Zerodha - Number One Discount Broker in India

[Jai Mata Di]

Crowd Index is live, expecting markets to end next friday at 7592.8, cast your prediction now: http://crowd.in/

Where you got this exact average value, where to see it? You must show that changing average Crowd Index value on your first page in big size. :thumb:

With the crowd index, since there is no greed or fear, our bet is that index will be very intelligent.... we will have to wait and watch..

You are probably wrong. There will be only greed but no fear. It would be a different kind of Index based on only greed.
As no need to risk of money there would be no fear.

But as rewards are more for early prediction. You'll see more and more early prediction near Sat/Sun/Mon DAY when it is tough to predict . It'll be easier to predict it closely later Wed-Thurs-Fri day(using smaller time frames). But traders might loose interest (predicting at later days or changing opinion) due to less prize money.

You can think of increasing the prize money soon, at least 5 Lakh to build your Crowd Index more powerful. :lol:

Happy Trading.

 

[timepass]

Dear TP,

If there is thousand or million ticks, what ever , but point is why we need every ticks, I know that SL will trigger only (Its upto computer to check) if trade will happened only at (or below and above) price, and its executed only if enough qty available @ price (If not Market Order)

That is academic. I am contesting the statement that the technology prohibits them from making the ticks available. It would be more transparent if they said something like - "Tick data is available every 3 seconds" (or 5 seconds or whatever).

 

[simplebuthard]

Where you got this exact average value, where to see it? You must show that changing average Crowd Index value on your first page in big size. :thumb:

Though they don't show it in big size, it is available in home page crowd index map.

 

[Esse]

The grass is greener always on the other side , let me tell you the problem that brokers faces everyday,

Going by the logic that most people loose money trading (80 % atleast), not executing a trade at a particular point actually means that someone saved money by not executing a trade, in most cases people actually end up making money when any issue happens with the platform.

So, how many people do you think call us back and tell us to take the money they made because of the issue? None, not even a single one until now... I still remember this case where we had squared off the position for lack of margin and this person had complained from NSE to SEBI, to FM and to everyone that evening. The next day morning, markets gapped down some 5 %, he would have lost 20lks more if not for us squaring off, he didn't even say a thank you...

But if there was an issue and someone lost, we are expected to make good of the losses..

Not really fair is it .. but yeah it is all part of life, we all have to do what we have to do to survive..

Hi,
Was waiting for the mkts to close before I could reply to this post.

1. If you had squared of the position of the client it was purely to safeguard your own interests of protecting margin money. There was not any faint thought of his benefit in the action. Next day mkt opened 5% down and you did not receive a thanks from him. What is the thanks for. If it had opened 5% up you would have been giving him this same story. See lets be rational. Even people who have bombed many places and done atrocious crimes, give their own justification. And there are people who subscribe to their ideas also. So anyone and everyone gives a justification for his actions. But the facts remain facts.

2. Since you say that most people loose money trading (80 % atleast), not executing a trade at a particular point actually means that someone saved money by not executing a trade. Then wont it be best that the person advocating this does not remain in the broking business. He would benefit so many people.

You have to do what you have to do. So why give lousy justifications. You will do it n no of times in the future if the situation arise. If you are yourself convinced with your justification then it is more than enough. Lets have no sham.

Regards

 

[TracerBullet]

The grass is greener always on the other side , let me tell you the problem that brokers faces everyday,

Going by the logic that most people loose money trading (80 % atleast), not executing a trade at a particular point actually means that someone saved money by not executing a trade, in most cases people actually end up making money when any issue happens with the platform.

So, how many people do you think call us back and tell us to take the money they made because of the issue? None, not even a single one until now... I still remember this case where we had squared off the position for lack of margin and this person had complained from NSE to SEBI, to FM and to everyone that evening. The next day morning, markets gapped down some 5 %, he would have lost 20lks more if not for us squaring off, he didn't even say a thank you...

But if there was an issue and someone lost, we are expected to make good of the losses..

Not really fair is it .. but yeah it is all part of life, we all have to do what we have to do to survive..

Your logic of refund makes sense, but a bug is a bug and invisible orders should be High priority defect.
This issue has happened before. Why has it not yet been resolved? Somone reported that Nest itself does not have this. So is this only in ZT? You cant expect everyone to know to go to some Obscure Button (Reconcile) to fix it and even that apparently didnt work for this guy. There is no reason why orders should not be refreshed on reconnection.
Please dont make 80% loosing as an excuse, reliable platform is in best interest of all.

As and when we advance in terms of technology all of these issues would be solved, but unless you take a direct TBT (tick by tick data) from the exchanges, there is no way to get 100% accurate data.

As I was telling there is no way today to even send this TBT data over the internet. So comparing an esignal to a Tame to a amibroker or anything else, doesn't really help you in figuring out what is correct.. It is very easily possible that one shows a tick which other didn't.

Firstly the price variation that you see on NEST/NOW or anywhere in the world, again is not Tick by Tick, there are hundreds of ticks that can happen in one second, so it is not technologically possible to show that. What you see on the marketwatch is usually what is plotted on the chart, so if you see a tick on marketwatch you will see a corresponding point on the chart. So they are the same data feed.

But coming back to the main question, is a TBT data really required for a retail trader? Unless someone is running a HFT strategy, don't think it makes a difference.

1) As i already said before, Tick by Tick is not needed. We can do with few seconds O/H/L/C snapshot

2) Anyway, i read somewhere (maybe wrong) that each vendor has their own algo of sampling the data which causes differences. Some People use the extremes to enter/exit. More the people that see same data, more effective it will be.

But in any case, there is no technological reason for client and server to mismatch. ie all ZT clients should have same data. Sending tick by tick only is crude and we get gaps if internet is slow/down. I dont think it should be hard for client to ensure that all data is recieved on reconnection - you could simply number the tick order or use any better way.

Nest may have its limitations but please ensure Pi is better.

 

[LivetoTrade]

This is the first week, this friday by 3.45pm we will have our first set of winners.

If there are no winners, does this amount get added to next week's 1L ?

 

[Jai Mata Di]

Traders don't want Tick by Tick data. They only want every Higher High & Lower Low must be recorded in higher time frames.

Problems occurs when stop losses triggered with these tick data and high/low is not recorded in higher time frames.

Implementation is not so complicated. Every tick data is a sub set of 1/5/15/30/60 seconds data, just like every 1 min candle is a sub set of 5/15/30/60 min candle.

It would be great, if Higher High & Lower Low of all tick is recorded in every 2 or 5 seconds & visible in latest candles. We don't need Tick by Tick data.

Happy Trading.

 

[Mungerilal]

anyone facing similar problems like Esse's if they are using NOW?
I mean,while using NOW,anyone of you encountered any trade related issues?

 

[Zerodha]

Guys what you need to understand is we don't get the tick by tick data ourselves, none of the brokers do. Our servers sits say very close to the exchange in multiple data centers and they talk to exchange over leased lines. When an order is placed, it is sent to the exchange for execution, what you see on the marketwatch or chart is basically 1 second snapshot data which exchange gives back via the leased line. What you see on the chart is what we get from the exchange...

So that is why there is no point comparing Tame to esignal to amibroker to nest, there will never be a 100% match. Will a broker subscribe to tick by tick data from the exchange and give it for free to his clients? hmmm..

It costs almost a fixed Rs 1crore per year, plus almost Rs 1000/segment (this is just for NSE)...http://www.nseindia.com/content/press/RealTimeTariff.pdf

 

[LivetoTrade]

Guys what you need to understand is we don't get the tick by tick data ourselves, none of the brokers do. Our servers sits say very close to the exchange in multiple data centers and they talk to exchange over leased lines. When an order is placed, it is sent to the exchange for execution, what you see on the marketwatch or chart is basically 1 second snapshot data which exchange gives back via the leased line. What you see on the chart is what we get from the exchange...

So that is why there is no point comparing Tame to esignal to amibroker to nest, there will never be a 100% match. Will a broker subscribe to tick by tick data from the exchange and give it for free to his clients? hmmm..

It costs almost a fixed Rs 1crore per year, plus almost Rs 1000/segment (this is just for NSE)...http://www.nseindia.com/content/press/RealTimeTariff.pdf

Please help clarify further - suppose in a rare instance, if there is no order from any Zerodha client for a few seconds, then is the chart not updated for those few seconds?