There are lots of algo software available in India, have any one come across the best Algo service provider? Please list
I started using next algo since 1st July-24 and found reasonable for consistency as there is limited loss and limited profit. 1st week result is 70% profit trade. I will share weekly performance.
Hey gaurav,
Can you share any update on the profits.
I am using Divine and Brightextech and not getting much out of it.
It will be best if you can share which plan you took and the capital you are using.
Hi Gaurav,
Could you please details of Algo.
what are they
Algorithmic (algo) trading software is a set of computer instructions (algorithms) that analyse market data and execute trades automatically without human intervention. It’s like having a super-smart trader working for you 24/7, without taking any breaks!
These trading algorithms, created by traders or quantitative analysts, identify profitable trading opportunities in the market based on specific rules and criteria. These criteria mostly include price, timing, and quantity instructions. When all conditions in the algorithm are met, trades are seamlessly executed in your trading account/platform.
At its core, algorithmic trading software consists of:
Capturing real-time price and other market information
Quantitative models that analyse the data to identify trading signals
Automated order execution systems to open and manage trades
Risk management systems to control the size of each trade and limit losses
All trading algorithms use rules-based logic and advanced mathematical models to make split-second trading decisions. Thus, human emotion and error are eliminated in your trading journey! Trades are placed automatically once the software recognises the right market conditions, rather than a person having to click a buy or sell button manually.