Nirmal Bang Algo Trading – Review, Benefits, Top Features, Set-up Process & more

Nirmal Bang Algo Trading is, first and foremost, a next-generation concept of stock trading. We are familiar with Nirmal Bang, which is primarily an established stock trading company.

So, apart from their conventional trading platform, they are offering the Algo Trading Platform, which can perform automated stock trading based on predefined parameters.

The Algo Trading is ideal for people who have prior knowledge of stock trading and who are genuinely interested in automated stock trading.

So, if you have a revolutionary and innovative idea, Nirmal Bang urges you to put that into effect by deploying a specific REST API into your existing Trading Terminal.

This strategy is also suitable if you are a Jobber who wants to implement automation in stock trading. Moreover, if you are a dealer, Nirmal Bang Algo Trading Terminal can work on behalf of your clients as well.

Nirmal Bang Securities Offers


Nirmal Bang Algo Trading Review & Ratings

Ratings
CriteriaRatings
Processes6.8/10
Usability6.7/10
Features6.8/10
Speed6.6/10
Performance6.9/10
Overall Ratings6.7/10
Star Ratings★★★★★

About Nirmal Bang Algo Trading

Let us know more about the company that is offering the service first – Nirmal Bang. It is a Mumbai based stock trading company operating in the Indian stock market since the year 1986.

Now, it has successfully become a full-service stockbroking company and offers a wide range of products and services.

Some of the noteworthy mentions are equity, derivatives, IPO, commodities, mutual fund, and many more. Algo Trading is their latest addition in services which they want to excel right now.

For those who are not aware of Algo Trading; it is the future of trading as it is based on computer-generated reports and analysis of data.

So, it interprets all the parameters and trade automatically with the best interest of the clients. However, this service may involve risks, so it is suggested that the clients who want to avail of the service should have fundamental ideas of stock trading.

So, in this article, we will discuss the features that Nirmal Bang is offering as well as the steps to set up this service. And, as always, we will provide our final verdict about the service in the end too.


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Nirmal Bang Algo Trading – Top Features

One thing that you should understand about Algo Trading is that it is 100% customizable. So, it is you who have to set the features that would appear in the Trading Terminal.

Having said so, there are some pre-sets of features that most of the clients do select. So, without further ado, we present to you the features and functionalities of Nirmal Bang Algo Trading:

You can

  1. perform Multi-Leg Strategy execution for Options and Futures.
  2. execute Options 2 Leg.
  3. build the Master Scalping strategy.
  4. deploy the Trend Trader strategy.
  5. use the Candle Breakout strategy.
  6. deploy Jobex strategy by using Amibroker Charting Automation software.
  7. execute the Smart Executor strategy by using Amibroker Charting Automation software.
  8. use Order Slicer & Order Slicer Plus
  9. deploy various Call Executor Strategies.
  10. execute Bracket Orders & Cover Orders.
  11. use the Amibroker linked execution strategy
  12. execute the Jobbing strategy.
  13. deploy the Pivot strategy
  14. Buy or Sell the Call Execution strategies.
  15. use either Pair or Spread Trading strategies.
  16. This is a cutting-edge technology platform and infrastructure.
  17. The futuristic trading platform has a stunning Interface with charting tools.
  18. It can integrate with REST APIs like .NET, REST, Python SDK’s, and many more.
  19. You can develop and customize strategies as per your preference.
  20. The trading platform is Plug-and-play and contains popular strategies, which are pre-loaded and pre-approved.
  21. Algo Trading Platform comes with Stock Exchange approval assistance.

How to Set-up Nirmal Bang Algo Trading?

To be clear, Nirmal Bang Algo Trading involves a cost. It can be one-time costing or a recurring cost depending upon the features and functionalities you choose along with the magnitude of the strategies you want to deploy.

However, here are the steps to set up Nirmal Bang Algo Trading for the Trading Terminal:

  1. The first step involves discussing your trading ideas with Nirmal Bang’s support team.
  2. Based on that conversation, both you and Nirmal Bang will discuss the possibilities of your proposed strategies.
  3. Then, they will provide a price quotation. Now, if you agree to that, they will start configuring the coding API integration.
  4. Next, you have to follow the steps to open an account with Nirmal Bang. We will discuss that in this article later.
  5. Then, the experts of Nirmal Bang will test your strategies and develop the API documents, and finally, start coding.
  6. Once the API documents are ready, you can test it in a live-like simulated tracing environment provided by Nirmal Bang.
  7. The next step involves approval from the Stock Exchange. Nirmal Bang, however, provides full assistance to get approval quicklyOnce, everything is set, you are good to go live.

How to use Nirmal Bang Algo Trading?

To use Nirmal Bang Algo Trading you got to open an account with Nirmal Bang first. Please note that there is no fee to open an account with them.

However, for the Algo Trading, there are fees, which are depending on what strategies you wish to have in your in the Trading Terminal. Meanwhile, here is how you open an account with Nirmal Bang and use the Algo Trading service:

  1. Click on the button below that says “Open Demat Account”
  2. A pop-up form will appear, provide your details like name, mobile no & city
  3. Wait till their representative will give you a call and ask you to submit documents relevant to complete your KYC verification.
  4. Once they verify your submitted documents, you will get the login credential of your account.
  5. Then follow the entire setup steps of Nirmal Bang Algo Trading and go live.

Advantages of Nirmal Bang Algo Trading

First of all, you have to have experience in the stock trading industry to value Nirmal Bang Algo Trading. That said, we are human beings, and unfortunately, we are designed with flaws.

Machines and automated services, on the other hand, are designed to perfect the shortcomings that we, human beings, make. The Similar phenomenon applies to the stock trading industry as well.

So, Nirmal Bang Algo Trading is built with the purpose of reducing human intervention while making critical decisions.

Apparently, it will benefit the client in making more profits. Another significant advantage that you will get while using Algo Trading is faster decision making. We often get either emotional or confused in making a decision. So, Nirmal Bang Algo Trading is suitable in this scenario.


Nirmal Bang Algo Trading – Conclusion

Nirmal Bang is an accomplished stock trading company that has been on the horizon for over 30 years now. So, with all these successful years in operating stock market, they are quite aware of the technological advancements. Thus, the solution that they are offering is robust and hopefully be prompt in the near future.

So, we believe you should get this service as soon as possible provided you have the required experience to understand the process.

Also, you must know that there will always be a risk while you trade. No matter you take help from an automated service, they can make mistakes in calculating. It’s just the probability of a human making a mistake is higher than a machine.


Get Free Access to Nirmal Bang Algo Trading – Open Demat Account Now!

Fill Your Details Here
  1. Open Demat Account

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