Platforms You Can Use to Run Your Algo

So, you've got your strategy. You know how data works. Now the big question:

"Where do I actually build and run my algo?"

In this chapter, we’ll explore the types of platforms available to traders like you — especially those who don’t want to write code.

Two Main Types of Platforms

1. No-Code Platforms
   

These are tools where you can create strategies by just selecting conditions from dropdowns. No programming, no tech jargon. Just logic.

✅ Best for beginners
✅ Simple UI
✅ You define rules like:

• RSI < 30 → Buy
  
• Price crosses above 50 EMA → Sell
  

These platforms let you:

• Backtest your strategy
  
• Paper trade or go live
  
• Get alerts or execute trades automatically
  

Think of it like using a mobile app — click, tap, done.

2. Code-Based Platforms

These are for those who are comfortable with a bit of coding (usually Python).

Here, you write the full logic of your strategy and control every little detail.

✅ Best for advanced users
✅ More customization
✅ Can handle complex logic or data

You can:

• Connect to broker APIs
  
• Automate multiple strategies
  
• Do custom backtesting with large datasets
  

Think of this like building your own robot from scratch.

Backtesting & Live Trading

No matter what platform you use, the process usually looks like this:

1. Backtesting
   You upload or use historical data to see how your strategy would’ve performed in the past.
   

2. Live Trading
   Once you’re ready, you turn on live mode. The algo will place real trades in your account based on your logic.
   

You control:

• Capital used per trade
  
• Stop-loss and targets
  
• Number of trades per day
  
• When to start or stop the algo
  

What to Look for in a Good Platform

Before choosing any platform, ask:

• Is it beginner-friendly?
  
• Does it offer backtesting and live trading?
  
• Can you set stop-losses, targets, and position sizing easily?
  
• Does it work with your broker account?
  

Also check: • Charges (monthly or per trade fees)
• Community or support
• Stability during market hours

Note: In India, all these tools must connect via broker-approved APIs under SEBI rules. Make sure your setup is compliant before going live.

Final Thought:

You don’t need to be a tech expert or spend lakhs to start algo trading.

Today’s tools are designed to make this journey easy — even for first-time traders.

You can literally build your first algo in under 15 minutes.

In the next module, we’ll actually do just that — create your first algo trading strategy (no coding needed).

Excited? Let’s go!