Zerodha PI Trading Platform Review

Posted on 7th Jan 2015
by TopShareBrokers.com team


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What is Zerodha PI?

"PI" is Zerodha's new trading platform with unique and innovative features like advance charting, backtesting and many more other features for trading in Indian Stock Market.
In detail Zerodha Review
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What is Zerodha PI Bridge and how much it cost per month?

Zerodha and Tradelab had build PI Bridge to give seamless and reliable connectivity from the charting or programming tool(AFL or AmiBroker or Ninjascript (Ninja Trader) or MQL (Metatrader)) to the trading engine on Pi. First time in ever in any trading platform, Zerodha PI Bridge is providing capability to fire orders via charting or programming tool and get order updates back via bridge. PI Bridge access is on-demand and free for 7-days trial, after that it cost Rs 300 Per month.

What is back-testing and how it works?

The process of testing a certain trading strategy on historical price data is called "back-testing". The results of back-testing show the profit or loss which could have been made over time if the system had been used.
With the help of this new PI software, the trader can test multiple trading systems on multiple markets, stocks and commodities in a very short time. With an indicator builder, it is also possible to create own technical indicators and trading strategies and to test them directly with the software.
Back-testing only calculates the summarized profits or losses of all trades in a certain time frame. Broker commissions, slippage, and taxes are not considered in back-testing. The back-testing process requires three types of input data which can vary. These are the trading system which delivers buy and sell signals, a specific market product which gets traded, and a time frame for the back-testing calculation.

What are the Key features & advantages of Zerodha PI Trading Platform?

Highlights:
  • It’s going to be the fastest platform in terms of speed of quotes updates, as well as reduce the bandwidth utilization.
  • Trading on all the exchanges.
  • Key Features:
  • Quick Connect
  • Marketwatch
    • Quick view of the chart will give a glance of performance.
  • Best 5 bids and best 5 offers.
  • Day wise positions.
  • Can place order by directly clicking on bids.
  • Admin Position
    • Total profit & loss /Mark to Mark P&L
    • Strong Charting tool
      • Charts by contract
      • Choose time interval - 1 Min,5 Mins so on
      • 10 different charts types
      • 18 different indicators
      • Directly place an order from chart
  • Customization of user settings:
    • Multiple themes availability [4 different themes available]
    • Arrange multiple windows
    • Unlock window for multiple monitors.
    • Sound alert
    • Marketwatch
    • Quick order window on chart
    • Reconcile button to refresh the chart
    • Shortcut keys
  • Order book
    • Cancel all the pending order/orders by single click on the chart
    • Stockholding position
    • Market Index box - can be pop up on your monitor
  • Alert and artificial intelligence software
    • Backtesting
    • Scanners
    • Expert advisor - Strategies
    • Support Trade scripts
  • Live tracking of Bracket orders.
  • For semi-automated trading - Bridge with AmiBroker and Metatrade.
  • And many more features.....
    Conclusion: After seeing the demo of the tool I was really impressed with the charting feature and the way it provides the technical analysis for traders. The Back-testing is a great feature for research and technical analysis.With fast speed and low bandwidth use, we hope this tool is going to give new height to Zerodha's growth. If you are not a Zerodha client yet, hurry and sign up to use one of the revolutionary trading platform!

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    User Comments

    avatar
    4. Ranjeet  Apr 12, 2016 3:06:34 AM IST Reply
    does “Zerodha PI” is available for every Zerodha trader, or are there any fine prints attached (minimum balance / no. of trades in a specified duration)..
    avatar
    4.1. Vijay  May 10, 2016 2:01:48 AM IST
    Yes, Its available for each Zerodha User for Free of cost. No additional charges.
    avatar
    3. P.shanmugaperumal  Nov 2, 2016 8:51:48 PM IST Reply
    Hello can I pi trading platform for most by paying 300rs per month if it possible means how can I it
    avatar
    2. seshagiriRao.nv  Nov 29, 2017 11:14:22 PM IST Reply
    in zerodha pi shortcut key options is not working what is the reason,i used motilaloswal,angle broking,and also india bulls thease three key bord short cuts working but not working in zerodha.

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