What is Excel Based Trading System
Many traders and investors find Excel to be a useful tool in their day-to-day trading activities, as it offers a flexible and customizable platform for data analysis and decision-making. The use of Excel-based trading can range from simple spreadsheets with basic calculations to complex financial models that incorporate advanced mathematical algorithms and real-time market data. We will develop your trading system by using suitable APIs of the supported brokers. One of the excellent features of excel-based trading, which allows you to stream Live Feed directly on an Excel sheet. You can now customize your trades by selecting your watchlist. Along with this facility, we have taken another step in our commitment to ensuring ease of market access and informed investing for our clients.
If you’re an active trader, we believe this feature will be useful for you to apply your custom formulae and analyses the desired outcome, based on the conditions met by the formulae. It provides facility to view your live feeds of selected watchlist in an excel sheet.
How to create an automated excel based trading system?
1. Open an account with one of the supported interactive brokers.
2. Download and install the interactive brokers excel API.
3. Gather Data: Firstly, you need to gather data such as stock prices, volume, etc.
4. Clean and Organize Data: Next, you need to clean and organize the data to ensure that it is ready for analysis.
5. Making trading decisions: Based on the analysis of the market data, you can make informed trading decisions in Excel. For example, you can buy or sell securities based on pre-determined criteria, such as when a stock price reaches a certain level.
6. Integration with trading platform: To automate your trades, you need to integrate your Excel spreadsheet with your broker's trading platform. This typically involves setting up an API connection between the two systems, allowing you to execute trades directly from Excel.
7. Create and test your trading formulas and share with us your trading plans via WhatsApp or call.
8. Backtesting: Once you have a trading model, you can backtest it to see how well it would have performed in the past. This will help you determine the strengths and weaknesses of your model and identify areas for improvement. Once your automated trading system is running smoothly and is profitable, move it to real money.
9. Increase your position size the more it wins and decrease if it gets losses.
How Excel automated trading system works?
Placing order by using Excel includes some of the following simple steps:
1.Click on search button to search stock in which want to place trade and set lot size and expiry date.
2.Set target and stoploss and order type for trading. You can also place basket orders across multiple accounts by clicking on place basket orders button.
How to avail Excel Based trading system?
If you want to execute your trading plans and formulae by using excel to automate your trades then contact us at:
• Phone number: 9738000707
• Email Id: connect@combiz.org
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