April 10, 2023

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Starting April 7, some users will receive beta access to uTrade Algos’ platform.

uTrade Algos, which has been in the works for a couple of years, is set to roll out exclusive beta access to users. The no-code platform, by uTrade Solutions, is aimed at helping retail investors reap the benefits of algorithmic trading without getting caught up in its complexities.

uTrade Algos boasts some unique and high-performance features, which sets it apart from other platforms. It has around 20 pre-made strategies, enabling investors to create complex multi-legged strategies in minutes. It also has a superior and accurate backtesting engine that lets traders see how their strategy would have performed in a specific time period. uTrade Algos also has interactive payoff graphs to help gauge how changes in various parameters, including target date and expected spot price, will affect the outcome of the implemented trading strategy.

Additionally, uTrade Algos has two vital tools—backtesting and forward testing—to help traders optimise their strategies without spending a single rupee. The former allows users to see how their strategy logic would have performed in the past using accurate historical data. With the latter, anyone can trade risk-free in simulated market conditions.

Another 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.

Kunal Nandwani, the co-founder of uTrade Solutions, said, “From the very beginning, we aimed to make uTrade Algos a one-stop platform for retail traders interested in algo trading, whether they were beginners or experienced. We spent a lot of time researching and improving the tools on our platform and are really glad to launch our beta version today. I am sure that uTrade Algos will democratize algo trading.”

As a part of the beta access, users will be able to test multiple features on the platform, including:

Creating multiple portfolios, strategies and strategy legs.
Accessing pre-made strategy templates and implementing them with one click.
Subscribing to uTrade Originals.
Retrieving backtesting results in minutes and optimizing strategy logic.
Forward testing in simulated live markets.
Checking payoff curves and strategies as well as complete portfolios.
Using the margin calculator for accurate computation.

You can join the waitlist for uTrade Algos’ beta version and stand a change to get early access!

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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.

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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.

Press Release of uTrade Algos