Algorithmic trading, also known as algo trading, is the use of computer programs to execute trades automatically, based on pre-set criteria such as price, volume, and timing. With the advancement of technology, algorithmic trading has become increasingly popular among retail traders as it offers a range of benefits such as speed, accuracy, and the ability to analyze large amounts of data. In this article, we will discuss how to set up a free algo trading system using TradingView and two Indian brokers, Kotak Securities and Shoonya.
TradingView is a popular charting platform used by millions of traders around the world. It offers a wide range of features including technical analysis tools, charting capabilities, and the ability to create custom indicators and trading strategies. Kotak Securities and Shoonya are two brokers in India that offer free API access for algo trading.
The first step to setting up a free algo trading system is to create a TradingView account. Once you have signed up, you can start creating custom indicators and trading strategies. TradingView offers a Pine Editor, which is a powerful tool that allows you to write your own scripts using Pine Script programming language. Pine Script is easy to learn, and there are many online resources available to help you get started.
Once you have created your custom indicators and trading strategies in TradingView, you need to connect
In conclusion, setting up a free algo trading system using TradingView and Kotak Securities or Shoonya is a great way for retail traders to take advantage of the benefits of algorithmic trading. With the right tools and resources, anyone can learn how to create and execute profitable trading strategies using these platforms.