Zerodha....

[Zerodha]

Zerodha,

Please help me with my new problem...

My SL orders are not getting executed. I am having "trigger price" set at distance of 25 paisa from the "price". Is this the problem? Will the problem be solved if this 25 paisa is increased?If yes, what will be an ideal difference between the "trigger price" and the "price"?

e.g, for SBI buy SL order-> trigger set at 2215 price at 2215.25....price passes across the order...order remains unexecuted.

For a SL order,if we place the "trigger price" field very close to the "price" field,can my order remain unexecuted if price moves too fast across my order?

Yes Starrz,

I guess that is what is happening.. Especially if you have such tight Trigger and limit price... It is a common thing for SBI to move 1 rs in a tick, if something like that happens, your order can go pending..

Placing a higher limit price should do the trick, but if you are not trading huge quantities i'd advise using SL-M, just mention the trigger, it will get bought at the best price once trigger is hit...

 

[Zerodha]

What are Zerodha's plans in terms of trading platforms?

Like I said, if you're looking to attract active traders - an Amibroker/Esignal/MS plugin is the sort of thing that would attract virtually every serious trader in India.

We have just received the exchange approvals for Zerodha Trader for equity, Just waiting for exchange documents to reach us and then we are set..

We are hoping that you would like it's performance..

About Plugins, you need to understand there are vendors who pay lakhs of Rs to NSE to be their official data vendors... So NSE would never let us give out any such plugins which can cause a revenue loss to them and their vendors.. Unfortunately as members of NSE we can't go against any of their rules..

For active traders, there are some really interesting tools on Ztrader that we would be enabling once we go live on it.. We will put training materials on the same in the due course.. My guess is it should help you quite a bit, but you will be the best judge...

 

[age_of_turbulence]

We have just received the exchange approvals for Zerodha Trader for equity, Just waiting for exchange documents to reach us and then we are set..

We are hoping that you would like it's performance..

About Plugins, you need to understand there are vendors who pay lakhs of Rs to NSE to be their official data vendors... So NSE would never let us give out any such plugins which can cause a revenue loss to them and their vendors.. Unfortunately as members of NSE we can't go against any of their rules..

For active traders, there are some really interesting tools on Ztrader that we would be enabling once we go live on it.. We will put training materials on the same in the due course.. My guess is it should help you quite a bit, but you will be the best judge...

Awesome. Looking forward to it. Fingers crossed, bc I do like how you operate relative to the competition. But I need a reliable platform.

 

[GTji]

Fair advice for certain people to stay away from CFDs - if your funds are subject to RBI regulations, there are problems with margin funding. Only cash based accounts are meant to be accepted.

However, for those of us that trade FOREX legally - I have to say, this post is pretty misleading. What broker-dealers do with their positions - frankly, isn't my concern, as long as i'm dealing with a reputed dealer regulated by FSA and as long as there is basic client segregation in place. Ultimately, if I get a good spread from my broker dealer, I'm not terribly worried.

Your post makes it sound like we're being duped by forex broker dealers. That's not really the case. If people misuse leverage, that's their fault. The facility of leverage itself is a good thing. Saving people from themselves isn't really the role of a broker-dealer.

Anyway, back to the actual point. MT4 as a charting and indeed trading platform - I'm not sure what the argument on the other side is.

NOW is a brutally dismal platform. I don't think I've seen anything before that's quite as dysfunctional. My points of reference - DIET (which isn't terrible), PIB (pretty good), Keat Pro (awful, but still considerably better than NOW). So I guess the question I would want to ask & I'd appreciate a reply to is:

What are Zerodha's plans in terms of trading platforms? While I appreciate the 20 Rs. brokerage, that is cancelled out to a degree by these very oddly high transaction charges. So, on balance, if the long awaited Zerodha trader isn't any better, I'm better of going back to another broker. I don't think trading software is something you should consider lightly.

Like I said, if you're looking to attract active traders - an Amibroker/Esignal/MS plugin is the sort of thing that would attract virtually every serious trader in India.

I don't know what you guys have against NOW. The only problem with NOW was connectivity problems for the last few days (which seems to have resolved) and charting (for which I use Amibroker even when I am trading on Share Khan TT). TT becomes so heavy on my system if I use more than 20 scrips, it becomes useless, and NOW does not even bat an eyelid with 55 scrips, and with the auto-trading feature its really fabulous. TT and the rest of Indian charting platforms are only good for beginners as a kind of introduction to technical analysis trading, but you got to move on to better charting and TA platforms like AB MS, etc for your TA and charting needs.

 

[akhill]

Hi Zerodha,

Is there any chance that i can handle multiple NOW login accounts from a single system ?
For example, If my brother, father and me have Now accounts, what is the procedure to use all these 3 accounts simultaneously in a single laptop ?

Just being curious, what should i do to handle multiple (3 or more) NOW logins from a same system. Is there any different software for that ?

 

[GTji]

We have just received the exchange approvals for Zerodha Trader for equity, Just waiting for exchange documents to reach us and then we are set..

We are hoping that you would like it's performance..

About Plugins, you need to understand there are vendors who pay lakhs of Rs to NSE to be their official data vendors... So NSE would never let us give out any such plugins which can cause a revenue loss to them and their vendors.. Unfortunately as members of NSE we can't go against any of their rules..

For active traders, there are some really interesting tools on Ztrader that we would be enabling once we go live on it.. We will put training materials on the same in the due course.. My guess is it should help you quite a bit, but you will be the best judge...

Its quite illogical, that for a few data vendors, NSE is going to sacrifice a decent amount of income from their plug-in users. - They could easily charge retail clients for the plug-in based based on per symbol pricing or something similar and I am quite certain that it would be much cheaper for users than what we have to pay to these so called data vendors who are obviously making a huge profit from data vending. Reminds me about what I had read a long time back about the California gold rush. It seems the guys who sold mining equipment (shovels, picks etc) and such made much more money than the guys who were rushing for the gold. While I am not against these vendors making profit, but if it is really because of the data vendors that NSE does not allow for plug-ins then that's really unfair:annoyed:.

 

[Zerodha]

@ newbie, I remember you posting, the only problem faced with Zerodha Traders is that in Nest Plus, the intraday data contains lot of zeroes in either O/H/L/C which makes the chart backfilling a nightmare.if something could be done in this matter. I don't know if it was you or someone else, but I had it on my list to do..

This issue has been fixed... No more Zeros..

 

[Zerodha]

Its quite illogical, that for a few data vendors, NSE is going to sacrifice a decent amount of income from their plug-in users. - They could easily charge retail clients for the plug-in based based on per symbol pricing or something similar and I am quite certain that it would be much cheaper for users than what we have to pay to these so called data vendors who are obviously making a huge profit from data vending. Reminds me about what I had read a long time back about the California gold rush. It seems the guys who sold mining equipment (shovels, picks etc) and such made much more money than the guys who were rushing for the gold. While I am not against these vendors making profit, but if it is really because of the data vendors that NSE does not allow for plug-ins then that's really unfair:annoyed:.

hmm.. it is quite the contrary..

check this out: http://www.nseindia.com/content/press/RealTimeTariff.pdf

I know a few data vendors and they are struggling to survive.. So if a vendor wants to give data from NSE(equity and f&o), he has to pay Rs 56lks every year to NSE + 1000 Rs/month/terminal.... So imagine the money NSE makes and how much margin the data vendors have.. It is a very tough business for them today, especially when markets are not doing that great and a lot plugins/other vendors not authorized providing it at a fraction of that cost..

So if someone is charging you 25k a year for data, he has to pay NSE 12000 + the interest cost(interest and capital cost on the 56lks deployed).. oh and yeah another thing this cost I mentioned is only for the level 1 data, tick by tick etc costs twice as much..

 

[Zerodha]

Hi Zerodha,

Is there any chance that i can handle multiple NOW login accounts from a single system ?
For example, If my brother, father and me have Now accounts, what is the procedure to use all these 3 accounts simultaneously in a single laptop ?

Just being curious, what should i do to handle multiple (3 or more) NOW logins from a same system. Is there any different software for that ?

You can create 3 separate drives and run the application separately.. To be able to place orders on behalf of others, you need to be a sub-broker in India..We presently don't offer that..

 

[mprakash1972]

Hi Sachin
i am looking forward in trading zerodha trader all segments,also request you to provide bracket and cover orders.
regards,
m prakash