Streak Review – Top Features, Charges, Benefits, BackTesting, Strategies & more
In India’s trillion-dollar equity market, algo trading is making a promising wave. Imagine an excellent platform that lets you automate your portfolio strategy according to a trading pattern without coding experience.
India’s newly developed innovative algo trading platform, “Streak”, is here. Since its establishment in 2017, Streak has been committed to empowering individuals with intelligent investment decisions.
In a significant stride, it joined forces with Zerodha, India’s leading broking house, to democratize algo trading.
Today, the Streak Algo trading platform is revolutionizing the world of algo trading, and Streak review will introduce you to its game-changing features.
About Streak Algo Trading Platform
Are you tired of being tied to your trading screen, constantly monitoring charts? With the Streak Algo trading platform, those days are over.
With its drag-and-drop interface, this user-friendly platform eliminates the need for coding knowledge.
You can set entry and exit rules, and Streak will execute the trade. It’s like having a personal trading assistant, freeing you to focus on other aspects of your life.
Moreover, Streak allows traders to test their strategies on historical data without using real money. Thus, the Streak Advance algo trading platform frees you from the daily manual efforts to boost your portfolio.
Streak has features that provide a next-level trading journey if you are looking for real-time data, customizable alerts, data-driven decisions, and notifications.
Streak Algo Trading – Top Features
Since the launch of Streak Algo trading software, the App has always focused on improving itself! Here are some unique features of Streak software with the latest updates.
Technicals: With over 70 tech indicators, traders can create over 1 million combinations!
You can even get instant tech summaries for equities, futures, and commodities in different time gaps (every minute, daily or weekly).
Backtesting Support: Get a trial round with backtesting before investing real money. Streak’s backtesting engine helps traders analyze their trading practices.
In addition, you can apply this engine across multiple stocks. It provides metrics like maximum gains and losses, average win/loss per trade and maximum drawdown.
Build your Strategy: Streak allows traders to discover their trading potential with its strategy builder, offering basic and advanced modes.
In this interface, you must set stop-loss orders and target profit levels, choose your products, and leave the rest on the platform.
Fortunately, you can use it with multiple brokers and directly from the platform.
Powerful scanners: If you want to scan your customized basket of stocks or the entire sector, Streak’s powerful scanners bring you the best filtrate stocks and other products.
Moreover, you can find stocks and futures contracts that meet your scanning criteria. Traders can use the scanner in the live market to get instant benefits.
Automate trading and paper trading: Streak’s bots start taking over daily operations once you are done with strategy customization and other settings.
They begin to track price movement and send real-time alerts when the stock matches your pre-defined criteria. For maximum results, Streak can control 50 products using a single strategy!
In addition, the App includes Orderbook, Portfolio, and Profile page-like features to ensure a smooth trading journey.
You can also include more than five indicators while entering or exiting, providing complete control in an automated system.
Similar Platforms
| Algobulls | Quantiply |
| Algoji | Robotrader |
| Algotest | Ninjatrader |
| Algotraders | Tickeron |
| Smallcase | Tradetron |
How to use Streak Algo Trading Platform?
Starting with the Streak algo trading platform is no longer challenging. Whether you are an experienced trader with coding ideas or a new trader with zero coding concepts, Streak has everything under one platform.
To start, you need only three steps: Create, Backtest, and deploy your strategies without any hurdles. Here is a step-by-step guide to unlock features.
Step 1: Log in
- First, you need to log in to get into the platform.
- When you visit the login page, a pop-up window will appear on the Kite platform.
- Provide a username and password, but ensure the Kite account is linked to the Zerodha streak.
- Now, the dashboard appears, and you must choose a price plan.
- Next, you have full access to the platform, and it is time to select the products(stocks, futures, commodities).
Step 2: Build Strategy
- Go to your profile’s home page and check the icon at the topmost where Strategy, Technicals appears.
- You will get a series of in-build strategies like Trade Following, Price action and many more.
- Now, drag and drop the technical indicators.
- Define the conditions for entering and exiting a trade, such as stop-loss and target profit price.
However, selecting “Basic” or “Advanced” mode is suitable based on your experience level.
Step 3: Refine and Backtest
- Once you’ve designed your Strategy, it’s time for a practice or test drive.
- Streak’s backtesting engine is used to analyze using multiple tools and indicators.
- Analyze the result and check maximum gains/losses, average win/loss per trade, etc.
- You can change your strategy parameters, and traders can tweak them after the analysis.
Step 4: Automate & Execute (Deploy)
- For new traders, the paper trading option appears on the right side.
- You can use virtual money before jumping into the live market with real money.
- Once satisfied with the back tested results and paper training, apply your Strategy live in the market.
- Streak’s bots will now control the portfolio based on your conditions and send you real-time alerts when potential trading arises.
How to Download & Login to the Streak App?
Here are step-by-step processes to download the Streak App & log in to the same.
Download App
- Open the app market depending on your device (iOS or Android).
- Search for “Streak” in the search bar, and identify the official Streak app.
- Tap “Install” to download it onto your phone.
Logging In
- When the download is complete, open the Streak app.
- Now, look for the “Login” button or option within the App.
- A pop-up window might appear with various login options.
- If you’re using Zerodha Kite for brokerage, choose “Kite” as your preferred login method.
- The App will now request your login credentials.
- Enter the username and password associated with your Kite account.
Streak Platform Charges
From January 2024, Zerodha removed the paywall for users and made it accessible for traders. This clearly means that Streak Algo Trading Platform is available for Free to all Zerodha users.
Two subscription types are available for prominent brokers: Angel One, Upstox, ICICI Direct, and 5Paisa.
Here is a comparison between Streak platform charges to help you choose the right one.
Regular Plan (₹690+GST/mo)
- Designed for beginners who are about to start.
- You can execute 300 backtests per day with a refined strategy.
- This plan allows you to run 30 live strategies if you have a small portfolio.
- To find the best-fit stocks, you can make 500 scans per day.
- Heikin-Ashi candlesticks have seven entry and exit conditions.
Ultimate Plan (₹1400+GST/mo)
Suitable for experienced ones with a larger portfolio.
- For in-depth strategy optimization, you can make 1000 backtests per day.
- One hundred live strategies to diversify trading practices.
- Unlimited scan for complete market analysis.
- Support of auto risk management tools.
- The Japanese Renko chart is included for more visualization.
Benefits of Streak Algo Trading App
Here are some key benefits of using the Streak algo trading App.
- Streak offers a drag-to-drop interface. So, it welcomes traders with zero coding practice.
- It allows you to test your strategies with historical data before trading with real money.
- More than 70+ technical indicators, analyze market trends and build more valuable strategies.
- Streak’s powerful scanners help you find the stock that suits your trading style and choice.
- Traders can follow up on their deployed strategies in real-time, allowing them to make quick adjustments as per market sentiment.
- Streak is considered the market’s most advanced algo trading platform.
Streak Algo Trading Platform Review – Conclusion
Despite the male-dominated trade market ecosystem, Streak founder Jayalakshmi aims to ensure a fast and automated solution for traders that helps the firm achieve a nearly $8 million valuation.
Undoubtedly, Zerodha plays a crucial role in this win-win situation. Though the Streak Algo trading platform review focuses on its ease of use and some automation features, it’s good to note that Algo trading doesn’t discourage human practices.
The more you practice in the live market, the more you learn. However, you have had better mock practice with Paper trading under Streak.
FAQs on Streak Algo Trading App
Here are various FAQs on the Streak Auto Trading Platform.
How does Streak work?
Streak operates algorithmic trading with pre-defined programs and customized rules. It helps traders create, backtest, and deploy trading strategies without coding.
We discussed it in detail earlier in this Streak review.
Is Streak Free?
Yes, Streak is free for Zerodha users, but for other brokerage firms like Angle One, ICICI Direct, Upstox, and 5Paisa, it has two monthly price plans: Regular (₹690+GST) and Ultimate ( ₹ 1400+GST).
How to use Streak?
Start the code-free algo trading journey by signing up for the Streak trading app or website. After that, you can use direct pre-defined strategies based on your risk appetite and trade volume.
Next, you can go for a backtesting to get the trial result. Finally, you are ready to start with Strategy in a live market. It will be notified to you when your pre-defined price and conditions meet the stock.
Is Streak Good for Trading?
Streak has had an almost seven-year glorious journey in the Indian equity market. Millions of happy customers boast about its market performance.
How do you create algorithm trading strategies using Streak Platform?
Design your automated trading strategy with Streak! Set your entry and exit rules with more than 70 technical trend analyzers.
Unsure? Test your Strategy with backtesting. Now, you can deploy the Strategy in a live market, and the rest of the part goes to Streak bots.
Is Streak Automated Trading Trusted?
Yes, Streak’s automated trading empowers millions of users. Even market watchdogs also approve of such practices.
What are the Charges for using the Streak App?
Fortunately, there is no charge; Streak is free for Zerodha traders. But for other brokerage houses like Angle One, ICICI Direct, Upstox, and 5Paisa, Streak has two monthly subscription plans: Regular (₹690 + GST) and Ultimate (₹1400 + GST).