What is Algo trading?
Algo trading is also known as Algorithmic trading, is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume.
Algorithmic trading(automated trading, black-box trading, or simply algo trading) is the process of using computers programmed to follow a defined set of instructions for placing a trade in order to generate profits at a speed and frequency that is impossible for a human trader.
While you can build your own algorithm and deploy it to generate buy or sell signals, Manual intervention is needed for placing orders as full automation is not permitted for retail traders.
Traders who want to use this facility but are unaware of coding and technical jargon can use Streak by Zerodha .