Buy-Sell Bot on RS
- What is Trading BOT?
A Zerodha trading robot is a computer program based on a set of Indian trading signals that helps determine whether to buy or sell a currency pair at a given point in time. Zerodha robots are designed to remove the psychological element of trading, which can be detrimental. While trading systems can be purchased online, traders should exercise caution when buying them this way.
Trading bots are widely available programs that connect to a user’s Indian exchange and make trades on their behalf. They work using a variety of indicators and signals, such as moving averages and indices. The idea is simple: to help users make money in the markets, while not wasting a lot of their time. The underlying assumption is that computers are much better at trading than humans could ever be because trading is all about mathematics and complex calculations of probability.
- About this BOT
This is the automated BUY and SELL code for zerodha, it will buy order and sell that order on Indian exchange based on buy/sell strategy implemented on code.
- BOT Strategy:-
Place an order when RSI is greater then 30, when high breaks next high, place BUY SL order on current high when BUY SL order implemented on ZERODHA place an order of SELL on lowest low and if RSI cross70: cancel the SELL SL bid place MARET order of BUY bid. Full strategy mention below.