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X-STOX Technologies · Pune, India

Ten years of writing the rules down first.A trading technology company, and the engineer who started it.

X-STOX builds MetaTrader Expert Advisors, technical analysis software and custom trading systems — for individual traders, for brokers, and for businesses that need a platform of their own. Founded in Pune in 2016, ISO 9001:2015 certified since 2020, and run by the person who writes the code.

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  • Founded 2016
  • ISO 9001:2015 certified
  • MT4 and MT5
  • Pune, India

Things you can check

Building since
2016

Ten years of shipped trading software.

Certified
ISO 9001:2015

Quality management, independently certified in 2020.

Awards and recognitions
8

Listed below with the year each was given.

Years in the markets
13+

The founder started trading at eighteen.

Platforms
MT4 · MT5

Native MQL4 and MQL5, with Python research behind it.

Who we are

A software company that happens to trade

Most trading software is written by developers who have never held a losing position overnight, or by traders who have never had to maintain code. X-STOX exists because the interesting work is in the overlap.

Where it started

The founder began trading at eighteen and has spent thirteen years in forex, commodities, crypto, futures and options across Indian and global markets. He is also a software engineer and data scientist. X-STOX began in 2016 as the place where those two halves met: strategies he was already trading, written properly, so they could run without him.

The problem we work on

A trading idea is not a trading system. Between them sit the parts nobody enjoys: position sizing, spread and slippage handling, what happens at a weekend gap, what happens when the broker rejects an order, what happens when the internet drops. Most retail strategies die there rather than in the market. Our work is that gap.

What we will not do

We do not manage money, we do not take a share of anyone’s account, and we do not sell signals dressed up as certainty. We sell software, with its mechanism written down. Where a system carries real risk — averaging into a position, a recovery ladder, exposure around news — its product page says so above the fold, before anyone pays.

What we build

Four lines of work, one engineering process

Pick one to see what sits inside it. Everything here is software we have shipped, not a capability list.

Expert Advisors

Complete trading systems that run on a chart without supervision: entry logic, position sizing, exposure caps, an equity stop and an on-chart panel to intervene. Forex, gold, crypto and indices.

Open expert advisors
  • MultiScalper Pro
  • HyperScalp Pro
  • News Hunter Pro
  • FX Robo

How we build

The same seven steps, whoever it is for

This is the process behind every product on the site and every custom project. It is also the reason a product page can tell you exactly what its system does: somebody wrote it down first.

  1. 01Written spec
  2. 02Build
  3. 03Backtest
  4. 04Forward test
  5. 05Document
  6. 06Ship
  7. 07Maintain

  1. 01

    Written spec

    The rules go on paper in plain language and are agreed before any code exists.

  2. 02

    Build

    Native MQL4 or MQL5, with Python where the research needs it.

  3. 03

    Backtest

    Across regimes, not one good year. A curve that only works in a trend is not a result.

  4. 04

    Forward test

    On a live account, at small size, for as long as it takes to see a bad week.

  5. 05

    Document

    A manual that states the mechanism, including the parts that carry risk.

  6. 06

    Ship

    With installation support, presets, and a human to ask.

  7. 07

    Maintain

    Brokers change, platforms update, markets change character. Support does not end at the sale.

The story

Ten years, in order

Edited in Admin → Timeline. Milestones are marked; everything else is a step along the way.

  1. 2016 · Jun

    X-STOX founded

    The company is established to build trading technology for the Indian and global markets.

  2. 2018 · Mar

    First press coverage

    Featured in Fox, Entrepreneur's Story and Google News.

  3. 2019 · Jul

    Top 10 Tech Startups Impacting the Markets

    Recognised among the top ten technology startups influencing market infrastructure.

  4. 2020 · Sep

    ISO 9001:2015 certification

    Quality management systems independently certified to ISO 9001:2015.

  5. 2021

    Expansion to 25+ countries

    Products reach traders across more than twenty-five countries. Further coverage in Google News and CNBC.

  6. 2022

    International Brilliance Award

    Awarded the International Brilliance Award and named Innovative Fin-Tech Company of the Year 2022.

  7. 2023

    Brand Icon and Global Inspiring Leader

    Named Brand Icon and Global Inspiring Leader; founder honoured as Young Tech Entrepreneur of the Year 2023.

  8. 2025 · Mar

    Business Talkz magazine cover

    Founder featured on the cover of Business Talkz magazine.

  9. 2026

    AI Trading Lab

    Research operation formalised around quantitative strategy engineering, backtesting infrastructure and market intelligence.

Recognition

Awards, and who gave them

Every award here carries the year it was given. Where we hold a certificate or a photograph, the card links to it — an award with no verifiable source is a liability rather than an asset, and we would rather list fewer.

Rashtriya Abhiman Puraskar

National recognition

Brand Icon of the Year

Industry recognition

Global Inspiring Leader Award

Industry recognition

Young Tech Entrepreneur of the Year

Industry recognition

Awarded to founder Abhilash Dhumatkar.

International Brilliance Award

International Brilliance Awards

Innovative Fin-Tech Company of the Year

Industry recognition

ISO 9001:2015 Certified

International Organization for Standardization

Certified quality management systems.

Top 10 Tech Startups Impacting the Markets

Industry recognition

Founder

From trader to technology entrepreneur

Abhilash Dhumatkar, Founder & CEO of X-STOX

Abhilash Dhumatkar

Founder & CEO

Abhilash Dhumatkar started trading at eighteen and has thirteen years of experience in global financial markets — forex, cryptocurrencies, commodities, futures and options, across both Indian and global markets. He is also a software engineer and data scientist, and writes the highly analytical, systematic trading strategies and algorithms behind the X-STOX product line himself. He is interested in price action, technical analysis, macro events and market structure, and mentors traders and investors alongside running the company.

  1. At 18

    Started trading

    Forex, commodities, futures and options, in Indian and global markets. Thirteen years of it, through the ups and the downs that a chart does not show you.

  2. Then

    Learned to build

    Software engineering and data science: coding, algorithms, and the statistical side that separates a strategy from a good-looking backtest.

  3. 2016

    Founded X-STOX

    To turn strategies he was already trading into software other people could run — properly specified, tested and documented.

  4. Now

    Still both

    He trades, and he writes the code. Which is why the product pages on this site describe mechanisms rather than promises.

The position this company takes

A trading system you have to watch is not automation, and a mechanism you are not told about is not a feature. Every product page on this site describes what the software actually does, including the parts that are uncomfortable to write down.

Coverage

The markets our software is built for

The symbols each system is built for, and the sessions they run through.

Foreign exchange

The majors, the crosses and the low-range pairs

EURUSDGBPUSDAUDCADAUDNZDEURCADEURGBPUSDCAD

Metals

Gold, and the systems built specifically for it

XAUUSDXAGUSD

Crypto

On MetaTrader, through brokers that list it

BTCUSDETHUSD

Indices

Index CFDs, for the breakout and event systems

US30NAS100GER40

Indian markets

Equities, futures and options, through the analysis software

NIFTYBANKNIFTYNSE equitiesMCX

And around the clock

The systems run on a VPS through the Asian, London and New York sessions. The event-driven ones care about the calendar rather than the clock, which is why every one of them ships with a workflow for scheduled releases.

Credibility

Where to verify us

Four places you can check what is written above, without taking our word for it.

ISO 9001:2015

Quality management certification, issued 2020 and maintained since.

Amazon.in listings

Products are listed and sold on Amazon.in under our own seller account, with the reviews and returns that come with it.

Third-party account records

Where a system has a live account record, it is linked on its product page with the drawdown shown next to the gain — including when the drawdown is uncomfortable.

Live performance

Press and recognition

Coverage and awards are listed on this page with the year each one dates from.

Covered in

  • CNBC
  • Fox
  • Google News
  • Entrepreneur's Story
  • Business TalkzCover feature — March 2025

FAQ

About the company

The questions people ask before they buy from a company they have not heard of.

What is X-STOX?
X-STOX is a trading technology company founded in 2016 and based in Pune, India. It builds MetaTrader 4 and MetaTrader 5 Expert Advisors, technical analysis and signal software, and custom trading systems for individual traders, brokers and businesses. Its quality management is certified to ISO 9001:2015. X-STOX sells software only — it does not manage money, give investment advice or guarantee results.
Who founded X-STOX?
X-STOX was founded by Abhilash Dhumatkar, a trader, software engineer and data scientist based in Pune, India. He began trading at eighteen and has thirteen years of experience in forex, commodities, cryptocurrencies, futures and options across Indian and global markets. He writes the systematic strategies and algorithms behind the X-STOX product line.
What products does X-STOX make?
X-STOX makes four kinds of product. Expert Advisors — automated trading systems for MetaTrader — including MultiScalper Pro, HyperScalp Pro, News Hunter Pro and FX Robo. Technical analysis and signal software, including Meta Pro 2.0. Custom trading software built to a client specification, delivered with full source code. And research through its AI Trading Lab.
Is X-STOX an AI company?
X-STOX is a trading technology company that runs an AI research lab. Its shipped products are rule-based systems — oscillators, momentum and breakout logic, recovery grids, non-repainting signal rules — and each product page describes the actual mechanism. The machine-learning work sits in the AI Trading Lab and is described as research, not sold as a feature of the Expert Advisors.
What markets does X-STOX software trade?
Foreign exchange majors and crosses, gold and silver, crypto pairs listed by MetaTrader brokers, index CFDs such as US30 and NAS100, and Indian equities, futures and options through the analysis software. Each product page states the symbols and the timeframe that product was built for, and the ones it should not be run on.
What awards has X-STOX received?
X-STOX and its founder have received the International Brilliance Award (2022), Innovative Fin-Tech Company of the Year (2022), Brand Icon of the Year (2023), Global Inspiring Leader (2023), Rashtriya Abhiman Puraskar (2023) and Young Tech Entrepreneur of the Year (2023), and were named among the Top 10 Tech Startups Impacting the Markets in 2019. The company has been ISO 9001:2015 certified since 2020.
Where can I buy X-STOX products?
Directly from x-stox.com, and on Amazon.in where products are listed under the company’s own seller account. Custom development is quoted after a written brief rather than sold from a price list.
Does X-STOX guarantee trading profits?
No. X-STOX sells trading software and nothing on this site is a prediction or a promise of a return. Trading leveraged products carries substantial risk and can cost more than a deposit. Where a product uses a mechanism that carries particular risk — averaging into a losing position, a recovery ladder, exposure around news releases — its product page states that plainly before the price.

Next

The products are the argument.

Every system on this site has a page that describes what it actually does, including the parts most vendors leave out. Start with whichever one matches how you trade — or tell us what you need built.

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