Streak is a startup that we have partnered as part of Rainmatter in our quest to broaden retail participation in the Indian capital markets.
Over the years, we have offered various tools to help our clients trade systematically – Kite Connect, Pi bridge, NEST-AMI bridge, etc. Systematic trading brings in the discipline required to trade profitably. Even though Kite Connect has become extremely popular, since most retail traders have no programming knowledge, they have not been able to leverage it to their advantage.
I am excited about Streak and how it can hopefully be that change retail traders needed in their quest to stay profitable.
Find below a post by the team at Streak introducing to the first version of their platform. Do note that the platform will evolve and will incorporate a lot more technical indicators, and fundamental data over time. We have opened up a section on Tradingqna for you to discuss strategies and algos.
Streak simplifies algo trading
Technology has evolved drastically over the last decade and so have the stock markets. Algo trading in NSE has taken mainstage with over 40% of cash market orders being executed by algos as of Feb 2018.
On the other hand, we traders spend our market hours glued to trading screens, tracking multiple stocks and monitoring market movements, tediously trying to find trading signals. It’s practically impossible to make smart, timely trading decisions without human error, especially when emotions get in the way.
We need a platform which tracks the market for us based on backtested strategies and alerts us when the right signals are generated, giving us an algo trading edge.
Streak gives you a platform to algo trade, without coding.
With Streak, you can algo in 3 simple steps:
Create Algos in a minute
Using Streak’s intuitive interface, creating an algo is as simple as typing out technical indicators, keying in stop loss and target profit percentage and selecting the stocks you want to trade with.
Add up to 5 conditions
Exit based on strategies
Technical indicators and chart patterns
Streak has all the popular technical indicators such as Bollinger bands, Supertrend, Moving averages, RSI, Momentum Indicator and more. Chart patterns such as Spinning top and Engulfing pattern are also available on the platform.
Keep an eye out for more technical indicators in the next few weeks. You can see a detailed list of our technical indicators here.
Backtest to measure performance
Streak has a powerful backtesting engine that generates performance metrics for multiple stocks in a click. The backtest results include maximum gains, maximum loss, avg gain per winning trade, avg loss per losing trade, maximum drawdown and much more. These metrics give you a comprehensive idea of your algo’s performance.
Why is backtesting required?
Backtest essentially means testing a trading strategy on relevant historical data before you risk any actual capital. It is important to analyze the levels of profitability and risk before taking any trade in order to gain insight into the effectiveness of a trading idea.
Get a snapshot view of up to 20 scrips at a time and quickly skim through the results. Each result comprises of a P&L curve, key performance metrics and a downloadable transactions table.
Create baskets of stocks
Create custom baskets of stocks which you can later use to create algos and run backtests.
Add up to 20 scrips per basket and give it a unique name of your choice for later use.
Access your baskets from the “Create Algo” page.
Download table with all the hypothetical trades made in the backtests you have run.
Deploy live in market
Once you deploy an algo on Streak, you no longer have to track the stock manually. Streak bots track the stock movements for trade signals and send one click actionable alerts to take action when the strategy conditions are met.
Deploy algos across multiple scrips at once
You can select up to 20 scrips at a time and deploy them all at once.
Notifications on mobile
Receive alerts for deployed algos on the go, when signals are triggered. Install “Streak Notifications App” from Google Playstore to get actionable alerts on your mobile phone during market hours.
This app is only to take action on notifications and is not an end-to-end app. The complete app will be launched in July 2018.
You can log into Streak with your Kite credentials and get started. The platform is free until 30th June 2018 for up to 100 backtests and 5 live algos a day.
Streak is an extension to Kite – Zerodha’s exchange approved trading platform (accessible at https://www.streak.tech) . Alerts by the algo are essentially triggered as buy and sell order forms which you need to confirm. All such orders are placed through Zerodha and will show up on the Kite order book and positions as well. Today, you need to have your browser open to receive alerts, but very soon you will start getting these on emails/push notification on Kite.
You can also check out our YouTube channel for Intro and demo videos on how to use the technical indicators.
Now, everyone can algo.