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PraxAlphaby CloudPrax
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How it works

From invitation to your first order

Setup takes a few minutes. After that, every signal follows the same checked path to your broker.

One-time setup

Get ready to trade

  1. 1

    Create account (by invitation)

    Request access. Approved users receive an invitation to create an account and enable two-factor authentication.

  2. 2

    Connect Zerodha

    Authorise PraxAlpha on Zerodha's own Kite login page. We receive an access token, never your password, PIN or TOTP.

  3. 3

    Configure trading capital

    Set the maximum capital PraxAlpha may use. This is enforced independently of your broker balance.

  4. 4

    Set daily profit/loss limit

    Choose where the day stops, on the downside and the upside.

  5. 5

    Select strategy

    Pick one or more NIFTY/BANKNIFTY strategies, set parameters, and choose auto or confirm-to-trade.

  6. 6

    Enable trading

    Switch the strategy on. Until you do, nothing is traded.

During market hours

What happens on every signal

  1. 7

    Signal generated

    A strategy's rules are met on live market data and it proposes a trade.

  2. 8

    Risk engine validation

    Capital, fund limits, daily P&L limits, time window, quantity and instrument are checked. Anything that fails is rejected and logged.

  3. 9

    Order sent to Zerodha

    The order engine places the order through Kite Connect and tracks it until filled, rejected or cancelled.

  4. 10

    Dashboard updated

    Positions, P&L and limit headroom update in real time and alerts go to your chosen channels.

Architecture

Signal generation is separate from order execution

Strategies never talk to the broker. They can only emit signals. Every signal must pass the risk engine, and only the order engine can call the Kite API. A bug or unexpected condition in a strategy therefore cannot bypass your limits.

  1. 01

    Market data

    Live ticks and candles from Kite

  2. 02

    Signal engine

    Strategies evaluate your rules

  3. 03

    Risk engine

    Limits checked on every order

  4. 04

    Order engine

    Places and tracks orders

  5. 05

    Kite API

    Your Zerodha account

  • Market data streams from Kite and is turned into candles the strategies evaluate.
  • Risk engine is the single gate. In confirm-to-trade mode, your confirmation happens before this check, not instead of it.
  • Order engine places, tracks and reconciles orders, and performs the 15:10 IST square-off.

Private beta, by invitation

We are onboarding a small number of Zerodha users. Tell us a little about yourself and we will be in touch.

Request access