Dear All!
What Mastertrust Contact Staff do not emphasize is that retail traders cannot trade an algo in fully auto mode. When you contact them, though, they say you can. Then after you open an account with them and find out the truth, they say there was a circular released by SEBI which debars retail traders from fully auto trading, just a couple of days back. This is only to ensure that the person who opens an account with them, stays with them. He may, or may not be, interested in trading in the semi-automatic mode, but he has opened an account with them and does not want to close it in a hurry. BTW, there is no fresh circular released by SEBI, regarding algo trading. The last circular was released in 2013. FYI, the only way a retail trader can do algo trading in fully auto mode is by passing an NCFM test for each segment the trader is interested in. Details for appearing in the NCFM (or NSEIT) examinations can be had from the NSE site > Education or search the web for it. As far as I am concerned, I have lost my trust in the Master! :annoyed: