For the first question,
I'd recommend Algorithmic Trading: Winning Strategies and Their Rationale by Ernie Chan. This book is comprehensive and covers all facets of algorithmic trading, including strategy development and risk management. It's highly approachable even for readers without a programming background, making it a valuable resource for beginners and experienced traders alike.
Now, moving on to the second question...
When it comes to the best automated algo trading services in India, there's no one-size-fits-all answer as different platforms cater to varied needs. Leading platforms like TradingView, Tradetron, and Quantman have revolutionized the algo trading space, enabling office-goers, business professionals, and even homemakers to create, backtest, and deploy their own strategies seamlessly. This has democratized trading and provided opportunities for earning side income.
TradingView is known for its comprehensive charting tools and community-based strategy sharing, making it ideal for traders with a hands-on approach. Tradetron offers a no-code strategy builder and multi-broker support, which is perfect for those who prefer versatility. Quantman stands out for its advanced backtesting capabilities and robust data analytics, which appeal to data-driven traders.
However, the catch with most of these platforms is that you need to have some technical knowledge and a solid strategy to start with. For those who are looking for ready-to-deploy strategies, AlgoPloy could be a game-changer. This platform provides pre-designed, backtested, and stress-tested strategies, curated by quant experts. Strategies are built using advanced techniques like Market Profile and Order Flow, focusing on consistency and reliability.
AlgoPloy is designed for those who want to engage in algo trading without the time or expertise required to develop strategies from scratch. With an initial capital requirement of Rs 1 lakh and a monthly subscription fee of Rs.1,499, you can access these expert-built strategies and let them trade on your behalf. This is particularly appealing for traders who want steady returns and a hands-off trading experience.
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