Shoonya API Algo Trading
with FoxPlayer
Shoonya, the discount broking platform from Finvasia, offers one of the few genuinely free trading APIs in India — making it a popular starting point for retail algo traders. FoxPlayer connects directly to the Shoonya API so you can run automated strategies without writing your own broker integration layer.
Why traders pair Shoonya with FoxPlayer
Shoonya's API gives you free, direct market access, but it doesn't include a strategy builder, webhook bridge, or risk management layer on its own — you'd need to build that yourself. FoxPlayer sits on top of the Shoonya API and adds:
- A TradingView webhook bridge, so Pine Script alerts route straight to your Shoonya account
- A Python strategy runner for custom logic beyond what Pine Script supports
- Automated stop-loss, trailing stop, and daily drawdown limits
- Real-time order alerts on Telegram, Discord, or WhatsApp
- A unified dashboard if you're also running strategies on AliceBlue, Angel One, or Upstox alongside Shoonya
How to connect Shoonya to FoxPlayer
Open Account
Open a trading account with Shoonya (Finvasia) if you don't already have one.
Generate API Keys
Generate your Shoonya API key and secret from your Shoonya account settings.
Configure Broker
Log in to your FoxPlayer dashboard and go to Broker Connections.
Enter Credentials
Select Shoonya and enter your API credentials. FoxPlayer encrypts and stores these locally — they are never shared with third parties.
Paper Trade
Run a paper-trading test to confirm the connection before deploying live capital.
Supported order types
FoxPlayer's Shoonya integration supports market, limit, stop-loss, and bracket orders across equity, F&O, and currency segments, with automatic square-off rules you configure once per strategy.
Free vs Paid access
Shoonya's API access itself is free — there's no brokerage-side subscription fee to place algorithmic orders. The cost difference comes from the tooling layer on top of it.
FoxPlayer's Retail plan (₹1,999/month) lets you run one live strategy on Shoonya with full paper trading and TradingView webhooks; the Professional plan (₹4,999/month) unlocks five concurrent strategies, Python strategy bridge, and priority support.
FAQ
Q: Is the Shoonya API free?
Yes, Shoonya does not charge for API access itself, though standard brokerage and exchange charges apply to executed trades.
Q: Can I run multiple strategies on Shoonya at once through FoxPlayer?
Yes, depending on your FoxPlayer plan — Retail supports one active strategy, Professional supports five, and Institutional is unlimited.
Q: Does FoxPlayer store my Shoonya API credentials securely?
Yes, credentials are encrypted at rest and never shared with third parties.
Ready to automate your Shoonya trading?
Get started in paper trading or setup a live execution strategy.