November 4, 2023

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No Coding Required Algo Trading Platforms for Newbies

Algorithmic trading has undeniably revolutionised the financial industry, offering an innovative approach to trading that caters to both investors and traders. By utilising computer programs and mathematical models, algo trading allows for the automated execution of trades based on predefined rules and data. It brings about the capability to adapt to diverse market conditions, making it especially valuable for those seeking to reduce emotional influences and make decisions with precision.

However, embarking on the journey of algorithmic trading, especially with all the coding that is needed, can be a daunting task due to its steep learning curve. So, until you gain a proficient understanding of all the coding that is needed for algorithmic trading, there are some ‘algo trading without coding’ platforms that can help you test and implement your trading strategies, even facilitating paper or live trading once connected with your broker. These platforms serve as an excellent opportunity not only for executing strategies but also for enhancing your understanding of the terminology commonly used in algo trading. Terms like slippage, backtest, brokerage, commission, drawdowns, and more become familiar as you explore and experiment with these platforms.

Table of Contents

uTrade Algos

uTrade Algos is another gateway to the world of automated trading in India. Developed by uTrade Solutions and Share India Securities, this algorithmic trading platform offers a comprehensive suite of features to help you plan, strategise, and automate your trades with ease. What sets it apart is its versatility, allowing you to not only execute your customised trading strategies but also subscribe to pre-made algorithms created by industry experts.

It has one of the fastest backtesting engines available in the market. This feature allows you to assess the historical performance of your strategy logic with precision, providing valuable insights into how your strategy would have fared in past market conditions.
With a commitment to reliability, it ensures that your trading operations run smoothly and without disruptions, allowing you to focus on your strategies and trading objectives.
On uTrade Algos you will get access to in-depth and comprehensive reports that provide a detailed analysis of your trading activities, enabling you to make informed decisions and fine-tune your strategies for optimal performance.
Here, you will benefit from the use of accurate historical data and the proprietary Algo Engine, which enables you to test and refine your strategies with confidence, giving you a glimpse of how they might perform in live market conditions.
The platform will also help you to visualise your trading strategies with interactive payoff graphs.
Here, you will get expert-backed algorithms with uTrade Originals. This curated collection of pre-built algos has been meticulously crafted by industry professionals with extensive experience and research. These strategies are designed to enhance your trading experience and safeguard your capital from the impact of inflation, catering to a wide range of market conditions.

TradeTron

Tradetron is a revolutionary algo trading platform designed to empower strategy creators. It achieves this by enabling them to automate their quantitative strategies and offer them to investors and traders worldwide.

The beauty of Tradetron lies in the fact that you can accomplish all of this without the need to write a single line of code or wrestle with complex algorithmic trading software.
Behind the scenes, Tradetron employs a robust algorithmic trading engine built on a distributed architecture.
Tradetron is a user-friendly and code-free automated trading platform that simplifies algorithmic trading.
Its visual interface and drag-and-drop functionality empower traders to construct strategies using pre-built blocks.
Backtesting capabilities allow for the evaluation of strategy performance, while real-time trading automates the execution of these strategies.
Tradetron offers customisation options and features a marketplace for sharing strategies, thereby enhancing the platform’s overall capabilities.
It provides an algo strategy marketplace where portfolio managers have the opportunity to craft and market their strategies while sharing in the profits.

Kuants

Kuants stands as an all-encompassing algorithmic trading platform, furnishing both the necessary tools and the requisite infrastructure. Hailing from Gurugram, Kuants is a fintech company that is on a mission to demystify algorithmic trading.

This is rooted in the belief that algorithmic trading should not be confined to high-net-worth individuals (HNIs) or institutional investors.

What sets it apart is its innovative approach to trading algorithmic strategies, offering a unique expression-based format that condenses complex strategies into a single line. This simplifies the process of creating and backtesting trading algorithms, all without the need for coding expertise.
At its core, Kuants revolves around a vast collection of predefined functions, seamlessly integrated with a syntax that allows users to construct and fine-tune their trading strategies. The primary objective of Kuants is to enhance the profitability of algorithmic trading while making it accessible to a broader audience.
It offers a comprehensive suite of features, including a live algorithmic trading platform and a simulator designed for those who wish to learn algorithmic trading.
Users can delve into tutorials that cover the fundamental concepts of algorithmic trading, test their investment hypotheses using historical data via the stock market simulator, employ in-house investment strategies for trading, and access the live trading platform.

StockMock

Stockmock stands as a pioneering platform in India, setting the benchmark as the nation’s first intraday and time-based backtesting platform designed specifically for Banknifty and Nifty Options strategies.

With a primary focus on backtesting, it excels in the arena of testing index strategies on options, particularly offering the unique capability of historical option backtesting.
Distinguishing itself from other platforms, StockMock takes a specialised approach by concentrating solely on the vital task of backtesting.
While it doesn’t provide live execution services, its core mission is crystal clear: to empower retail traders in their quest for profitable trading strategies.

RoboMatic

This is your all-in-one destination for algorithmic trading and backtesting.

It empowers users to craft a wide array of trading strategies, conduct thorough backtesting, and seamlessly deploy them for live execution.
At the heart of Robo-Matic.com lies its Strategy Marketplace, where users can explore strategy details, subscribe, and instantly deploy them for live or paper trade execution.
RoboMatic by TradeLab Technologies is backed by a robust backtesting engine, facilitating comprehensive testing across various asset categories, including options, stocks, and futures.
With access to up to five years of historical data, RoboMatic.com equips traders with the tools and insights they need to refine and optimise their trading strategies for real-world success.

Streak

Streak, an early entrant in the world of backtesting platforms in India, benefits from the strong backing of Rainmatter, a renowned Fintech incubator associated with Zerodha.

Recognised as one of the most prominent and widely used platforms, Streak offers a range of features, including support for paper trading.
Moreover, it seamlessly integrates with multiple brokers and boasts a user-friendly scanner creation tool that doesn’t require any coding expertise.
Streak’s commitment to simplicity and effectiveness makes it a valuable asset for traders looking to fine-tune their strategies and make the most of market opportunities.

While all these platforms offer algo trading without coding, it’s essential to understand that some level of understanding about financial markets and trading strategies is still necessary to use them effectively.

In summary, algorithmic trading, whether through code or no code algo trading platforms, represents a powerful tool for traders and investors to capitalise on market opportunities. With the right approach, understanding, and testing, you can potentially benefit from the advantages that automated trading brings to the table.

Frequently Asked Questions

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Why is uTrade Algos better than others?

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

What is the dashboard?

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.

How quickly can I start algo trading using uTrade Algos?

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.

Who uses algo trading?

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.

What is the process of algo trading?

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.

What kind of strategies can one develop using uTrade Algos?

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.

What are uTrade Originals?

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.

How fast is algorithmic trading?

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!

Claim your 7-day free trial!

Experience uTrade Algos on the web and mobile app without any commitment.

Knowledge Centre & Stories of Success

What Is PnL and How to Use It on uTrade Algos

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June 26, 2024

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.

6 Essential Tips for Optimising Your Algorithmic Trades With the uTrade Algos App

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June 19, 2024

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.

What Are Global Exit Parameters And How Do They Work In Algo Trading?

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June 18, 2024

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.

No Coding Required: Algo Trading Platforms for Newbies