Zerodha Pi To Excel To Build An Excel Trading System

A few days back I have written How To Create Intraday Trading Excel Sheet From Sharekhan TradeTiger? That post has got a very good response from my readers and I have got many requests from my Zerodha clients for posting to know how on creating a similar excel trading system connecting Zerodha Pi to excel. If you dont have Zerodha Pi, you can apply for a Zerodha account by clicking HERE.

Steps involved in connecting Zerodha Pi to Excel

First, log in to your Zerodha Pi terminal. Once Pi is logged in open the Nifty50 all scrips market watch by clicking File –> Predefined WorkSpace –> NSE –> Nifty 50. It will load all Nifty50 stocks in your MarketWatch.

My Nifty50 MW (my given name for this MarketWatch) is open. Now the MarketWatch needs to be sorted by symbol name. So please click on the Trading Symbol column header to sort it alphabetically.

Now right-click on the market watch and click LINK TO EXCEL (Ctrl+E). This will connect Zerodha Pi to excel and save the market watch data in an excel sheet to the location \Zerodha\Pi\LinkExcel\Nifty50 MW.xlsx.

If you have already saved excel in that location, for second-time use or recurring use, it will ask you to replace the excel file.

Now the excel file will automatically open. It will contain only 1 sheet called Nifty50 MW (the same name as MarketWatch). In case the market is open, the live price will start changing in excel.

Creating a trading system on Excel after connecting Zerodha Pi to Excel

Now we will create another sheet and write formulas there. Let’s work on the same formula Open High Low Same Trading Strategy For Indian Stock Market. To build our excel trading system let’s create 2 columns in sheet2 called Open=Low and Open=High.

The formula for Open=Low column 2nd row is:
=IF(‘Nifty50 MW’!H2=’Nifty50 MW’!J2,”BUY”,””)

AND

The formula for Open=High column 2nd row is:
=IF(‘Nifty50 MW’!H2=’Nifty50 MW’!I2,”SELL”,””)

Now select row A2 and hold the extreme right bottom corner of the cell and drag below through the entire column. It will copy the formula in the rows below. Repeat the step for the B2 column too. Check the image below:

So in the excel trading system, now we get BUY or SELL scrips. Today (2nd March 2017), I have got AMBUJACEM, COALINDIA, AND ULTRACEMCO as BUY and got DRREDDY, GRASIM, INDUSINDBK, NTPC, and POWERGRID as selling.

Setting a target and stop-loss

Setting a target and stop loss in the Excel Trading System:

I have added a 2.5% target and set up a stop loss 2 ticks below the day’s low for BUY and 2 ticks above the day’s high for day low. I will round the targets and stop loss to 2 decimal places by formatting the excel cells as shown below. Finally, I have decorated the sheet a bit and renamed Sheet2 as Trade.

So we have completed creating an excel day trading spreadsheet by connecting Zerodha Pi to excel. If you are unable to connect Zerodha Pi to excel yourself, you can download my excel sheet from here.

Now after you downloaded my excel file from above just save it to your /Zerodha/Pi/LinkExcel folder.

l levels instantly. Check this youtube video for the whole process of data import:

You can use this excel sheet for creating other buy/sell logics too. Your comments below this post can take this discussion to further heights.

Conclusion and Latest Update

Though this was a nice way to get live data from Zerodha Pi to Excel, Zerodha does not support Pi anymore. Hence, this process does not work now. However, traders can use Python and Pycharm to populate live stock market data into Excel.

Author: Indrajit Mukherjee

Indrajit is a professional blogger and trading system developer. Amibroker expert, Wordpress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely. View all posts by Indrajit Mukherjee