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API Set-Up Guide: Step-1: Login to Upstox Developer: https://developer.upstox.com/#/login Step-2: Click on ‘Create New App’ and then select ‘API Trading’ Fill up the form as follows: App name: ‘Anything’ Redirect Url: https://upstox.com/ Postback Url: https://127.0.0.1 Subscribe to ‘Interactive API’ at Rs.885 per month Note down the ‘API Key’ and  ‘API Secret’ displayed Step-3: Launch Purple Trades Application On top menu bar, click on ‘Tools/Application Settings’...
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Installation Kit: Application .exe Files Required: Ami Broker 5.5 Data feed for Amibroker (True Data, AmiFeed etc) Purple Trades Scripts Required: FuturesWatchList.tls BootCampScan.afl Algojil.dll Set-Up Instructions: Step-1: Install AmiBroker 5.5 application Copy and Paste the Algoji.dll file in (Local Disk/Program Files/AmiBroker/Plugins) Step-2: Set up your data feed into AmiBroker If you are using ‘AMIFEED’, here is the process Install AmiFeed application Make sure the following...
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ALGO TRADING BY PURPLE TRADES – FAQs What is ALGO Trading? Algorithmic trading (automated trading, black-box trading or simply algo-trading) is the process of using computers programed to follow a defined set of instructions (an algorithm) for placing a trade in order to generate profits at a speed and frequency that is impossible for a human trader. The defined sets of rules are based on timing, price, quantity or any mathematical model. Why...
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On this auspicious day of Diwali we would like to wish everyone a very Happy and safe Diwali. Here in PURPLE TRADES we believe in burning the evil practices that we’ve incorporated inside us. So let us help you burn your evil part as well. Following are 7 reasons why you might be making losses in the market-   1. Not Using Stop Loss- A stop loss...
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Hi, I have actually never tried anything like that, but I keep getting the same question again and again. Not necessarily everytime top-gainer and top looser will continue to move as such the entire day, many times the move can be exact opposite also and can cause you heavy losses. Here are few simple steps to identify if the top gainer/loser will sustain as such...
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To be a master in Option trading, one needs to understand few terms associated with it. Its no surprise that 70% of Indian traders trade only in option because of its amazing returns and very small capital requirements. I also love options and my 90% of trades are only in options. If you are trading in Indian market, then trust me options is the best...
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Difference between Technical analysis and Fundamental analysis. Fundamental analysis : Basically, this study is to analyse stocks for investing purpose. To invest in any stock , one needs study it deeply, Fundamental analysis covers all the ratios and sheets used in checking the background of a stock and to understand if the stock is under valued or over valued. All ratios like P/E ratio, EPS, YTM, Dividend ratio, balance sheet etc...
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In the fast moving world, every one aspires to make money quickly and want to be a pro day trader. With the technology upgrading every day, day trading is possible on your fingertips. And the good news is, it is pretty much possible to be a disciplined and profitable day trader. Firstly, For a day trader, fundamentals of a company are of no use, so...
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Not everyone can master everything. Well, some are good at intraday, others are good in swing trades and rest make money in investment. It is very important to understand which style suits you the most and with which style you are more compatible with. But before that, do check whether the analysis you do on stock, is it really working? Are the stocks or index...
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This is one big question which almost every amateur traders, who are very new to stock world, and cant hold nerves of the market. I would say, entering in this field without knowledge or only a bit of knowledge is very very risky, it can wipe out your hard earned money in no time. A trader becomes pro only when he/she knows all the techniques...
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