One suggestion guys. Since you still have a couple of weeks before launch - a manual explaining everything with the Amibroker API would be nice. How to plug it in, what features it has and what it can't do. From your reply above, I understand it can't be used as a plugin for a RT data feed, but it can be used to translate Amibroker formulas into trades. To ask an obvious question - can it be used to manually place orders from Amibroker itself? i.e. non formula generated, simple buy, sell, stop loss?
Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
- Status
Guys,
I am in touch with NEST plus team for this Amibroker / MS api to NEST Plus.
The demo is not completely ready from Omnesysindia. It's typical 1.0 product.
If you are using some AFL in amibroker and thinking automated trade on same afl, it's not great idea. It's not because of Omnesysindia but you need to consider lot of other parameters while generating completely automated scripts e.g. order type etc. Please see below order types pdf.
Here is something I get from Nest team which can be used on Zerodha trader. (once it matches the version requirements etc)
-----------
For API to AMI
https://plus.omnesysindia.com/NestPlus/Plus/view.jsp?prod=plus_api
https://plus.omnesysindia.com/NestPlus/bottom/previewpage.jsp?prod=plus_api
The manual
https://plus.omnesysindia.com/NestPlus/download/NestPlusAPI.pdf
All the help videos are available here: https://plus.omnesysindia.com/NestPlus/Support/videotutorials.jsp
All user manual related to Nest Plus are available here: https://plus.omnesysindia.com/NestPlus/Support/manuals.jsp
Nest Trader FAQ files available at the following links:
http://www.omnesysindia.com/pdf/BasicTradingFeatures.pdf
http://www.omnesysindia.com/pdf/AdvancedFeatures.pdf
http://www.omnesysindia.com/pdf/OptionsTradingWithNestTrader.pdf
http://www.omnesysindia.com/pdf/Preference.pdf
http://www.omnesysindia.com/pdf/RMS.pdf
http://www.omnesysindia.com/pdf/SpecialOrderTypes.pdf
http://www.omnesysindia.com/pdf/VariedFeaturesOfNT.pdf
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I think it will not be overnight shift for everyone on Zerodha trader as they will migrate people in batches. Secondly NOW is nothing but lower version of same product, so people do not have to worry about look and feel and basic features. It's like windows XP and XP with service pack 3. You get some more features, most of issues of now are fix, better quality. As I have over 17 yrs exp in software, I am sharing this based on my exp. This has nothing to do any inputs I got from NEST team.
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In my opinion, if Zerodha trader goes live for retail by 3rd Sept, you should ideally go live for automated trades using Amibroker etc after 1 month.
It will take good time to test your AFL in real time AT scenario. Remember this API does not give you live data to your Amibroker, you have to either get it from GDFL or Josh's utility. AFL which shows great profits on Amibroker charts will not be same as ordering will make lot of difference.
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Many people have not documented exact rules of trading, they look at AFL chart and also look at other charts or some indicators in other sheets and make final call to buy/ sell. You need to have all things documented as rules, ensure AFL covers all corner cases, else your will be expecting great profits but your AT AFL will take all money from bank before market ends and give you great losses.
-----
I am in touch with NEST plus team for this Amibroker / MS api to NEST Plus.
The demo is not completely ready from Omnesysindia. It's typical 1.0 product.
If you are using some AFL in amibroker and thinking automated trade on same afl, it's not great idea. It's not because of Omnesysindia but you need to consider lot of other parameters while generating completely automated scripts e.g. order type etc. Please see below order types pdf.
Here is something I get from Nest team which can be used on Zerodha trader. (once it matches the version requirements etc)
-----------
For API to AMI
https://plus.omnesysindia.com/NestPlus/Plus/view.jsp?prod=plus_api
https://plus.omnesysindia.com/NestPlus/bottom/previewpage.jsp?prod=plus_api
The manual
https://plus.omnesysindia.com/NestPlus/download/NestPlusAPI.pdf
All the help videos are available here: https://plus.omnesysindia.com/NestPlus/Support/videotutorials.jsp
All user manual related to Nest Plus are available here: https://plus.omnesysindia.com/NestPlus/Support/manuals.jsp
Nest Trader FAQ files available at the following links:
http://www.omnesysindia.com/pdf/BasicTradingFeatures.pdf
http://www.omnesysindia.com/pdf/AdvancedFeatures.pdf
http://www.omnesysindia.com/pdf/OptionsTradingWithNestTrader.pdf
http://www.omnesysindia.com/pdf/Preference.pdf
http://www.omnesysindia.com/pdf/RMS.pdf
http://www.omnesysindia.com/pdf/SpecialOrderTypes.pdf
http://www.omnesysindia.com/pdf/VariedFeaturesOfNT.pdf
--------------
I think it will not be overnight shift for everyone on Zerodha trader as they will migrate people in batches. Secondly NOW is nothing but lower version of same product, so people do not have to worry about look and feel and basic features. It's like windows XP and XP with service pack 3. You get some more features, most of issues of now are fix, better quality. As I have over 17 yrs exp in software, I am sharing this based on my exp. This has nothing to do any inputs I got from NEST team.
--------
In my opinion, if Zerodha trader goes live for retail by 3rd Sept, you should ideally go live for automated trades using Amibroker etc after 1 month.
It will take good time to test your AFL in real time AT scenario. Remember this API does not give you live data to your Amibroker, you have to either get it from GDFL or Josh's utility. AFL which shows great profits on Amibroker charts will not be same as ordering will make lot of difference.
-----
Many people have not documented exact rules of trading, they look at AFL chart and also look at other charts or some indicators in other sheets and make final call to buy/ sell. You need to have all things documented as rules, ensure AFL covers all corner cases, else your will be expecting great profits but your AT AFL will take all money from bank before market ends and give you great losses.
-----
Zerodha,
Could you please respond to these queries ....
Q1: where do I find Nest Trader/Zerodha Trader user guide ? ( I have checked omneysys website they have Nest Pulse user guide but not Nest Trader).
Q2: Does Nest Web / Zerodha Web version is java applet based or flash based ?
Q3: Can we contact omneysys helpdesk for technical queries saying that we are Zerodha customers. Will they respond to our queries regarding platform ?
Could you please respond to these queries ....
Q1: where do I find Nest Trader/Zerodha Trader user guide ? ( I have checked omneysys website they have Nest Pulse user guide but not Nest Trader).
Q2: Does Nest Web / Zerodha Web version is java applet based or flash based ?
Q3: Can we contact omneysys helpdesk for technical queries saying that we are Zerodha customers. Will they respond to our queries regarding platform ?
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Dear Zrodha, thanks for change in referral...
""We understand the important role you play in introducing these clients and hence want to share more than the 10% that we do today.
The new sharing would be as follows:
Rs 0 to Rs 20,000: 10%
Rs 20,000 to Rs1, 00,000: 20%
Rs 1, 00,000 to Rs 2, 00,000: 30 %
Rs 2, 00,000 and more: 40%.............................""
Dear Zerodha, Only one thing I want to add in above programm that please add volume of self trading also, I mean we are getting % of others trading, but our brkerage on trading volume not consider, I mean there is no commision on self brokerage(or Discount) Thanks......
""We understand the important role you play in introducing these clients and hence want to share more than the 10% that we do today.
The new sharing would be as follows:
Rs 0 to Rs 20,000: 10%
Rs 20,000 to Rs1, 00,000: 20%
Rs 1, 00,000 to Rs 2, 00,000: 30 %
Rs 2, 00,000 and more: 40%.............................""
Dear Zerodha, Only one thing I want to add in above programm that please add volume of self trading also, I mean we are getting % of others trading, but our brkerage on trading volume not consider, I mean there is no commision on self brokerage(or Discount) Thanks......
I second this. It is very confusing which is for DP sell charges and which is for AMC. If Zerodha cannot handle the AMC to the ILFS then atleast convey the message to ILFS to mention the same very clearly...
please take the headache of DP bill from our heads !
the bill is sent randomly and it is difficult to know which ones to pay and the ones to avoid.
When brokers can pay DP bills on clients behalf, why can't you?
the bill is sent randomly and it is difficult to know which ones to pay and the ones to avoid.
When brokers can pay DP bills on clients behalf, why can't you?
As Per My Knowledge in NEST plus one can not Place fully automated Orders it will ask confirmations before Place Order is it?
if it is then it will not help to reduce human presence in front of trading terminal.
on that case I don't know what is the edge the trader will get rather from manual order Placing
if it is then it will not help to reduce human presence in front of trading terminal.
on that case I don't know what is the edge the trader will get rather from manual order Placing
This is same issue I have been facing for long.
I think Zerodha paying the bill to DP late ...or may be ILFS not updating the site which is the source of all confusion.
ILFS website has only Bill Summary ...but no detailed Bill Report with Bill Numbers. how the heck one would know bill details ?
I have sent a mail to ILFS last week asking where to find detailed bill report so that I can track bill No and bill details.
Let them reply ...I'll share the reply here for the benefit of all
but anyway ..entire thing is a chaos.
Zerodha ..can you please talk to ILFS and tell them that your customers are facing these issues. I hope there is a solution.
I think Zerodha paying the bill to DP late ...or may be ILFS not updating the site which is the source of all confusion.
ILFS website has only Bill Summary ...but no detailed Bill Report with Bill Numbers. how the heck one would know bill details ?
I have sent a mail to ILFS last week asking where to find detailed bill report so that I can track bill No and bill details.
Let them reply ...I'll share the reply here for the benefit of all
but anyway ..entire thing is a chaos.
Zerodha ..can you please talk to ILFS and tell them that your customers are facing these issues. I hope there is a solution.
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