Tradetron – Algo Strategy Marketplace4 min read
To help you create an Algo based strategy, Tradetron, an Algo strategy builder has now been integrated with Paytm Money. With this integration, you can now experience the best of both worlds under one roof.
Usually Algo trading is an expensive game for retail traders. As a Retail trader it is difficult to invest on VPS (Virtual Private Server) / Cloud Instance, High-end Machines, High Speed internet, Live Market Data API, Trading API and hiring a coder to compete with the high networth Algo traders.
Tradetron is basically a multi asset, multi exchange Algo Strategy marketplace which allows people to create algo strategies using web based strategy builder. This allows you to point and click to create conditions and positions which form the building blocks of an algo strategy.
It is the one stop solution for all your worries. It is a reliable platform which is hosted in Cloud to help you to compete with Algo traders with minimum charges starting from Rs. 300 per month.
Let’s look at the 3 key features offered by Tradetron:
If you are a newbie in the Algo Strategy zone, the Algo Marketplace is the right place for you. Here, several creators list their strategy with details of strategy logic, Back testing results, past ROI, Risk Reward ratio, drawdown etc.
You can evaluate the strategy details and subscribe for Automated Trading, some strategies are free and some are paid.
You can test the strategy performance without risking your capital by doing paper trading in Tradetron. You can also deploy any Algo strategy in paper Trading mode where you get to trade with real market price but without using your real money.
They show the Profit and Loss of strategy live On completion of the Paper Trading trial, you can decide whether to go ahead or not. And, this comes without any cost.
Magic of Strategy Building Wizard:
Strategy wizard will help you to create your own strategy or copy other strategies and amend as per your use case. Tradetron offers hundreds of keywords so you can create any strategy without any kind of coding involved.
Tradetron will also allow you to make your successful strategies a money making business by allowing others to follow it and take trades in their own accounts for which you can charge them a fixed and a variable profit sharing fee.
It has paved the way for the development of end-to-end trading services for Paytm Money customers.
To get started with the process, you can log in to https://tradetron.tech and authorize with Paytm Money login credentials.
Steps to start Algo Trading using Tradetron
1. Visit Tradetron website or download the app from Play store/ App Store.
2.Sign up to Tradetron providing basic details
3. Sign In to Tradetron with your credentials
Connecting your Paytm Money account with Tradetron for Algo trading.
To start the Algo Trading you have to connect your Paytm Money account with Tradetron so, Tradetron Algo Engine can automatically place orders in your account.
1. Go to Broker and Exchanges in Tradetron from the top right profile Menu
2, Click on Add Broker
3. Select Paytm Money from the dropdown and click Save
4. Click on the Paytm Money Authorization link as shown in the image
5. Authorization link redirects you to Paytm Money Authorization page. Use your Paytm Money credentials to Authorize Tradetron.
6. After login with your Paytm Money user credentials the user will be redirected to enter the passcode, here you need to add your 4 digit passcode.
7. By entering a valid Passcode, you can see the success message on the Tradetron website. Login with your passcode and you will get the success page. The Success Page signifies that your token has been generated. Please note this token is valid for 24 hours or till 12 AM, so you have to generate the token every day before the market trading hours.
Strategy Subscription and deployment:
Once your Paytm Money Account is configured to Tradetron, the next step is choosing the right strategy for automation. Marketplace will show the best performing & highest users deployed strategies in the top.
1. Go to the Strategies section and select Marketplace from the drop down.
2. Select your choice of strategy and click on subscribe
3. All Subscribed strategies can be accessed from the “My Strategies” section. Click on the “Deploy” button for deployment of strategy.
4. You have to set the multiplier and Execution type as Paper Trading or Live Auto. Select Paytm Money as a Broker and click on deploy.
5. Go to the Deployed section and check the status of deployed strategies. You can Pause or delete the strategy from this section.
6. Dashboard section shows all the deployed strategies position details.
You may watch this video https://www.youtube.com/watch?v=U6GSy-LUH3M to know more about tradetron.
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Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for informational purposes and in no way to be considered as an advice or recommendation. For complete T&C and Disclaimers, visit www.paytmmoney.com. The information is only for consumption by the client and such material should not be redistributed.