Contents
Brokerages
Zerodha
Introduction
QuantConnect enables you to run your algorithms in live mode with real-time market data. We have successfully hosted more than 200,000 live algorithms and have had more than $15B in volume traded on our servers since 2015. Brokerages supply a connection to the exchanges so that you can automate orders using LEAN. You can use multiple data feeds in live trading algorithms.
Zerodha was founded by Nithin Kamath in 2010 with the goal to break all barriers that traders and investors face in India in terms of cost, support, and technology. Zerodha provides access to India Equities for clients in India with no minimum balance required. Zerodha also provides a mutual fund investment platform and an interactive portfolio dashboard.
Account Types
Zerodha supports cash and margin accounts.
SetBrokerageModel(BrokerageName.Zerodha, AccountType.Cash); SetBrokerageModel(BrokerageName.Zerodha, AccountType.Margin);
self.SetBrokerageModel(BrokerageName.Zerodha, AccountType.Cash) self.SetBrokerageModel(BrokerageName.Zerodha, AccountType.Margin)
Zerodha only supports trading Indian Rupees.
SetAccountCurrency("INR"); self.SetAccountCurrency("INR")
Create an Account
Follow the account creation wizard on the Zerodha website to create a Zerodha account.
Paper Trading
Zerodha doesn't support paper trading.
Asset Classes
Our Zerodha integration supports trading Indian Equities.
AddEquity("YESBANK", Resolution.Minute, Market.India); self.AddEquity("YESBANK", Resolution.Minute, Market.India)
If you call the SetBrokerageModel method with the correct BrokerageName, then you don't need to pass a Market argument to the AddEquity method because the brokerage model automatically selects the correct market.
Assets Available
Refer to the India Equities dataset to see the assets available.
Orders
We model the Zerodha API by supporting several order types, supporting order properties, and order updates. When you deploy live algorithms, you can place manual orders through the IDE.
Order Types
Zerodha supports the following order types:
MarketOrderLimitOrderStopMarketOrderStopLimitOrderMarketOnOpenOrderMarketOnCloseOrderLimitIfTouchedOrder
MarketOrder(_symbol, quantity); LimitOrder(_symbol, quantity, limitPrice); StopMarketOrder(_symbol, quantity, stopPrice); StopLimitOrder(_symbol, quantity, stopPrice, limitPrice); MarketOnOpenOrder(_symbol, quantity); MarketOnCloseOrder(_symbol, quantity); LimitIfTouchedOrder(_symbol, quantity, triggerPrice, limitPrice);
self.MarketOrder(self.symbol, quantity) self.LimitOrder(self.symbol, quantity, limit_price) self.StopMarketOrder(self.symbol, quantity, stop_price) self.StopLimitOrder(self.symbol, quantity, stop_price, limit_price) self.MarketOnOpenOrder(self.symbol, quantity) self.MarketOnCloseOrder(self.symbol, quantity) self.LimitIfTouchedOrder(self.symbol, quantity, trigger_price, limit_price)
Order Properties
We model custom order properties from the Zerodha API. The following table describes the members of the IndiaOrderProperties object that you can set to customize order execution:
| Property | Description |
|---|---|
Exchange | Select the exchange for sending the order to. The following instructions are supported:
|
ProductType |
A ProductType instruction to apply to the order. The IndiaProductType enumeration has the following members:
|
TimeInForce | A TimeInForce instruction to apply to the order. The following instructions are supported:
|
public override void Initialize()
{
// Set default order properties
DefaultOrderProperties = new IndiaOrderProperties(Exchange.NSE, IndiaOrderProperties.IndiaProductType.NRML)
{
TimeInForce = TimeInForce.GoodTilCanceled,
};
}
public override void OnData(Slice slice)
{
// Use default order order properties
LimitOrder(_symbol, quantity, limitPrice);
// Override the default order properties
LimitOrder(_symbol, quantity, limitPrice,
orderProperties: new IndiaOrderProperties(Exchange.BSE, IndiaOrderProperties.IndiaProductType.MIS)
{
TimeInForce = TimeInForce.Day,
};
LimitOrder(_symbol, quantity, limitPrice,
orderProperties: new IndiaOrderProperties(Exchange.BSE, IndiaOrderProperties.IndiaProductType.CNC)
{
TimeInForce = TimeInForce.GoodTilDate,
};
} def Initialize(self) -> None:
# Set the default order properties
self.DefaultOrderProperties = IndiaOrderProperties(Exchange.NSE, IndiaOrderProperties.IndiaProductType.NRML)
self.DefaultOrderProperties.TimeInForce = TimeInForce.GoodTilCanceled
def OnData(self, slice: Slice) -> None:
# Use default order order properties
self.LimitOrder(self.symbol, quantity, limit_price)
# Override the default order properties
order_properties = IndiaOrderProperties(Exchange.BSE, IndiaOrderProperties.IndiaProductType.MIS)
order_properties.TimeInForce = TimeInForce.Day
self.LimitOrder(self.symbol, quantity, limit_price, orderProperties=order_properties)
order_properties = IndiaOrderProperties(Exchange.BSE, IndiaOrderProperties.IndiaProductType.CNC)
order_properties.TimeInForce = TimeInForce.GoodTilDate
self.LimitOrder(self.symbol, quantity, limit_price, orderProperties=order_properties)
Updates
We model the Zerodha API by supporting order updates.
var ticket = LimitOrder(_symbol, quantity, limitPrice); var updateSettings = new UpdateOrderFields(); updateSettings.LimitPrice = newLimitPrice; ticket.Update(updateSettings);
ticket = self.LimitOrder(self.symbol, quantity, limit_price) updateSettings = UpdateOrderFields() updateSettings.LimitPrice = new_limit_price ticket.Update(updateSettings)
Fees
We model the order fees of Zerodha with its Equity Intraday fee structure. The following table shows the fees:
| Charge Item | Fee |
|---|---|
| Brokerage Fee | ₹20 per trade or 0.03% (whichever is lower) |
| Exchange Transaction Charge | 0.00345% |
| Securities Transaction Tax | 0.025% |
| Goods and Services Tax | 18% |
| SEBI Charges | 0.0001% |
| Stamp Duty | 0.003% |
To view the latest fees, see the Charges page on the Zerodha website.
Margin
We model buying power and margin calls to ensure your algorithm stays within the margin requirements.
Buying Power
Zerodha allows up to 5x leverage for margin accounts, but the amount of margin available depends on the Equity and product type. To check the amount of margin available for each asset, see the Margin Calculator on the Zerodha website.
Margin Calls
Regulation T margin rules apply. When the amount of margin remaining in your portfolio drops below 5% of the total portfolio value, you receive a warning. When the amount of margin remaining in your portfolio drops to zero or goes negative, the portfolio sorts the generated margin call orders by their unrealized profit and executes each order synchronously until your portfolio is within the margin requirements.
Deploy Live Algorithms
To deploy live algorithms with the Zerodha brokerage, use the CLI.
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