.
Personalized Strategies: Traders can create and customize their own trading strategies on this platform, tailoring them to their specific preferences and risk appetite.
Stock Exchange Approval Support: 5Paisa offers assistance in gaining stock exchange approval for strategies, simplifying the process and expediting deployment.
Live Paper Trading Facility: Traders can test their strategies effectively through the live paper trading facility, enabling risk-free testing before implementing them in live markets.
Pre-Approved Strategies: The platform comes with a range of pre-approved strategies, readily available for traders to use, enhancing convenience and offering diverse options for trading.

Along with that, the charting tools on the interface of the platform can be integrated with these pre-approved and pre-loaded strategies and the strategies are discussed below –

Amibroker Linked Execution Strategy

It is for the traders who are using the trading technical indicators for plotting the buy and sell signals on the charts using these indicators. Once the signals are plotted, they are uploaded for execution and this Execution strategy automatically places the buy orders and also exits the market when the need arises as per the pre-determined data it has.

Pivot Strategy

This is an execution strategy that helps traders who trade based on the pivot calculations they do. There is support and resistance levels here in this strategy.

The data of the pivot values input in the system using a CSV file ad then the strategy will execute the same and take the position in the market and also exit the same as per the data fed on it. This is for intraday trades only.

Bracket Orders

As you may know that these orders define both the values that are the stop loss level and the profit targets, so, the strategy here helps in entering and exiting the market smoothly and intelligently when the market scenario seems favourable for your strategy.

Spread or Pair Trading Strategy

This strategy helps in tracking two correlated securities’ spread. The strategy here is to enter and exit the market based on the spread difference and with the hope that the spread will converge in the later part of the day.

Bulk Buying and Selling Strategy

This strategy which is pre-loaded on the 5Paisa Algo Trading system helps the manual traders to get a better price on an average basis instead of the limited price defined by them. The strategy automatically helps in changing the bids within the bid range defined by you when the market changes.

Call Execution Strategy (Buy/Sell)

The traders who have opted for the trading calls from the brokerage house and the research house can feed those trigger points on the system of Algo trading in a CSV file and the strategy will execute the same on its own.

Jobbing Strategy:

This one is the last strategy that is pre-loaded on the system of 5Paisa Algo trading. It is a strategy based on the highs and lows in the market and there are innumerable symbols the strategy helps in selecting the amount of each symbol intelligently and then places the stop-loss order and also calculates the amount of profit for exits.

How to Set up 5Paisa Algo Trading?

For setting up the Algo Trading system you have to understand a few things. First, you have to inevitably open a Demat account with the discount broker 5Paisa and then log in and download their Alto Trading platform.

Now, there are two processes of Algo Trading –

Charting or Macros Based Triggers

On software like Amibroker or others like you have built a trigger in MS Excel using Macros can be transferred to the Algo trading platform and the system will run the file to place the trade orders and also exit the market. The information needs to be sent via some plugin.

Programmed Algos

This is another process of using this platform that is by coding the strategy in a language understand by the platform and then you can run the same for the execution of the trades.

So, 5Paisa offers the process of setting up the Algo Trading platform once you have it and you have an account with them is as follows –

The conception of Idea: First you have to discuss the strategy you have in mind or the one you use for trading that you want to automate via this platform.
Determine the complexities involve: Now, you have to understand the complexities which are involve in this step and for coding and then also with the API Integration.
Payment: You have to fill out a form and place your undertaking and make the payment
Coding of your Strategy: There are experts at 5Paisa who will code your strategy as provided by you or you can get the API documents with which you can code the strategies you have in mind by yourself
Testing: Once the strategy is coded, you have to test run the same for understanding whether it is working or not. You have to test in a live-like trading arena to get the best results.
Approval: Finally, if you found your strategy working correctly, you get it approve by the exchange with the assistance provide in the software itself.

And, you are good to use the strategies that you have coded for your trading.

How to own 5Paisa Algo Trading Platform?

For owning the 5Paisa Algo Trading you have to –

Open a Demat account by submitting the sticky form shown on the sidebar of this article.
Upload the documents and get them verified
Once your documents and details are verified you will get the login details. You can then download and use the platform and start trading

Advantages of 5Paisa Algo Trading

It helps in reducing human effort. As a trader, your job is to think and put the idea to work. The platform take care of the execution part.
It helps in keeping human emotions and trading apart and thus helps in generating more profit most. It often as the decision are executed based on real data and not any emotions.
It is not manually possible to scale up the strategies to many stocks. Thus the software helps in doing so.
There are pre-approved and pre-loaded strategies which you can use for your trades.
You can feed in data and strategies anytime and use them for your trading purpose.

5Paisa Algo Trading – Conclusion

5Paisa Algo Trading helps traders and investors to enter. And also exit the market at the right time based on the fed data.
It helps them to execute the orders at the right time to capture the best possible price. This is more or less not completely feasible by humans.
Algo trading has its cons as well and it only thus recommend for experienced traders. This is to use this platform who understands the risks as well.

Up Next

Fox Trader

Don't Miss

Zerodha Streak

Algo Trading Platforms

Alice Algo Trading

Published

1 year ago

September 6, 2023

Ajit Singh

Alice Algo Trading Platform – Review, Benefits, Top Features, Set-up Process & more

Alice Algo or Alice Blue Algo Trading Platform is one of their most advanced trading platform which is created for the clients so that the emotions involved in trading cannot affect the trading.

In trading, emotions play a great role and at certain times, due to this traders take such positions in the market that can lead to huge losses.

Algo trading is completely based on algorithms and human emotions are not involved and this leads to profitable trading. The article below is a comprehensive review of the Alice Algo Trading Platform.

In this article you will not only read about this platform but also how it is beneficial for trading and you will also learn about the process of setting the platform for your use along with much other information.

About Alice Blue Algo Trading Platform

Alice Blue Algo Trading Platform is a web-based trading platform that can be called an auto-robot platform for trading as well and it can be used for equity and commodities trading. The stock brokerage house has built a platform which has high-security levels so that all the transactions are secured.

The platform is having an interface that is quite easy to use and it is intelligent enough to take the trading process forward. It is completely a new way of trading and it helps the companies to raise capital by offering shares and commodities.

It is referred to as the future of automatic robot trading and people nowadays are more inclined to this as well. While the platforms of the same kind which are there in the market are made to solve problems one at a time, this platform can take care of multiple things simultaneously and that makes your trading experience better.

Alice Algo – Top Features

Here are the Top Features of Alice Blue Algo Trading –

Available on iOS and Android and Browser-based platform
This Alice Blue Algo Trading Platform is available on iOS and Android. You can use this as an application on your smartphone and trade from there. The lightweight platform offers easy trading options.
You can download the application from the Apple Store or the Play Store and start using the same. For the browser-based traders, the platform can also be accessed from different browsers, you can log in and use the platform on your desktop or laptop browser and even on a mobile browser.

Pre-defined Strategies

There are different pre-defined strategies which are there on this platform. Eagle Algorithm strategy and Money Machine strategy are two of the most important strategies that are already loaded on the platform for your use.

The pre-defined strategies help you to trade without creating your own strategies, you can just use of the strategies and implement the same and the rest of the trading will be taken care of by the platform itself using the strategy you have applied.

Nominal Fees

If you are not having time for trading on your own because of other works and you are wondering how you can continue trading, Alice Blue Algo Trading Platform is the answer which has minimal fees of Rs.15 per order for the trades executed on the Alice Blue Blue Online Algo trading platform.

So, you do not have to hire any terminal operator for the same and you can do your own trading by setting up the Algo trading platform and using the strategies both pre-defined and the ones that you can create.

Customization of Strategies

Algorithmic trading is mainly based on the strategies and the robotic platform use those strategies and trade on the information you have inputted in the system. So, strategies play a crucial role here and thus this platform offers the facility of creating your own strategies too.

Though there are the pre-defined strategies, you can conceptualize your own strategies on this platform and the technical team of the firm will help you code the strategies and feed on the Algo Trading system and then you can use those strategies as well for your trading purpose.

Easy to Use

The platform though sounds like a difficult thing to handle but it is quite easy to use. The interface of the platform is user-friendly and there are various facilities that you can avail.

Security

On an automatic trading platform, what matters the most is the security of your trades and transactions. The transactions are completely secure on this platform and so are the trades.

How to Set-up Alice Blue Algo Trading Platform?

Setting up Alice Blue Algo Trading is not rocket science and you can set it up on your own. However, you need to have a valid login id and password of Alice Blue Demat and trading account.
Login to the Alice Blue Blue site or the trading terminal.
Download the Alice Blue Algo Trading Platform on your mobile device. You can download the application from the Apple Store for the iOS users and for the Android users, you can get it from the Google Play Store. You can also use the web-version of the platform.
Now you can create a link on the trading terminal of Alice Blue Blue and paste the same link on the MT4 platform. This will initiate the automatic trading in your account.
There is another way you can start the automatic trading and that is by selecting the strategy that you want to apply on your trades. Once you select the strategy, the trades will automatically happen when there are new signals as per the strategy.

How to Own Alice Algo Trading App or Platform?

For owning the Alice Algo Trading you have to open Demat and trading account with Alice Blue Blue. For the same, you have to –

Submitting the sticky form shown on the sidebar of this article.
Then you have to submit the form and upload the documents that are required for the verification purpose.
Once your documents are received by the firm, then will call and discuss with you’re the remaining process of application.
Your documents and the application will be verified and then your account will be activated
Once you get the login details on your email, then you can start using the Alice Blue Algo Trading Platform.

Advantages of Alice Blue Algo Trading App or Platform

There are numerous benefits of the Alice Blue Algo Trading and the most important ones are –

Execution of the trades are always at the best possible prices as it is an automated trading platform, the prices are captured very correctly.
Another reason for the order execution at best prices is the high responsiveness of the Algo platform. The order placement and the execution is superfast leading to capturing of the best price possible.
The trades are scheduled and they are executed as soon as the signals are received, this helps in avoiding massive price differences.
The transaction cost of the trades is reduced by using the Algo trading platform
Since it is an automated platform, the system checks multiple market scenario at the same time.
There is a great risk of placing wrong order when manually placing orders, with the Alice Blue Algo Trading Platform, that risk is nullified. The orders are accurate and so the execution is also accurate.
You can back-test your customized strategies using the historical data available on the platform and also on the basis of the real-time data available.
Finally, the most important benefit of using this Alice Blue Algo Trading Platform is avoiding human emotion in trading. Trading often turns into losses due to human psychological factors and emotions which can be completely avoided by Alice Blue Algo Trading Platform.

Alice Algo – Conclusion

Alice Algo is the need of the present generation in trading who have less time but want to trade with full accuracy.
This technology-based trading platform keeps the human psychological factors away from trading and thus providing a fair opportunity in the market.
The Alice Blue Algo Trading is available both for the Android and the iOS users and also for the browser-based traders and all these uses you can use for very nominal price.

Algo Trading Platforms

Reliance Tick Algo

Published

1 year ago

September 6, 2023

Ajit Singh

Reliance Tick Algo Trading – Review, Features, Setup Process, Charges and more

Reliance securities is providing various trading platforms for their clients in order to help them to take the right decisions regarding trading.

Here, in this article, you will get to know about Reliance Tick Algo Trading and we will also discuss the features and advantages of this platform.

Along with this, we will also focus on the process to set up and own this trading platform. Therefore, let’s read this article thoroughly.

About Reliance Tick Algo Trading

There is no doubt that reliance securities have been dominating different premises in India for a long time. They are providing updated facilities for their clients so that they can get a better opportunities in the field of the stock market.

Tick is an automatic robotic and data analytics-based buying and selling platform that is available on your mobile, net, algo as well as computer as a buying and selling platform in the form of EXE.

This platform is designed in such a way as to decrease order wastage and it is providing various features like model screeners, actual time-based updates and alerts and properly placed name ratio information and so on. We will discuss in detail about the features.

But, before that, you need to know that with the help of this Reliance Algo trading platform, you can get many advantages in the stock market and you can get new opportunities in the market.

Reliance Tick Algo – Top Features

Reliance Algo Trading Platform will give you many features that are helpful for trading. Some of the main features are mentioned below –

Execution algorithms

The benefits of this feature are that traders will perform at the best feasible expenses. With the help of this feature, traders can correct or alternate the order placement. Along with this, this feature will also help them to reduce transaction expenses.

With the help of this execution algorithm, traders can get a computerized assessment of more than one marketplace situation. You will get all kinds of information regarding new opportunities without any kind of extra effort.

Chart based trading

Chart-based trading will help the traders to monitor the trades for hours and for a long period of time. This will help a trader to get a clear idea about the safety of buying and selling action. There are many traders who want to keep the charts of their buying and selling setups in one frame.

With these features, traders can able to customize their fee charts and they can also add signal alerts in order to get the most profitable trading possibilities.

Time management

Traders can able to execute the orders as soon as the opportunity comes into the market with the help of this algo trading’s pre-input parameter.

Along with this, this trading platform will help you to increase your chances of making a profit and it will provide the basic logic for trading or investing.

Multi-leg trades

This reliance securities Algo trading platform will do multiple legs trading in single or multiple underlying assets.

How to Setup Reliance Algo Trading Platform?

If you are willing to set up your platform, then you need to follow some simple and basic steps:

You have to create your account instantly. You can do this by yourself or you can get assistance to create this.
Enter your basic details of yours like your email id, mobile number, pan number, date of birth and so on.
Agree with the terms and conditions so that you will receive an OTP for verification.

How to Own Reliance Tick Algo Trading?

If you are willing to own this Reliance Securities Algo Trading Platform, then you need to follow some simple steps. To own the platform you have to open a demat account with Reliance Securities. Let’s go through the process –

Open a Demat account by submitting the sticky form shown on the sidebar of this article.
You will get a call from Reliance Securities KYC Team.
They will guide you to open an account online.
You have to keep documents ready like Aadhaar, PAN Card & Cancelled cheque.
After Esign is done, your documents & form will be verified within 2-3 days.
You will get your client ID & password post verification & then you can log in to Reliance Algo Trading Platform.

Advantages of Reliance Securities Algo Trading Platform

Some of the main advantages of this reliance securities Algo trading platform are mentioned below

Time management

With the help of this trading platform, you can execute orders quickly. Time control is the procedure that will help you to work smarter and take smart decisions regarding investment.

Multileg trades

The broking house is offering you multi legs trades in order to hedge your position and as a way to lessen the upfront investment is important to make trades. These trades are also involved buying or selling a couple of alternatives on identical stocks in a particular mixture based on a strategy.

Trading execution

This is the process by which you can execute trades without imputing them manually. The automated structures may be designed in order to promote orders without any kind of manual tracking and executing trades.

Reliance Tick Algo – Conclusion

After the discussion, we can say that reliance securities are one of these brokers that offer first-rate offerings and research alongside a wide offline presence.

The Reliance Tick Algo will give you the best opportunities by which you can get a good outcome in trading. So, if you are looking for a reliable and secure trading platform, then you can consider this one.

Algo Trading Platforms

Fox Trader

Published

1 year ago

September 6, 2023

Ajit Singh

Fox Trader Algo Trading Platform – Review, Features, Charges & more

Fox Trader is an algo trading platform used by multiple stock brokers like Trade Smart Online, Upstox, Finvasia & more. This is great innovation which makes trading easy for die hard traders. In this article, we will discuss in detail about Fox Trader Review, its various features, its charges, pros & more.

About Fox Trader Algo Trading Platform

Fox Trader is one of the revolutionary online trading platforms that gives comprehensive support to their clients who face huge gaps between their knowledge and lack of realistic strategies while investing and trading in the stock market.

Trade Smart Online Fox TraderHave you wondered when you can step into the stock market world without taking the support of brokers? If no, then you are running late, Fox trader has designed the algo trading software that made to handle the needs of active users.

No matter, whether you are novice trader who don’t know the answers of “how to trade” “when to trade” and “what to analyze” or you are professional trader, this algo trading software guide you effectively along with helping you decide on which indices are good to trade.

This software is equipped with all high tech features you would expect from a modern stock marketing platform. By using conventional form of trading, investors and traders often gets affected by the fear and greed. They end up making impulsive wrong decision that lead to huge losses.

But this algo trading software is emotion bias and free from human error, so it always helps you in decision making so that your trading turns out to be extensively profitable.

Features of Fox Trader

Fox Trader is one of the prominent algo trading software by trade smart online which comes with many highly advanced features.

So, here we have run down all power packed features of fox trader! Check and start a trade.

Trend Scanner

Trend scanner window will give you all information about what overall market trend is doing with the help of technical analysis.

We know stock analysis is one of the toughest and time-consuming processes but, with the help of this tool, you have a lot of flexibility to pick up which stock is trending up and down, and see if there is an opportunity to trade.

Watchlist

This is one of the prominent features of this tool, after scanner if you think stocks trend up in trend scanner, you can add those stock in the watch list.

Along with that, you can create multiple watch list. Additionally, you are free to add more stock in your watch list as well you can delete a stock from it if you don’t find it work anymore.

Technical Indicators

If you are active traders, you might have heard about this feature because it is commonly used by the active traders.

It is implemented in this tool to analyze short-term price movement, long-term price movement, and help active traders to identify trending environment.

Risk Management

This automated feature is one of the overlooked or underrated features of trading. No matter, how you are good at trading, sometimes even the best traders suffer a huge loss because of improper risk management.

So, in order to achieve successful money management, you have to use the software that prevents you from taking too much risk and helps to maximize profit while minimizing losses.

How to set up Fox Trader?

If you want to access this online algo trading tool, and don’t know to use it. Then you are at the right place, here we have listed all the essential steps that will help you during the registration process.

Important Note: Forex online trading services is only available for the Upstox trading account holders. So, if you are not an Upstox holder than create demat account, and if you already follow the below-mentioned process.

To download fox trader click on this link – http://reliable.co.in/RW.HomeV1.FoxTraderDownloads.aspx

Select the download button. Click on Fox Trader VNS
Once the fox trader downloaded, run the installation file and follow the instruction that you will find in the screen.
While installing if you get any error to change the installation drive location. Just place it from drive D to drive C.
After the installation complete, you are free to run this software hassle free.
Login using Trade Smart Online, Upstox, Finvasia Login ID & Password

How to Own Fox Trader Algo Trading Platform?

To own a Fox Trader from Trade Smart Online – You have to sign up with Trade Smart Online

Online Registration Process

When you head over to the welcome screen of software, you will find the registration page.
Here, Enter your Name, Address, Email ID, Mobile Number, and Aadhar Number.
After filling details you will get a one-time password on your registered mobile number.
Once the OTP registration competed, you can log in with your Stock Broking Firm ID and password.

When you login first time, you will get the free subscription plan which runs for only 30 days. After 30 days, if you want to continue your trading with this software, you need to subscribe either for premium or standard version.

Fox Trader Standard Plan Charges
Fox Trader Standard Plan
Fox Trader Premium Plan Charges
Fox Trader Premium Plan

In fox trader the more technical tools and features you get, the more you pay, so if you are an active trader than go for a premium version which is available at Rs.17000 yearly.

Advantages of Fox Trader

Fox trader is an exceptional charting platform, that updates you about market values.
As opportunity always knock the door, with the help of semi-automatic order book you can pre-place your orders according to your conditions that you feel these stocks can give you profit.
Fox traders not only offers you proper strategy about the market condition but also satisfies your needs and requirements.
With the help of this software, you can stop losses and take profit.
It acknowledges you when you take the risk.
Notify you about the upcoming trend as early as possible so that you can manage the risk effortlessly.
One month free access is very useful and a good initiative for the newbies.
No matters what’s your stock marketing goals, this algo trading software offers a variety of solutions that are very effective before we put orders into actions.

Disadvantages of Fox Trader

Sometimes it is very difficult for the novice traders to a financial decision through this online software.
Fox traders online platform still need some advanced stage.
Many users experience that scanner option doesn’t work properly, it comes with lots of bugs.
It doesn’t support the EOD screening.
Very lethargic customer car service.
Unlike other trading software, this online platform is a little bit complicated.
Many useful indicators are restricted in the standard version.

Conclusion of Fox Trader

There are so many reasons to introduce algo trading platform in our trading life because we humans are emotions bias, we cannot easily execute our strategies in a one go.
We need some mathematical accurate strategies and high-level computer functions to determine strategies and execute plans. So, this is the only platform that finds trading opportunities for us and manages the risk level.
This platform not only helps to execute stocks at best possible prices but also reduces the possibilities of making mistakes.
Hence, when we use the algorithm strategies while placing the orders allow profitable opportunities and minimizing the loss impact.