Hi, I want to write a algo, that buy the share XYZ at price below Rs.500 and that should sell when the price reached above Rs.510 like this simple to some complex multileg F&O startegies .
Here my question is when the price reached below 500 and my algo shall send the order without any human interaction, i.e fully automated or else I should open a popup to confirm the order by me or some one, then only I should send the order. If fullly automated trading is accepted, please give if any limitation to number of orders in a time frame.
Is fully automated trading is approved in NSE and BSE by retail traders.
Great! Thank You. I understand, after buying kite connect api, after login and geting access token, and by using the access token I can place or close order through code without any human interaction and based on the logic defined in the algo. Please confirm my understanding.
My humble request is that Zerodha should give clear definition of Algo Trading in NSE/BSE with sample coding and close/open/cancel order frequencies for retail investors. If any web link avialbe about automated trading by authorized brokers (Zerodha) or NSE/BSE websites, please post it.
We are just technical guys here. We are not aware of compliance stuff. You can write to kiteconnect(at)zerodha.com to speak to someone from the compliance team.
I read some artical by google (i.e https://www.quora.com/Is-Algorithmic-Trading-possible-in-Indian-stock-market-If-yes-what-service-API-is-available-to-get-started), fully automated trading is not allowed in NSE/BSE and single point interaction in necssary. After googling about automated trading in India, I got lot and lot of confussion, there was no concrete answers.
My humble request is that Zerodha should give clear definition of Algo Trading in NSE/BSE with sample coding and close/open/cancel order frequencies for retail investors. If any web link avialbe about automated trading by authorized brokers (Zerodha) or NSE/BSE websites, please post it.