Algotrading — Education — TradingView — India (2024)

Automation using TradingView Webhooks, I got hooked on Dhan!

NIFTY

, 60Education

viswaram

Brokers are the last people on earth to whom we would like to give credit. Social media is flooded with posts that say “My broker did not help me square off positions…”, “My broker’s app stuck in between..”, “My broker did not help me login…” etc. I believe 99 out of 100 support tickets they get every day would be problems, glitches, and issues. Being a broker is...

4

1

Algorithmic vs. Manual Trading - Which Strategy Reigns Supreme?

RELIANCE

, 1DEducation

Money_Dictators

Intro: In the dynamic world of financial markets, trading strategies have evolved significantly over the years. With advancements in technology and the rise of artificial intelligence (AI), algorithmic trading, also known as algo trading, has gained immense popularity. Algo trading utilizes complex algorithms and automated systems to execute trades swiftly and...

53

1

GRASIM : algo demonstration

GRASIM

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

HINDALCO: ALGO SIGNAL DEMONSTRATION

HINDALCO

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

6

3

TITAN: algo signal demonstration

TITAN

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

3

HINDALCO: ALGO SIGNAL DEMONSTRATION

HINDALCO

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

9

INDUSIND BANK : ALGO DEMONSTRATION (FINALLY GAVE EXIT SIGNAL)

INDUSINDBK

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

14

7

INDUSIND BANK : ALGO SIGNAL DEMONSTRATION

INDUSINDBK

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

8

1

BHARTI AIRTEL : ALGO SIGNAL DEMOSTRATION

BHARTIARTL

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

9

5

BANDHAN BANK: ALGO SIGNAL DEMONSTRATION

BANDHANBNK

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

4

PVR: ALGO SIGNAL DEMONSTRATION

PVR

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

1

8

INDUSIND BANK : ALGO SIGNAL DEMONSTRATION

INDUSINDBK

, 60Education

TradingSutra

HOW TO FOLLOW ALGO SIGNAL:Deciding buy/sell1.Strictly use only on 1 hour time frame.2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.Taking a position:3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...

17

4

Algotrading — Education — TradingView — India (2024)

FAQs

Is Tradingview good for algo-trading? ›

Algorithm Development and Backtesting: One of the primary advantages of utilizing Tradingview with Algoji is the ability to develop and backtest algorithmic trading strategies directly within the Tradingview platform.

How many traders use algo-trading in India? ›

Algo-trade has covered up the maximum place in the stock market. In India, the percentage of traders who use algorithms for trading ranges from 50 to 55 per cent. But in other markets, the percentage of algo-trading is around 80–85% of trade.

How difficult is algo-trading? ›

📌 Challenges in Algorithmic Trading

- Technical Complexity: Developing and maintaining algorithms requires strong programming skills. - Data Quality: The quality and accuracy of data used for trading are crucial. - Market Risks: Algorithmic trading can be highly competitive and subject to unexpected market events.

Why doesn't algo-trading work? ›

Lack of Human Judgment: Algorithmic trading relies on mathematical models and historical data, which means that it does not take into account the subjective and qualitative factors that can influence market movements.

Which indicator is best for algo trading? ›

Popular Technical Indicators Used in Algo Trading
  1. Moving Averages. A moving average is the average of the closing prices of a security/asset (index, stock, F&O, etc.) ...
  2. Supertrend. A supertrend is a simple line used to indicate the market trend. ...
  3. Average Directional Index (ADX) ...
  4. Parabolic SAR:
Jul 14, 2024

Which trading platform is best for algorithmic trading? ›

1. Tradetron. Tradetron is an online marketplace where users can create, share, and deploy algo trading strategies. Even if you have limited or no coding experience, you can deploy and track pre-built strategies crafted by others (social trading).

Is algo trading banned by Sebi? ›

Is algo trading banned in India? Yes, as a retail investor, you can take the help of a broker to get access to algo-trading. However, not every brokerage house offers algo-trading services, so you need to do your research thoroughly before you start opening an account with a stockbroker.

What is the salary of Algo Trader in India? ›

Algorithmic Trader salary in India ranges between ₹ 2.5 Lakhs to ₹ 70.0 Lakhs with an average annual salary of ₹ 15.0 Lakhs. Salary estimates are based on 32 latest salaries received from Algorithmic Traders. 1 - 9 years exp. 2 - 4 years exp.

Who is the most successful algo trader? ›

He built mathematical models to beat the market. He is none other than Jim Simons. Even back in the 1980's when computers were not much popular, he was able to develop his own algorithms that can make tremendous returns. From 1988 to till date, not even a single year Renaissance Tech generated negative returns.

Is Python fast enough for algo trading? ›

Python, on the other hand, is an interpreted language, which can be slower compared to compiled languages like C++ and C#. However, with the help of libraries like NumPy and Pandas, Python can still achieve good performance for most algorithmic trading tasks.

Which strategy is best for algo trading? ›

Here are some effective strategies to consider for different goals.
  • Momentum Trading. ...
  • Mean Reversion. ...
  • Index Fund Rebalancing. ...
  • Arbitrage. ...
  • Black Swan Catchers. ...
  • Risk-On/Risk-Off Trading. ...
  • Inverse Volatility Trading. ...
  • 9. News-Based Trading.
Apr 8, 2024

How good is algo trading in India? ›

Now that you have read through the pros and cons of algo-trading, the bottom line is that algo-trading is a very effective method of trading. However, it is heavily dependent on technology and programming skills.

What is the success rate of algorithmic trading? ›

The success rate of algo trading is 97% Once you set the desired trade parameters, the program will do all the work. Bots monitor your trades to ensure you don't reach a loss point, leading to a success rate of up to 97 percent.

Is algo trading legal in India? ›

Is it legal for retail investors to perform algo-trading in India? Yes, algo-trading is completely legal in India, and it does not matter whether you are a retail investor or an institution.

Does TradingView allow automated trading? ›

Although TradingView doesn't support automated trading directly as per their official support solutions, there's a robust workaround for traders: combining TradingView charts with Optimus Flow's free Algo strategy builder.

Is it good to trade through TradingView? ›

Its chart types, drawing tools, and watchlist functionalities have made it a favorite among day traders. All to help traders. Volume profile indicators and server-side alerts add to the functionality. It's about more than just executing trades, it's about having the information, analysis, and tools at your fingertips.

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