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Best Algo Trading Software in India 2023

10 Apr 2024


Technological advancements have made stock trading more accessible and more accurate. The use of Artificial Intelligence (AI) allows you to make highly accurate market predictions and take trading positions accordingly. This, in turn, helps you maximise your profits and reduce the chances of incurring losses.

Algo trading is a technique that allows you to make trading decisions based on pre-programmed computer algorithms. It enables faster execution of trades and eliminates the need for constant market monitoring. You can automate your trades by adding stop losses and targets based on real-time market speculations.

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Best algo trading platforms in India

After its widespread use, the Securities and Exchange Board of India (SEBI) in 2022 declared that stockbrokers allowing algo trading in India would require a new regulatory structure. Thus, a thorough understanding of India's best algo trading software is crucial.

Below are the top six algo trading platforms in India you can consider:

  • Zerodha Streak

Zerodha Streak is one of the best algo trading software in India. It has a user-friendly interface through which you can execute automated trades without any coding knowledge.

  • The benefits of Zerodha streak include:
  • Easy to navigate, user-friendly interface
  • Nominal brokerage charge of Rs. 20 per transaction
  • Access to more than 70 technical indicators
  • Real-time market scanners for selecting stocks based on custom conditions
  • Backtesting engines for viewing performance metrics of stocks
  • Strategy optimisation techniques to create 1 million unique strategies with various combinations
  • Algo Trader

Algo Trader is one of the oldest algo trading software. It has a presence in several countries around the world, including India. This algo trading platform of a Swiss company was first introduced in 2009 with versions 2.2 and 2.3. Since then, comprehensive editions have been made available in successions to ensure an enhanced trading experience.

The advantages of Algo Trader include:

  • A range of charts and indicators for accurate market predictions
  • Access to quick asper engine for high-precision trading
  • Extensive data processing capabilities enable high-frequency trading
  • Comprehensive assistance with online training post-installation
  • One of the most affordable algorithmic trading platforms
  • Option to trade in cryptocurrencies
  • Use of modern technology with 200% back-test acceleration potential
  • Robo Trader

Robo trader is brand-new algo trading software recently made available to investors in India. It is one of the most popular algo trading platforms owing to its user-friendly interface and the availability of extensive tools.

The top features of Robo Trader include:

  • Naked options trading strategy for automated identification and execution of options trading opportunities in underlying stocks
  • Scalper propulsion strategy for generating quick profits from short-term price movements
  • Allows you to use multiple strategies simultaneously for effective risk management
  • Advanced analytics and real-time data analysis tools to help you make informed trading decisions
  • Maximise your profits with the help of automated trailing stop-loss
  • An option to shift between automated and manual trading
  • Meta Trader

Meta Trader is another highly popular algo trading software in India. It offers some powerful features and is suitable for rookie as well as experienced traders. With the support of Expert Advisors (EA), you can engage in automated trading based on pre-determined algorithms.

The top benefits of using Meta Trader include:

  • A user-friendly interface with diverse tools and indicators for a rich trading experience
  • Expert Advisors to guide you on accurate entry and exit points
  • Advanced charting and analytical tools to help you make informed trading decisions
  • MT4 and MT5 versions allow trading in forex, stocks, commodities, and cryptocurrencies
  • Extensive back-testing capabilities with strategy optimisation tools
  • ACE FundTech

ACE FundTech is the algo trading facility offered by one of the most popular stockbrokers in India – Motilal Oswal. It allows you to invest in pre-defined equity portfolios with deep-rooted fundamentals. It helps in automatic investment in companies with the best financials while also considering technical evaluation.

The primary features of ACE FundTech include:

  • Diligent stock picking based on financial data and technical analysis
  • Allows you to create a well-diversified portfolio through automation
  • You can review your portfolio in real-time
  • 24 X 7 portfolio tracking facility
  • Superior returns as compared to index performance
  • You can start with a minimum investment of Rs. 1 lakh

To Conclude

These are the best algo trading software in India. You can use them for automated intraday and derivatives trading with high accuracy. Algo trading platforms deploy high-level algorithms to execute trades based on real-time data analysis and market speculations. However, before using them, you must be well-versed with their functioning and features.


Related Articles:  Longterm Investments in Stocks | Cracking the Code of Vijay Kedias Investment Brilliance | What is the difference between AI trading and Algo trading


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