Upstox API (Algo Trading) Review

Following is the combined rate limiting for Order Placement APIs

(Place, Modify, Cancel, Multi Order and GTT Order)

With just a few clicks you can create your app for free with Upstox. Below are the steps to use the Upstox API:

1. Sign in to the Upstox mobile app or web platform.
2. Upstox will send you an OTP to verify the mobile number.
3. From the Account tab, go to the Apps section.
4. Click on My Apps.
5. Click on "New App."
6. Create a new app by entering details - app name, description, URL, etc.
7. Get your API key and let the app creation begin.

The existing users need to enter User ID, Password, and Year of Birth in the Upstox API Login URL to access the API services.

1. Upstox Interactive API (Trading APIs)

   Upstox Interactive APIs are the trading APIs that allow users to place, modify and cancel trading orders of various types like regular orders, after-market orders, cover orders, bracket orders, and GTD orders. Upstox Trading API also helps users retrieve their positions, balance, holdings, manage user portfolios, faster order execution, and access Trade book and Trade History.

2. Upstox Historical API

   Upstox Historical API offers OHLC (Open High Low Close) historical data for a range of different time intervals ranging from 1 min to 1 month. It stores back-dated data since 2005. Upstox Historical API helps you to backtest your strategy using relevant data from the past. Users can analyze the market performance of their trading strategies and implement or modify them as per their requirements.

3. Upstox WebSocket API

   Upstox WebSocket API allows you to receive various types of updates like order updates, trade updates, and quote updates for all instruments across NSE, BSE, and MCX.

4. Upstox TradeButton API

   Upstox TradeButton API allows users to add one-click buttons to the apps or webpages that allow order placement and trade execution. You can either add Upstox branded order placement buttons or custom buttons to your webpage. The TradeButton API provides a facility for users to create a buy or sell single or basket order or mixed basket order.

Upstox API Example

Upstox API makes trading easy and convenient for traders. Let us see some examples of how Upstox APIs are useful for traders:

Example 1

The Upstox APIs connect traders directly with the stock markets and view real-time data and prices of stocks. Using Upstox API, you can book a profit on shares by selling them at a specified price even without sitting in front of the screen and tracking markets. Users can create a set of instructions through which the order gets auto executed once the stock reaches your desired target price.

Example 2

API also helps you in margin calculations. Using Upstox APIs, you can know all the margin requirements (viz. Span, Exposure, Option premium, Cash margin, VAR margin, etc.) for a list of stocks together. It becomes significant when users need to know the margins requirements for a list of securities at once as they don't need to put details of each stock one by one.

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