When TEJ API Database Meets Up STREAMLIT Grid Trading App
In previous tutorials, we learned how to create our own STREAMLIT App. For more details, you can refer to this article. In this article, we will use the TEJ API database to connect with the STREAMLIT package and implement a grid trading strategy. We will use tools such as date selection, dropdown menus, and numerical selectors to interact with charts and tables, making the data an interactive app.
Grid trading is a trading strategy that selects a range by setting two parameters, the upper bound and the lower bound. We divide the stock price into grid intervals, buying stocks when the price falls and touches the lower grid, and selling stocks when the price rises and exceeds the upper grid.
This strategy is a lazy strategy that doesn’t require much manual operation. It can also profit from price fluctuations. However, there are a few points to note which is the efficiency of capital utilization will be lower than manual trading.