7 reasons why PHI 1 is perfect for Intraday Traders

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

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

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

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

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


2. Advanced Charting

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.

Not available

Not available


3. Advanced Screener

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

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

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


4. Strategy Creation

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

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

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

General risk metrics are not available in Streak

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

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

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

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


8. Ease of Use

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

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

– 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

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


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.

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

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


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 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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