The modern economy and trading in the stock market require the use of powerful computers and special algorithms. It will be difficult for a trader to trade stocks and futures without the use
of trading robots . Conditions in the stock market vary from country to country, so a trader should use suitable trading robots when trading securities. This article will present a list of suitable robots for the Chinese stock market, consider promising Chinese exchanges where you can conduct investment activities.
China exchanges for trading and investment
Shanghai Stock Exchange. Founded in 1990. Stock indices – Shanghai Composite, reflecting the aggregate state of all companies on the stock exchange and SSE 50, reflecting the shares of 50
blue chips . You can buy shares of 1334 companies on the stock exchange. Hong Kong Stock Exchange. The year of foundation is 1891. Stock index Hang Seng. 1421 companies have been listed on the stock exchange.
Robots suitable for trading on stock exchanges in China
Mudrex platform and trading robots
Online trading platform. It is an Internet site on which the user only needs to register and set the necessary parameters. The resource allows you to invest in stocks, including on Chinese stock exchanges.
On the “Invest” tab, you can see the platforms for which the platform can create a trading algorithm. You can verify that the platform supports the Binance platform.
On the platform, you can choose the most suitable of the ready-made trading algorithms or create it yourself using the constructor.
For the use of trading robots on the platform, you need to pay a monthly fixed fee. It can be returned if the algorithm has not brought any benefit in 4 months of use. The advantages of the site include a simple interface, a clear and convenient constructor for creating trading algorithms and the ability to integrate with the exchange using an API key, the ability to return funds in case of failure. The disadvantages include the fact that the platform is completely in English, and errors often occur on it.
M1 Finance
American stock management system. Available in web form, as well as the application form for iOS and Android. M1 Finance allows you to create your own investment portfolio from ETFs, use shares individually or even fractionally. To start investing using the system, you need to register by setting your username and password.
The construction
of an investment portfolio is done in the form of a pie, where the trader determines which stocks and ETFs will be included in it. You can delete, add or edit each “slice” of the investment, set the target weight. This will create a personal pie.
You can create a pie from the investments of many companies, including Chinese ones. The program provides ready-made expert pies (expert pies). The following options are available to the user:
- General investments – creation of an individual investment portfolio.
- Income – a portfolio for earnings and dividends.
- Retirement is a pie for a planned retirement.
- Responsible investment
- Hedge Fund Followers – Portfolios from Established Investors
- Industry – investing in industries that are relevant to the trader.
No commission is charged for buying and selling securities. This is a great benefit of the service. However, the user can choose one of two spending systems: free M1 Standard and M1 Plus, which provides for an annual fee of $100 in the first year and $125 in the next. If a trader does not use the platform for more than 90 days, he will be charged a fine of $ 20. M1 Finance has a support service that will advise on investment issues. At the same time, the service is quite complicated and is not mastered immediately, for this you need to use it for a certain time.
CQG
Professional investment management platform. Allows you to trade on European, American and Asian exchanges. A trader can customize the desktop of the program in the form of a glass of an instrument, a chart or a window with account information with tabs, which will display information on open and closed orders. CQG has two versions: the web version of QTrader and the Desktop version for installation on a computer.
CQG QTrader will allow you to conduct technical analysis and add the necessary indicator. Each indicator has a detailed description. Using the web version, you can create your own indicators, in addition to the existing ones.
A deal can be concluded through the Order Ticket menu or its simplified version of the Order Desk. A glass is placed in the center, along the edges there are buttons for trading or executing limit orders. A trader can set the price manually or choose an existing one from the order book.
In the Dom Trader tool, you can see information about the nearest prices. A deal can be concluded by clicking on Buy and Sell. The volume of the position must be specified in the form at the bottom of the screen. SnapTrader will display buttons for making trades and placing pending orders.
In the Trade menu of the Orders and Positions section, you can view information about open trades. In the Working Orders section, you can delete or change the current order, find out information on the account, commission, balance changes. CQG has a web version that is different from the program. Unlike the latter, the workspace is already configured, the user can resize elements or add their own windows.
The screenshot shows the standard window layout in the web version. There is a menu on the left, a switch between a training and real account at the top, a list of trading instruments and a news feed with text and video materials below. In the center is a window with a live chart, below it is information about trading with a list of open deals.
On the right side there is a glass, on the right edge there are buttons for controlling graphical analysis tools, an exchange glass. Under the order book, you can find the Purchase&Sales window.
In the upper left corner, you can choose one of the workspace organization options or create your own and save it. You can share your own variation by linking to it, or you can open the link in the web version and migrate that organizational variation. In the desktop version, a trader can use dozens of indicators and graphical analysis tools. The Chart item in the left vertical menu will restore an accidentally closed chart. On the chart, you can see the volumes and the moving average. On the chart, you can enable the display of OHLC prices and deltas.
In the form below the chart, you can enter the name of the asset, select the type of chart and timeframes. The program can display a chart in 10 options: as a line, bars, Japanese candlesticks, Heiken Ashi, etc. Indicators can be opened by pressing the button at the bottom of the platform or by selecting the appropriate item in the context menu. More than 30 indicators are available, but compared to the web version, there are significantly fewer of them. Moreover, in the desktop version, the user will not be able to install their own indicators.
The user has access to graphical analysis tools: horizontal levels, trend lines, Fibonacci tools. The Formulas subsection of the Utilites section has pre-installed dependencies that the user can copy and save for their needs.
On the left side of the terminal, you can find the Trade item, where you can open a list of ways to make deals. So, you can make a deal in the following ways:
- Buying/selling futures – Hedge to arrive and Basic Trade.
- Spreadsheet Trader window. Click the right mouse button and the Buy and Sell items will open.
- Order Ticket window
- Hybrid order ticket section.
- Algo order ticket – for algo trading and automated trading. The method can be applied not in all accounts and all instruments.
QTrader costs $75 per month and the Desktop web version is free. However, the version installed on the computer has more functionality. The advantage of CQG is that professional traders can use the program and perform the most complex tasks with it. However, a beginner is unlikely to be able to use it, he may need time to master it. In general, the web terminal and the computer application are similar to the Tinkoff. Investment service, so there should not be any big difficulties for an experienced trader. Terminal CQG QTRADER: https://youtu.be/HR8DVPRKGng
WaveBasis
Web platform for technical analysis. Suitable for traders and wave analysts. With WaveBasis, you can get up-to-date information for doing business. The key features of WaveBasis are a wide range of tools (over 100 indicators and 35 tools) including a wave scanner and Elliott wave analysis. The platform supports more chart styles and has multiple chart layouts.
Fibonacci levels, automatic support and resistance zones, automatic wave summation and superimposition, automatic wave counting point are available in WaveBasis.
In the wave scanner, you can integrate a list of tool scans, conveniently manage multiple scans, get analysis results, apply filters to determine the optimal settings for your trading style.
Depending on the style of trading, you can choose a tariff plan:
Rate | Wave analyzes per month | Simultaneous schedules | Workspaces | Price |
Random Trader | 250 | 6 | 3 | $49 |
Trader | 1000 | twenty | 10 | $169 |
Active trader | 2500 | 40 | twenty | $399 |
What can you invest in?
Before you start trading in China, you need to know which stocks and futures you can invest in. Below are stocks of popular Chinese companies:
Company name | Listing | Description | share price |
Alibaba | 9988 (SEHK) | Internet commerce company. Owns online stores taobao.com, Alibaba.com, Aliexpress | $16.52 |
haier | 600690 (SSE) | Household appliance manufacturer | $4.73 |
China Life Insurance Company Limited | 601628 (SSE) | Chinese insurance company | $4.79 |
China Eastern Airlines | 600115 (SSE) | Airline, Shanghai | $0.84 |
Huaxia Bank | 600015 (SSE) | Commercial Bank, Beijing | $0.89 |
Bank of China | 3988 (SEHK) | Commercial Bank, Beijing | $0.49 |
Air China | 3988 (SEHK) | Chinese national airline | $1.48 |
Aokang | 603001 (SSE) | shoe company | $1.46 |
Changchong | 8016 (SEHK) | Household appliance manufacturer | $0.53 |
Lenovo | 0992 (SEHK) | Equipment manufacturer | $1.15 |
TCL Corp | 000100 (SSE) | Equipment manufacturer | $1.00 |
Trading in China is not much different from that of other countries. Stock exchanges in China – Hong Kong and Shahnai. Of the programs, Mudrex is suitable. M1 Finance, CQG, WaveBasis. Shares of Chinese companies listed on the Shanghai and Hong Kong stock exchanges are not expensive, they are easy to buy, which is important for a novice trader.