NIOTA: Virtual Option Trading App
NIOTA is an Android app developed by Orka York that allows users to engage in paper trading of NSE indices option contracts. The app provides a virtual trading environment, enabling users to test their trading strategies in real market conditions without the fear of losing money.
One of the key advantages of NIOTA is the absence of financial risk. Users can explore different trading strategies and gain valuable experience without the need to invest real money. The app creates a realistic trading environment, allowing users to place orders and track their profit/loss in real-time. This feature provides users with valuable insights into the effectiveness of their strategies.
NIOTA supports trading in National Stock Exchange (NSE) indices options. The app's data feed is real, ensuring users have access to accurate and up-to-date market information. Users can place both LIMIT and MARKET orders, with the option to execute orders at specific prices or at the prevailing market rates.
In terms of data management, NIOTA only displays order data and squared-off positions for the current day. Expired options and their data are instantly deleted from the app. Additionally, NIOTA provides runtime profit/loss updates, allowing users to monitor their performance as orders are executed.
An upcoming update for NIOTA includes trading data backup on firebase, providing users with the convenience of accessing their trading data across multiple devices.
Overall, NIOTA is a valuable tool for individuals interested in learning about options trading or testing their trading strategies. With its realistic trading environment and real-time profit/loss tracking, users can gain practical experience and refine their trading skills without any financial risk.
