Few days back I have written How To Create Intraday Trading Excel Sheet From Sharekhan TradeTiger? That post has got very good response from my readers and I have got many request from my Zerodha clients for posting know how on creating simiter excel trading system connecting Zerodha Pi to excel. If you dont have Zerodha Pi, you can apply for a Zerodha account by clicking HERE.
First login 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 Trading Symbol column header to sort it alphabatically.
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 a 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 (same name as marketwatch). In case the market is open live price will start changing in the excel.
Now we will create another sheet and write formulas there. Lets work on the same formula Open High Low Same Trading Strategy For Indian Stock Market. To build our excel trading system lets 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”,””)
The formula for Open=High column 2nd row is:
=IF(‘Nifty50 MW’!H2=’Nifty50 MW’!I2,”SELL”,””)
Now select the row A2 and hold the extreme right bottom corner of the cell and drag below through entire column. It will copy the formula in the rows below. Repeat the step for 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 sell.
Setting target and stop loss in the Excel Trading System:
I have added a 2.5% target and a setup a stop loss 2 ticks below day’s low for BUY and 2 ticks above day’s high for days low. I will round the targets and stop loss to 2 decimal places by formating the excel cells as shown below. Finally I have decorated the sheet a bit and renamed the sheet2 as trade.
So we have completed creating a excel day trading spreadsheet by connectiong Zerodha Pi to excel. If you are unable to connect Zerodha Pi to excel yourself, you can download my excel sheet from below.
You can use this excel sheet for creating creating other buy / sell logics too. Your comments below this post can take this discussion to further heights.