In the world of algorithmic trading, measuring performance goes beyond simply looking at profits. Here strategies are executed at lightning-fast speeds and hence, metrics beyond profits are needed to assess the robustness of it all. Among the various metrics, the PnL aka Profit and Loss is a critical metric that sheds light on the effectiveness of your algo trading strategy.
Featured
In the world of algorithmic trading, measuring performance goes beyond simply looking at profits. Here strategies are executed at lightning-fast speeds and hence, metrics beyond profits are needed to assess the robustness of it all. Among the various metrics, the PnL aka Profit and Loss is a critical metric that sheds light on the effectiveness of your algo trading strategy.
Algorithmic trading has become increasingly popular among traders looking to automate their strategies and capitalise on market opportunities. With the rise of algorithmic trading platforms like the uTrade Algos algo trading app, traders have access to powerful tools and technologies to execute trades with precision and efficiency. However, to make the most of these tools, it's essential to optimise your algorithmic trades effectively. Let us explore seven essential tips for optimising your algorithmic trades using the app.
In algorithmic trading, where seconds can make a difference, having effective exit parameters is crucial for managing risk and improving the chances of returns. Global exit parameters serve as predefined rules or conditions that trigger the exit of a trade, ensuring disciplined and systematic trading. In this guide, we'll find out about the concept of global exit parameters, explore their significance in algo trading, and understand how they function in real-world trading scenarios.
In the dynamic world of algo trading in India, automated position control on an algorithmic trading platform has emerged as a vital tool for traders seeking to streamline their portfolio management processes. Let us find out more about automated position control on an automated trading platform.
Algorithmic trading on algorithmic trading platforms has revolutionised the financial markets by allowing traders to automate their strategies and execute trades at lightning speed. One critical aspect of algorithmic trading is the ability to set up global exit parameters. These parameters are crucial for managing risk and ensuring that trades are closed under predefined conditions, thereby protecting the trader's capital. In this blog, we will explore the fundamental concepts and steps required to set up global exit parameters in algorithmic trading platforms.
In recent years, Indian traders have been increasingly turning to algo backtesting platforms to enhance their trading strategies and decision-making processes. This surge in adoption can be attributed to several key factors, reflecting the evolving landscape of the Indian financial markets and the growing sophistication of traders seeking a competitive edge. In this blog, we explore the reasons behind this trend.
In the dynamic landscape of the Indian financial markets, where volatility and diversity abound, the need for robust tools and platforms to analyse trading strategies is paramount. Backtesting, the process of assessing trading strategies using historical market data, is a cornerstone of successful trading. Originating in the early days of quantitative finance, backtesting, via backtesting platforms, has evolved into a sophisticated method for evaluating trading strategies in various market conditions.
In the world of financial markets, the success of trading strategies hinges on rigorous testing and validation. Backtesting, the process of evaluating a trading strategy using historical market data, stands as a cornerstone for developing and refining effective trading strategies. Let us understand more about the importance of backtesting, explaining why it is essential for crafting successful trading strategies.
Algorithmic trading has changed financial markets, empowering traders to execute trades with precision and speed, and leveraging complex algorithms. At the core of algorithmic trading lies backtesting—an indispensable process that evaluates the effectiveness of trading strategies using historical market data. In this blog, we find out about the pivotal role of algo backtesting, uncovering why it's crucial for backtesting algorithmic trading success.
Claim your 7-day free trial!
Experience uTrade Algos on the web and mobile app without any commitment.
- 2 Backtests per Day
- Access to uTrade Originals
- Create Upto 5 Algos
Frequently Asked Questions
uTrade Algo’s proprietary features—advanced strategy form, one of the fastest algorithmic trading backtesting engines, and pre-made strategies—help you level up your derivatives trading experience
The dashboard is a summarised view of how well your portfolios are doing, with fields such as Total P&L, Margin Available, Actively Traded Underlyings, Portfolio Name, and Respective Underlyings, etc. Use it to quickly gauge your algo trading strategy performance.
You can sign up with uTrade Algos and start using our algo trading software instantly. Please make sure to connect your Share India trading account with us as it’s essential for you to be able to trade in the live markets. Watch our explainer series to get started with your account.
While algo trading has been in use for decades now for a variety of purposes, its presence has been mainly limited to big institutions. With uTrade Algos you get institutional grade features at a marginal cost so that everyone can experience the power of algos and trade like a pro.
On uTrade Algos, beginners can start by subscribing to pre-built algos by industry experts, called uTrade Originals. The more advanced traders can create their own algo-enabled portfolios, with our no-code and easy-to-use order form, equipped with tons of features such as robust risk management, pre-made algorithmic trading strategy templates, payoff graphs, options chain, and a lot more.
From single-leg strategies to complex portfolios, with upto five strategies, each strategy having up to six legs, uTrade Algos gives one enough freedom to create almost any auto trading strategy one likes. What’s more, is that there are pre-built algos by industry experts for complete beginners and pre-made strategy templates for those who want to try their hand at strategy creation.
An interesting feature that uTrade Algos is bringing to the table is a set of pre-built algorithms curated by top-ranking industry experts who have seen the financial markets inside out. These algorithms, called uTrade Originals, will be available for subscribers on the platform.
Algos have the capability to fire orders to the exchange in milliseconds, a speed which is impossible in manual trading. That is why traders leverage the power of algo trading to make their efforts more streamlined and efficient. You can try uTrade Algos for free for 7 days!