Q & A – Trading Strategies: Introduction (Webinar)

(Disclaimer: This Q&A session was part of our educational webinar – Trading Strategies: Introduction on 18th September 2020 by PHI 1 – An end-to-end algo trading platform. The purpose of sharing these strategies is purely educational. Please do not consider these for investment purpose)

(Click here to watch the complete recording of the webinar)

Q.1. How are you carrying the short trades for so many days? Aren’t you supposed to square off the position at the end of the day? (Starts at 15:00 in the video)

A. That is correct. What we are doing here is backtesting our strategy. The idea here is that you can easily create a strategy, check whether it works or not. We are trying it out on equities. You also have an option to try this out on the Futures and rollover the contracts whenever they expire.

Once you are confident enough, you can try it on real-world conditions. For example, you can run it at a higher time-frequency, at an hourly level or minute level. All those frequencies are available in the platform, in which case you will get your long/ short signals and the square off within the day or within the week itself.

Q. 2. Can you analyze multiple symbols or instruments at the same time? (Starts at 18.30 in the video)

A. You can analyze up to 8 symbols or instruments at the same time. Not only symbols, but you can run your strategy on multiple time intervals as well.

Q. 3. Is this code available on the platform? (Starts at 23.00 in the video)

A. The code shown in this webinar is not available on the platform. We have shared the code in the form of a blog article. You can view the code here – (link)

Although, there are a few code templates available in the platform which you can try out at any time. (Shown in the screenshot below)

Create Strategy

Q. 4. Are there any more calendar controls other than the day controls? (Starts at 23.55 in the video)

A. Apart from day control, there is time control, week control, month control, and date control.

Time Control

You can specify the start and end date for the day.
For example – Trade between 10 am and 2 pm, if you think the volatility at the start and the end of the day is too much for your strategy.

Week Control

You can specify during which week to trade or not to trade
For example – Do not trade in the week when there is monthly expiry

Month Control

You can specify during which months to trade or not to trade

Date Control

You can specify dates on which you do not want to trade
For example – Budget Day or Monthly Expiry, etc.

Q. 5. Is there a way to learn these parameters? (Starts at 25.15 in the video)

A. You can visit our learn section to know more about the parameters to use in your code. The key here is to try out multiple things and backtest it multiple times to understand what works and what doesn’t.

Q. 6. Can I run a strategy on multiple time intervals?

A. You can run your strategy at multiple time intervals.

Q.7. Can I build a Keltner Channel Trading Strategy on PHI 1? (Starts at 28.15 in the video)

A. You have more than 120+ indicators to play around with on the PHI 1 platform so even building a complex strategy like Keltner is not a problem. If you want help in coding it, then please schedule a demo session with us and we will help you out.

You can also access the code guidelines in our learn section – https://app.phi1.io/Learn You can code the strategy using these 120+ technical indicators.

Example – Code for MACD – https://app.phi1.io/articles/macd

Q.8. I don’t know how to code. How do I get started with PHI 1? (Starts at 30.00 in the video)

A. There are 2 ways we can help you here.

If you have a trading strategy with clear rules with you, then schedule a session with us and we will help you code it.

The other piece is in progress. We are working on a form-based strategy builder that will help you build your strategy without any coding. That’s still in progress. Till then, you can always connect with us and we are happy to help you code your strategy.

(Click here to watch the complete recording of the webinar)

If you need any help or have any questions, then please schedule a demo session with us and we will help you out.

Tagged : / / / / / / /

3 Trading Strategies You Can Code and Backtest on PHI 1 Right Now

(Disclaimer: These strategies were showcased as part of our educational webinar – Trading Strategies: Introduction on 18th September 2020. The purpose of sharing these strategies is purely educational. Please do not consider these for investment purpose)

1. Pairs Trading Strategy (Using Kotak Bank & HDFC Bank using Day Frequency)

Init:

self.val = self.datas[0].close/self.datas[1].close

self.boll = BollingerBands(self.val, period=40, devfactor=2)

—————————————————————————————

Step:

if (self.val[0] < self.boll.lines.bot[0]) and (self.position.size==0):

  self.sell(data = self.datas[1])

  self.buy(data =  self.datas[0])

if (self.val[0] > self.boll.lines.mid[0]) and (self.position.size>0):

  self.sell(data = self.datas[0])

  self.buy(data =  self.datas[1])

READ :   Top 5 Best Algo Trading Software in India 2021

2. Trend Following Strategy (TURTLE TREND on Reliance Industries, 1 day)

Init:

class DonchianChannels(bt.Indicator):

    lines = (‘dch’, ‘dcl’,)  #dc high, dc low

    params = dict(

        period=20,

        lookback=-1,  # consider current bar or not

    )

    def _init_(self):

        hi, lo = self.data.high, self.data.low

        hi, lo = hi(self.p.lookback), lo(self.p.lookback)

 

        self.l.dch = bt.ind.Highest(hi, period=self.p.period)

        self.l.dcl = bt.ind.Lowest(lo,  period=self.p.period)

       self.donchian = DonchianChannels()

self.count1 = 0      

———————————————————————————————

Step:

if (self.data.close[0] > self.donchian.dch[0]) and (self.position.size==0):

   order_target_percent(target=1)

if (self.data.close[0] < self.donchian.dcl[0]) and (self.position.size>0):

   order_target_percent(target=0)

if (self.data.close[0] < self.donchian.dcl[0]) and (self.position.size==0):

   order_target_percent(target=-1)    

if (self.data.close[0] > self.donchian.dch[0]) and (self.position.size<0):

   order_target_percent(target=0)

3. Mean Reversion Strategy (ONGC Hour frequency; Calendar Selection: Wednesday)

Init:

self.boll = BollingerBands(period=21, devfactor=2)

self.count1 = 0

Step:

curr_date = self.datetime.datetime(ago=0)

if risk_control_window(curr_date):

 

   if (close < self.boll.lines.bot) and (self.position.size==0):

       order_target_percent(target=1)

 

if (self.position.size > 0):

   self.count1 = self.count1 + 1

  

if (close > self.boll.lines.top) and (self.position.size>0) and (close[0] > close[-self.count1]):

    order_target_percent(target=0)

    self.count1 = 0

 

if (self.count1 > 4) and (close > self.boll.lines.mid) and (self.position.size>0) and (close[0] > close[-self.count1]):

    order_target_percent(target=0)

    self.count1 = 0

 

if (self.count1 > 4) and (close[0]/close[-self.count1] > 1.02) and (self.position.size>0):

    order_target_percent(target=0)

    self.count1 = 0

   

if (self.count1 > 4) and (close[0]/close[-self.count1] < 0.98) and (self.position.size>0):

    order_target_percent(target=0)

    self.count1 = 0

  

if (self.count1 > 10):

   order_target_percent(target=0)

   self.count1 = 0

(Click here to watch the complete recording of the webinar)

How to use this code on PHI 1?

  1. Copy & Paste the Init code in the – Enter initialize code here section
  2. Copy & Paste the Step code in the – Enter step code here section
  3. Click Run And Save

Trading Strategies Webinar Screenshot

If you need any help or have any questions, then please schedule a demo session with us and we will help you out.

Happy Trading,
Team PHI 1

Tagged : / / / / / / /

Top 5 Best Algo Trading Software in India 2021

Algo trading or algorithmic trading is a process of executing orders using automated and pre-programmed trading instructions. In simple words, an algorithm is a group of directions designed to solve a problem.

Thus, algo trading makes use of complex formulas to make decisions regarding the buying and selling of securities on the exchange.

In algorithmic trading, one creates a trading strategy and programs the algorithm basis this strategy after having back-tested it. The algorithm then trades following this strategy.

Given that algorithms can process data in a faster and more error-free manner than humans and also eliminate emotions from trading, algo trading results in better-informed decisions with real-time data.

Further, these algorithms can work round the clock to offer accuracy and speed not possible with human trading.

Traditionally, traders have been automating their trading process using custom-made trading software and Excel macros. While both are time-consuming, the former is also quite expensive and the latter requires extensive human effort and only partially automates the process.

With various amendments in trading laws over the years, algo trading has gained rising popularity in India. To facilitate this, several algorithmic trading software and tools are available in the market.

Good algorithmic trading software is one that allows easy access to market and broker data, supports multiple instruments as well as markets, allows creation and testing of any trading strategies, has a user-friendly interface, provides readily available reports, has a reliable architecture as well as efficient order management and execution capabilities.

With the market inundated with many such algo trading platforms, we curate the top 5 algo trading software in India. We also compare their features, pricing, and limitations to make it easy for you to choose what suits you best.

Top 5 Algo Trading Software in India 2021

 

1. PHI 1

PHI1 - Best Algo Trading Software

Key Features:

  • Provides backtesting, scanning, analytical, and deployment tools all-in-one, making it a one-stop solution for systematic trading
  • Allows multiple testing strategies like bulk backtesting, grading on scenarios, and scenario backtesting
  • Advanced Charting for plotting multiple indicators for live updates
  • Multi-symbol Strategy Creator enables a user to create, test, and analyze multiple symbols or instruments with ease
  • Provides over 120 indicators for free
  • Intuitive and easy-to-use interface
  • Offers standard and calendar-based risk controls
  • Offers multi-broker integration
  • Users can create custom screeners by supplying a mathematical expression
  • Single dashboard to monitor the trading by date interval, strategy, time-frequency
  • No download or installation required

Pricing:

The platform has a lifetime free plan with enough services to chart, screen and do basic research on strategies.

The paid plans begin with a basic monthly plan of Rs. 699/- which allows you to take your strategies live and is one of the most affordable algo trading software in India.

Limitations:

  • Currently, PHI 1 provides data only for Indian Markets.
  • Knowledge of basic Python Syntax is required to define trade entry and exit conditions.

2. Zerodha Streak

Streak Zerodha Algo Trading Software

Key Features:

  • No requirement of prior knowledge of coding
  • Easy to operate with steps like create strategies, backtesting on the basis of maximum gains, maximum loss, average gains, average loss, etc. with a lookback period of up to five years, making it one of the best algo trading software in India 2021
  • The algorithm can be deployed in up to 20 scrips at once
  • Active real-time triggers, actionable alerts, and notifications
  • No download or installation required

Pricing:

Provides 4 monthly plans, starting with a basic plan of Rs. 500/month, a premium plan of Rs. 900/month and an ultimate plan of Rs. 1400/month. The plans come with a daily limit on scans and backtests.

The platform also offers quarterly plans starting from a basic plan costing Rs. 450/month effectively.

Limitations:

  • Presently has limited tools and indicators for technical analysis
  • Not free to use. Has a 7-day trial period.
  • Cannot be used for commodity/currency trading
  • No advanced charting and no order execution
  • Cannot create custom screeners
  • Cannot code custom strategies outside of predefined indicators.
  • Requires manual intervention for order entry.
  • Cannot create Pairs trade or arbitrage type multi-symbol strategies.
  • Cannot monitor multiple different time frames to make a decision.
  • Cannot monitor the equity and its derivatives to take a decision in the strategy.
  • Lacks real-time portfolio monitoring

3. Amibroker

Amibroker

Key Features:

  • Advanced real-time charting with portfolio backtesting and optimization
  • AmiQuote, a universally free quote downloader, collects current, end-of-the-day, and historical data from finance sites
  • Amibroker Formula Language (AFL) code wizard with the addition of code editor enables a user to use English words to create customized technical analysis formulae
  • Functions like Exploration and TradeRisk to create custom filters and risk control
  • Automatic order execution
  • Allows to trade directly from charts using an auto-trading interface (which works with Interactive Brokers)
  • Additional functions like custom metrics, rotational trading, multiple currency support, portfolio-level monitoring, etc.

Pricing:

AmiBroker – Technical Analysis Software is available as a single-user license with a first-time user license starting at $279 for the standard edition, up to $499 for the Ultimate Pro Pack. AmiQuote – Universal Quote Downloader and AFL Code Wizard charge a Single User License fee of $99.

Limitations:

  • Requires learning of complex Amibroker custom language to create strategies and code testing options
  • Lack of a standard template, the requirement of writing the code can be challenging for beginners
  • Mainly suitable for big traders who have tech team/ assistance at their disposal due to the coding requirement for strategy creation and debugging
  • Relatively expensive
  • Available only for desktop
  • Can only run one database per instance/ session, which implies that you cannot open more than one database without opening multiple instances of Amibroker
  • Requires buying of a bundle to access add-on features like AmiQuote and AFL Code Wizard

4. Ninja Trader

Ninja Trader Algorithmic Trading Software

Key Features:

  • Available for free to users with a Funded Account® for using standard features like charting, market analysis, and live trading, with partial and full strategy automation
  • Ninja Trader Ecosystem, a third-party developer community, has a plethora of third-party apps and add-ons available for the platform’s users
  • SuperDOM order entry and trade management system grant enhanced customization
  • Automated Trade Management (ATM) strategies are a part of the Trade + Feature Suite
  • Chart Trader enables users to place and manage trades directly from a chart
  • The number of strikes for Option Chain has been increased
  • Additional tools include Time & Sales, Level II, Hot Lists, etc.

Pricing:

Ninja Trader has three plans – Free, Lease, and Buy. The free plan allows the use of advanced charting, backtesting, and trade simulation.

The Lease plan starts with a monthly fee of $60, while the Buy plan comes for 4 monthly payments of $329 each or a one-time payment of $1099.

Limitations:

  • Free plan with a Funded Account® only includes basic features. To access premium features, users need to lease or buy the packages, where pricing can go on the higher side.
  • Ninja Trader is available on desktop only on Windows
  • Need to use a supporting broker to trade equities
  • NinjaTrader brokerage clients can use the CQG mobile app, but no app available yet if one is using another broker.

5. Meta Trader 5

meta trader 5 Algorithmic Trading Platform

Key Features:

  • Specialized integrated development environment MQL5 IDE enables traders to create, debug, test, optimize and execute trading robots
  • Strategy Tester enables visual testing, genetic algorithm, optimization, etc.
  • MQL5 Wizard generates the Expert Advisor Code to create trading robots for beginners
  • Four modules of execution – Market, Instant, Request, and Exchange execution
  • Market Liquidity Pool to monitor the market depth
  • Additional services like MetaEditor, strategy developers’ database, copy-trading, and virtual hosting

Pricing

For Traders, MetaTrader 5 trading platform has an initial deposit.

For Brokers, the platform has three variants – Entry, Standard, and Enterprise depending on their requirements.

Limitations:

  • Hedging for exchange markets is disabled
  • MT5’s programming language MQL5 is different from MT4’s MQL4, requiring traders to relearn coding and techniques
  • The programming language and advanced features might be difficult for beginners

 

We just reviewed the top 5 algo trading software in India.

With there being multiple options for algorithmic trading platforms in India, one can be spoilt for choice!

We urge you to choose an automated trading software that suits your requirements and preferences.

 

Why try PHI 1?

Whether you are new at algo trading or a seasoned trader, you have seen enough compelling reasons to try PHI 1.

The one that takes the prize is that it is a one-stop solution for systematic trading. PHI 1 is built for traders with the aim to set the trader free from daily mundane tasks so you can focus on the real deal!

Unleash your trading superpowers with PHI 1’s end-to-end algo trading software.

Get a free trial for one of the best algo trading software in India 2021.

Try PHI 1 for free today! Tagged : / / /

How to access PHI 1’s Multi-Symbol Strategy Creator

Step 1 – Log in to your PHI 1 account – https://app.phi1.io/

PHI1 dashboard

Step 2 – Go to Strategy. Click on ‘Create Strategy’

Create Strategy

Step 3 – Write your trading strategy. Add your symbols (In the below image, we have added 2 – TCS and Infosys. You can add up to 8 symbols). Click ‘Run and Save’

Write your trading strategy

That’s it! Now you can monitor and analyze your results.

monitor and analyze your results

If you need any help in exploring our Multi-Symbol Strategy Creator, then let us know & we will help you out – Schedule a call

Read: How to Build Pairs Trading Strategy with PHI 1’s Multi-Symbol Strategy Creator

Tagged : / / / /