As a trader, you regularly experiment to create a winning trading strategy. But sometimes, it is not possible to try out a particular strategy because of the restrictions which most trading platforms have.
Keep reading to find out how our upcoming release – Multi-Symbol Strategy Creator will set you free from all these restrictions.
1. Long and short rules within the same strategy
While most of the algo-trading platforms do not allow long and short rules within the same strategy, PHI 1 has no such constraints. You can build a strategy with both – long and short rules.
In the above example, -1 signifies a short position, 1 signifies a long position and 0 signifies square-off of any existing position. (Source: PHI 1)
2. Multiple securities in a strategy
No other cloud-based algo-trading platform with built-in data allows you to use multiple symbols inside a strategy. PHI 1 allows you to monitor different symbols/ time intervals/ asset classes to make your trading decisions on one or more of them. Thus allowing you to create highly exotic trading strategies in a couple of minutes.
3. Timed Stops
PHI 1 allows you to square-off or reverse a trade signal after any number of periods. This helps you in adding risk controls to all your strategies and reducing your risk.
In the above example, the platform squares off a position after 7 periods (Source: PHI 1)
4. Built-in Live and Historical Data
List of technical indicators in PHI 1
PHI 1 has live and historical data built-in for all asset classes – equities, futures and options instruments. You get tick by tick updates along with more than 120 technical indicators at your fingertips. From 1 minute to 1 month time intervals, to full data history for EOD, the data is fully adjusted everyday for corporate actions. So, no more worrying about integrating data sources.
5. Multi-Time Frequency Analysis and Trade Execution
We have kept the best one for the last. Often a trader will generate a signal using a higher time-frequency time series (like a minute and hourly bars) and pick a direction using lower time-frequency (like daily and weekly bars).
In most algo-trading platforms, you cannot add multiple time-frequency in your strategy. You are limited to the analysis and execution at a fixed time-frequency chosen during the construction of a strategy.
With PHI 1, you can add multiple time-frequency series, like weekly, daily, hourly and minute in the same strategy to get a better and detailed analysis of your strategy. In the above image, Daily Bars are being used in the strategy to select trade direction. (Source – PHI 1)
In the above image, Hourly Bars are being used in the strategy to select an entry and exit timing. (Source – PHI 1)
If you have any queries or need more information about our Multi-Symbol Strategy Creator, then drop us a mail at Support@phione.io and we will get in touch with you.