Introduction of AlgoTrading by Using NinjaTrader on Indian MCX Market – Professional Support by NinjaTrader Indian Vendor

1. Trading account with India’s leading discount broker Zerodha.

2. Need to register for Zerodha’s Kite API which will cost you Rs 2,000 Per Month.

To know more about Zerodha Kite API, Click here

To enable Zerodha Kite API, Click here

3. Download and install free NinjaTrader7.

Click here

4. Download and Install our AlgOto application to interact between Zerodha Kite API and NinjaTrader.

Click here

5. Download and Install KiteBridge to interact between AlgOto and NinjaTrader

Click here

6. Develop your trading strategy in NinjaTrader and relax. No emotion will ride you to wrong trades anymore!!

Algo trading on Indian MCX Crude

What is AlgOto ?

AlgOto is a trading platform developed on top of Zerodha Kite API , which lets Zerodha clients to use world’s leading charting applications with Indian market data without paying or subscribing to additional market data service provider.

How AlgOto works ?

It works as a trading platform with functions allowed by Zerodha Kite API and it feeds market data to charting applications such as NinjaTrader. AlgOto by default comes with NinjaTrader bridge which lets you place orders from Ninja Strategies to Kite API.

What are the features of AlgOto ?

Built-in NinjaTrader bridge
BO, CO orders with limit price
BO, CO orders at any market !!
Bucket Order
Auto Pre-Open Order firing

How to read Market Profile (TPO) Chart on NinjaTrader – Professional Support Offered by NinjaTrader Indian Vendor

How to understand Market Profile (TPO) Chart on Indian MCX Crude – Elite Support offered by NinjaTrader Official Indian Vendor

Understanding of Market Profile Price Open Type – Introduction of TPO Market Profile for Indian NSE & MCX Market

How to understand TPO Market Profile Chart (Image Source – Market Delta)

Introduction of Market Profile (TPO) Glossary – Professional Support by Official NinjaTrader Consultant

The Volume Profile chart displays market-generated information in such a way as to graphically
show the relationship between time, price and volume. To accomplish this, the chart uses a
series of alphabetical letters to represent 30 minute time periods. Each letter is known as a
“TPO”, for Time Price Opportunity, and shows the range through which the price traded during
that 30-minute period.

  1. Opening Range : The dark blue sidebar to the left of the TPO’s highlights the first two minutes of the session,
    known as the Opening Range.
  2. Initial Balance (IB) : The red sidebarmarks the range of the first hour of trading,
    known as the Initial Balance or IB.
  3. The yellow sidebar indicates 1½ times the range of the Initial Balance,
  4. And the pale green sidebar indicates twice the range of the Initial Balance.,
  5. And next light shade for 3 times of Initial Balance.

NinjaTrader Market Profile TPO Chart

NinjaTrader8 Officially relesed “Orderflow + ” Suite

A new feature set named “Order Flow +”. This feature set will be in beta and include the following tools:

• Volumetric bars (footprint style chart)
• Market Depth Map
• Trade Detector indicator
• Cumulative Delta indicator
• VWAP indicator

NinjaTrader8 Orderflow Suite

Global Data Feeds (GFDL) now RT Data supports to NinjaTrader version 8 – 32 & 64 bit -Professional Support offered by Official Consultant of NinjaTrader

Introducing NinjaTrader8 with Market Profile TPO Chart for Indian MCX & NSE Market with Real Time Datafeed offered by Official Indian Partner

Introducing NinjaTrader8 with Market Profile TPO Chart for Indian MCX & NSE Market with Real Time Datafeed offered by Official Indian Partner

Provides a complete TPO (AKA MarketProfile) and Volume chart solution that is integrates fully with NinjaTrader Chart Trader, other indicators and chart drawing tools.

Main Features
Complete TPO and Volume Chart Implementation.
Fully integrated with NinjaTrader Chart Trader , other indicators (applicable only for some indicators) and chart drawing tools. Use NinjaTrader Chart tool bar, Context Menu and Hot Keys for Fast Access to Operations.
Flexible Session Hours Configuration (e.g. Globex, RTH) Using NinjaTrader 7 Session Manager.
Splits Sessions into Multiple Profiles and Merges Multiple Sessions to One Profile.
HVN/LVN, 2nd Value Area, Single Print, Long term profiles and more

How to read and understand Gomi OrderflowPro Printed bar on Indian MCX Crude – Elite Support offered by Indian Partner

When reading an order flow chart, you compare price on the bid against the offer, diagonally.
Not horizontally. Markets have a bid and offer. What you want to do is compare their relationship.

An order flow chart allows a trader to see the volume traded on the bid and the volume traded on the offer.You can use range charts, minute charts, renko charts, whatever type of chart you are comfortable looking it; order flow can be applied to it.

How to read Gomi Orderflow Chart

How to achieve 1000 Points on MCX Crude Mini Lots – Professional Trader’s Trading Diary

Day 1  02.01.17 – 290 Points

Day 2  03.01.17 – 150 Points

Day 3  10.01.17 –  78 Points

Day 4  12.01.17 –  207 Points

Day 5  13.01.17 –  50 Points

Day 6  16.01.17 –  37 Points

Day 7  17.01.17 –  60 Points

Day 8  18.01.17 –  60 Points

Day 9  19.01.17 –  50 Points

Day 10 20.01.17 –  185 Points

Total Points – 1176…Read more

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