Currently, 60% of the trades are done using Algo Trading strategies that itself speaks about its growing popularity. Taking into consideration the rising demand of Algo Trading, Zerodha has launched Zerodha Streak 3.0, a semi-automated Algo trading platform. It is a web-based application that is accessible on supported browsers such as Mozilla, Safari, Chrome, Internet explorer. Zerodha Streak platform assists retail traders to perform Algo trading strategies to automatically execute their trade orders. Although the main problem with Algo Trading is users require good programming and coding knowledge, however, with Zerodha Streak, one can perform Algo trading activities such as create trade strategy, backtesting, and others without any coding. Thus, in this way, the discount broker has solved traders' problems through facilitating them to start online Algo trade without programming knowledge. Walthrough with the completed Zerodha Streak Algo Trading Review including its features, charges, Streak mobile app, and its disadvantages.
Streak with the Zerodha platform facilitates Algo trading in 3 simple steps; create, backtest, and deploy.
It works on an intuitive interface which means trader need not know the computer language. You just need to create an algo by selecting the technical indicators, input stop loss and target profit percentage and picking the stock you want to trade-in. You also need to select a time frame ranging from 1min to a 1-day candle. The notifications are then sent on the streak app on your mobile as soon as the entry and exit signals mentioned in the algorithm are met. The orders then get executed if you take actions on the notifications sent to you.
Streak has a powerful backtesting engine that tests trading strategies on relevant historical data to analyze the levels of profitability and risk before taking the actual trade. It generates performance metrics for multiple stocks in a click. The backtest results include maximum gains, maximum loss, average gain per winning trade, the average loss per losing trade, maximum drawdown, and much more. These metrics give you a comprehensive idea of your algo’s performance.
Once you deploy an Algo on Streak, you will get an alert as soon as your strategy conditions are met. You can click on that alert to take action on that stock. There is a limitation from an exchange that retail traders can’t do 100% automated trading, that why final trade need to be submitted by a trader after alert pop up.
Zerodha provides its 7-day free trial with 25 backtest and 5 live Algos. After the trial period, it has 3 paid subscription plans that are Basic, Premium, and Ultimate.
Basic and Premium plans are not available for MCX whereas Ultimate Streak Plan is available for MCX and also comes with unlimited scans, 1000 backtesting, 100 deployments, 10 entry & exit conditions, and many more.
If you’re new to Algo Trading then just walkthrough with the product demo video to understand its features and usage. The broker provides a number of video to understand the chart patterns, Streak scanner, volume analysis, support & resistance level, and many others. Here is the link provided to go through the Zerodha Streak demo video.
The Algo trading platform by Zerodha is available in the web version as well as mobile version. Streak.zerodha.com is the Zerodha Streak web-based platform that is accessible on browser, however, mobile users can download the Zerodha Streak mobile app to start Algo Trading with Zerodha. Whether you’re an iOS fanatic or android user, you can install the Zerodha Streak app on your device.
Android users can install the Zerodha Streak mobile app for Algo trading from the Play Store, however, iOS fanatic can download the Streak app from the App Store.
Zerodha, one of the most innovative trading house in India is trying to provide best add-ons for traders. Streak is the best Algo trading platform added by Zerodha in its platform family. Even though Streak is a paid service, but it is more advanced and easy to use tool for traders who wish to do algo trading. Algo trading is not an easy task, but Streak made it much easier for retail traders. No need to learn any coding and it is easy to trade as it is integrated with Zerodha Kite. "Streak" a coding-free Algo-trading app is a unique product in the Industry. We suggest you to give it a try once.
Last updated on 23rd Jul 2020
Streak is a web-based cloud server algo-trading platform that can be accessed on any browser using the internet. There is no need to download any software. Zerodha Streak mobile app is also availabl on android platform, where you can logn using your Zerodha Kite credentails.
Streak is not an automated trading platform, it is an semi automated algo trading platform. You can create algos and deploy them in the market and receive a one-click order placement notification. The algo tracks the market movements so that you don't have to keep looking at charts to find your buy and sell signals. The user has complete control over order placement.
Streak is available at a subscription price per month. You can subscribe for basic, premium or ultimate plans per month. You can subscribe for any of the below plans and money will be deducted from your Zerodha Trading Account.
Zerodha Streak 3.0 is an Algo trading platform to facilitate automated trading facilities to users. Using the Streak platform, users can design their own Algos, backtest it, and apply the strategy on intraday trading. The best part is that Zerodha Streak enables users to perform algorithm trading without even having any programming or coding knowledge as the platform doesn’t require any coding. To start Algo trading with Zerodha, initially, users can access the free 7 day trial period and later, can subscribe to any plan among Basic, Premium, and Ultimate as per their requirements.
Zerodha Streak, when it was launched was completely free for all but now, Zerodha charges a fee from clients. It provides a free 7-day trial to Zerodha clients which allow 50 backtesting and 5 algorithms. Streak platform has 3 subscription plans; Basic, Premium, and Ultimate that charges vary as per the time for which the plan is being subscribed.
Check here the Zerodha Streak charges for various plans.
|Plans||Charges||Backtesting per day||Scans per day||Deloyment||MCX|
|Basic Plan||Rs. 500 per month +GST||200||100||25||No|
|Premium Plan||Rs. 900 per month +GST||500||Unlimited||50||No|
|Ultimate Plan||Rs. 1,400 per month +GST||1000||Unlimited||100||Yes|
Yes, the discount brokerage firm facilitates Algo trading on the mobile application by offering Streak by Zerodha mobile app. The mobile app is available for both Android as well as iOS devices and available to download on Play Store and the App Store.