Algo Trade
Parameters to Consider while taking Algo Trade - Intraday
Instrument - Index [ BankNifty or Nifty ] , [Quantity] ,
Contract [ Weekly or Monthly], Order Type - Market Order
Strategy to be selected for intraday [Hedging or Unhedged]
[Stop Loss or without Stop Loss - Trailing ]
[Target Profit or without Target Profit]
Strike Price of Options - Process [100 strike away from current price] - ATM, OTM, ITM
Display the MTM in specified time gaps
Margin Required for 1 Basket Order, Total Capital / Number of Baskets [Return on Investment]
Time of Execution - Entry and Exit Timing
Other Notes
Implementing Strategy in Multiple Trading Accounts of same Broker
For Testing - Try Paper Trading before Actual Trade
Indicators to be used for Intraday are Williams Aligator, VWAP, RSI, Volume, SMA / EMA
Chartink Links
Nifty500 Yearly High Bollinger-Band Bullish Stock
Algo Platforms
tradetron.tech
algotest.in
utradealgos.com
speedbot.tech
algomojo.com
chartink.com
trado.trade
quantman.trade
Other Refrence Links