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AmiBroker Odin Trading Bridge

What is it?

It is a two way interface between AmiBroker (Charting and Technical Analysis Platform) and ODIN Trading Platform (OMS developed by Financial Technologies). This Bridge automates most of the recurrent tasks associated with trading – such as :
  • Place / Modify / Cancel Order
  • Check Order Status
  • Get Positions
  • Cancel All Orders
  • Close All Orders

Current issues

Currently traders maintain non-connected setups for Technical Analysis and Order Management. Whenever trading signal triggers in charting platform, traders place order in their trading platform manually. For frequent day-traders, this is error-prone, time-consuming & needless duplication of efforts.

How they are solved ?

Global Datafeeds addresses this pain-point by connecting the Analysis and OMS setups – thanks to cutting edge technologies from Financial Technologies ODIN Platform – as shown below.

How it works?

Whenever signal triggers in charting / analysis platform, it instantly reflects in OMS – picking up the details of the intended trade from the analysis platform automatically. Then depending on the status of the user, the order will be placed on the exchange as per following 2 scenarios*.
  • If the user is a Dealer :
    The order so reflected in charting platform will directly be placed on the exchange.
  • If the user is a Retail Trader :
    The order so reflected in charting platform will reflect in ODIN. The user will have to review and accept the order so that it is placed on the exchange.
* As per SEBI / Exchange Regulations. Please consult your broker to know more.

Benefits for Trader :

  • Place orders for multiple symbols from multi-strategy, multi-chart setups simultaneously.
  • Reduced roundtrip-time from signal generation to order execution
  • Efficient handling of the trades
  • Place / Modify / Cancel orders, Get Order Status, Get Net Position – all from single screen
  • Easy and convenient – trader never leaves his analysis platform
  • More Trading Opportunities
  • Error and stress free
Steps to get AmiBroker-ODIN Trading Bridge – For Trader

Benefits for Broker:

  • User Stickiness
  • More trades mean more brokerage – 19-21% increase in brokerage*
  • Customer retention for longer periods due to rules-based trading
Steps to make AmiBroker-ODIN Trading Bridge available to clients – For Broker

Features :

  • No Programming Knowledge is required to use it.
  • Supports multi-symbol, multi-strategy, multi-chart setups
  • Can be applied to existing trading strategies without writing / editing any code
  • Low latency
  • Support for Line Pair Trading (LPT). Enter/exit positions based on positions of 2 user-drawn lines (Buy & Sell) in Chart.
  • Users can use LPT & strategy-based trading exclusively or combine them in any manner. For example :
    • entry by LPT and exit by LPT – useful for users trading short term trends or part-time traders or traders without programming knowledge.
    • entry by strategy and exit by LPT – useful for profit-protect / stoploss orders
    • entry by LPT and exit by strategy – useful if you login late or decide to trade a signal after some time but once entered, want to exit as per the strategy only.
    • entry by strategy and exit by strategy – useful for traders who trade on readymade trading strategies from strategy vendors or traders who have their entry/exit rules written and prefer to follow the rules strictly
  • Can add Target based Exits automatically
  • Can add Trailing Stoploss automatically
  • Supports Manual Trading from chart using only mouse clicks.
  • Supports Buy/Sell as well as Short/Cover orders (doubles quantity automatically for stopand-
    reverse type of orders)
  • Place / Modify / Cancel Orders, Check Order Status, Get Position, Cancel All Orders,
    Square Off All Orders*
  • Facility to close positions on chart before market close everyday – useful for strict intraday
    traders.
  • Built-in facility to see detailed Profit / Loss Report (daily, weekly, monthly, yearly reports)
    and facility to get report between any 2 custom dates.
  • Misc. convenience features : Entry line, dynamically updating CMP Line (like in
    MetaTrader), profit/loss status of current trade on last (realtime) candle.
       and…
  •  No special hardware setup is needed to run algo-trading – can run on normal computer
  • 2 minutes setup – An easy installer which  installs all necessary components in one go
  • Simple to use interface with drag-n-drop operations
  • Sample Strategy for testing
  • Live Chat, remote desktop and email support
Last but not the least…
  • Affordable Pricing

Minimum Requirements :

Users desirous to have this facility will need following :
  1. AmiBroker 
  2. Realtime data from us (Any of our data product NimbleDataPro, NimbleDataPlusLite, NimbleDataProPlus)
  3. AmiBroker-Odin Trading Bridge (included with the standard installation of our data products)
  4. Trading Account with any broker providing latest ODIN Trading Platform (please consult your broker).

What next ?

Thousands of users are already using our solutions to stay ahead. You too can use them for your personal trading without any additional costs.
What more, if you are a broker and wish to offer our solutions to your users, we can offer a special price of our products for your clients. Join the revolution !

Support

For instant support during working hours, please contact us on Live Chat

Disclaimer

To trade stock market instruments by using Trading Plugins IS VERY RISKY. Please read following carefully BEFORE TRYING / USING this facility
  • This trading interface provides bridge between signals triggered in AmiBroker BY  YOUR TRADING STRATEGIES and ODIN (Financial Technologies Trading Platform) given to you by your broker.  You should check working of your strategy code thoroughly (including working of this trading interface) to make sure it works as per your expectations before actually using it with real money.
  • Trading Interface is intended to make trading easier and faster but IT IS NOT INTENDED TO BE RUN WITHOUT SUPERVISION.DO NOT LEAVE TRADING UNATTENDED as certain circumstances may occur like internet failure, software crash, etc. which may lead to serious financial losses.
  • While we have rigorously tested this trading interface, ERROR-FREE WORKING IS NOT AT ALL GUARANTEED. UNDER NO CIRCUMSTANCES, GLOBAL FINANCIAL DATAFEEDS LLP AND ANY OF ITS ASSOCIATES, EMPLOYEES, OWNERS, ETC. WILL BE RESPONSIBLE FOR ANY DIRECT OR CONSEQUENTIAL LOSS DUE TO INCORRECT, FAULTY OR NO SIGNALS GENERATED THROUGH ITS PRODUCTS.

Change Log

version 1.1 – 
Launched Trading Plugin with multi-symbol, multi-chart, multi-strategy functionality.