Sharekhan Algo Trading

21 Feb. 2025

Sharekhan Algo Trading - Features, Requirements & Pros & Cons

Sharekhan is one of the top stock brokers in India, and it offers many trading and investing facilities. It was launched in 2000 and quickly became a favorite among traders due to its simple interface and reliable trading tools. Over time, Sharekhan has adopted modern techniques such as algorithmic (algo) trading and copy trading. Sharekhan's algo trading platform is one of the best alternatives for all those traders who would like to trade faster and smarter with less effort in this age of automizing trading activities.

What do you mean by Algo Trading at Sharekhan?

Algo trading represents an entirely new way of trading better known as automated trading, wherein computer programs and algorithms trade, driven purely by pre-determined rules and strategies and with no manual intervention.

Sharekhan offers algo trading solutions that enable traders to:
Automate their trades using predefined strategies.
Minimize human-related mistakes and emotional behavior in trading.
Maximize the speed and precision of the execution of orders.
Have backtesting strategies on past data before trading denoting it live.

Contact Us for Inquiries

Automated trading with Sharekhan APIs gives you easy power to trade automatically by creating your automated trading strategies and placing trades anywhere.

Sharekhan Algo Trading Requirements

To access algo trading in Sharekhan, you need to meet the below conditions:

1. Active Trading Account of Sharekhan

You must have a trading and Demat account with Sharekhan.
If you lack a trading account, you may register online or visit a branch.

2. API Subscription and Access

Sharekhan has an API for algo trading free of charge but charges additional fees.
External software like Combiz helps connect Sharekhan smoothly to the algo trading system.

3. Trading Software & Tools

Providers of trader applications, such as Amibroker, TradingView, Python, and MT4/MT5, assist in algorithm formulation and execution.

4. Capital Requirements

Minimum capital to make trades, subject to market conditions and broker guidelines.

5. Internet & System Setup

For smooth algo trading, it's best to have a stable internet connection and a reliable laptop or desktop.

AI BOT Features:

AI BOT-Algo Trading and Copy Trading is a web-based platform
AI BOT supports multiple broker
AI BOT allows cross-broker copy-trading
AI BOT supports algo trading from various trading platforms eg. Trading View, MT4/5, Python, Excel, Amibroker, Ninja Trader, etc.
AI BOT supports direct trading in multiple accounts in one click
AI BOT has basket order and one-click trade features
AI BOT can place a trade in thousands of accounts in one click with mili-seconds latency.
AI BOT your trades can copied even when you are not suitable for part-time traders as well.

How Does Algo Trading Work in Sharekhan?

To start algo trading at Sharekhan, you need to connect advanced software or API to your trading account. To set up algo trading, you need to integrate the algo trading API or software into your Sharekhan account. Combiz Services offers a license-based solution, allowing you to enable automated trading by linking multiple accounts without any hassle. The system trades according to programmed strategies with speed, accuracy, and efficiency. The adoption of Combiz's algo trading solution simplifies order automation, reduces manual efforts, and improves trading performance at Sharekhan.

Features of Combiz in Sharekhan Algo Trading

Combiz Services Pvt Ltd is a popular provider of algo trading and copy trading solutions. If you are already using Combiz Services through Sharekhan, you will be glad to know that it is a leading solution provider for algo trading in India. For those interested in automated trading with Sharekhan, Combis offers several benefits that you can take advantage of.

API Integration: This enables a direct connection with the Sharekhan API for the timely execution of trades.
Real-Time Processing of Data: Capable of rapid processing of real-time trade data to facilitate immediate trading decisions.
Backtesting Capabilities: Backtest using your historical data to check your strategy before real-world deployment.
Risk Management Tools: Set stop-loss and take-profit levels automatically.
Multi-Account Trading: Apply strategies to multiple accounts through a single algorithm.
User-Friendly Dashboard: An easy-to-use interface for novice and expert traders.

Advantages and Disadvantages of Sharekhan Algo Trading

Advantages

Quick and Effective: Algorithmic trading executes orders faster than traditional trading.
Emotion-free Trading: This approach is entirely based on strategy, removing the impact of emotional decisions.
Backtesting Before Trading: Strategies can be evaluated with historical market data to determine their potential profitability.
Adopt Multiple Strategies Simultaneously: You can implement several algorithms at once for improved success.
24/7 Market Monitoring: The system continuously analyzes market trends and opportunities to ensure no trading possibilities are overlooked.

Check out the pricing details

Price

Disadvantages

Setup cost: There is initial expenditure on software, API subscription, and any required infrastructure.
Technical knowledge is needed: Users are expected to know coding, API integration, and market algorithms.
Market Risks: Unpredictable incidents like market crashes or technical glitches can impact automatic strategies.
Regulatory Restrictions: Traders must follow SEBI guidelines and risk management rules to ensure safe and legal trading.

Conclusion

Sharekhan's Algo Trading has made trading easy and smart. It executes trades automatically, reducing mistakes, making the process fast and efficient, and increasing profit potential. Also, the merging of Combiz Services Pvt. Ltd. with Sharekhan adds extra functionality to copy trading and algo trading, which is a useful tool for both beginners and expert traders.

However, before diving into algo trading, it’s essential to understand the requirements, risks, and costs associated with it. If you’re serious about algo trading, take time to backtest strategies, optimize your system, and use reliable third-party tools like Combiz to get the best results.