Zerodha Streak – One of a kind trading masterpiece from the house of Zerodha
For those who love to ride high of technology-based trading, Zerodha Streak comes out as the most sought-after option on all fronts.
As it is a technology that brings in unprecedented levels of ease and value to stock trading for traders all across the world, choosing a technology-led trading platform like Zerodha Streak means great time saving, ease in trading, and desired value.
Zerodha Streak Review and Algo-Trading Platform review
Table of Contents
Zerodha Streak is a cloud-based semi-automated Algo-trading platform that is seamlessly integrated with all leading trading applications provided by Zerodha. Since it is a web-based platform, there is no need to download or install any software to perform trading.
Gone are the days when trading means sitting against your computer screen for straight 8 hours and baffling with complex software from installation to maintenance.
Today, by using the all-new Zerodha Streak 3.0, you can expect to get a superlative degree of trading performance without any hassle.
As it is a trading strategy that defines the success or failure of your stock investment, it is something all traders are worried about. However, this is no longer a pain point with this latest Streak platform.
It enables you to seek the benefit of proven trading strategies that are customized to your trading style and fondness.
The best thing is, this feed gets reset every single day and aspects in the prevailing market conditions and time settings.
It is so simple like you just have to browse through and narrow down the best strategies & instantly check their performance across stocks, currency futures, upcoming contracts, and commodities.
Salient features of Zerodha Streak
• An interactive interface is in place, which allows traders to code their strategies without getting into real coding.
• A number of technical pointers are given in this platform, that can be used to apply the strategy on the platform.
• Next-gen tools are provided for back-testing, which can be used to check various strategies based on historic information.
• A large quantity of historical data is available to analyse so that powerful back-testing can be done by the traders.
• An easy operating process, using the stages like create, back-test, and deploy is trailed by any fresh strategy. Therefore, it is very easy to work on this platform.
• Various conditions can be used for entry and exit in different strategies.
• One can uphold various Scrips together in the scrip baskets and continue the analysis together on all these Scrips. Up to 20 different Scrips can be allotted to the scrip basket, on which concurrent back-test and analysis can be performed.
• The strategies once checked can be positioned in the live condition. Real-time deployment in more about 20 scrips can be carried out at the same time using this platform.
• Dynamic triggers and notifications can be enabled and it is not important to devote the entire day in front of the Stock terminal.
• This platform is available to the Zerodha users for a trifling cost. This tends to increase the profitability of the traders considerably.
Pain points with Zerodha Streak
BEST ALGO TRADING APP BY ZERODHA
Some Disadvantage of Zerodha Streak
There are few demerits of Zerodha Streak as given below:
• First, this platform is not totally free of cost. There is a nominal charge for using this service once the free trial is over.
• Second, this platform can work only with good internet connectivity. Those working on a low-bandwidth might face issues in accessing the platform.
Zerodha Streak Charges
During the initial launch of Streak, there were no charges levied. But, as of today, a nominal price is charged for the usage of this platform.
Still, there is a 7-day free trial, which is good for beginners. Through this, they can check how much funds they can put in trading. Then, they can go for paid plans.
Plans/Duration 1 Month 12 Months
Basic ₹500 ₹350
Premium ₹900 ₹630
Ultimate ₹1400 ₹980
Strategies of Zerodha Streak
You will find a dedicated “Strategies” page in Streak that contains all the strategies you have picked for stock trading.
You might find some of them in the “Draft” stage while some in the deployed stage that has been already used by you. Do keep in mind that you are entitled to edit or remote any strategy from the list.
After you deploy a particular strategy, it can’t be edited or deleted. So, be careful while deploying any strategy.
Zerodha Streak Scanner
Another wonderful tool of Zerodha Streak is “Scanner”. Its main job is to narrow down the best performing stocks against the query submitted by you.
This feature is a step ahead than backtesting service as it not only scans the historical trade data but also LIVE feeds for the chosen stocks by you. You can choose to employ Heiken Ashi and Candlesticks to study the trends of the checked stocks.
Zerodha Streak Mobile App Review
This high-end Algo-trading platform is available in the mobile version too. However, an Android
version is still awaited. The functionality of the mobile app is very much similar to how it works in its web-version.
Few issues with the mobile app are:
• There might be some usability-related issues with the app. For example, you won’t find the ‘Delete All’ option if you wish to remove all deployed algos.
• Few ‘login’ issues are also reported like delayed loading, slow app response, and crashed dashboard, etc.
• Uncommonly, the backtesting feature may stop responding due to heavy traffic or low internet bandwidth.
Support of Zerodha Streak
You may discourage after knowing that there is no call support available. The only way to get to the support is through emails. This might be a downside for some users who might a promising answer to a query. Also read full review of Zerodha Kite
