Hello DPL
We are interested in trading in NSE Options. We have strategy coded in AFL and it relies on NIFTY Futures data to trade in any one of the element NIFTY option chain.
Strategy is backtested with encouraging results and now we are looking to (a) run it under simulation and (b) run it live. In first month, we intend to do only
1 lot per trade. At a later date, strategy will itself work out the quantity.
May I therefore see what are exact features that you provide for Algo trading.
Let me explain certain things first.
To make your algos profitable co location server is a must and it costs appx 25000/month. We can provide you co-location server at a discounted price of 16000/month. But we do not recommend algos, if total investment/trading capital is below 20 lakhs as strategies can't be profitable with lower margin.
Have some third party software called robo trade costing appx 2000/month. You can try that for trial purpose.
regards
Hello DPL
With great respect, I request you to answer the questions raised and not to use any query here to
run a marketing spiel to take conversation off on a tangent.
Since your reply contains a great myth about algo, I realize that it needs to be shattered.
I strongly dispute your statement about co-location of server and profitability of Algorithmic as being so critically dependent on where the machine is. I have successfully run algo (profitably) from a home computer with 1 GB RAM using low cost terrace-to-terrace cable throwing internet provider. Naturally, under such setups, deployed capital is usually 10000 Rs and such strategies will earn or lose 1000 to 2000 rs per month.
Machine's location, at best, can further contribute to increase in profit but it cannot convert a loss making strategy into profitable strategy just because it is co-located
I also humbly point out that I
did not ask your recommendation about minimum capital needed for Algo. Capital to allocate is trader's concern and broker's recommendation is irrelevant.
My question to you was strictly with intent to decide whether or not we should consider opening an account with your firm and primary reason for that would be attractive brokerage deal. If I do open an account, I would only use it to run algo, I also need to know the trading account softwares platform and all other facilities that you currently offer for me to create automated trading setup along with charges, if any associated with providing such facilities.