Software for options trading in nifty

A trader can chose any of these to suit own requirenent. But to use them you have to sunbscribe to the broking platform. Not all brokers allow algo trading yet. Also not all algo software are meant for all platforms. Hence you need to pick your broker and the software carefully. In addition, you may have to dish out some extra expense for automatic trading.

All these depend on the platgorm and the software vendor. Here we are going to show you the pros and cons of these software and trading platforms. Streak is only meant for Zerodha subscribers. Therefore you need to be a Zerodha subscriber to trade with Streak algo. Streak is connected with Zerodha trading platform named Kite.

Kite has both we and the App version. In addition, there is a Zerodha software named Pi. Streak works fine with all of them. You need to log in into Streak with Zerodha credentials. This is another algo trading platform associated with Zerodha. It is an old algo platform. Launched in as early as , AlgoZ assists in algo trading.

Also, it helps in automatic backtesting. AlgoZ has many attractive features but not all are completely free. It is probably the first software for algo trading for Indian traders. It is another software for algo trading. Since its inception in , AlgoTraders has been very popular. It is an open-source technology-based algo trading software. The latest version is AlgoTraders 4. It is a plug-in software. There are many features that make it very popular.

These features are listed below. It is basically a new entrant in its category. Tradetron is no software but an algo trading marketplace. You can find many algo strategies here. As it is an algo marketplace, algo creators come here and sell their strategies in this platform. Tradetron Tech has many strategies of their own. These strategies include:.

Many brokers support TradeTron algos. Some brokers charge for their APIs like Zerodha. Tradetron Tech is not free. The free version allows the use of only one algo strategy only. But backtesting is free. It is another important name in the software for algo trading basket. Omnesys Nest is a premium algo trading software. It allows execution of strategies like basket trading, order slicing, option hedge strategies that include 2l and 3l spreads. Omnesys Nest is a highly versatile algo trading platform.

This is also a popular software, Financial Technologies developed it.

The third-party algo integration is very smooth in this platform. It is a multi-segment algo trading platform. ODIN is famous for its risk management and order management capabilities. This multi-segment multi-asset algo trading platform has a number of powerful features. It has a very famous technical analysis tool embedded in the system.

Metatrader employs trading robots in its automated trading system. Metatrader enables cross-segment algo trading opening up a number of opportunities in algo trading. It is an all-in-one algo trading platform. NSEIT developed this software. It is an algo trading platform. It enables comprehensive monitoring. Also, Algonomics is an algo trading platform with low latency in trade execution.

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Also, the system control mechanism is very robust as well. Therefore all the platforms are not yet used to the new system of automated trading. Many brokers do not even allow it now. Also, the technological aspect needs improvement. Hardware like high-speed processor, high capacity RAM, fast internet connection, uninterrupted real-time data input etc. Hence a trader must ascertain that these things are well in place. In addition, one cannot leave the automatic trading in the hand of machines yet. Monitoring is necessary.

And whenever the need arises, manual interception is a must. Otherwise, data mismatch or technical glitches can increase your losses in no time. In the end, I should say a little study will do you no harm. In fact, to master algo trading that suits you best, you must study a lot. A lot of amateurs in the market buy at a wrong point. A skilled trader identifies such people and takes an opposite position to trap them.

Knowledge & Education

Planning: One should identify a few stocks and focus on them. Minimum capital: Only those with a capital of at least Rs 2 lakh can trade for a meaningful gain. However, this capital should not be borrowed and should not be part of your core savings. People can also trade with less, but volumes are important.

So, a certain minimum capital is a must.

Types of Options

Stock volumes: A stock should have enough volumes for it to be tradable. According to Zelek, it should have a minimum daily average volume of , shares. For those just starting, trading Nifty stocks is a good idea, he says. Price range: What should you do with a share which has high volumes but not much price movement?

You should prefer shares with a minimum price range of Rs This means the average difference between a stock's intra-day high and intra-day low should be at least Rs Bharat set up a partnership firm dealing in electronic items before becoming a franchise of a brokerage firm in June Never go against the market trend and never mix your trading portfolio with your investment portfolio. See an opportunity in every market move.

Timings: Look for the most volatile market timings. Derek says 9. Volatility: Any stock with a positive beta of 1 or above is good. A beta of 1 means the stock will move in line with the market. One can find a stock's beta in the trading software. Supply-Demand: One has to know the supply and demand of individual stocks. If the number of shares up for sale is more, one should not buy the stock, and vice versa.

To know if the sell quantity is more or the buy quantity is more, one cannot rely on the bid and ask numbers available on the screen. Only a technical analysis can help identify the supply and demand in individual stocks, says Zelek. News Flow: Never trade on news which is out in the market. It takes a few minutes for a stock price to adjust to any news. Average out: When the price of a stock starts falling, people buy more to average out. In trading, it's a strict 'No'. It's a losing trade.

The trade is going bad. I would rather wait for the right time to enter again," Makwana says. Do you think you can immediately start trading with all these tips? The answer is "NO". One needs to develop a few skills, including the ability to understand technical analysis.