We are proud to provide our Algomojo access to Fyers users. Now users of Fyers can connect their quant trading strategies with Algomojo and enjoy Free API-based algo trading access. Free Platform Access will be enabled for the client for those who open a new Fyers account via Algomojo
Fyers is a Bangalore-based Discount Broking firm. FYERS, which is an acronym for Focus Your Energy and Reform Yourself. FYERS, which started its operations in 2016 with an aim to make online trading safe and simple, has grown to be the most sought-after trading platform. Today, with a strong community of traders and investors, FYERS has more than 1,00,000 customers on its platform facilitating 15,000 cr worth transactions every day across all major Indian exchanges
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 is a web-based automated trading platform built on the brokers API with a minimalistic design built by traders for the traders.
Algomojo comes with Integrated all-in-one solutions (Manual/Automated Trade Execution, API Library, Trade Execution Modules, and the end to end support at one single marketplace). It helps traders to simplify their Algo trading and makes life easier for the traders.
Algomojo Supported Trade Execution Platforms
2. Metatrader 4
3. Metatrader 5
4. Excel, Google Spreadsheets
6. Microsoft Power Automation
7. C# based applications
8. Any custom programs that support Rest API
Login into Algomojo Platform with Fyers Credentials
Now goto fy.algomojo.com and enter your client ID and password and press sign-in.
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)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 Supports Rest-HTTP APIs
5)Broking Charges: All F&O and equity trades would continue to be charged at Rs 20 or 0.01% 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: Free.
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
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
One can place manual orders (Intraday, Delivery) and currently supports Limit Orders, Market Orders, Bracket Orders, Cover Orders.
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, no strings attached.
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.
Demat account holdings can be viewed and managed under the holdings section.
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 Fyers 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, Bracket Order, Cover Order, AMO orders).
Algomojo also supports rule-based ATM, ITM, OTM Option Orders
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]