A Detailed Review Of Zerodha Streak For Algo Trading

Trading in the modern day has been simply due to the abundance of goods that may assist you in navigating many possibilities and opportunities. According to reports, Zerodha Company is the biggest and top-rated trading platform in India.

Technology has repeatedly shown to be a more secure and dependable platform for the stock market to conduct operations and trades. Introduce modern technology-focused solutions to help traders and investors alike make sound decisions and streamline the experience, especially for stock brokerage firms.

Leading discount brokerage firm Zerodha has unveiled Zerodha Streak, a novel trading platform.

What Is Zerodha Streak?

This is one of the many helpful products that the company sells is called Zerodha Streak. Streak is an online algo trading platform that doesn't require any coding knowledge. It is an extension of Kite.

This is the first retail Algo trading platform in the world without a coding requirement. It has connected with India's biggest bargain broker, Zerodha, and services about 9 million customers.

With the aid of more than 70 indicators, Streak enables you to build more than one million different algos with various permutations and combinations.

A discount broker's other trading platforms are deeply connected with the semi-cloud-based Algo trading program platform known as Zerodha Streak. There is no need to install any software or applications because this platform is web-based. Customers can use any of the popular online browsers to access the tool, but they can only trade on the NSE.

It is a platform that enables users to plan their tactics and strategies and semi-automatically execute trades by those plans. There is no coding necessary to conduct algorithmic trades. The user inputs, which come in the form of options shown in a user interface, are what power the entire platform. On a single platform, they can operate using many tactics and authenticate these strategies.

Features Some of the must-note features of the platform are: 

• Multiple Conditions: The platform allows adding up to five conditions to the strategic algorithm and allows the user to monitor the performance of their portfolio.
• Backtest Results: The user's results for each algorithm test can be displayed. Each result includes a P&L curve, important performance indicators, and a transactions table that may be downloaded.
• Technical Indicators: All of the well-known technical indicators, including Supertrend, Bollinger bands, RSI, moving averages, Momentum Indicator, and more, are included in Streak. On the platform, you can also find chart patterns like the engulfing pattern and spinning top.
• Notifications On Mobile: Through mobile notifications, you are given real-time updates about the installed algorithm. The Kite order book will display a complete list of the day's activity, including all orders placed and hours completed. The user would be informed of this via cellphone alerts.

 Cost

The trading tool Zerodha Streaks is not a free platform. There is a 7-day free trial run during which the trading tool is only partially accessible. There are 3 plans available after the trial period. 

• Basic: 500 rupees plus GST per month.
• Premium: 900 rupees plus GST per month.
• Ultimate: 1400 rupees plus GST each month.

 Pros Of The Platform

Some of the reasons why Streak stands out from the rest are: 

• Quick and easy strategizing process.
• The user interface is incredibly simple to use, straightforward in its design, and simple to grasp.
• The platform boasts the world's most potent backtesting engine, which can create performance measurements for several stocks with only one click.

 Cons Of The Platform

Some of the drawbacks of the platform are: 

• The use of the platform is not free. Some fees may or may not be reasonable for traders.
• The platform's general tools and indicators are limited. Future updates will provide further additions.
• A reliable internet connection is necessary for the platform. Any changes could prevent the platform from offering any useful information.

It's the ideal platform for people seeking an alternative to trading, and who can meet the requirements of how they intend to conduct deals. Expect profitability to fluctuate, but plan your strategy by that to determine what results will be favorable. As a result, this excellent platform offers you a variety of options to assist you to construct your conditions in addition to empowering its customers to set up conditions that make financial planning simple.