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Last updated 2 months ago

What Is Algomojo ?

Functioning as an all-encompassing web-based Algo strategy trading execution platform, Algomojo simplifies the process of automatically sending orders to the exchange via integrated brokers. Its core mission is to refine the algo trading experience, making it more efficient and user-friendly for traders. With Algomojo, traders can automate order execution using popular tools such as Trading View, Amibroker, Metatrader, Chartink, GoogleSheet, NinjaTrader, Chrome Extension, Excel, Python, Node.js, C#, and others. Recognizing the varied execution needs of traders, the platform's Execution module is adept at transforming trading signals into automated orders, endowed with an array of order control options.

Where To find my API key ?

Open the Algomojo app and go to the left scroll menu.
Select the first menu option labeled "My API."
If you're a new user, generate an API key to receive free access for the next 7 days.
If you're not a new user, tap on the functions related to your existing API key.

How to use Papertrade ?

After setting up a strategy in the "My Strategy" or "My Strategy Group" section, users have the option to toggle between enabling live trading and paper trading.

What does CNC/MIS mean in order types?

CNC (Cash and Carry): This is a product used for delivery-based equity trading. When traders use CNC, they buy or sell stocks with the intention of taking or giving delivery of the shares. This product is used for investing or trading in the cash segment of the stock market, as opposed to trading on margin or using derivatives.
MIS (Margin Intraday Square-off): This is a trading product that allows traders to buy or sell securities with a portion of the total trade value as margin. It is specifically designed for intraday trading, meaning all positions opened under MIS must be squared off (closed) before the end of the trading day.

How do I select the Trading Symbol?

In create strategy or Modify Strategy section, select the Trading Symbol option , type the symbol name and choose from the drop-down the symbol that you wish to trade.

What is Freeze Qty?

Freeze quantity refers to the maximum number of lots a trader can buy or sell in a single order for a particular equity or index F&O contract. If the number of lots exceeds the freeze quantity then your order will be rejected.

What should I enter in Chart Symbol?

You can provide any name for reference in the Chart Symbol field; it is optional.

How to set a Target value?

To set a Target value, follow these steps:

For Equities:
- TGT – Optional, can provide Target as % or Points.
- TGT Value – Specify the value that you wish to set as Target.
For Futures:
- TGT – Optional, can provide Target as % or Points.
- TGT Value – Specify the value that you wish to set as Target.
For Options:
- TGT – Optional, can provide Target as % or Points.
- TGT Value – Specify the value that you wish to set as Tar

How to specify a Stoploss value?

To specify a Stoploss value, follow these steps:

Provide the Stoploss (SL) as a percentage or points.
Enter the SL Value to set the desired Stoploss.

What is the Start Time?

The Indian stock market operates with specific trading hours:

Pre-opening session: 9:00 a.m. - 9:15 a.m.
Main trading session: 9:15 a.m. - 3:30 p.m.

During the pre-opening session, investors can place buy or sell orders. The main trading session is when unrestricted trading of shares takes place.

Can I change the Start Time?

No, Indian stock market timings are regulated by the Securities and Exchange Board of India (SEBI) and the stock exchanges themselves (BSE and NSE).

How do I enable the created strategy?

To enable the created strategy, follow these steps:

On the "My Strategies" page, users will find two options for enable their strategy: live trade and paper trade.
You will be presented with the option to enable a specific strategy identified by the code 'GG9949395_GB25-NIFTY_FUT.'
A confirmation message will appear, asking if you would like to proceed with the enabling of this strategy.
Choose 'Yes' to proceed with the enable operation or 'No' to cance

What is the Custom Data format for Tradingview?

The Custom Data format for Tradingview is as follows:

How to use the Webhook URL in Tradingview?

To use the Webhook URL in Tradingview:

Create a Strategy:

Select a New Strategy from the right top corner.
Give a unique Name for the strategy.
Select the relevant Rule as applicable to your strategy in Amibroker / Tradingview.
Fill in the required details and submit.

Copy the Custom Data:

For Tradingview, copy the Custom Data which needs to be pasted in the Message box of Tradingview. Example:

Enable the Strategy:

Enable the Live / Paper Trades by clicking on the relevant button provided.

Create Alert in Tradingview:

Open the Chart with the Strategy that you wish to Algo Trade.
Create the Alert for the Strategy.
Paste the Custom Data from the My Strategies in the Message section of the Alert.
Paste the Long / Tiny URL in the Webhook URL under Notifications Tab of the Alert.
Create the Alert after giving a relevant name.

Any Alerts generated will now be executed automatically in your account.

What's the role of the relevant Module in Amibroker?

The Amibroker plug and play execution modules provide a ready-made interface between Amibroker trading strategies and the Algomojo bridge to access Algomojo.