What is a Trading Bot?
A trading bot is a program that monitors market data and automatically places, modifies, or cancels orders based on your strategy logic — without manual intervention. It runs 24x7 (or during market hours for equity markets).
How to Build a Trading Bot in India
- Choose your broker and get API access
- Set up Python development environment
- Code your strategy logic (entry, exit, SL/target)
- Add order management (market, limit, SLM orders)
- Add logging and error handling
- Backtest using historical data
- Paper trade for 30 days
- Deploy on a cloud server or VPS
Build vs Buy for Indian Markets
Build Your Own (Python)
Full control, free to run. Requires coding skill. Taught in Simpli Trade Platinum mentorship.
Use AlgoDesk
Pre-built bot infrastructure included in Simpli Trade Gold plan — connect strategies without coding.
Hire a Developer
Faster, but expensive. Best for specific, complex requirements.
Risk Management in Trading Bots
- Always set maximum daily loss limits
- Use position sizing rules, not fixed lot sizes
- Monitor bot performance daily in the first month
- Have a kill switch to stop all orders immediately
- Never run untested strategies with real capital