Amibroker Auto Trading- Complete Software List - AlgoJi

Note: This article is outdated.

There are many solutions in India for Amibroker auto trading. This is because Amibroker is the most widely popular software and allows easy integration with other platforms. Automated trading from Amibroker can be done via:

Presto Fust AB (most advanced)

Strengths:

  • Allows both limit and market orders for trading
  • Automatic modification and cancellation of pending limit orders
  • Automatic order slicing
  • Setting limit for Humongous Loss (sum of both realized and unrealized MTM)
  • Setting Limit for Humongous Profit
  • Customizing Stop Loss, Profit Target, Trailing Stoploss, Start/End Time
  • Multiple profit targets
  • Execution strategy is deployed at broker’s server

Weakness:

  • Available only through CTCL (sub-brokers)
  • Too heavy platform, requires a VPS
  • Requires third-party Amibroker datafeed

MasterTrader v3.0

Strengths:

  • Setting up Stoploss, Target, Max Net quantity for each trade
  • Good quality in-built Amibroker datafeed
  • Automatic order modification and cancellation (only pre-defined)
  • Automatic Order Slicing
  • Stable software- works ok on a normal computer
  • Execution strategy is deployed at broker’s server
  • Cheaply priced

Weakness:

  • Any customization in execution is not possible
  • Not possible to setup stoploss scrip-wise or strategy-wise
  • Lacks trailing stop-loss and multiple profit targets
  • Does not allows to place simple limit order or market order
  • Broker dependent- MasterTrust Ltd

Nest Plus API (basic and most cheap)

Strengths:

  • Cheaply priced

Weakness:

  • Cannot modify/cancel or retrieve status of an order from AFL
  • Bare minimal functionality

Pi Trader

Strengths:

  • Available for free
  • Inbuilt amibroker datafeed

Weakness:

  • Not a stable platform
  • Broker dependent- Zerodha
  • Bare minimal functionality

TradeTiger – Amibroker Bridge

Currently in beta version

Macros

For details refer: Automated Trading Software for NSE/MCX/BSE/NCDEX (Broker Independent)

Strengths:

  • Zero costs
  • Broker-independent

Weakness:

  • Bare minimal functionality

Automated Emails

For details refer: Full-automatic Trading for Retail in NSE and MCX

Strengths:

  • Zero costs
  • Broker-independent

Weakness:

  • Bare minimal functionality