Last Updated: Feb -20-2018
Streak is a startup that was partnered by Zerodha to help retail traders to experiance live algo trading with no coding required.
Algorathemic trading (Automated Trading or simply Algo Trading) is the process to Buy or Sell a security based on some pre-defined set of rules which are backtested on Historical data to generate profits at a speed and frequency that is impossible for a human trader.
It is an extention to KITE which tracks the market based on backtested strategies and alerts when the right signals are generated, giving an algo trading edge.
In 3 steps, users can algo with Streak:
Creating a algo strategy using Streak is as simple as adding a technical indicator to the chart. The user has to add scrips, quantity of sctocks,input entry and exit conditions involving technical indicators,stop loss percentage and profit percentage. That's it, user is now ready to backtest the strategy performance.
BACKTEST TO CHECK PERFORMANCE
Backtesting on Streak allows users to measure the hypothetical performance and returns of algos on historical market data of stock or contracts. The backtest page allows users to adjust and modify various input parameters which are used to run a backtest.
DEPLOY LIVE IN MARKET
Deploy allows users to take their algos live in the stock market and to get actionable alerts based on the entry and exit conditions.
All orders placed through Streak platform will show up on the Kite order book and positions. Presently, users need to have browser open to receive alerts, but very soon users will start getting notifications on emails/push notification on Kite.
ZERODHA STREAK PRICING
Zerodha Streak offering free trail till 31st March,2018 where it allows users to do 25 Backtestings per day & 5 live algos at a time. Post 31st March 2018, a monthly subscription of Rs 500 is charged to get complete excess of the platform, where users are allowed to 100 Backtestings per day & 50 live algos at a time.
|Free Trail till 31st March 2018||Rs 0||25||5|
|Monthly Plan||Rs 500||100||50|
CONCLUTION: Systematic trading brings in the discipline required to trade profitably. Since most retail traders have no programming knowledge, Zerodha Streak provides platform to helps them to automate their trades with no coding required.