How to create strategy in Zerodha Streak?

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

  1. 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.
  1. Once logged in, click on the create option, which should be available on the toolbar's top right corner.
  1. 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.
  1. After which, choose the duration. It could be for a minute, hour, or all day long. It is completely based on your preference.
  1. Following this, you can choose whether to buy or sell your stocks or shares.
  1. Choosing the quantity of shares or stock is present right next to the option.
  1. It then comes down to choosing an indicator such as Bollinger Bands, EMA, SMA, or others.
  1. Provide a condition where the clause should be higher or lower than this and so on.
  1. Put an indicator for the same to ensure that you have everything rectified.
  1. Enter the stop loss figure where you are ready to take that much loss before selling it.
  1. Enter the profit that you are willing to make out of the trade. Ensure that it something realistic and not factual.
  1. Enter a unique name to save the preferences for later usage.
  1. 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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    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.

Related FAQs

Is Streak free for Zerodha users?

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.

Can I automate my trading with Zerodha 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.

Is Zerodha Streak free? Algo Trading Platform

Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.

How to create smallcase in Zerodha?

Anybody can create their own smallcase on Zerodha by choosing any 50 listed stocks on NSE and arranging them in segments. You can also assign a certain weightage to specific stocks and trade them accordingly.

What is IOC in Zerodha Kite?

IOC simply stand for Immediate Or Cancel (IOC) orders. As you get more and more familiar with trading terms and slang, you might realize that each term is supposed to be linked with others, which form this sort of conjoined strategies. These strategies are usually what result in successful trading, rather than speculation.

Is Paytm Money better than Zerodha?

You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.

How to apply IPO in Zerodha? Buy IPO Online

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

How to withdraw money from Zerodha Trading Account?

To withdraw money from your Zerodha trading account, you need to place a withdrawal request by logging into Zerodha Console. Withdrawal of money is completely free. As per regulations, the withdrawal money will be credited only to the bank account which is mapped with Zerodha.

What is NFO in Zerodha? How to invest in it?

NFO in Zerodha is the abbreviation of "New Fund Offer". It refers to the introductory offer of a scheme by an AMC (Asset management company). An NFO is raised when a fund is launched and this will help the firm to raise capital for purchasing securities. 

How to Check IPO allotment in Zerodha?

There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website. To check the allotment status you can visit the website of the registrar of the IPO, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.