Create Algo Trading on Zerodha Kite with FindNex in 5 Minutes

This step by step guide is for the first‑time users. By the end of this document, you will be able to:

• Create your first working algo in under 5 minutes

• Understand how to build simple → advanced strategies

• Safely deploy strategies for paper trading or live trading

No Coding Needed To Create Trading Algos On FindNex Windows Terminal.

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What You Will Need Before Starting (Prerequisites)

Before opening FindNex, make sure you have:

✅ A Zerodha trading account (mandatory for live execution)
✅ Zerodha Kite API access enabled (Click here to create Zerodha Kite API key and Security)
✅ Basic understanding of: price, volume, indicators (no programming)

💡 If you don’t have API access yet, you can still try build and simulate stock screening algos on Demo FindNex NSE screener

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1. Create Your FindNex Account (1 Minute)

1. Go to https://findnex.com

2. Click Start Free Trial

3. Sign up using email or Google

4. Verify email and log in

Once logged in, you will land on the Dashboard.

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2. Download Windows Terminal For Zerodha (Optional for Learning, Required for Live Trading)

1. Go to Products...

2. Select Zerodha & download latest version of ZeroToolSetup.

3. Install FindNex ZeroToolSetup (You may ignore the Windows antivirus/defender warning) and install the tool on windows machine.

4. After installing the ZeroTool, enter Zerodha credentials in the left-botton section of the users screen after log in.(Using FindNex platform email id and password.

:

• API Key

• API Secret

• Zerodha User ID

• Zerodha Password

Click on "Save Credential" (Note: Credentials are saved on your local PC and FindNex does not have have access to user's private data.)

1. After saving credential, you need to create access token to provide ZeroTool to access your Kite account by clicking Create (on top-right)

1. Complete Zerodha login popup

✅ You are now authorized to analyze selected stock data and place trades without sharing funds or credentials.

🔐 FindNex is non‑custodial — it only sends orders, it never holds money.

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3. Create Your First Algo (Under 2 Minutes)

Step 3.1: In FindNex Terminal Algo Builder

1. From Strategy Builder Create Algo / New Strategy based on indicator, volume, etc.

2. From symbols select NSE Equity (Stocks)

3. Save selected stocks for algo stocks screening

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Step 3.2: Define Entry Condition (Simple Strategy)

Example: Buy stock when price breaks above 20‑EMA

1. Select Symbol → e.g., RELIANCE

2. Add Condition:

   • Indicator: EMA

   • Period: 20

   • Condition: Price > EMA(20)

3. Timeframe: 5 min

This alone is a valid algo.

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Step 3.3: Define Exit (Mandatory)

1. Add Stop Loss

   • Type: Percentage

   • Value: 1%

2. Add Target

   • Type: Percentage

   • Value: 2%

FindNex will not allow unsafe algos without exits.

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Step 3.4: Capital & Quantity Rules

1. Choose Position Size:

   • Fixed Capital (e.g., ₹10,000)

   • OR Fixed Quantity

2. Max trades per day: 1–3 (recommended)

Click Save Strategy.

🎉 Your first algo is ready.

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4. Run Algo in Paper Mode (Highly Recommended)

Before live trading:

1. Toggle Paper Trade by selecting/deselecting Long/Short in Trading Type section.

1. Configure Trade Start / End Timings for Algo

2. Observe:

   • Entry signals

   • PnL simulation

   • Risk behavior

Paper trading helps validate logic without risk.

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5. Move to Live Trading (When Ready)

Once confident:

1. Switch from Paper → Live | Toggle (means select the trading type to actually placing automated trades when rules are true)

2. Review and confirm trade in market (Equity / Option (only in full version)) & capital settings.

3. Click Start Live Algo by starting live monitoring (Monitor Opportunities) of stocks screening.

4. When your algo rules will come true, orders will now be placed directly in Zerodha (based on your capital settings and subject to funds availibility in broker's account)

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Building More Advanced Strategies

Level 1: Simple Indicator Strategy (Beginner)

Example: RSI Buy Strategy

• Buy when RSI(14) < 30

• Sell when RSI > 50

Use cases:

• Swing trading

• Mean reversion

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Level 2: Multi‑Condition Strategy (Intermediate)

Example: Trend + Momentum

Buy when:

• Price > EMA(50)

• RSI > 55

• Volume > 20‑period average

This reduces false signals.

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Level 3: Time‑Based & Market Filters

Add controls like:

• Trade only between 9:30 – 11:30

• Avoid trading on expiry day

• Skip first 15 minutes

These filters improve consistency.

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Level 4: Options Strategies (Advanced)

FindNex supports:

• ATM / OTM selection

• Expiry auto‑selection

• SL & trailing SL

Example:

• Buy ATM CE when BankNifty breaks previous high

• SL = 20%, Target = 40%

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Level 5: Portfolio & Risk Management (Pro)

Advanced users can:

• Limit max daily loss

• Stop all algos after X losses

• Run multiple algos with capital caps

This is how professional desks operate.

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Common Beginner Mistakes (Avoid These)

❌ Running live without paper testing
❌ No stop loss
❌ Over‑optimizing indicators
❌ Trading too many symbols

✔ Simple strategies work best.

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How FindNex Helps You Win

• No coding required

• SEBI‑aware risk controls

• Live analytics & logs

• Community advisors strategies recipies

• Broker‑level execution

Algo trading is about discipline, not prediction.

For any further questions? Submit Demo Request to contact our FindNex support/advisors team to support.