FAQ on Algo Trading and Automation

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Some AFL has special entry and exit criteria which doesn’t work in Amibroker Scan and doesn’t yield the correct result. If your entry in on next candle based on the closing of the previous candle, chances are that amibroker cannot understand and it might give false signals.

This would be more clear with the following example:

Consider we have multi-super trend strategy, where entry and exit is generated on the close of the candle where supertrend gives reversal.

The strategy appears on amibroker this way:

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You can see here 3 supertrend lines, when all cross together, it generates buy or sell signal at the close of the candle where the crossover takes place, now this type of entry is called Delayed entry on candle close, so normal scan may give you result on historical data.

But when we run on the latest data it shows zero results because we are scanning it on live data, but the strategy has Delayed entry on candle close,

To solve this problem, simply add our extended code at the end of your AFL, then in parameters a new option of delayed signal would be visible, click on it and select Candle close and apply it and run the scan, your AFL will now give you live signal results.

ALGO-Trading platforms are available all across the internet that allows an individual trader to access the benefits of ALGO-Trading. Most of the platforms available across the internet allows the traders to use their ALGO-Trading system but the major problem with those systems is that they are not flexible and do not allow the traders to make major changes in the algorithm and some of them only allow a trader to access the pre-defined algorithms set by those platforms. If you want to implement your own strategies from the go and want a personalized ALGO-Trading platform then call us at +91-636-192-2946 or visit our website www.purpletrades.com

There is only one step that you need to follow to start ALGO-Trading in India. Just give us a call at +91-636-192-2946. Here in Purple Trades we help you set up your own ALGO-Trading system with the help of our software. You just need to open the software and enter your credentials. After this click on “start trading” and let the software take trades on your behalf based on either your strategy or our own trusted strategy. Visit our website www.purpletrades.com for more information.

Although it hasn’t been proven anywhere that ALGO-Trading is superior than manual trading but obviously Automating our trades give us a much higher advantage than the average trader. Let us look at some advantages that an ALGO-Trader has over an average manual trader-

  • ALGO-Trading systems do not procrastinate for putting a stop loss whereas humans have the tendency to move the stop loss if the trade is not going in their favor. Machines unapologetically cut losses.
  • ALGO-Trading system has the ability to take trades at a high frequency. The ALGO-Trading software provided at Purple Trades possesses the ability to punch almost 40 trades a minute.
  • It becomes a tedious task sitting at one place for 6 hours and looking at the terminal for trades. On the other hand machines do not get tired and work at the same speed throughout the day.
  • Monitoring all the stocks listed on the NSE is next to impossible for an average trader, ALGO-Trading allows the user to take multiple trades across all the sectors by carefully implementing strategies.

Automate your trades, sit back and relax. Let our software PurpleTrades take the trades based on your strategies or based on our own trusted strategies. For more info visit our website www.purpletrades.com or give us a call on +91-636-192-2946.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

If you already have a Demat account, you can open one more account with us to get this course free. Don't worry an Individual can have any number of trading accounnt.

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