I’m currently running three different strategies across three separate brokers. It would be great if a broker offered the option to create multiple sub-accounts under the same user, each with its own API key and secret, within a single account. This helps to run different strategies in diff sub-accounts and monitor. Does anyone know if any Indian brokers provide this feature? @nithin, any plans to implement this?
I don’t know of anyone who offers that.
By the way, would you also want the P&L(and everything console) divided among the three sub-accounts?
Kite Connect allows you to create as many API keys as you may need today. Every order from each API key can be kept tagged. You’ll need to keep track of post-trade analytics on your end, but other than that largely already possible.
A trader always wants to review the performance of each strategy at the end of the day. To facilitate this, it’s helpful to have some segregation. As a first step, you can combine the results and display them as a single user, but there should also be an option to segregate the data by subaccount for later analytics. Same way we categorized family account, we can also have a sub-account under “personal”
Could you clarify what you mean by “tagged”? Does the Kite API currently provide a parameter to tag a strategy? Please let me know, as I’m not aware of such a feature.
I thought tagging is deprecated for orders
Kite Connect still accepts the tag
param on orders.
Waw.
You mean, we can place more than 10 orders/second if 3-4 Kite API Apps are created?
Not sure where you got that from my response.
That’s why, there was a question mark in my comment.
While this is theoretically possible, your activity will still get flagged, and you may have to justify what you’re doing in this case, for now. Also, no guarantee this will always be possible.