IndMoney (INDstocks)

IndMoney (INDstocks) is a modern trading infrastructure platform offering APIs that allow traders and developers to build, automate, and execute trading strategies. Using IndMoney APIs, users can connect their IndMoney trading account with tools like OpenAlgo and create their own fully self-hosted, secure algo-trading setup.

Steps for Integration

IndMoney uses a simple Bearer Token authentication model.

To generate a token:

Visit https://www.indstocks.com/app/api-trading

1. Enter your registered mobile number and login with the help of OTP

1. Open the API Dashboard

1. Click New Token and generate token

1. Copy the token shown on screen

This token will be used in OpenAlgo for all authenticated API requests.

Note: Tokens usually expire within 24 hours. You must generate a fresh token when expired.

1. Setup Static IP: Click the small hexagon icon next to New Token to enable and assign your static IP, and then save it.

Note :A static IP is mandatory, and it must be whitelisted for all API calls to work. Without whitelisting, INDmoney will reject your API requests.

Environment Configuration

The generated access token is used as the API SECRET and keep any dummy variable as API KEY. Below is a sample configuration for the .env file:

# Indmoney Broker Configuration
BROKER_API_KEY = 'wxyz123' #any dummy key
BROKER_API_SECRET = 'your_generated_access_token'
REDIRECT_URL = 'http://127.0.0.1:5000/indmoney/callback'

Integrating OpenAlgo with Indmoney's API opens up possibilities for automated trading strategies, providing a powerful tool for traders and developers to exploit market opportunities efficiently. It's essential to follow best practices for API integration, including handling rate limits, managing API keys securely, and ensuring robust error handling and logging mechanisms are in place.