A number of algo execution platforms are coming up with a lot of features like multi broker support, fast execution, Failover features like renter order on failure, close order on skip, check internet connection down, telegram updates of order etc It is difficult for an individual trader even if he can code to have and maintain something so well.
On the other side we have also had scams like hacking of rediffmail accounts and the moving money out of accounts through penny stocks. This can be avoided. But illiquid options route may be used
Are these providers safe to use. #zerodha your opinion please
I wish to add platforms where users will trade his own strategy and not use a PMS provider algo service.
Can’t make a qualified judgement but I personally don’t trust them, I am the paranoid kind. And doing it my way gives me more flexibility and security.
Yes that will be good but time taken to code a new feature, test and get them live can take a pretty long time. Also there can be corner case coding issues that will need to be rectified and it will come while using it live. Would be very desirable to have a reliable algo platform where a trader can focus on strategies
Yes, ofcourse - if the algo platforms can execute the strategies that you need, then it is obviously convenient.
But frankly whatever they provide can easily be developed by a half-decent programmer. Maybe you can start with them and with time try and develop your own.
Doing it your way gives you more options and security (perceived or real)
Complete automation of trades though algo is a regulatory grey area. You can create your own algorithm to generate buy/sell signals, whereas the orders have to be manually placed from your end.
You can read more about the algo platforms in this Z-Connect article.
Yeah access token from login process is valid for 1 day. In case one wants to stop it one can revoke api from kite and api wont be available. The third party wont have our user name password and totp. they will have the access token after login. In a sense they dont have access to kite but can do what api offers ordering/ checking positions balance for the day
You’ll have to give them access to your account, Better to build custom algos and run it yourself, It’s more secure and you’ll have more control over things.
i think u can do it through your own broker, many algos like squareoff have tied up with few brokers. so safety will not be a problem.
but whether these algos r really profitable , i dont know.
AlgoTest - reliable than Quantman.
They do have customer support on Telegram.
Quantman: just HYPE. subscription fee is 35K/ year, whether you use it or not.
they are FRAUD.
They do NOT have dedicated customer support.
when you contact email support - They ask you, to connect on WhatsApp
when you contact WhatsApp support - They ask you, to connect on email.
We never get genuine help.
