Algo Trading in India | Streak : Zerodha’s Algorithmic Platform
As per the reports 80% of the transactions in the entire market are based on computer programming. Algorithms are a set of automated functions (coded or non-coded). They help in entering and exiting the market at correct points (given the strategy is right). Algo trading in Indian Stock Market began in 2008 and today nearly one third of the entire market is running on this.
What is Zerodha Streak?
Algo trading software is an AI based software programming. Its use is to mark up the entry points and exit points in the stocks which are selected on basis of few parameters. These parameters are considered by the company or individual before coding (or preparing) their Algorithms. In layman terms Algo trading is automatic buying and selling of securities through a pre-decided strategy.
Algo Based Platforms in India :-
Some of the best platforms for Algo trading in India are :-
- Streak by Zerodha
- Omnesys Nest
- Algonomics
- Presto Ats
- Odin
- Flex Trade
- Meta Trader
Zerodha Streak Algo Trading
Streak is the first retail trading platform in India. It has a tie up with Zerodha (India’s Largest Discount Broker) to provide algo services. Algo Trading Zerodha has access to more than 25 lakh active trading accounts. It can also be operated without coding language for performing all the algo trading functions.
Features of Streak
Streak has more than 100 indicators that can be used for creating more than a million unique algos.
The Streak interface is easy to understand and a simple software. It creates algos instantly. Such algos can also be backtested on historical market data.
Strategies and Scanner
In streak 3.0 there are various options available to create or use a strategy. It has five options Discover, My strategies, Live strategies, Paper trading and Create strategies. The newest feature is Discover. It allows you to use strategies that are trending or created by other people. Also Paper trading and Live stream strategies have been separated in the new version.
Scanner allows you to Create scanners, Discover scanners, Live stream scanners and My scanners.
Do you have Zerodha Trading Account? –
- YES ( then click and start Algo ) – Start your Free Trail Now
- No ( Why you pay hefty brokerage Open Account With Zerodha in 10 Mins )
Zerodha Streak Price
- Basic – Rs. 350 + GST (Monthly)
- Premium – Rs. 630 + GST (Monthly)
- Ultimate – Rs 980 + GST (Monthly)
Algo in 5 Steps – Algo Trading without Coding
Let’s Start how to Trade in Streak – Now everyone can go Algo With Zerodha Streak. Follow essential step to Create Algo and trade like pro.
- Create
- Backtest
- Deploy
- Get notified
- Place Order
#1. Create Algo
Using Streak’s intuitive interface and elegant design creating an algo is as simple as typing out technical indicators, keying in stop loss and target profit percentage and selecting the stocks you want to trade with.
Learn How to Create Zerodha Streak Strategy
Some of the most used technical indicators like Supertrend, MACD, RSI, Momentum indicator, Moving Average etc., are available on our platform.
Following Parameters Required to Create Algo
- The Time Frame is important for setting the limit till which the particular algo program is active (from 1 min to 1 day)
- Zerodha Streak supports NSE equity, currency and F&O.
- One needs to set quantity for trading.
- Transaction type or Position is also set (NRML or MIS or CNC or F&O etc.)
- Adding the most efficient indicator based on the current scenario. (more than 99 indicators)
- Profit takeaway and stop loss for the transaction are pre-set to take entry and exit at the best time,
- Strategy naming is the last step after producing Algorithms.
#2. Backtest your Algo
Algorithm is run for trial basis on historical data. This gives information about its efficiency. This process is called Backtest run. The results include all the statistical outcomes from maximum profit margin to bare maximum loss margin.
#3. Deploy
After backtesting it’s time to run the algorithm into the active market. This is called Deploy (as in deploying algorithms to function in the open market).
Click Here to Check Plan
#4. Get Notification
Getting Zerodha pop-ups for actionable notifications.
#5. Place Order
Finally Algorithm is launched into the active market. Based on calculations it imparts the proper situations to enter and exit the market. To place an order refer to the image below.
Zerodha Streak Mobile App :
Streak is a very simple and easy to understand algorithm platform. Due to its advanced technical assistance and quick functioning it has attracted a huge client base. Today more than 4.9 crore backtests have run successfully.
Streak has its presence in the form of web as well as mobile application. Also it is one of the most used non-coded algorithm trading platforms.
Zerodha Streak Strategy Which works well with Streak
#1. Parabolic SAR (PSAR)
Parabolic SAR (Stop and Reversal) indicator helps the trader in assessing the direction of the stock’s movement Developed by Welles Wilder . Name suggests – SAR (Stop and Reverse) not only suggests the trader to stop holding the position but also to reverse the position when the existing position is closed.
Parabolic SAR is running below the Stock’s price then the trader is advised to hold the position on the long side. When the Parabolic SAR moves above the price, then the trader is advised to close the long position and initiate a short position.
BUY Condition
Buy ___ shares when Parabolic SAR(0.02,0.2) crosses below Close at 1 hour interval using candlestick chart.
Enter trade between 09:00 to 17:00
Exit Condition
Sell ___ shares when Parabolic SAR(0.02,0.2) crosses above Close or at a Stop loss of 0.2% or Take profit of 0.5% at 1 hour interval using candlestick chart.
#2. DEMA Short
Short Condition
SELL ___ shares when 10 dema crosses below 20 dema or close crosses below 30 dema at 1 hour interval using candlestick chart.
Enter trade between 09:00 to 17:00
Exit Condition
BUY ___ shares at Stop loss of 1.0% or Take profit of 2.5% at 1 hour interval using candlestick chart.
Will keep adding more Strategy here…
Happy Trading
