API-Based Trading with Navia: Streamlining Automated Trading

API-based trading enables the execution of automated trading strategies according to predefined parameters such as time, price, and value. This method enhances trading efficiency by reducing human intervention and enabling faster, more disciplined trades.

Benefits of API Trading

1. Emotion-Free Trading: Automated trading removes the emotional elements of fear, greed, and hope, ensuring more disciplined and consistent trading practices.
2. Speed: API trading allows for faster order execution compared to manual trading, ensuring timely market entry and exit.
3. Backtesting: Traders can test their strategies against historical data before actual implementation, helping to evaluate strategy performance and efficiency.

Getting API Keys from Navia

To get started with API trading on Navia, follow these steps:

1. Create API links here.
2. Choose the required API links based on the third-party tool you are using.
3. Accept the terms and conditions here.
4. Raise a ticket using the 'Create Ticket' option at the bottom of this article.

Note: Only the Rocket Plus platform supports API trading. If you're not on the Rocket Plus platform, create a support ticket to shift your account, if needed.

Types of APIs Available

1. Market Data API: Provides real-time market data to help make informed trading decisions.
2. Interactive API: Allows for the execution of trading orders based on predefined strategies.

You can subscribe to both APIs or choose one based on the requirements of the third-party tool you use.

Charges

• Cost: Each API costs ₹1500 + GST per month, with a renewal required on the 28th day from subscription. Example: If you subscribe on January 10th, your renewal will be due by February 8th.
• Third-Party Charges: Additional charges may apply depending on the third-party tool.
• Payment: Ensure your account is adequately funded as the charges will be automatically debited from your ledger.

Please note that the charges are non-refundable. Check Terms & Conditions here. 

Managing Different Subscription Dates

Common Renewal Date: If you subscribe to multiple APIs on different dates, the renewal date for all will be set to the date of the first subscription.

Unsubscribing from the API Service: To unsubscribe, raise a ticket using the 'Create Ticket' option at the bottom of this article before the next renewal date (28th day).