Beginner’s Guide to Algo Trading with QuantMan

If you’ve ever wondered how traders make money while they sleep or how computers can buy and sell stocks on their own, then you’re in the right place. This guide will introduce you to the world of automated trading and show you how to get started using QuantMan, one of the best algo trading platforms in India. Let’s break it down in simple words.

What is Algo Trading?

Algo Trading, also known as Algorithmic Trading, is when you let a computer program make trades for you. Instead of watching the markets all day and deciding when to buy or sell, you can create a strategy that follows your rules - and the software takes care of the rest.

For example, you can create a rule or input conditions like:

"If the stock price goes above a certain range, sell it." You cannot directly input this as a condition. However, you can create this as a strategy using indicators. Once done, your entry or exit conditions would look like this.

• Current Close - Crosses above - Range Breakout Low(this is for a range breakout strategy setup)

The software will watch the market for you and make that trade instantly when the condition is met. So, what is algo trading really? In simple terms, it’s trading that uses a set of instructions (an algorithm) to execute orders based on market data.

Why is Algo Trading Popular?

Here are a few reasons why more people are choosing algo trading:

• Speed: Computers are much faster than humans.
• No emotions: Automated strategies follow rules without fear or greed.
• Backtesting: You can test your strategy on past market data before using real money.
• Real-time execution: Your trades happen the moment your conditions are met.
• Saves time: No need to sit in front of the screen all day.

These are just a few of the many algo trading benefits that attract both beginners and professional traders.

What is QuantMan?

QuantMan is an algo trading software designed for Indian traders. Whether you’re a beginner or an expert, it helps you build, test, and automate trading strategies without writing any code. It is considered one of the best algo trading software in India because of its user-friendly tools and advanced analytics.

How to Start Automated Trading on QuantMan

Here’s a step-by-step guide to begin your algo trading journey by developing a strategy on your own and deploying it in live.

1. Create an Account on QuantMan

Visit the QuantMan's official website and sign up. You’ll need your basic details and a broker account linked with QuantMan. Advantageously, QuantMan is integrated with 40+ brokers. Some popular brokers supported include Zerodha, Angel One, and Alice Blue - all of which comply with Algo Trading SEBI regulations in India.

2. Choose or Build a Strategy

You have two choices:

• Use ready-made strategies: QuantMan offers pre-built strategies for you to try.
• Build your own: Use the drag-and-drop builder to create your own algo trading strategy. Just go to the Backtest/Algo page and build your strategies using the tools. You can also add multiple cases to your strategy, add stop loss & trailing stop-loss, set up re-entry & re-execute, and more.

For example, you can create a strategy that buys when the 50-day moving average crosses the 200-day average - a popular algo trading strategy used by technical traders.

Looking for the best algo trading strategy? Start with simple logic and refine over time.

3. Backtest Your Strategy

One of QuantMan’s key features is backtesting. You can test your strategy on years of historical data and see how it would have performed. After creating your strategy, simply tap the Submit button at the bottom. Then, you’ll get backest reports on:

• Total returns
• Win rate
• Maximum drawdown
• Risk-reward ratio and more

This helps ensure your strategy has potential before using real money.

4. Go Live with Paper Trading or Real Funds

If you are convinced of your strategy, you can either implement it in a live or a paper test to know its efficiency. In paper trading, it simulates live trading without using real money.

When you’re ready, connect your broker account and select Deploy it in live to start trading live, directly through QuantMan’s algo trading software in India.

5. Track and Improve Performance

QuantMan provides detailed performance dashboards. You can track:

• Daily profit and loss
• Trade history
• Real-time metrics

These insights help you make smarter adjustments and refine your strategy.

How Much Does Algo Trading Software Cost?

Many people ask about algo trading software price. QuantMan offers different plans depending on your needs, including a free algo trading software trial with basic features. This makes it easier for beginners to test the platform before committing.

Tips for Beginners

• Start small: Don’t invest all your money at once.
• Keep it simple: Use basic logic first.
• Learn the basics: Understand indicators like RSI, MACD, and moving averages.
• Always backtest: Never skip this step.

Why QuantMan is the Best Platform for Beginners

QuantMan stands out among algo trading platforms because:

• It requires no coding
• Supports leading Indian brokers
• Offers both backtesting and live trading
• Provides a user-friendly dashboard
• Delivers affordable pricing with free trials

All these features make it a top contender for the best algo trading platform in India.

Final Thoughts

Algo trading meaning may sound technical, but platforms like QuantMan make it easy for anyone to get started. Whether you’re looking to automate your trades, test new ideas, or learn how algorithms work, QuantMan is built for you.

If you're a beginner wondering how to start automated trading, now is the perfect time. The tools are ready. The platform is trusted. And the opportunity is waiting.

Ready to take your first step? Create a free QuantMan account and explore how easy it is to build and run your own algorithmic trading strategies - no coding needed, no experience required.