Upstox - RKSV - Trade in Rs 20 Max

Raj232

Raj232

Well-Known Member
#4,396
#4,396
Hi RKSV,
Had already watched the video on the fist day itself however, the semi auto functionality is not seen e.g. where the 1 touch is actually required. Also the cost is quite misleading e.g. Rs500 should be there in the account, however, nothing is mentioned if it is a 1 time charge or monthly charge. Also, watching the video, it does not encourage me to sign up for such service as it looks like there is too much to hide.

I would suggest having a complete video (without focusing on t/f of Rs 500 charges) on how the plugin setup would work.

May be by using a simple RSI(14) indicator on 5 min chart on Nifty Futures as a live example.
Also there is a lot of ambiguity about backfill data. Under what circumstances do I need to signup for the other service of backfilling the data on the chart. Or is backfilling service only required for backtesting several years of data.

Also, would this setup (Algolab+ Upstocks backend) work completely over the web (http/https) without having issues with corporate firewalls (e.g. NEST trader does not connect from most offices).

Surely, it is a step forward in the right direction, but still I hope you agree that more clarity is required. Thanks again !
 
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RKSV

RKSV

Upstox
#4,397
#4,397
Raj232 said:
Hi RKSV,
Had already watched the video on the fist day itself however, the semi auto functionality is not seen e.g. where the 1 touch is actually required. Also the cost is quite misleading e.g. Rs500 should be there in the account, however, nothing is mentioned if it is a 1 time charge or monthly charge. Also, watching the video, it does not encourage me to sign up for such service as it looks like there is too much to hide.

I would suggest having a complete video (without focusing on t/f of Rs 500 charges) on how the plugin setup would work.

May be by using a simple RSI(14) indicator on 5 min chart on Nifty Futures as a live example.
Also there is a lot of ambiguity about backfill data. Under what circumstances do I need to signup for the other service of backfilling the data on the chart. Or is backfilling service only required for backtesting several years of data.

Also, would this setup (Algolab+ Upstocks backend) work completely over the web (http/https) without having issues with corporate firewalls (e.g. NEST trader does not connect from most offices).

Surely, it is a step forward in the right direction, but still I hope you agree that more clarity is required. Thanks again !
Click to expand...

Hi Raj232,

Just a small brief on how the bridge to Amibroker works:

As a user you will need three things to use the bridge. Amibroker software, Data provider and a account with Upstox. Let us start with Amibroker.

Amibroker is a third party software. You can download the same from this link https://www.amibroker.com/download.html. This software is an advanced charting and analysis software covering features like backtesting, building own strategies through AFL and much more. One challenge you will face is to run live charts, for that you need real time data of OHLC. Currently with Upstox we are not providing chart data but have tied up with one of the vendors. So as a data provider you can purchase the data from the vendor by following link http://www.1marketview.com/partner-upstox

The installation video for connecting Amibroker with the data provider is available on their website. Once after setting up you will notice live charts working in Amibroker. You can find the tutorial here on using https://www.amibroker.com/guide/tutorial.html The important focus should be on topics of Amibroker formula language(AFL). This is the language used to building strategies.

Once the strategy is ready, it will plot the results on the charts. Until this step Algolab is not needed. Now whenever a signal is generated through your applied strategy, if you wish to receive this signal directly in Algolab of Upstox then you need to purchase the bridge. The charges for the bridge is Rs.500/- per month as mentioned on the web page. For bridging Amibroker with Upstox, you need to create an app from developer console and use the licence key for unique recognition. The entire process is mentioned in the following link https://upstox.com/knowledge-base/bridge-to-amibroker/

The important thing to focus in the article is the "Place order" function in step nos. 2 which needs to be inputted in your strategy. On successful integrations whenever the signal triggers in Amibroker, you will find the signals in Algolab as well. And from then the order placement will be just one touch. The best things is when you run your strategy on multiple scrips, multiple signals will be triggered. In this case the bridge proves to be handy and helps in entering into a trade in seconds. This is how the entire setup will work.

We hope that helps. Let us know if you have any questions.
 
megapixel

megapixel

Well-Known Member
#4,398
#4,398
Is anyone using OCO in Upstox ? Could you please clarify ?

Assume : 123.15 is buy price.

I want say 3 Rs SL. Shall I put that in points or as absolute price ?


 
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