Zerodha Streak Review – Features, Pros, Cons and More

Table of Contents

Streak Deployment Options

Streak Features

Streak Pros

Streak Cons

Streak Pricing

Streak Strategies

Conclusion

Streak aka Zerodha Streak stands out as a valuable product provided by the formidable company. Streak, an extension of Kite, stands as the world’s pioneering retail Algo trading platform that eliminates the need for coding skills. With a user base of approximately 9 million customers, Streak has seamlessly integrated with Zerodha, India’s leading discount broker.

Empowering users to craft over one million distinctive algos, it leverages a wide array of over seventy indicators, allowing endless permutations and combinations. It serves as an online algo trading platform, eliminating the need for coding skills. The platform effectively addresses the common challenge faced by individuals who struggle with trading algorithms due to their limited coding abilities, making Streak an optimal solution to this ongoing predicament. Go through our Zerodha Streak Review, and know about the features, pros, cons, deployment options and more about the platform.

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Zerodha Streak Deployment Options

Zerodha Streak provides two types of deployment options:

1. Live Trading: With Live Trading, the platform sends actionable alerts whenever the specified strategy conditions are satisfied.
2. Paper Trading: Opting for Paper Trading mode enables users to assess the performance of their strategy without exposing any real capital. It serves as a virtual trading environment where you can test your strategy’s effectiveness.

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Zerodha Streak Features

• With an extensive collection of historical data at traders’ disposal, the platform enables a thorough analysis of the effectiveness of back-testing.
• Each scrip basket can accommodate up to 20 different scrips, allowing for concurrent back-testing and analysis, streamlining the decision-making process and improving trading efficiency.
• The Zerodha Streak platform boasts over 80 technical indicators, empowering users to leverage a wide range of tools for their trading needs. It permits the inclusion of up to 5 conditions when formulating a strategy’s entry criteria.
• To assist users in stock selection, Zerodha Streak incorporates a Scanner tool, streamlining the process of finding suitable stocks.”
• For beginners, Zerodha Streak offers Paper trading, an invaluable feature that provides hands-on experience in a risk-free environment.
• Moreover, the platform includes a Discover feature, featuring educational strategies published by Streak.
• Zerodha offers access to this platform at a minimal cost, ultimately enhancing traders’ profitability.

Zerodha Streak Pros

There are plenty of Streak advantages:

• The platform offers a wide range of technical pointers that can be utilized to execute strategies effectively. Also, it is equipped with state-of-the-art back-testing tools, allowing users to access multiple strategies using historical data.
• It provides its users with an interactive and user-friendly interface, enabling traders to implement their strategies through coding without requiring prior coding knowledge.
• Furthermore, the platform allows traders to upload multiple scrips into baskets, enabling them to conduct analyses simultaneously on all of them. This efficient multitasking feature empowers traders to manage their investments effectively.
• Traders have the flexibility to employ various conditions to enter and exit different strategies, enhancing their trading capabilities. By utilizing dynamic triggers and notifications, traders can efficiently manage their investments without having to spend an entire day glued to the stock terminal.
• The operational process is straightforward, utilizing stages such as creation, back-testing, and deployment, which are then followed by any new strategy. This streamlines the trader’s experience on this platform, making it user-friendly.
• The Zerodha Streak app is compatible with both Android and Apple iOS devices, and users can easily download it from the Google Play Store or App Store, depending on their platform preference.

Zerodha Streak Cons

There are a few Streak disadvantages to know about:

• The platform’s performance is contingent on reliable internet connectivity. Traders operating with low-bandwidth internet might encounter frequent problems while utilizing the platform.
• The usage of the platform is not free of charge. After the complimentary trial period, traders are obligated to pay nominal fees to access the services of Zerodha Streak.
• Currently, the platform offers a restricted set of tools and indicators for technical analysis. Nevertheless, it is expected that these tools and indicators will be expanded in future updates.

Zerodha Streak Pricing

Zerodha Streak offers various pricing options for its monthly subscriptions.

• The Basic Plan is available at Rs 500 for one month, with discounted rates of Rs 450 for three months, Rs 400 for six months, and Rs 350 for twelve months.
• The Premium Plan costs Rs 900 for one month, and you can get it at Rs 810 for three months, Rs 720 for six months, or Rs 630 for twelve months.
• The Ultimate Plan is priced at Rs 1400 for one month, with discounted rates of Rs 1260 for three months, Rs 1120 for six months, and Rs 980 for twelve months.

It is important to note that Zerodha offers a 7-day free trial for Streak, where users can access 50 back-tests and 50 scans per day, along with the ability to have up to 5 live deployments simultaneously.

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Zerodha Streak Strategies

Zerodha Streak empowers users to engage in algo-trading effortlessly, even without prior coding experience. However, a fundamental grasp of the indicators to be employed in a strategy is essential for optimal performance. By enabling the creation of personalized trading strategies and offering back-test results, it allows individuals to assess the effectiveness of their strategies before implementing them in real-time markets.

In Zerodha Streak, there is a dedicated ‘strategies’ page that includes all the stock trading strategies chosen by the trader. Some strategies are in the ‘draft’ stage, while others are in the ‘deployed’ stage, indicating they have been used before. Traders have the freedom to edit or remove any strategy from the list. However, once a strategy is deployed in Zerodha Streak, it becomes irreversible, underscoring the need for careful consideration by traders when deploying a strategy.

Read about Zerodha Account Opening Pros and Cons.

Conclusion

All in all, Streak – a third-party product offered by Zerodha, enables individual clients to engage in systematic trading of commodities, stocks, and currency futures. Leveraging Zerodha’s API, the Zerodha Streak tool efficiently executes orders internally. This user-friendly tool can be invaluable for you as it can diligently monitor the markets on your behalf, alleviating the need for constant market tracking, and automatically identify opportune moments to enter and exit positions, streamlining and simplifying your trading experience.