Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Algomojo is Now Available for Zerodha Users with Enhanced Features

5 min read

It is a long-awaited request from the users. Yes from today onwards Zerodha Users can access Algomojo to implement their automated trading strategies. Lifetime free Algomojo Platform will be provided for those who open a trading account via Algomojo

This image has an empty alt attribute; its file name is Algomojo.png

What Algomojo Offers?

AlgoMojo is a trading technology platform that enables Systematic traders/ Automated Traders to quickly deploy trading algorithms across multiple brokers.  It provides the simplest API to build sophisticated trading strategies. It is designed to be used by developers, quants, and algorithmic traders.

Algomojo Offers a scalable & Free API solution for traders to connect their trading strategies to automate trading strategies from their favorite trading applications like Amibroker, Tradingview, Python, Metatrader, Ninjatrader, Excel, Google Spreadsheets, C-Sharp, and other trading tools which support REST API for Automation.

Traders get access to a cloud-based trading terminal to monitor algo trade executions and also to handle manual executions in one single place.

Special Execution Features like Spit Orders are designed to place large orders in NSE FNO in one single go. This is one of the major pain points faced by Professional Traders.

Traders can manage their watchlists, access orderbook, tradebook, positionbook and even square of large orders in NSE FNO in one single click.

Smart Order Feature is implemented for fast scalpers to place their orders faster and to reverse their orders from long to short and from short to long.

Algomojo provides various Execution modules, bridges, sample strategies and libraries to connect trader’s strategies to go live faster.

Algomojo Supported Trade Execution Platforms

1. Amibroker
2. Metatrader 4
3. Metatrader 5
4. Excel, Google Spreadsheets
5. Python
5. Tradingview
6. Microsoft Power Automation
7. C# based applications
8. Any custom programs that support Rest API

Getting Started with Algomojo with Zerodha Kite API and Zerodha Login Credentials

If you are onboarding with your Zerodha account for the very first time just follow these three steps to access Algomojo

1)Create Kite API from the Kite Developer Portal

use the following redirect url

https://ze.algomojo.com/arrow-connect/am/login-response?id={{Zerodha Client ID}}

For Example if the client ID is FT0123 then the redirect url is

https://ze.algomojo.com/arrow-connect/am/login-response?id=FT0123

2)Setup Time-based OTP (TOTP) using Google Authenticator or any other TOTP

3)Log in to Algomojo ze.algomojo.com and click on newuser to continue with the registration if you are a first time user.

Enter your Zerodha Client ID, API Key, and API Secret Key. Once registered successfully continue with the login using the Zerodha Credentials to access Algomojo Portal.

Create Algomojo API from My API section

use these API Key & API Secret keys to send orders from the Algomojo supported Trading platforms.

6)Download the Multi Broker Bridge for Algomojo and Install the Multi-Broker Bridge as per the instructions

What is the Overall Cost Involved in Algomojo?

Traders opening a trading account via Algomojo with our partner brokers will be enjoying Free API + Free Platform Fee under both Discount Broking (Rs20 per order) or whatever the broking plan our partner broker offers).

Here is the List of Cost Involved while deploying Algos

1)Trading API Cost: Free (For Algomojo Account Opening Clients)
2)Zerodha Kite API: Rs2000 per month
2)Algomojo Platform Fee: Free (For Algomojo Account Opening Clients)
3)Strategy Cost: Traders are recommended to come up with their own trading strategies. If in case looking for sample codes then free strategies can be downloaded from the Algomojo Library
4)Supportive Platforms: Amibroker, Metatrader, Tradingview, Excel, C#, Python, Any Platforms that Support Rest-HTTP APIs
5)Broking Charges: All F&O and equity trades would continue to be charged at Rs 20 or according to your broking plan with our partner Broker and there are no restrictions on choosing your broking plan with partner broker. Irrespective of the broking plan Algomojo clients will enjoy Unlimited & Lifetime free access to Trading API and Algomojo Platform.
6)End to End Integration/Chat Support Assistance will be provided to all users.


What is the Pricing for Non-Algomojo Clients?

Currently, Non-Algomojo clients who want to onboard Algomojo Platform with their existing broking account but not mapped under Algomojo will avail free Algomojo API access however there will be a platform fee of Rs 999/ month or Rs5999/year will be charged and that platform fee will be completely waived off for those taking Tradestudio Subscription / Directly opening a Trading account under Algomojo.

7 Days of Free Trial is available for Non-Algomojo clients to test drive before paying the Algomojo Platform Subscription fee.

Trading Terminal Access is totally free for Non-Algomojo Clients to send orders manually/retrieve the orderbook/tradebook/open positions/watchlists from Algomojo to their broker account.

Features of Algomojo

Watchlists

Supports lightweight watch-list with minimalistic design and easy to use interface to add symbols and multiple watchlists.

Dashboard to Track Funds, Positions, Orders, Holdings & MTM Profit/Loss

Manual Orders

One can place manual orders (Intraday, Delivery) and currently supports Limit Orders, Market Orders, Cover Orders & Split Orders (Currently Available only for NSE FNO segment)

Smart Order

The smart order feature is for traders who want to place faster orders to enter, exit, and reverse their positions mostly suits Intraday traders and scalpers who want to be fast with their fingers.

Split Orders

Multiple Split Orders are sent instantaneously for NSE FNO orders. Each and every order are sent at the maximum Freeze Quantity set by the exchange automatically. Currently, a maximum limit of 25 times of maximum Freeze quantity is imposed to avoid fat-finger errors.

AlgoMojo API

Algomojo comes with an inbuilt API that also supports existing clients of partner brokers with 7 days of free trial enabled by default.

Algomojo offers Free API + Free Trading Platform to algomojo users to Place, Modify, Cancel Orders. Currently, Algomojo API is free for users who are opening a trading account with Algomojo Partner Brokers. Free API platform + Free Algo Trading platform is offered with no upfront fees,  no minimum turnover, no special terms and conditions, no clauses, and no strings attached.

Order Log

Order Log is provided to verify the timestamp and audit the difference between the executed trades and generated live signals in the trading software.

Note : Order log captures the trade execution in realtime and shows only orders which are sent via Automated Trading Platforms.

OrderBook : From the Orderbook one can get both the status(pending, executed, rejected) of manually punched orders and trading software-generated orders.

TradeBook : Tradebook shows executed orders.

Positions: Any open positions can be viewed in the positions section. One button square off is provided to close all the open positions and also positions can be closed on the symbol selection basis.

Positions also display intraday and position MTM.

Holdings:

Demat account holdings can be viewed and managed under the holdings section.

Strategy Library

Traders are recommended to come up with their own trading strategies. If in case looking for sample codes then free strategies can be downloaded from the Algomojo Library

End to End Integration Support

One can get end-to-end integration support to configure, test & deploy trading strategies.

The following end-to-end support will be provided to the algomojo clients.

1)Integration of Algomojo Bridge for Autotrading.
2)Integration of Datafeed (Amibroker, Ninjatrader, Excel etc)
3)Integration of Windows VPS Servers.
3)Testing and Deploying the Trading Strategies.

And also in case, the trader needs a custom trading strategy to be coded in Amibroker/Metatrader/Tradingview then On-demand Freelancing support will be provided to onboard the client with their custom design strategies.

AlgoMojo API Documentation

AlgoMojo API documentation for Zerodha is comprehensive to know about the various functionalities supported by the trading platform. It helps traders to build their own execution logic.

What are the Type of Orders Supported at Algomojo?

All types of orders are supported at Algomojo (Market Order, Limit Order, SL-Limit Order SL-MKT order, Split Order, Cover Order, AMO orders).

Algomojo also supports rule-based ATM, ITM, OTM Option Orders Executions and Split Order Executions via API.

Algomojo supports Order Placement, Order Modification, Order Execution, and Retrieval of Orderbook, Trade Book, Order History & Open Positions via API.

Is the Web-Based Bridge Slower than the Exe Based Bridge?

Nope. Both use Rest API as a communication layer to transmit or receive information from the broker server. The latency of execution mostly depends upon the client’s internet speed and Brokers’ server responsiveness. In fact, a web-based bridge has more ease of use, and no up-gradation/installation/maintenance is required from the client’s side.

If in case you are having any queries always you can send a mail to [email protected]

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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2 Replies to “Algomojo is Now Available for Zerodha Users with Enhanced…”

  1. Hi sir,

    I am from Salem, TN. I am interested in automated trading platform using API BRIDGE. My requirements are as under.

    1. A chart to support multiple time frame (15 mins, 1 hour and day chart) for trading purpose.
    2. The chart has to be integrated with Trading view platform to send signals for API bridge for automated trading.

    Please give me a estimate for my above requirements.

    Looking forward for your support in this regard.

    1. While using Algomojo Traders can open their trading account via algomojo for lifetime free access and if you are having your own multi timeframe strategy already designed in tradingview then it can be integrated at no additional cost.

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