Zerodha Automated Trading via Pi Trader NeoBridge
Note: This article is now obsolete
Zerodha automated trading is one of the most popular retail auto trading facility in India. This is primarily because of of Zerodha’s strong online marketing to the internet savvy Indian public.
Contents
Pi Bridge vs NeoBridge
Zerodha’s flagship product- Pi Trader- can be used to easily automate chart-based strategies using the Pi Bridge. For primary details about Pi Bridge, please refer: https://tradelab.in/blog/pi-bridge/158
However, please note a better alternative- the NeoBridge offered by NeoTrade Analytics. The NeoBridge has following advantange over Pi Bridge:
- It is more stable than Pi Bridge in terms of connectivity and order submission
- NeoTrade analytics offer far supoerior quality datafeed than Pi Trader
- NeoBridge has intelligence to stop consecutive executive of buy/sell orders even if they are triggered by a faulty AFL.
- It has a swing mode for auto-reversal of positions
- NeoBridge documentation can be found here: https://www.neotradeanalytics.com/blog/2015/11/23/neobridge-setup-documentation/
Limitations of Default NeoBridge AFL
The default auto trading AFL provided by NeoTrade Anlytics is only a basic code. You cannot use it to customize buy/sell price, chart button based buy/sell, or selecting bullish/bearish trades.
Advanced AFL for NeoBridge
- You can predefine your quantity of Buy/Sell in the parameters
- You Can Enter your Client ID in the Parameters
- You can select the Buy/Sell Price from Ask price, Bid price or LTP.
- Option for Enabling Actual Trading (If Disabled, No Signals will go to NOW/NEST, But chart will generate signals.) This can be used for testing.
- Selecting the Buy/Sell as Intraday or Delivery.
- Selecting Order Type as Limit/ market
- Short/Cover is included. You can add strategy and manual trade also is possible
- It saves all Buy/Sell & Short/Cover trades in memory and plotted until its cleared.
- Option for selecting type of trade. ie Long,Short or Together. Long trade will only starts with a buy signal and Short Trade will Only start with Short Signal. Sell and Cover signals will only appear after buy and short signals.
- Separate display for Buy, Sell, Short and Cover Traders for clarity.
- KeyBoard Shortcut for Buttons.
Buy → Numpad 7
Sell → Numpad 8
Short → Numpad 4
Cover → Numpad 5
Clear → Numpad 0
Download AlgoJi Advanced AFL for NeoBridge
Click here to download the AFL code for Zerodha Automated Trading via Pi Trader NeoBridge
mahesh kumawat
please share your contact number.
mahesh kumawat
indore
mahesh kumawat
How to use Zerodha Pi Bridge.
Chintan
Hello Friends,
Let me explain you how we choose the best stocks for intraday trading. We use all the technical indicators which gives us a strong BUY or strong SELL Signals. Based on that we take the positions in morning at 9.15 as soon as the market opens.
How it is Automated Trading?
We have designed the strategy in such a way that stocks are automatically linked to the Zerodha Kite Login So, once you click on Place order all the orders are automatically placed in your zerodha account.
Is SL/Target Automatically Placed?
Yes, along with a buy or Sell order a SL/Target order is also automatically placed.
When to Square off?
The System will automatically square off for you.
Why it is required to login with Facebook?
We need to login with Facebook so we can keep track of who has logged in and how much margin has to be allocated for each stock to trade with. Every person will have different margin in their account.
Is Zerodha account required for auto trading?
Yes, It is mandatory to have zerodha account for auto trading or you can copy the signals from here and manually trade in your own brokers account.
Step 4: You can automatically see all the orders in Kite Order book.
Step 5: Manually square off when whenever you want or just do it before 3.20 to save on extra charge by zerodha.
What type of orders will be placed?
Only intraday BO Orders will be placed.
How much profits we can get per day?
We can get around 1% to 3% per day profits. This figure can be variable every day. We try to see in the worst was we don’t enter in negative percentage per day.