how to do fully automated trading?is trading robots are trustable?
Hi Biju,
Robo Trades are not authorized by neither exchanges nor Brokers.
They are based on Windows GUI and general scripting.
They are not reliable as they do not use any API to Place Orders
If u want to run your strategy on Fully automatic, then U need reliable API to connect Exchange.
So that you system will work without any error.
Any small error may result in Huge loss.
Just think, what Happen if ur stoploss is not placed by RoboTrade for your open Position which is in heavy loss, even though U get Stoploss signals in your Charting Software.If the day is bad and Nifty goes bottom,Ur entire capital may wipe out.
So Wait,Zerodha is coming up with Fully Automatic trade for Retail Traders…Hope We will get it soon…Until Then U have to Semi Automatic.
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How long we have to wait? I am waiting for the last 2 yrs exactly from may 2013,and it is nowhere even now.charts are not working,back tests are full of errors,I think too many experts and features are spoiling the software.I think this will take another 5 years to launch.
Very sorry to say, poor performance by Nithin and team.
thanks choks,
zerodha PI fully automatic with amibroker?