Copy trading is one of the most popular ways for new and busy traders to be engaged in the stock market. Instead of spending hours reviewing charts and news, you can simply copy the trades of professional traders. If you are a Zerodha user, you’ll be excited to know that Zerodha copy trading with an API is possible, and this opens you up to smart and automated trading.

In this step-by-step guide, we’ll cover how Zerodha copy trading works and what the APIs do, and we’ll help you get your account ready to do it.

What Is Copy Trading in Zerodha?

Copy trading is a trading strategy where you connect your account to a master trader’s account. Every time the master trader buys or sells a stock, that same order is executed in your account automatically. In this way, you can copy the strategies of professional traders without managing the trades.

For Zerodha users, this becomes even better and more powerful using APIs. APIs allow third-party copy trading software to connect to your trading account with Zerodha and then execute trades.

Why Use the Zerodha API for Copy Trading?

Zerodha has an API (known as the Kite Connect API) that enables developers and trading platforms to connect with Zerodha accounts. Using the API allows:

Automation: You no longer have to physically place each trade.

Speed: Orders are automatically placed according to the configuration and adjust in real time, so you no longer have to wait.

Cross-accounts: From one master account, trades can be executed from followers’ accounts.

Risk management: Set limits such as maximum investment per trade or stop loss, etc.

When Zerodha is coupled with the Combiz Services Copy Trading Software, we can now have complete control over automation while reducing manual work.

Setting Up Your Zerodha Trade Account for Copy Trading with API

Below is how you can create a Zerodha account for copy trading with the API:

Step 1: Open a Zerodha Trading Account

Go to the Zerodha Kite and sign up to open a Zerodha account, if you have not already done so. This will enable you to trade on NSE, BSE, and MCX once activated.

Step 2: Subscribe to the Zerodha Kite Connect API.

To automate your strategy, you will need the API. This subscription is a cost add-on (around ₹2000 per month). Once subscribed, you would be given the API keys, which are used for integration.

check prices list:https://copytrading.combiz.org/prices

Stage 3: Select Copy Trading Software

Zerodha does not offer copy trading directly. You will need to get trusted third-party software, Combiz Services Copy Trading Software. Combiz will allow you to connect your Zerodha account via API and copy trades across accounts.

Stage 4: Link Zerodha to Copy Trading Application

You can connect via the API key Zerodha provides. Log in with your client ID and allow API access for the application.

Stage 5: Choose a Trader or Strategy to Copy

After connecting the API, now you can either choose to copy a certain trader, use your strategies, or bring over signals from your tools like TradingView. The trade data from the trader you want to follow will automatically be uploaded to your connected account.

Stage 6: Set Your Rules for Risk and Trade Management

A good copy trading application can allow you to set your risk mechanisms like:

Max lot size per trade

Stop loss and target

Max open trades

Allocate capital for each strategy.

All of which contribute to a maximum risk of your allotted capital.

Stage 7: Now you are copy trading.

Now that everything is established, you can automatically copy the trader in real time with all trades based off the trader's settings through the copy trader application. You can watch all trades both via Zerodha Kite and the copy trading platform.

Benefits of Copy Trading with Kryll

Hands-free Trading – You won’t have to stare at charts all day.

Learn from the Experts – You learn from professional traders, using their moves.

Allows Multi-Account Management – This is ideal for brokers, sub-brokers, or fund managers managing multiple clients.

Flexibility of Markets – You can copy trades in NSE, BSE, F&O and MCX.

Get More information click here:https://copytrading.combiz.org/blogs/Zerodha-Copy-Trading-with-API

Some Points to Consider

Zerodha charges ₹2000/month for an API subscription.

Copy trading has its risks – follow traders that you can rely on and trust trading strategies that are proven.

You should make sure to continuously monitor performance and adjust where necessary.

Make sure the copy trading service you have chosen is SEB-compliant and secure.

Conclusion

Zerodha Copy Trading Using the API is a great way to save time, save stress and make an income trading like a professional. You can link your Zerodha account with secure and reliable software such as Combiz Services Copy Trading Software, and you can not only automate all your trades but you could even manage multiple accounts seamlessly.

If you are serious about building wealth in the Indian stock market without spending an hour or more on research, copy trading with Zerodha’s API is a fantastic way to go about it. Nonetheless, you should start small, ensure that you minimize your risks and monitor your performance regularly.