Zerodha Streak Review -An algo Trading Platform of Zerodha

Zerodha Streak is an Algo Trading method developed by Zerodha, one of the best-discounted stock brokers in India. Zerodha offers seamless trading apps with high performance to its users.

Zerodha Streak, a semi-automated algorithm cloud-based platform, is great for those who wish to trade using the automated features, helping them trade in large volumes and scale their portfolio.

Why Zerodha Streak, Features of Zerodha Streak

• The user-friendly platforms allow users to use apps without prior coding skills.
• The app has inbuilt backtesting strategies, helping the traders to check the company's historical data before deploying the stock.
• Allowing the users to allot 20 different stocks into a single basket at a time and continue with the analysis of all the stocks simultaneously.
• Installed with numerous strategies allowing the user to enter and exit various methods.
• The app was developed with high-performance technology for ultra-fast performance.

Zerodha Streak Strategy

The Zerodha Streak algorithm is quick to understand. It works on three main strategies — create, backtest and deploy.

1. Create

   The method in which the trader enters the required details to create a trading strategy.
   • Choose the stocks you wish to trade and the quantity you want to invest in.
   • Enter the value in the stop-limit column
   • Enter the percentage of target profit
   • Pick the technical indicator.
   • Name your strategy (name once entered cannot be changed)

2. Backtest

   Check the company's historical data, the trader needs to implement a set of rules. One can run multiple stocks backtest on Zerodha Streaks.

   The backtest results include:

   • Showing the curve of the profit and loss
   • Companies maximum loss and gains
   • Companies average gain and loss per trade
   • Maximum down measures — the lowest curve in profit and loss chart at any given period like 6 months or a year.

3. Deploy

   Once the trader buys the stocks, the deploy algorithm keeps sending notifications as it's been set.
   • Send the alerts if the strategy set met the condition, such as the stop-loss limit. The trader gets 5 minutes to take action.
   • Eliminates the traditional way of keep checking the price, saving time and energy.

Zerodha Streak Plans, Charges & Features

1. Zerodha Streak Basic Plan

   Zerodha Streak Basic Plan Charges: The cost of the Zerodha Streak Basic Plan ranges from Rs. 350 per month to 550 per month.

   • 1-month Subscription: INR 500 + GST Per Month
   • 3-month Subscription: INR 450 + GST Per Month
   • 6-month Subscription: INR 400 + GST Per Month
   • 12-month Subscription: INR 350 + GST Per Month

   Zerodha Streak Basic Plan Features:

   • 5 entry and exit
   • 200 backtest/day
   • 25 live strategies performance at a time
   • 100 scans per day
   • Heikin-Ashi chart

2. Zerodha Streak Premium Plan

   Zerodha Streak Premium Plan Charges: The cost of the Zerodha Streak Premium Plan ranges from Rs. 630 per month to 900 per month.

   • 1-month Subscription: INR 900 + GST Per Month
   • 3-month Subscription: INR 810 + GST Per Month
   • 6-month Subscription: INR 720 + GST Per Month
   • 12-month Subscription: INR 630 + GST Per Month

   Zerodha Streak Premium Plan Features:

   • 7 entry and exit
   • 500 backtest/day
   • 50 live strategies performance at a time
   • Unlimited scans per day
   • 1-hour Handholding session (available only on 12 months plan)
   • Heikin-Ashi chart

3. Zerodha Streak Ultimate Plan

   Zerodha Streak Ultimate Plan Charges: The cost of the Zerodha Streak Ultimate Plan ranges from Rs. 980 per month to 1400 per month.

   • 1-month Subscription: INR 1400 + GST Per Month
   • 3-month Subscription: INR 1260 + GST Per Month
   • 6-month Subscription: INR 1120 + GST Per Month
   • 12-month Subscription: INR 980 + GST Per Month

   Zerodha Streak Ultimate Plan Features:

   • 10 entry and exit
   • 1000 backtest/day
   • 100 live strategies performance at a time
   • Unlimited scans per day
   • 1-hour Handholding session (available only on 12 months plan)
   • Heikin-Ashi chart
   • Renko chart
   • MCX Commodities trading
   • NFO-OPT Options
   • Multi-Time strategy
   • 30 minutes call session with an expert (available only on 6 monthly plans)

Advantages & Disadvantages of Trading on Zerodha Streak

Advantages Trading on Zerodha Streak

• The users don't need to learn any coding skills to use the Zerodha Streak algorithm strategy software. Anyone can start trading on the platform.
• In the traditional trading method, the users need to watch the market and try not to miss anything. While trading on Zerodha Streaks, the trader can sit back and relax while the algorithm works. The users need to set the desired trigger amount; when it hits the specified amount, the software sends a notification. Thus, it saves time and helps the trader to scale their portfolio.
• There is a wide range of technical indicators inbuilt on Zerodha Streaks developed for different types of users — beginners, part-time traders, high-volume traders, and many more.
• With the back-testing method, the traders can be sure about their investments.

Dis-advantages Trading on Zerodha Streak

• The user needs to pay charges to use the Zerodha Streak platform after seven days free trial. The cost starts from INR 500 for basic. Certain features like handholding sessions operate only on 12 months subscription on premium or ultimate plan, which costs INR 900 and INR 1400, respectively.
• To perform trading on Zerodha Streak, the user needs to have excellent internet connectivity as the software cannot function on low bandwidth.
• There are limited indicators and tools activated in the current version of Zerodha Streaks. However, the company is planning to add some more features in the future.
• The features work only for mobile users. The software doesn’t work on tablets.

Frequently Asked Questions: