How to automate trading without coding with broker in India?

Automating Trading with FindNex (No-Code)

Let's take Zerodha API for broker integration and build algo trading bot without a single line of code to automatically trade in live market by screening selected NSE stocks and placing automated orders with broker. Configure and manage risk with positions monitoring.

Phase 1: Setup & Prerequisites

Step 1: Account Setup

• Open a Zerodha trading and demat account (if not already done)
• Ensure you have active subscriptions for required segments (Equity, F&O, etc.)
• Complete KYC and activate your account

Step 2: Enable Zerodha API Access

• Log into Zerodha developer platform
• Navigate to "Apps" section in your account settings
• Subscribe to Kite Connect API (Monthly fee applicable)
• Generate your API credentials (API Key and API Secret)

Step 3: FindNex Account Creation

• Visit FindNex website and sign up
• Choose appropriate subscription plan based on your needs
• Install Windows OS based FindNex software 

Phase 2: Integration

Step 4: Connect Zerodha to FindNex

• Go to "Broker Integration" or "Connect Broker" section
• Select Zerodha from the list of supported brokers
• Enter your Zerodha API credentials (API Key, Secret, Client ID)
• Complete the authorization process through Zerodha's OAuth
• Verify successful connection 

Phase 3: Strategy Development

Step 5: Define Your Trading Strategy

• Decide on your trading approach:
  • Indicator-based (Moving Averages, RSI, MACD, etc.)
  • Pattern-based (Breakouts, Support/Resistance)
  • Time-based (Opening range breakouts, specific time entries)

Step 6: Build Strategy in FindNex (No-Code Interface)

• Use FindNex's visual strategy builder
• Set entry conditions using drag-and-drop interface:
  • Select indicators from dropdown menus
  • Define threshold values
  • Combine multiple conditions with AND/OR logic
• Set exit conditions:
  • Target profit percentage or points
  • Stop loss levels
  • Trailing stop loss parameters
  • Time-based exits

Step 7: Configure Position Sizing & Risk Management

• Set capital allocation per trade
• Define maximum position size
• Set daily loss limits
• Configure maximum number of trades per day
• Set position holding duration limits

Phase 4: Testing & Validation

Step 8: Live test Your Strategy

• Run live test on your strategy
• Analyze results:
  • Win rate
  • Average profit/loss
  • Total returns

Step 9: Paper Trading (Simulation)

• Enable paper trading with live test mode in FindNex
• Run your strategy in real-time without actual money
• Monitor for 1-2 weeks minimum
• Check for:
  • Execution accuracy
  • Slippage patterns
  • Strategy behavior in different market conditions
  • Any unexpected errors or issues

Phase 5: Live Deployment

Step 10: Configure Live Trading Parameters

• Switch from paper trading to live mode
• Set up real-time market data feeds
• Configure order types (Limit, SL, SL-M)

Step 11: Set Up Alerts & Notifications

• Configure notification channels:
  • Telegram bot integration
• Set up alerts for:
  • Trade entries and exits
  • Stop loss hits
  • Daily P&L thresholds
  • System errors or connection issues

Step 12: Risk Controls & Circuit Breakers

• Set maximum daily loss limit (auto-shutdown)
• Configure maximum capital deployment
• Set position concentration limits
• Enable forced square-off before market close (for intraday)

Phase 6: Monitoring & Optimization

Step 13: Daily Monitoring Routine

• Check system status at market open
• Authenticate broker connection is active
• Monitor initial trades for proper execution
• Review any pending orders or errors
• Check margin availability

Step 14: Performance Review

• Weekly analysis of strategy performance
• Maintain trading journal/log

Step 15: Strategy Optimization

• Based on live performance, adjust:
  • Entry/exit parameters
  • Position sizing
  • Risk management rules
  • Time filters
• Implement changes gradually

Phase 7: Advanced Features (Optional)

Step 16: Multi-Strategy Deployment

• Run multiple strategies simultaneously
• Allocate different capital to each strategy
• Diversify across timeframes and instruments

Step 17: Portfolio Management

• Set portfolio-level risk limits
• Implement correlation checks
• Configure dynamic position sizing based on market volatility

Important Considerations:

Regulatory Compliance:

• Ensure compliance with SEBI regulations
• Maintain proper tax records of all trades
• Understand margin requirements and penalties

Technical Requirements:

• Stable internet connection (backup recommended)
• Keep system running during market hours
• Consider cloud-based deployment for reliability

Costs to Factor:

• Zerodha brokerage fees
• Kite Connect API charges (if applicable)
• FindNex subscription fees
• Data feed charges (if applicable)
• STT, transaction charges, GST

Note & Disclaimer:- FindNex is a technology provider only and user has full control to create their own algo trading strategies, connect to broker api and trade based on user’s own trading rules and preferences. We do not store any users credentials and strategy data. At FindNex we only maintain signal and trade logs for user’s analytics.