How to create strategy in Zerodha Streak?
- Asked By
- Updated On:11-May-2021
- Replies:2
Short Answer
Head into your Zerodha Streak account, then click on the create option, following which enter all the fields of your choice. Click on the finish button to execute the scrips in your trading strategy.
Detailed Answer
Zerodha Streak is nothing but an algo based trading platform where users can input their strategies to execute trades in the stock market. While being cloud-based, its unique to ensure traders and investors have their tactics implemented in the best possible scenario. If you're looking to create strategies in Zerodha Streak? Then we have a step-by-step guide provided below. Check it out.
Creating strategy on Zerodha Streak
- The first step is to sign in to your Zerodha Streak account. If you don't have one, you can create it by heading to their website and opening an account.
- Once logged in, click on the create option, which should be available on the toolbar's top right corner.
- Then head down to the scrip option, where you will have to choose the trading strategy and investment desire. It could be NIFTY, options, commodity, and others.
- After which, choose the duration. It could be for a minute, hour, or all day long. It is completely based on your preference.
- Following this, you can choose whether to buy or sell your stocks or shares.
- Choosing the quantity of shares or stock is present right next to the option.
- It then comes down to choosing an indicator such as Bollinger Bands, EMA, SMA, or others.
- Provide a condition where the clause should be higher or lower than this and so on.
- Put an indicator for the same to ensure that you have everything rectified.
- Enter the stop loss figure where you are ready to take that much loss before selling it.
- Enter the profit that you are willing to make out of the trade. Ensure that it something realistic and not factual.
- Enter a unique name to save the preferences for later usage.
- Click on the finish button, and you can use it to start trading in the stock market.
Bottom line
Zerodha Streak is a unique tool where it implements all the unique inputs that the users might provide. It’s were creating the options to trade in, the buying and selling clause, the quantity of the trade, and much can be executed multiple times based on the stock market's nature. Quite a unique angle giving personalization to traders and investors for a unique experience.
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Discussion (1)
Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.
Streak is an online Options trading and Algo trading platform introduced by Zerodha in 2018. it was Free at the time of launch to Zerodha users but that was a limited-time offer and soon Streak started charging for subscriptions also for Zerodha users. But Zerodha users get a 7 day free trial period on Streak posy which one will have to choose a plan as per their needs to continue using Streak.
Streak is an online Options trading platform that helps Derivative traders to, create, backtest and deploy their own option strategies in the live market. Streak also provides Algo trading to its users without the need for any coding. This automates the process of trading to a large extent.
A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?
While looking for a discount brokerage firm for my requirements(Long term investments, intraday investments, F&O investments), I came across Wisdom Capital Discount Broker in India.
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Yes, the Indian discount broker is backed by Mr. Ratan Naval Tata. He held a 1.33% stake in RKSV Securities (popularly knows as Upstox) at the beginning of the year 2019. RKSV in RKVS Securities stands for the initials of the names of founders (RK for Ravi and Raghu Kumar, and SV for Shrinivas Viswanath).
No, a demat account is not required for SIP or Systematic Investment Plan because a SIP can be purchased directly from an AMC (Asset Management Company), a third-party financial advisor, your bank, or other online platforms.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
Zerodha is one of the best discount brokerage firm based in India. It provides a wide range of financial services to investors and traders.
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Besides creating new strategies on Streak, you can also apply any of the numerous pre-existing strategies on the platform. You can paper trade on those strategies, backtest them, look at the past performance, and then use them. This feature is extremely beneficial if you are a beginner or new to trading. You can further backtest, and paper trade your strategies without any real money, which makes it even more convenient.