Algo trading is getting popular among retail investors these days. It is evident with the fact that 40% of the trades on NSE are done using Algo Trading. Zerodha as we all know is advancing in technology and try to bring something new every time. Zerodha bring Algo Trading with trading platform name Streak. Streak is the web-based cloud server algo-trading platform where anyone can be algo trader without having to have any technical knowledge/coding skills. It is the third party cloud-based platform offered by Zerodha, that allows you to create, backtest and deploy trading algorithms live in the market without coding. It performs the tedious task of finding the profitable trade opportunities for the traders, based on the backtested strategies and algorithms and send alerts when the profitable opportunity is found. Algo Trading with Streak can be done in three easy steps:
It works on 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 time frame ranging from 1min to 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, 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 limitation from exchange that retail traders can’t do 100% automated trading, that why final trade need to be submit by trader after alert pop up.
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.
The Streak Platform can be accessed from https://www.streak.tech/
Streak is an extension to Kite. Logging in to Streak is as secure as directly logging in with Kite. The login page is encrypted and maintained securely by Kite.
A dedicated Zerodha Streak app is available for Android users. You can download the full fledged mobile app of Streak from Google playstore.
Streak is only free to all the Zerodha customers till 31st of July. You can do upto 200 backtesting per day and 25 live algos at a time.
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.
You can only trade on NSE Stock exchange using Zerodha Streak Platform.
Streak supports only NSE exchange, commodity trading on MCX is currently not supported on Streak.
Streak Platform helps you automate your strategies on Equity Stocks and Futures Contracts. Options trading is not allowed on Streak.
Streak Platform does not support arbitrage trading.
Due to regulations, buy and sell orders are not automated. You will receive a notification based on your algo strategy on which you can place an order with one click.
More than 60 technical Indicators are available and more will be introduced soon.
Yes, you can design your own strategy using the Zerodha Streak Strategy creator.
You can define your Strategy Conditions using Standard Candle OHLC values and technical Indicators.
Zerodha, one of the most innovative trading house in India is trying to provide best add-ons for traders. Streak and Sensibull are the best trading tools added by Zerodha in its platform family. Even though Streak is a paid service, but it is more advance 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 6th Jun 2019