Kotak Neo

AutoTrader Web connects to Kotak using the Kotak Neo trading APIs. This page shows how to set up the account step by step.

Demo

Step 1: Register and create Kotak APIs

Watch the demo video above to see each step clearly.

Login to Kotak Neo.

MPIN

Skip this step if you already have an MPIN. To set a new one:

1. Click on your profile icon (top right)
2. Click on “Account Details”
3. Scroll to the bottom to find “Change MPIN” option (use it to set a new MPIN)

TOTP Key

Skip this step if you already have a TOTP Key.

1. Click “More” on the top toolbar
2. Click “Trade API”
3. Click Menu inside the “Neo Trade API” panel
4. Click “TOTP Registration” (watch the video for clarity)

Note: The TOTP Key is a 20-25 random characters key. It is not the 6-digit TOTP. Also, do not forget to enable the TOTP.

API Consumer Key

1. Click “More” on the top toolbar
2. Click “Trade API”
3. Click on your “Default Application”
4. You will find the “Consumer Key”

Step 2: Add Trading Account

1. Go to AutoTrader Web menu (Accounts -> Trading Accounts)
2. Click Create button
3. Select Broker as Kotak
4. Select Trading Platform as KOTAK_NEO_IPV6
5. Enter the following details:
   • Login id (UCC – 5 characters code)
   • MPIN
   • TOTP Key
   • Phone number (10 – digits)
   • Consumer key
   • Easy-to-remember name for your account (nickname)
6. Static IP:
   • Click the Static IP button and choose Buy Premium Static IPv6 from us — the system gives you one IPv6 static IP as a primary and a backup address (the backup is included free)
   • Register both of these in Kotak Neo (as shown in the video)
7. Click Validate and Save

That’s it. You have successfully added your Kotak Securities account.

Related links

• Supported brokers
• Trading Accounts settings
• Static IP setup
• Getting started guide

Bracket and cover orders on Kotak Neo

Kotak Neo offers bracket and cover orders of its own, and you can carry on using them — they are still in the Variety list and nothing about them changes. AutoTrader has its own versions too, and they are worth knowing about because they behave the same way on every broker you trade.

An AutoTrader bracket order (AT_BO) attaches a target and a stop-loss to your Kotak Neo order, with an optional trailing stop that follows the price in your favour and never moves back. An AutoTrader cover order (AT_CO) is the same thing with a stop-loss only. Your entry reaches Kotak Neo as an ordinary intraday order, and AutoTrader Web watches the price and sends the closing order when your level is reached. Use it when you want a trailing stop that behaves identically across brokers, when you want to change your levels after placing, or when you trade several brokers and want one set of rules.

Place one from the order window, from your own code, or from a chart alert. It is intraday only, it does not give you the extra intraday margin some brokers give on their own bracket orders, and the position is squared off automatically a short while before the market closes.

Read the risk before you use it. A stop-loss decides when we try to exit — it does not decide the price you get. A sudden move can take the price straight past your level, so your loss can be larger than the stop-loss you set. The full explanation, and the one-time terms you agree to before your first one, are on Bracket & Cover Orders.