Automate Trading In Zerodha

Are you looking ahead for Automate Trading in Zerodha? Well, if yes, then here is the document that helps you in understanding the basics of algo trading and in understanding how to execute algo trade.

Since Zerodha is a discount broker and so it does not offer any kind of research tips to its clients but when it comes to assisting clients in trading it offers different trading platforms. 

One such platform is Zerodha Streak that is the renowned algo trading platform. 

Know how you can do automate trading in Zerodha, but before that let’s first know what algo trading or automated trading is?

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Automate trading is all about establishing specific rules and programs for both entry and exit of the trade. Many traders make use of the platform to execute a trade without any hassle. 

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Can I Automate Trade with Zerodha?

With the growing advancement in technology, many traders opt for algo trading and thus brokers tend to offer them the platform that helps them to execute a trade in a smarter way.

As per the latest report and analysis, Algo trading in NSE has taken a mainstage and around 40% of the total trade is being executed by algos. 

Now coming back to the question- How to do automate trading in Zerodha?

Automated trading is a computer trading program. It submits the trades to an exchange without any human interruption automatically.

Automated trading is popular in the developed markets, but, as India is a developing nation, it is somewhere adopting the concept of algo trading. 

Zerodha Streak is the platform that helps automate trading in Zerodha. It tracks and analyzes markets strategically and generates signals that help traders to buy and sell their shares. 

One of the major benefits of using Zerodha Streak is you can execute algo trading without coding in 3 simple steps. 

1. Creating the Algo Trading Program
2. Backtesting to Measure Performance
3. Deploying Live in Market 

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AlgoZ Zerodha

Apart from this, you can efficiently use the AlgoZ, a complete Technical analysis based Algo Suite. 

The product is launched specifically for the retail client as you can write a strategy, backtest it to ensure whether or not the strategy is able to make money for you. 

Once the strategy proves to be fruitful, you can take your strategy live.

In case, you face challenges in writing or executing a strategy then there is the Zerodha Support team and programmers who help you in understanding the technical analysis strategy and how your strategy can be converted to code. 

You can use this tool for free after opening a Demat account with Zerodha.

In all, Zerodha tries to offer the services or the products and tries their best to be cost-effective to keep their client in profits.

You should have a strategy that you wanted to trade on its own if you’re going to automate, without human involvement.

The tool gains popularity and offers assistance to traders to automate trading in Zerodha. It is very accurate to tell that automation is basically for someone experienced and a professional trader.

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AlgoZ Zerodha Features

Having the best capabilities for back-testing and automate trading in Zerodha, AlgoZ software comes up with some of the top features like:

• It contains a number of commonly used indicators that help in doing a proper analysis of stocks.
• The charts in the software are used to analyze stocks in particular time frames like 1 min, 5 min, 1 hour, etc.
• It also contains the daily charts of more than 3 years and intraday data of 22 days that further helps in the analysis of stocks.
• The tool helps both in writing and back-testing strategies along with automating trade with Zerodha.

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AlgoZ Zerodha Benefits

Here are some of the major benefits of using the AlgoZ platform to automate trading in Zerodha:

• Since its integration to Zerodha trader, AlgoZ offers low latency feeds.
• The professional charting tools might raise the latency, which incorporates the external feeds to the software.
• Whenever the strategy represents the opportunity, you would have the option to execute it automatically or semi-automatically.
• Gives a complete overview and helps in comparing a professional charting tool.

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Conclusion

Zerodha doesn’t make itself liable for the correctness of any formula or code. AlgoZ/Nest Pulse is a tool that could help you to become better for you to trade.

It would be right to check it once again based on the signals generated before taking any trade ahead. 

So if you want to be into algo trading with Zerodha which provides the top facility. 

Hope you now get a satisfactory answer on how to automate trading in Zerodha? 

The precise use of the technology and tool helps you in making money and saving your time while trading. 

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To experience the algo trade, open a free demat account now!

 

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