Question 1

What is an algorithmic trading bot?

Accepted Answer

An algorithmic trading bot is software that automatically executes buy and sell orders in financial markets based on pre-programmed rules. AlgoEdge Pro offers bots for NIFTY50, BankNIFTY, Forex, MCX and options trading in India.

Question 2

Do your bots work with MT4 and MT5?

Accepted Answer

Yes. We build MQL4 and MQL5 expert advisors (EAs) for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for Forex, XAUUSD gold trading and other international markets.

Question 3

Which Indian brokers do your trading bots support?

Accepted Answer

Our bots support all major Indian brokers including Zerodha (Kite Connect API), Fyers API, Upstox API, Shoonya (Finvasia), XTS API (Symphony), Kotak Neo API, ICICI Direct Breeze API, Angel One SmartAPI, 5paisa and more.

Question 4

Can you build a NIFTY50 options trading bot?

Accepted Answer

Yes. We build custom NIFTY50, BankNIFTY and SENSEX options trading bots including strategies like Iron Condor, Strangle, Straddle, Bull Call Spread, Bear Put Spread, and momentum-based directional strategies with auto stop-loss and target.

Question 5

What is XAUUSD trading bot?

Accepted Answer

XAUUSD is the symbol for Gold vs US Dollar in Forex markets. Our XAUUSD trading bots run on MT4/MT5 platforms and use strategies like trend-following, scalping, and news-based trading to automate gold trading 24/7.

Question 6

Can you automate options trading strategies like Iron Condor or Strangle?

Accepted Answer

Yes. We automate all major options trading strategies including Iron Condor, Iron Butterfly, Strangle, Straddle, Bull Call Spread, Bear Put Spread, Covered Call, Calendar Spread and custom delta-neutral strategies for NIFTY50 and BankNIFTY.

Question 7

How does Zerodha algo trading work?

Accepted Answer

Zerodha algo trading uses the Kite Connect API to place orders automatically. Our bots connect to your Zerodha account via the API and execute trades based on signals from your strategy without any manual intervention.

Question 8

What is XTS API and Shoonya API trading?

Accepted Answer

XTS API (by Symphony Fintech) powers brokers like IIFL, Motilal Oswal and others. Shoonya is Finvasia's zero-brokerage platform. We build automated trading bots for both these APIs for equity, F&O and commodity trading.

Question 9

Can I get a custom trading bot built for my own strategy?

Accepted Answer

Absolutely. Click the 'Automate your own strategy' button on our website to submit your strategy details including broker, budget, timeline and description. Our team will review and provide a custom quote.

Question 10

Is algo trading legal in India?

Accepted Answer

Yes. Algorithmic trading is legal in India. Retail algo trading via broker APIs is permitted by SEBI. Our bots use official broker-provided APIs and comply with all SEBI regulations for automated trading.

Question 11

How much does an algo trading bot cost in India?

Accepted Answer

AlgoEdge Pro bots start from ₹7,999 for utility tools and range up to ₹24,999 for complete copy trading systems. Custom bots built to your specifications are also available with pricing based on complexity.

Question 12

What is MQL5 and how is it used for trading bots?

Accepted Answer

MQL5 is the programming language used to write Expert Advisors (EAs) for MetaTrader 5. It allows automation of trading strategies on Forex, commodities and indices. We write MQL5 EAs for strategies like XAUUSD scalping, Forex trend-following and news trading.

Trading systems