Is the algo only available for Nifty and Bank Nifty Options Trading ?
Yes, The Algo is only available for Nifty and Bank Nifty Options trading because the Liquidity in the Index Options is very good as compared to Stock options
Do I need to enter only one strategy at a time?
Not Necessarily, You can enter at 2 strategies at the same time within the same broker account
Answers to your your general doubts and queries
Are there any Monthly charges or Recurring charges for Algo ?
No, for all our algos there is a one time payment and you are the owner for the algos forever
Can the Algos be executed on only Alice Blue Broker Accounts ?
Yes, In the first phase we have launched algos which are supporting only Alice Blue Account holders, Very soon we will be launching Algos for Zerodha Account holders
Do I have to keep Fixed Stop Loss everyday ?
Yes, You have to keep fixed stoploss everyday this way it will be easy to study, backtest and forwardtest your strategy.
Do I need to Enter the positions everyday ?
Yes, In order to generate Maximum Returns for the said strategy one has to execute the algos on daily basis with Discipline. Without any fear in Mind, Remember Usage of Algos help you to avoid Emotions and maintain strict Discipline
Do I need to enter my Login Details along with API everyday ?
No, you have to do this only for the first time, after the first time, your login credentials will be saved to a file locally on your PC/Laptop and from next time onwards your login details will be fetched from that file.
Do I need to Install Python or any other software for Algos ?
No, We are giving you full packaged executables files, with one click you will be able to place orders. No need to install any other programs, application or softwares.
What are the charges for API ?
Currently Alice Blue is offering APIs free of cost, and Zerodha API charges are Rs 2000/- per month
What to do if Algo Stops or I close it by Mistake?
In this case, you have to manage your positions manually from Brokers Web based platform or Mobile app
What to do if I am facing loss on a particular day ?
Nothing, you have to wait and follow rules, Either your individual legs Stoploss orders will hit or your MTM Stop loss will hit.