Tag: Multi-symbol algorithms

7 reasons PHI 1 is a unique algo trading platform

by Team PHI 1Algo Trading Strategies / Algorithmic Trading

Consider this: While you may trade for a few hours that work best for you, a trading robot is at it for all 24 hours. That is 3, 4 maybe 10 times as much as a manual trader trades the market. This is a great advantage of algo trading. That said, many algorithmic trading software with a variety of features are available in the market, making it extremely confusing for traders to select the right software for them.

Moreover, most of these software have a few features required by traders and lack others. The key challenge that traders face here is that they need to use multiple tools and additional plug-ins to complete the trading process. There are no tools that constitute a comprehensive solution to algorithmic trading. Further, many of the software are also quite expensive.

This not only diverts the trader’s attention from actual trading but also costs them additional time and money.

Here’s why PHI 1 makes for a unique algo trading platform:

1. Advanced Charting For A Superior Charting Experience:

PHI 1 enables traders to plot several indicators for live updates. It provides traders with free access to real-time and historical charts with more than 120 indicators. Further, PHI 1 has built-in data on equity, futures, options, etc, enabling traders to easily analyze multiple aspects of an instrument, saving the time and cost required for everyday data integration. And with the charts in PHI 1 sourced from TradingView, traders get the same zippy nature of charts with the finesse of PHI 1. Moreover, the charting feature is part of the free plan!

2. Custom Screener Allows Traders To Scan And Filter With Ease:

Although many scanners are widely available, filters are usually limited to fundamentals. PHI 1 allows traders to scan and filter their group of symbols on a customized basis. Thus, traders can do screening based on any arbitrary analysis, with parameters based on price/volume action, volume ranks, and many more. Traders can create custom screeners by providing any mathematical expression with PHI 1.

3. Advanced Risk Controls That Most Platforms Do Not Offer:

Superior risk controls are absolutely essential for a trader. PHI 1 allows a trader to add all the necessary risk controls to his/her investments. Unlike other platforms, PHI 1 not only offers standard risk control metrics but also calendar-based risk controls. Moreover, traders can also create custom risk controls during strategy creation. Within calendar controls, apart from day control, traders can also make use of time control, week control, month control, and date control, giving them space to fine-tune their trading strategy..

4. Give Your Innovation A Go With The Multi-symbol Strategy Creator:

While most algorithmic trading software do not allow long and short rules within the same strategy, PHI 1 has no such constraints. Perhaps, one of the most unique features of PHI 1 is that it allows you to build a strategy with both long and short rules. PHI 1’s Multi-symbol Strategy Creator’s built-in data allows traders to monitor multiple symbols/time intervals/asset classes in a strategy to make trading decisions on one or more of them. Traders can, thus, create, test, and analyze multiple symbols/instruments with minimal effort and come up with highly exotic trading strategies in just a matter of minutes. Watch to see how!

5. Go Limitless with Advanced Strategy Creator and Testing:

Traders can devise any type of trading strategy with PHI 1, even if it is an arbitrary idea. This offers a trader the freedom to experiment with several trading strategies and spot more investment opportunities. Most other platforms do not allow custom strategies outside of templates. The few platforms that allow the creation of custom strategies have their own set of challenges like complex data integration or learning an entirely new coding language. Further, PHI 1 comes with several testing options such as back-testing, scenario testing, market crash, etc.

6. Multiple Pricing Plans Tailor-made To Suit Your Needs:

The platform has a lifetime free plan for plenty of services to chart, screen, and conduct basic research on strategies. The paid plans offer many more features and begin with Rs. 699/month with customized pricing for Enterprise plans. Thus, PHI 1 can be super cost-effective for traders. What’s more, it comes with a 30-day free trial for all plans. Other platforms that provide a similar range of features cost a lot more!

7. Robust Support To Ensure You’re Always At Your A-game:

PHI 1’s team provides support with strategy creation if you already have but need help in creating it on PHI 1. Support is also widely made available through our insightful webinars, broker integration, and a comprehensive knowledge bank.

From all the unique features of PHI 1, the one that takes the prize is that it provides a total solution to systematic trading. Thus, PHI 1 renders the trader free by automating the numerous mundane tasks that would otherwise cost the trader a lot of time and money.

PHI 1 thus offers the unique benefit of freedom via automation so the trader is busy trading and not dealing with the peripherals.

Experience the power of automation with PHI 1. Try PHI 1 for free!

 

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7 reasons why PHI 1 is perfect for Intraday Traders

by Team PHI 1Algo Trading Strategies / Algorithmic Trading / Technical Analysis

As the world moves towards automated trading, much of the hassles that come with manual trading like constant monitoring, excessive time consumption, and emotional bias are being done away with. With the rising popularity of algo trading, Intraday traders today have multiple trading-related tools at their disposal.

But, rather than creating a convenient environment, just as too many cooks spoil the broth, too many tools often distract traders from their main task of trading.

As no tools are available that constitute a one-stop solution to systematic trading, these multiple tools need to be integrated to complete the trading process. This shifts the focus of the trader from exploring profitable opportunities in the market to handling mundane tasks.

This exercise results not only in the waste of time and effort but also opportunity loss, directly affecting the trader monetarily.

Not only that, robust, well-proven tools also come at a high cost and most require knowledge of complex coding and languages.

Keeping in mind the hassles of using multiple tools, what intraday traders need is a comprehensive software that handles the entire trading process. PHI 1 can be the perfect enabler for intraday traders considering this aspect. 

Here are 7 compelling reasons why PHI 1 is perfect for intraday traders:

1. Advanced Charting Allows For Detailed Analysis And Saves Time:

PHI 1 comes with advanced charting features and offers more than 120 indicators for free. Intraday traders can also access real-time and historical charts with PHI 1.

How does this benefit the trader? Traders can plot many indicators for live updates. They can also seamlessly analyze multiple facets of a stock, and free themselves from everyday hassles of data integration.

Further, PHI 1 provides pre-integrated data for all symbols including equity, indices, futures, and options.

This saves a lot of time and effort spent on data integration. The trader is also assured of accuracy of data and can use the saved time to spot opportunities in the market.

2. Sit Back & Relax While Your Tried-And-Tested Strategy Plays Itself Out:

PHI 1 allows traders to automate their trading strategy so they can sit back and relax. How? Traders can create any type of trading strategy with PHI 1, even if it is just an arbitrary idea.

Unlike most other platforms, PHI 1 allows the creation of custom strategies outside of templates. PHI 1 offers several testing options as well.

With PHI 1’s Multi-symbol Strategy Creator, the built-in data allows traders to monitor multiple symbols/time intervals/asset classes in a strategy to make trading decisions on one or more of them.

Traders can, thus, create, test, and analyze multiple symbols/instruments with minimal effort. Traders can come up with innovative strategies in just a matter of minutes.

These trading strategies once tested can be implemented automatically, preserving discipline and eliminating emotional biases or impulsive decisions. Once finalized, the system will execute orders as per the strategy.

3. It’s On The Cloud!

PHI 1 is a cloud-based software. This means intraday traders do not have to go through the hassle of download or installation.

They can simply plug-n-play the software. Having everything—right from their data to saved strategies–ready can be a major relief for traders. All their data is also securely saved on the cloud.

4. Your Data Is Yours Only:

Your data such as strategies, trades, portfolio, and reports are encrypted and totally safe. Your data is only visible to you, which provides the added benefit of privacy and security.

5. Create Advanced Strategies Limitlessly:

PHI 1 offers an Advanced Strategy Creator which allows traders to create any type of strategy they can imagine of—no restrictions.

This gives scope to the trader to experiment more and more strategies and spot more trading opportunities.

What’s more, PHI 1 provides robust support via documentation. This includes comprehensive coding guidelines. Additionally, our support team is also there to assist you with coding strategies.

6. Backtesting Ability In Multiple Market Scenarios:

Very few tools are currently available for bulk backtesting, which is essential to determine scenarios where the strategy might underperform.

PHI 1 goes a step ahead to provide bulk backtesting along with auto-analysis of strategy performance. Thus, traders get a score on their strategies in a variety of market scenarios such as volatility, market crash, trending, and so on.

This minimizes the risk of trades, and the trader can choose the best strategy to execute whatever the scenario. The result: stress-free trading!

7. Experience The Ease Of Execution With Multi-Broker Integration:

PHI 1 comes with the benefit of multi-broker integration. This means a trader is free to select a broker of his/her choice from a list of available options. This also enables the trader to get the best rates while placing orders.

Moreover, even if one broker’s service is down or the trader does not have enough margin, they can always place trades through another broker. Never miss another opportunity again!

At the core of it all, perhaps, is PHI 1’s endeavour to ascertain ‘freedom’ to intraday traders.

The freedom—to pursue limitless strategies, to spot unlimited trading opportunities, and above all, to only focus on the real deal, and not everyday mundane tasks.

Imagine this – instead of spending every market day staring at your trading screen, you can spend your day trying out new and better strategies while your automated system executes your working strategy flawlessly without you doing anything. Well, with PHI 1, you do not have to imagine!

PHI 1 empowers traders throughout their trading journey via its all-in-one, powerful algo trading platform.

With the ease of use and the scope of scale that PHI 1 offers, it makes perfect sense to try PHI 1!

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

by Team PHI 1Algo Trading Strategies / Algorithmic Trading / Technical Analysis

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

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PHI 1 Vs Streak Vs AmiBroker – Comparison between Algo-trading platforms

by Team PHI 1Algo Trading Strategies / Algorithmic Trading

Here is a detailed comparison of PHI 1 vs Zerodha Streak Vs AmiBroker. In this comparison, we are going to touch upon 10 key metrics.

  • One-stop trading solution
  • Advanced Charting
  • Advanced Screening
  • Strategy Creation
  • Strategy Testing
  • Risk Control
  • Order Execution
  • Ease of Use
  • Knowledge of Coding Language
  • Portfolio/ Trades Monitoring

1. One-stop trading solution

PHI 1
Yes. From scanning, strategy creation to strategy testing and order execution, PHI 1 is an end-to-end algorithmic trading solution. It is available on desktop and mobile phones

Streak
No. Streak is mainly a templated strategy creator.
– No advanced charting
– No order execution
– Available on desktop and mobile phones

AmiBroker
Yes. It is a comprehensive tool but lacks a few things.
– No advanced charting
– Available only for desktop.

 

2. Advanced Charting

PHI 1
Yes. You get access to real-time and historical charts with over 120 indicators for free. It has built-in data on equity, futures, options, etc.

Streak
Not available

AmiBroker
Not available

 

3. Advanced Screener

PHI 1
Yes. You can create custom screeners by providing any mathematical expression.

Streak
No. You have a basic pre-defined screener for filtering assets.

AmiBroker
Yes. You can create custom filters with a feature called Exploration.

 

4. Strategy Creation

PHI 1
You can create any strategy, even arbitrary rules.
It’s upcoming release – Multi-symbol Strategy Creator allows you to create, test and analyze multiple symbols/ instruments with minimal effort. These symbols may or may not be related.

Streak
Streak provides you with pre-defined templates for strategy creation. You cannot code custom strategies outside of the templates.

AmiBroker
You can create any strategy, but it must be created using AmiBroker’s custom language, which is extremely complicated.
You must first learn the language, then code your strategy.

 

5. Strategy Testing

PHI 1
You have multiple testing options (Backtesting, Scenario-based, Market Crash, etc.)

Streak
General risk metrics are not available in Streak

AmiBroker
You can have multiple testing options only if you can program it yourself. So, first, learn the language and then code your tests.

 

6. Risk Control

PHI 1
PHI 1 has various types of risk control metrics.
– Standard risk control metrics
– Calendar-based risk control
You can even create custom risk control during strategy creation.

Streak
Streak has standard risk control metrics like Volatility, Liquidity Risk, etc. There are no custom risk controls.

AmiBroker
In AmiBroker, you can create custom risk control during strategy creation with built-in functions like TradeRisk. There are no calendar-based risk controls.

 

7. Order Execution

PHI 1
PHI 1 has automatic order execution. It provides multi-broker integration so you can choose a broker of your choice.

Streak
Order execution is not available. Trade signals are sent to you as notifications and you must execute them manually.

AmiBroker
AmiBroker has automatic order execution. It provides multi-broker integration so you can choose a broker of your choice.

 

8. Ease of Use

PHI 1
– Easy to use
– Intuitive interface
– No download or installation required
– No data integration required
– Has a lifetime free plan
– Advanced features

Streak
– Easy to use
– Templated interface
– No download or installation required
– Plan starts from INR 500 per month
– No custom/ advanced features

AmiBroker
– Not easy to use. You must learn AmiBroker’s custom language to use it.
– You must download and install it to use
– Data integration is required
– Pricing starts from INR 19,000
– Advanced features

 

9. Knowledge of Coding Language

PHI 1
Basic Python syntax to define trade entry and exit conditions. Rest of the utility code is handled by the platform.

PHI 1 Team supports with strategy creation if you have a strategy and need assistance in creating it on PHI 1

Streak

You don’t need any knowledge of a coding language to use Streak.
It has a form-based approach for strategy creation.

While this approach helps with basic strategies, for seasoned and expert traders, it limits them from experimenting with advanced trading strategies.

AmiBroker
You must learn AmiBroker’s custom language to create strategies on AmiBroker. Users say AmiBroker’s language is complex and takes time to learn.

 

10. Portfolio/ Trades Monitoring

PHI 1
One dashboard to track all trades by date interval, strategy, time-frequency.

Streak

Streak does not have real-time portfolio monitoring

While this approach helps with basic strategies, for seasoned and expert traders, it limits them from experimenting with advanced trading strategies.

AmiBroker
AmiBroker allows portfolio-level monitoring

 

Here’s a visual representation of the comparison as well. Please feel free to share with fellow traders!

PHI 1 Vs Streak Vs AmiBroker_Comparison

If you have a trading strategy, you can build, test & deploy orders on PHI 1 in 5 minutes. Try PHI 1 for free – https://www.phi1.io/

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How PHI 1’s Multi-Symbol Strategy Creator helps you spot unlimited trade opportunities

by Team PHI 1Algo Trading Strategies / Algorithmic Trading / Technical Analysis

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. 

1 signifies a short position, 1 signifies a long position and 0 signifies square-off of any existing position

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.

the platform squares off a position after 7 periods

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

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.Daily Bars are being used in the strategy to select trade direction. In the above image, Daily Bars are being used in the strategy to select trade direction. (Source – PHI 1)

Hourly Bars are being used in the strategy to select an entry and exit timingIn 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.

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Everything you need to know about PHI 1’s Multi-Symbol Strategy Creator

by Team PHI 1Algo Trading Strategies / Algorithmic Trading / Technical Analysis

Unlock unlimited trading opportunities with India’s first and only ‘Multi-Symbol Strategy Creator’. Read the FAQs to find out more.

Q. What is a Multi-Symbol Strategy Creator?

Using our Multi-Symbol Strategy Creator, you can create, test and analyze multiple symbols/ instruments with minimal effort. These symbols may or may not be related.

Here are a few examples of what you can do using our Multi-Symbol Strategy Creator

  1. For example, you can use your existing strategy, which you are using to analyze an SBI share, to analyze SBI Derivatives as well.
  2. You can analyze the underlying equity and deploy its futures and options contracts.
  3. You can trade when correlated securities temporarily break correlation.
  4. You can analyze all futures contracts for a particular ticker and trade the forward curve.

 

Q. Who can use Multi-Symbol Strategy Creator?

If you are a trader, then you will love this. This creator is useful for anyone who wants to try out advanced strategies like Pairs Trading or Arbitrage Strategies. 

 

Q. For what symbols/ instruments, can I use this?

Everything! You can build strategies for Equities, Indices & their Derivatives.

 

Q. What are the types of strategies I can create using this?

You can create more than 125 types of strategies using the Multi-Symbol Strategy Creator. Here are a few ones to start with – Mean Reversion, Momentum, Day Trading, Multi-Frequency, Arbitrage Strategies, Pairs Trading, Seasonality/Calendar based Strategies, Forward Curve etc.

 

Q. Can I do a Pairs Trading Strategy using this?

Yes! You can create a Pairs Trading Strategy within minutes.

 

Q. Can I try my arbitrage strategies using this?

Yes! You can create Arbitrage Strategies within minutes.

 

Q. Can I use this to test my strategy for Futures & Options?

You can backtest your F&O strategies on PHI 1 even now. Using this new feature, you can do more i.e. evaluate and analyze multiple instruments together for your F&O trading strategy.

 

Q. Can I analyze multiple time frequencies i.e. hour & minute level together in this strategy creator?

Yes. That’s the best part. You can analyze multiple symbols/ instruments, time frequencies, together using this creator.

 

Q. Is this similar to Streak or Amibroker?

Our beta users think it is easier, faster and deeper than Streak as well as AmiBroker. To use PHI 1, You don’t have to download or install anything. You don’t need any data integrations. Unlike Streak, you can create custom strategies in PHI 1. Plus, you don’t need to learn any new language to code your strategies. 

We would love to hear your thoughts as well!

 

Q. Is this easy to use?

Absolutely. Once we release it to the public, you can register on PHI1 and try it yourself. If you only want to create single symbol/ instrument strategies, you can start today.

 

Q. Do I have to download or install anything to use this?

No. All you need is the latest browser (preferably, Google Chrome or Mozilla Firefox) and a working internet connection. Once we release it to the public, you can register on PHI1 and start using it. You can use all the other features today.

 

Q. Do I have to pay to try this?

No. You can sign up and start using this for free. We offer 1 Strategy and 2 Backtests/ day under our Free Plan. You will find more details here.

 

Q. I want to try this, but I cannot code.

No worries. Schedule a demo with us, and we will help you out.

 

Q. Is there any documentation which I can refer to?

Yes. Here you go – https://app.phi1.io/Learn

It features information on the Indicators and Code Guidelines which you can refer to while creating your strategy. If you don’t find what you are looking for, drop us a mail at Support@phione.io and we will come back to you within 24 hours.

 

Q. Can I deploy my strategies as well?

Yes! You can. Add your broker to PHI 1 and you can directly deploy your strategies. If you don’t find your favourite broker there, drop us a line at Support@PhiOne.io and we will make sure we put them on our list and integrate with them pronto!

 

Q. I have limited capital. How is this helpful for me?

You can use this creator to analyze your security and use the signals to trade in Derivatives to get leverage.

If you have any more questions, then drop us a mail at Support@phione.io and we will get in touch with you.

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