7 reasons PHI 1 is a unique algo trading platform

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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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

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Building Pairs Trading Strategy with PHI 1’s Multi-Symbol Strategy Creator

Most trading tools in India let you perform price-series analysis on one security in a particular strategy.

PHI 1 allows the price analysis of multiple securities in a single strategy and thus allows the construction of advanced strategies like pairs-trade.

Pairs Trading is a trading strategy that matches a long position in one stock/ asset with an offsetting position in another stock/ asset that is statistically related. Pairs Trading can be called a mean reversion strategy where we bet that the prices will revert to their historical trends.

This video shows the ease with which a pairs trading strategy can be constructed using PHI 1.

In this example, data [0] refers to the TCS price series, and data [1] refers to the INFY price series.

Bollinger Bands are applied on both time series in the Init Code.

Step Code allows you to define various scenarios – going long on one security, and short on the other at the same time, as the price-series of any security breaches its band and square-off the above pair trade once its reverts to baseline or breaches the opposite band.
Any long/ short trade combination can be constructed which captures the divergence and convergence between two statistically related securities.

Another advanced iteration could be to apply Bollinger band on the ratio between the price-series of two securities and capture the divergence of this ratio through movement outside the bands and convergence through movement towards the mean. Our PHI 1 editor allows you complete freedom to conceive and implement your take on this classic multi-symbol strategy that helps you maintain market neutrality.

Once you run the strategy, you can monitor the paired trades and the performance of the strategy as well.

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

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

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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