Algo Trading Web App

Project Planning & Setup

Define Project Scope
Purpose of the web app (Algo trading)
Target users (Retail traders, investors, etc.)
Key features (Live data, historical data, strategies)
Tech Stack Decisions
Frontend (React.js, Angular, Vue.js, HTML/CSS/JavaScript)
Backend (Node.js, Python, Django, Flask)
Database (MongoDB, PostgreSQL)
Hosting (AWS, Heroku, DigitalOcean)
API Integration Research
Researching Fyers API
Identifying the API endpoints (market data, order execution, etc.)
Authentication (OAuth, API tokens)
Setting Up Development Environment
IDE (Visual Studio Code, PyCharm)
Version Control (Git, GitHub/GitLab/Bitbucket)
Project structure (MVC or other architecture)
Libraries and frameworks setup

Web App Structure & Architecture

Frontend Structure
Design Layout
Header: Logo, user profile, and navigation
Sidebar: Trading options, indexes, settings
Main Panel: Display live charts, historical data, and trades
Footer: Disclaimers, links
Component Structure
Dashboard
Summary of key indexes
Account balances and P&L
Live Chart
Real-time data for various indexes
Candlestick chart, line chart, etc.
Historical Data Panel
Date selector
Graphical representation of historical data
User Authentication & Security
Login/Signup
JWT tokens or session management
Role-based access control (if needed)
Backend Structure
RESTful API Development
GET: Fetch live market data from Fyers API
POST: Handle trading orders
PUT/DELETE: Modify or cancel orders
WebSocket Implementation (for live data updates)
Subscribe to real-time data streams
Push real-time data to the frontend
Database Design
User profiles: name, preferences, trading history
Trade data: open positions, historical trades
Market data logs: store snapshots of market data for analysis

Fyers API Integration

Authentication with Fyers API
API Key and Secret Setup
OAuth flow for user authentication
 Storing session tokens securely
Market Data Integration
Fetching Live Market Data
Set up Fyers WebSocket connection
Subscribe to live feed of indexes (Nifty, Bank Nifty, etc.)
Parse and display data in the frontend
Fetching Historical Data
Use Fyers API endpoints for historical data
Query historical prices based on selected date range
Visualize historical trends using charts
Error Handling & Retry Logic
Implement retry logic for API timeouts
Handle API rate limits and quota
Graceful handling of WebSocket disconnections

Algorithm Development
Define Trading Strategies
Technical indicators (Moving averages, RSI, MACD)
Risk management rules (stop-loss, position sizing)
Entry/Exit conditions for trades
Strategy Backtesting
Using Historical Data
Implement strategy on historical data from Fyers API
Analyze performance metrics (win/loss ratio, profit factor)
Backtest Environment Setup
Choose backtesting libraries (Backtrader, Zipline)
Import and format historical data
Real-Time Strategy Execution
Execute trades based on live market data
Monitor strategy performance in real time
Alert system for trade conditions

User Interface (UI) and Experience (UX)

UI Design
Clean and intuitive dashboard
Easy-to-navigate menus for trading tools
Color-coded charts for live and historical data
User Interaction Design
Drag-and-drop interface for selecting indexes
Interactive charts with zoom, pan, and hover features
Real-time updates without page reloads
Mobile Responsiveness
Optimizing for various screen sizes
Mobile-first design principles

Data Storage & Management

Database Schema Design
Users table: credentials, preferences
Trades table: buy/sell, time, price, quantity
Market data table: timestamps, open, high, low, close
Historical Data Storage
Storing API-fetched historical data
Caching frequently used data to minimize API calls
Data Security
Encryption for sensitive user data
Secure storage of API keys and tokens

Testing & Debugging

Unit Testing
 Test individual components (API calls, WebSocket)
Mock data for isolated testing
Integration Testing
Test how frontend, backend, and Fyers API communicate
Testing WebSocket connections
Performance Testing
Load testing for high-frequency API requests
Stress testing the server when multiple users log in simultaneously
User Acceptance Testing
Create testing accounts and simulate live trading
Gather feedback from beta testers on functionality and UI/UX

Deployment & Monitoring

Deployment Strategy
CI/CD pipeline for automated deployment (GitHub Actions, Jenkins)
Deploy to cloud platforms (AWS, Azure)
Domain setup and SSL certificates
Monitoring Tools
Real-time logging of errors and issues
Monitor API usage and WebSocket connections
Alert system for service downtime or API failures
Scalability & Performance Optimization
Load balancing for high traffic
Database indexing for faster queries
Caching strategies to reduce API calls

Future Features & Scalability

Advanced Algo Strategies
Machine learning models for predicting market trends
Automated portfolio rebalancing based on risk profile
Multi-API Integration
Support other broker APIs (Zerodha, Interactive Brokers)
Mobile App Development
Developing native apps for Android and iOS
Integration with push notifications for trade alerts
Custom User Features
Paper trading mode
Strategy builder for non-coders