List of Top 5 Algo Trading Software Apps

With umpteen benefits an algo trading software provides, you must never be hesitant to know about the features led by the market players of Algo Trading.

Here are the list of top 5 best trading software apps that can  provide you with high returns on your investments. They are

1. Zerodha Streak,
2. Zerodha Algoz,
3. Algotrader,
4. Robotrade, and
5. Rototrader.

1. Zerodha Streak App:

Are you wondering about a good algorithm platform? Then in India, Zerodha Streak is the best, as per the stock market analysts.

1. It is highly recommendable for investors so if you want to make high profits then make an immediate entry into Zerodha Streak.
2. You can benefit from its features like it possesses good technical insight, and holds precise back testing tools. At the same time, you must conduct proper validation and it would enable you to handle the risks effortlessly.
3. In algorithm trading, a computer utilizes a preset instructions and executes trades and speeds of operations tend to show making of money quicker than manual trading.

2. Zerodha Algoz:

Zerodha Algoz is a wonderful app designed and launched in 2013 where millions have subscribed to it and the  current, the updated features provide a great friendly insight.

1. It is user friendly software that generates charting to deduce profitable strategy. You can obtain display charts depending on the predefined time frames, such as 1-minute, 5-minute, 1-hour, and you can have access to charts up-to 3 years to examine the intra-trading activities.
2. You will be exposed to huge historical data that can be utilized for backtesting with generation next tools, in addition, you have the provision to back test, write, partly, or automate the

Merits:

1. You can experience perfect strategy through technical analysis tools. You can back test by the analysis of various trading styles.
2. You can utilise the partial or total automation of trading methods that are employed.
3. You will receive complete technical support through their Customer care department.

Demerits:

1. You will need to have a knowledge of coding skills, you can apply for free editions but you will find a limitation as the trades are partially automated.
2. You ( trader) can automate the process but you will require a dealer’s terminal service. It is not considered to be user friendly.

  3. Algotrader

1. Currently, Algo trader, a swiss company is widely spread among Indian stock market traders and now it runs the updated 4.0 edition.
2. You can find the merits and demerits of Algo traders when put to use, and here are some of the merits listed below.

Merits:

1. Algo Traders deploys a quick Esper Engine that can create 5 million events per second with greater accuracy and precision.
2. The company has installed big data processing capabilities that can even handle high frequency trading and it is recognized by the institutional deals as it profits them.
3. The software is simple to install and provides an easy self learning kit through manual/online training.
4. The company makes use of modern technology, affordable, and uses most contemporary and reliable software.

Demerits:

1. Conducting a huge number of events per second and high market volatility can cause high losses.
2. The operational system of the software may need manual intervention though it is an automated system. It doesn’t employ chart analysis and the intra trading patterns may widen the bid-ask spread.
3. When the software does higher market integration, the technical malfunctions, an outcome, are bound to incur the losses.

4. Robotrade Algo Trading App:

Investors are fast relying on Robotrade, one of the most sophisticated and automated trading systems. The product is featured with real-time data, it also automates the investor’s stop loss. You can handle manually or conduct automatic trading. The order of execution will be sub-1 second, and it provides features that enable you in  testing your strategies and the software utilises AI  robotics. It provides an access to charting when executed, can provide a profitable strategy and also issues good technical insights. You can make use of multiple charts and templates simultaneously. The Robotrade supports National Stock Exchange, Bombay Stock Exchange, MCX, and F&O

Merits:

1. You can derive real-time information, and you can also opt for either manual trading or automated trading.
2. The Robotrade software provides a success rate of 95 percent and it will fulfil a swift order.

Demerit:

1. The product doesn’t support mediocre client service.

5. Robotrader:

1. Robotrader is a free algo trading software and provides services to traders, technical analysts, and investors. They do cover the business needs of small, medium and high profile clients and hence, led to gain popularity in a short time.
2. The Robotrader is equipped with many fascinating features that have made it highly attractive. The software can handle many scripts at a time, if a trader finds it unimpressive with the analysis, you can close the traders manually. You can opt for multiple stop loss options, and you can have better analysis through the technical insights with supportive charting software. You can be involved in reverse trading as well. You can opt for numerous orders and it is made possible through buy/sell index signals.
3. You( trader) can set daily profit/loss limits, adopt quant trading methods, and the software provides multi-user plug in, and most importantly you can have direct access to cloud technology hence you need not download the analytics.

Merits:

1. You are provided with the feature that allows you to participate in free reverse trading. You are allowed to set upper limits for daily risks and also your desired profit percentages.
2. The software features drag-and-drop strategy combinations by avoiding scripting. You shall be supported with trader friendly alternatives as well.

Demerits:

1. You shall be provided access to free trading but it is limited in form. You will need to have analytical and programming skills to utilise the software tool effectively.