Zerodha Streak Algo Trading Platform – Review, Features, Charges & more

Zerodha Streak is a one of its kind Algo trading platform launched by Zerodha. It is one of the highest rated algo trading softwares in India.

In this Article, we will go through in detail about Zerodha Streak, its various features, Charges & more.

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Zerodha Streak Review & Ratings

Zerodha Streak Ratings
CriteriaRatings
Processes7.2/10
Usability7.1/10
Features7.4/10
Speed7.6/10
Performance7.5/10
Overall Ratings7.4/10
Star Ratings★★★

About Zerodha Streak

There are a lot of people, who want to automate their trades while trading in the stock market. Algorithmic trading is the best way to achieve this goal.

However, the main problem with the algorithmic trading is that one requires adequate coding and programming knowledge to work on platforms which help in algorithmic trading.

Zerodha Streak Algo Trading Platform

On understanding these sentiments of retail traders, Zerodha has launched Zerodha Streak, in which tasks of algorithmic trading activities like back-testing etc can be performed without any coding, so we brought an Insight on Zerodha Streak from Zerodha.

Zerodha Streak is a platform, which is helpful in assisting retail traders to perform algorithmic trading and automate their trades. There are a lot of retail traders around the world, who want to succeed in their Stock market venture.

The main problem with the retail traders is that it is very difficult or the traders to watch the stock terminal screen and charts for the whole day and wait for the signals to get triggered as well as conditions to met. This problem is also solved by Zerodha Streak.


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    Zerodha Streak Algo Trading Platform

    Zerodha has recently introduced an innovative platform known as Zerodha Streak.  Through this software people can perform algorithmic trading even when they don’t have any programming or coding knowledge.

    Zerodha Streak is a platform on which you can code your strategies, back-test the strategies and semi-automate their trades in an interactive fashion.  There is absolutely no coding is required to perform algorithmic trading in Zerodha Streak.

    Zerodha Streak is based on interactive inputs from the users, in which various options are provided in the form of Graphic User Interface. The traders can work on different strategies and back-test it to authenticate these strategies.


    Features of Zerodha Streak

    Some of the major features of the Zerodha Streak platform are as follows:

    • An interactive interface is provided, through which the traders can code their strategies without performing actual coding.
    • A lot of technical indicators are provided in this platform, which can be used to deploy the strategy in this platform.
    • Very advanced tools for back-testing are rendered, which can be used to test various strategies based on historical data.
    • A huge quantity of historical data is provided so that effective back-testing can be performed by the traders.
    • A very simple operating procedure, employing the phases like create, back-test and deploy is followed by any new strategy. Hence, it is really easy to operate and work on this platform.
    • Different conditions can be put for entry and exit in various strategies. For example, up to 5 conditions can be put for an entry in the strategy.
    • One can keep many Scrips together in the scrip baskets and carry on the analysis together on all these Scrips. Up to 20 different Scrips can be put in the scrip basket, on which simultaneous back-test and analysis can be carried out.
    • The strategies once tested can be deployed in the live market. Real-time deployment in more about 20 scrips simultaneously can be performed by using this platform.
    • Active triggers and notifications can be provided and it is not necessary to sit in front of the Stock terminal for the whole day.
    • This platform is available to the Zerodha users for a nominal charge. This can immensely increase the profitability of the traders.

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    Zerodha Streak Charges

    When the streak platform was launched, it was a free service for the Zerodha customers. However, now a nominal charge needs to be paid, for using this service.

    The charges for this service are very less as compared to the benefits and profitability this platform offers.

    Zerodha Streak Charges
    PlanBacktests AllowedAlgorithmsExtra FeaturesPricing
    Free Trial505NoneZero
    Basic20025Heikin – AshiRs.500 per month
    Premium500507 Entry & Exit Conditions, Heikin – AshiRs.900 per month
    Ultimate100010030 min Expert Call, 7 Entry & Exit Conditions, Heikin – AshiRs.1400 per month

    Why invest using Zerodha Streak?

    Some of the major advantages of Zerodha Streak are as follows:

    • The major advantage is that one can go for algorithmic trading without any prior knowledge of coding or programming.
    • By using this platform, it is not necessary for the traders to watch the stock market terminal for the whole day.
    • A wide variety of indicators and tools related to technical analysis are rendered in this platform. One can devise his or her strategy based on these technical analysis indicators.
    • Effective back-testing can be performed by the backtesting engine provided with this platform. This will ensure the profitability of traders in the future.
    • Automatic trades can be placed by the use of this platform. This will save the trader’s time as well as avoid the negative effects of manual trading.

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    Disadvantages of Zerodha Streak

    As we have seen above, there are numerous advantages of Zerodha Streak platform. This platform has made trading easy as well as profitable for many traders.

    Few disadvantages of Zerodha Streak mentioned below:

    • Firstly, this platform is not completely free. There is a nominal charge for using this service.
    • Secondly, this platform can work only with sound internet connectivity. Hence a good internet connection is mandatory to use this Streak.
    • The tools and indicators of Technical analysis are limited in the present version. These tools and indicators will increase in the future.

    Conclusion of Zerodha Streak

    We have seen that a lot of people want to enter into algorithmic trading but the main obstruction was the lack of programming knowledge. Zerodha has removed this issue post introduction of Streak platform.

    Now, no programming knowledge is required for performing algorithmic trading. A very effective interface is rendered by this platform, which ensures effective deployment of the strategies without any coding.

    The profitability of the traders can be drastically improved by the use of this platform. The Back-testing, as well as deployment in the live market, can be easily performed by the use of this platform, which can ensure high profitability for the traders.


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