Hello Rajesh,
1. I have a strategy, let's say Latest 5 Min Close > 5 min ago Close then BUY. Is it possible to use Kite API and write the strategy?
Ans : Possible
2. Does it allow fully automated algo trading?
Ans : yes
3. Do we need any approval from the Exchange for the Strategy?
Ans : This is again a gray area but as of now not required
4. Are there any delay in getting the live quote LTP ?
Ans : No delay what ever comes into zerodha systems will be transmitted thru websocket
November 2017