Bigul Algo Trading Review: Revolutionizing Algorithmic Trading
With the new tools in the market, algorithmic trading is just not limited to large financial institutions. Thanks to platforms like Bigul Algo Trading, making algorithmic trading accessible to retail traders. In this Bigul Algo Trading review we will be exploring the benefits and features of the platform and how it stands out compared to its competitors such as Tradetron, AlgoBulls, and Quantman. AlgoBulls Algo Trading is a platform for everyone regardless of the experience. So, whether you are an experienced trader or fairly new to the market, this Bigul Algo Trading review will help you understand why this platform could be the right fit for you to take your trading to another level!
What is Bigul Algo Trading?
As the name suggests, Bigul Algo Trading is an algorithmic trading platform made by Bigul. It allows traders to automate their strategies and execute them automatically with no human intervention. Bigul uses state of the art tools to make sure the trades are executed in a timely manner with no delay! Bigul Algo Trading is one of the only SEBI registered Algorithmic Trading Platform!
Key Features of Bigul Algo Trading
1. User-Friendly Interface
Whenever we review an algorithmic trading platform, the first thing we consider is the User Interface. Same was for Bigul Algo Trading review! We had to make sure whether the platform will suit not only advanced traders but also beginners. The platform’s user interface ensures a smooth and hassle free experience. This allows you to focus on your strategy rather than focusing on the capabilities of the platform.
2. Backtesting and Simulation
Like every other algorithmic trading platform, Bigul Algo Trading also has a backtesting feature. Although we did not find it to be powerful enough as other platform such as Tradetron, it still does the work to give you an idea of how Bigul may perform in live market, reducing the risk of potential losses and increasing the likelihood of success.
3. Real-Time Data and Analytics
Real time data and analytics are by far the most important features of every algorithmic trading platform. Even a slight delay can lead to your strategy making losses instead of profits. This is why Bigul supports Real Time Data with minimal delay and gives an advantage over a fast-paced trading environment.
4. Customizable Strategies
Bigul supports a wide range of trading strategies, from simple moving averages to complex multi-leg options strategies. Traders can customize their algorithms to fit their unique trading styles and risk tolerance.
5. Integration with Multiple Brokers
Despite the platform being created by Bigul, it supports multiple brokers. The advantage for Bigul customers is that it lets you enjoy the platform at no charge! You save thousands of rupees if you are using Bigul as your broker partner.
6. Automated Execution
Human intervention leads to emotional decisions being made. With algorithmic trading, if you tested your strategy, and believe in it, you can just execute it and leave it but keep checking for errors and check if your specified stop loss is being missed. Rest, leave it to the algorithm to do the work.
Benefits of Using Bigul Algo Trading
1. Increased Efficiency
With human trading, you might many opportunities even though you did not want to. Every second is important when it comes to trading. Bigul Algo Trading does all the calculation for you so that you do not miss any opportunity.
2. Reduced Emotional Bias
One of the most heard reasons for losses in the trading market is no doubt emotional bias. Bigul Algo Trading eliminates this by executing strategies automatically with no human intervention required.
3. Access to Advanced Tools
Advanced tools are not just limited to institutional traders anymore! Bigul gives you the advantage of providing every data and advanced tools for analytics which were previously only available to institutional investors.
4. Risk Management
Bigul offers features like backtesting so you can backtest your strategy before deploying it on your live account. This allows you to check your strategy for potential losses and take precautions accordingly. You can integrate more effective stoploss with this!
5. Scalability
Bigul’s Algo trading is not just for small accounts. Algorithmic Trading is great when it comes to big accounts as it lets you execute more big orders eliminating the limits set by your broker and the exchange.
Why Choose Bigul Algo Trading?
1. Reputation and Reliability
Bigul already has a great reputation. Unfortunately, most of the algorithmic trading tools in the market are not regulated and not SEBI registered. Bigul’s Algorithmic Trading platform is one of the first platform to be a SEBI registered algorithmic trading platform.
2. Excellent Customer Support
Bigul has an excellent customer support and they attend you in no time unlike other brokers where you have to wait for hours before finally being attended. This could lead to huge losses in some situations. This is why it is important to choose a broker with an excellent customer support such as Bigul Algo Trading.
Conclusion
Bigul Algo Trading is a trustworthy platform due to regulation by SEBI. It is a great platform for both beginners as well as experienced traders. With its user friendly design, it lets traders create strategies with least efforts. Moreover, the platform caters to big traders with huge capital and quantity. Bigul Algo Trading is a top choice for another looking to automate their strategies. Bigul can help you reduce emotional bias for more effectiveness of your strategy which may lead to you being a successful trader.
FAQs
Q1: Is Bigul Algo Trading suitable for beginners?
Yes, Bigul Algo Trading being made by Bigul integrates seamlessly with the platform making it easier for beginners to use it. The platform also offers webinars and tutorials on Youtube to help you get started.
Q2: Can I test my trading strategies on Bigul before going live?
Yes, why not. Bigul has a backtesting feature which offers historical data and lets you test your strategy in order to verify its effectiveness before deploying it in the live market.
Q3: Does Bigul integrate with all brokerage accounts?
Despite being created by Bigul, Bigul Algo Trading platform is available across multiple brokers offering flexibility and convenience. We recommend checking the list of supported brokers on the official website of Bigul as they keep adding support for more brokers.
Q4: How does Bigul ensure the security of my trading data?
The government of India has already announced various laws to prevent data leaks and protect your privacy. Bigul has advanced security measures which protect your trading data and ensure privacy and safety when trading online.
Q5: Is customer support available 24/7?
Unfortunately, the support is not 24/7 and only available during office hours. But if you have an urgent issue which can impact your market position, the support will take immediate actions to help you out. We recommend checking the supports hours on the official website of Bigul as it is subject to change.
Wanna check a similar platform to Bigul Algo Trading? Checkout our Tradetron Review!
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