The current buzzword in the trading world is “Automated Trading.” Traders are increasingly seeking ways to minimize manual involvement in trading, particularly when employing high-frequency strategies. This approach makes perfect sense because many trading losses result from the emotions that can influence trading decisions. Traders often take profits prematurely and allow losses to escalate, adversely affecting their risk-reward ratio, and potentially wiping out their accounts. Automated or semi-automated trading eliminates emotional factors from trading decisions by executing orders directly when your strategy generates signals. In this article, we will explore some of the popular Auto Trading Software and Plugins available in India, which will be listed in the following section. Please exercise caution when considering the use of any of these software products for real trading. However, you can always try their paper trading versions.
Before diving into Auto Trading, we recommend reading our article on Algorithmic Trading to understand the distinctions between Algorithmic and Auto Trading:
Symphony Presto stands out as one of the most popular and reliable Auto Trading products available in India. Presto ATS offers a comprehensive platform for designing, testing, deploying, executing, and monitoring fully automated trading algorithms across various asset classes available on Indian Exchanges. Presto equips you with a framework to deploy algorithms with real-time market data and direct market access (DMA). While the subscription cost for this product is slightly on the higher side, it’s well worth considering due to the rich set of features it offers. Symphony Presto can seamlessly place your orders from Amibroker or Excel directly to your trading terminal. To enjoy the benefits of Auto Trading with Symphony Presto, you’ll need to open an account with CompositeEdge broker. However, they offer a month of paper trading without requiring an account opening. Be sure to check their website for demos and subscription costs.
RCRT Robo offers a plugin that can automatically execute orders from Amibroker to your trading terminal. This plugin operates using Windows automation and can be installed in the cloud to avoid network interruptions. To use it, you’ll need to schedule automatic analysis in Amibroker, which will send Buy/Sell signals to your terminal. You can also define target prices, stop-loss levels, and cumulative targets for the day. The software allows for auto trading based on embedded signals, complete with performance reports. You can contact the website owner for a paid trial. The good news is that they offer indefinite paper trading until you’re comfortable with the software.
Website: http://rcrtrobo.com/ (Please note that the website appears to be offline)
VBIZ offers a similar software solution to RCRT Robo but also provides pre-made trading strategies that you can automate. They have a responsive sales and support team ready to address your inquiries. Additionally, they have a broking partner that offers unlimited trading for as low as 999 Rupees per month. Their Robo trading software comes in PC and RDP editions.
Zerodha Pi is a widely popular tool in India that can also be automated. Zerodha offers an Amibroker to Pi plugin that can send orders from Amibroker to your Pi terminal. However, these orders are semi-automatic and require some manual intervention. Full automation is possible if you get your strategy approved by the exchange and have a dealer terminal. Pi itself serves as a comprehensive technical analysis software to assist in your trading decisions.
ROBOTRADER appears to be a reseller of VBIZ but offers additional services like AFL writing assistance.
Here are a few more auto trade vendors we’ve come across: