What is Algo Trading?

Algorithmic Trading, also known as Algo Trading , refers to the use of computer algorithms to execute trading strategies in financial markets. Instead of human traders making manual decisions, algorithmic trading relies on pre-programmed instructions to automatically place trades based on predefined criteria, such as price, volume, or other market indicators.

Imagine having a smart computer program that works non-stop to buy and sell stocks quickly and accurately. This innovative approach removes the influence of emotions and makes decisions based on logic. It's like having a trustworthy assistant who works 24/7, keeping an eye on the markets, managing risks, and making sure everything runs smoothly.

Why is algo trading preferred by traders?

Why is algo trading preferred by traders?

High accuracy and Speed

Algo trading executes orders faster and more frequently than humans, enabling real-time capitalization on market opportunities.

Minimizes Emotions

Execute trades free from emotions, ensuring optimal profit-taking and effective loss-cutting decisions.

Consistency and Discipline

It ensures consistency in executing trading strategies, as decisions are based on predefined rules, that are free from human emotions or biases.

Reduced Transactional Costs

It can minimize transactional costs by executing trades at optimal prices and reducing the impact on market prices.

Portfolio and Risk Management

Finely tune your risk management by using algorithms  to implement stops and limits on your behalf.

Backtested Strategies

It allows for testing strategies using historical data to assess their viability before applying them in live markets.

Real-time Monitoring and Customization

Traders can monitor live market data and make real-time adjustments to algorithms, allowing for customization and adaptation to changing market conditions.

Our Live Algo Trading Strategies

  • Nifty Trend Rider (Long Option)
  • Swastika Banknifty Option Buying-1
  • Swastika Banknifty Option Writing-1
  • Swastika Intraday Cash Momentum Trade
  • Swastika Intraday Cash Morning Trade

How We Do Algo Trading with utrade algos?

Curious to know how to start Algo Trading using uTrade algos? Here are the steps to follow:

  1. Signup and Login to uTrade algos.
  2. Go to strategies market place.
  3. Click on subscribe.
  4. Go to My Strategies page and find the above strategy under Strategy.
  5. Click on Deploy. Choose the default settings of Paper Trading and TT Paper Trading as a stock market broker (This broker has been added as a default when you sign up)
  6. To track the strategy on the Deployed page. If it shows active, it means it’s working well. During the Indian Exchange market house (9.15 am to 3.30 pm India time), this strategy will take some positions in Nifty Options.

How do you get started

1

OPEN AN ACCOUNT

All it takes is 15 min, your PAN card, Aadhar card and bank statement.

Steps

2

ADD FUND TO YOUR ACCOUNT

Add money to your trading wallet and withdraw anytime.

Steps

3

LOGIN TO YOUR TRADING ACCOUNT

Login to your trading account through web app, mobile app, or desktop app.

Get insights on Stock Market trends

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FAQs

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