What about the individual algo trader? I am software engineer and I have my own algo coded in python and its working fine. Do we need to get an approval to use for myself?
so wait, they want to know all of the algos in the market, then create their own research to know which algo works the best or better ? hmmm... i wonder who would be the beneficiary of this gold mine of data ?
Whats the problem if retailer make their own algo and run it. I think many retailers start overcoming emotions by doing so. So sebi shall only regulate the black box algo.
@Optionsence yes . I coded my positional and intraday own stategies in tradetron. It runs well, so I am able to do trading without breaking the rules and risk reward. I don't understand why sebi has to stop it , if a retailer do algo with their own strategy.
Guys, dont beleive his words. His statements are mostly half baked. Do your own research. Algo framework is positive news for retailers, not like what this guy is telling us
What about the individual algo trader? I am software engineer and I have my own algo coded in python and its working fine. Do we need to get an approval to use for myself?
Yes sir . For more details check SEBI circular at t.me/+8rBiMJ9CIRBjNWQ1
Yes sir For SEBI Circular please check t.me/+8rBiMJ9CIRBjNWQ1
Moreover, they have to regulate SEBI first.........
🤣
Its bad news for me as i am using my own coded algo 😢, a new rule may harm now
Don't worry if one door close. Some other door will open
so wait, they want to know all of the algos in the market, then create their own research to know which algo works the best or better ? hmmm... i wonder who would be the beneficiary of this gold mine of data ?
Better trade on our own. Without using algo
Just want to know does this apply to International trading houses as well that do HFT trading and are causing these Glash Crashes.
Already in place. Now it will apply for Retail trading
If I am not selling any algo, and only using it for myself, will I still have to get it registered?
Yes sir .please read circular here t.me/+8rBiMJ9CIRBjNWQ1
I use an excel sheet connected to the brokers API to just place orders and Stop loss etc. Will I have a problem with this in future?
I few days ur broker will stop giving APIs . They are going to ask for TAG ID
Whats the problem if retailer make their own algo and run it. I think many retailers start overcoming emotions by doing so. So sebi shall only regulate the black box algo.
If it happens. I will be happy for you. I can understand what ur trying to say🤝🤝
@Optionsence yes . I coded my positional and intraday own stategies in tradetron. It runs well, so I am able to do trading without breaking the rules and risk reward. I don't understand why sebi has to stop it , if a retailer do algo with their own strategy.
I am a discretionary trader, and I am using Algo only for order and PNL management , Will this get effected ?
Yes
Same rules are applicable for Fiis also?
No Only For Retailers
Already in force for FIIs. I read it in yesterday's Business Standard or Financial Express.
Now injections will be a history.
💯💜💜
Means market volatility kam ho jayegi ?
Make the videos crisp
Guys, dont beleive his words. His statements are mostly half baked. Do your own research. Algo framework is positive news for retailers, not like what this guy is telling us