Press Release of uTrade Algos

April 10, 2023
Reading Time: 2 minutes

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!

Frequently Asked Questions

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uTrade Algo’s proprietary features – Advanced Strategy form,  fastest back testing engine,  Pre-made strategies help you Level up your Derivatives Trading experience

The dashboard is a summarized 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 strategy performance

You can sign up with uTrade Algos and get started instantly. Please make sure to connect your ShareIndia trading account with us as it’s essential for you to be able to trade in the live markets. Watch this video to get started – Getting Started with uTrade Algos

While algo trading is 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. 
While more advanced traders can create their own algo-enabled portfolios, with our no-code easy-to-use order form, equipped with tons of features such as – Robust risk management, pre-made strategy templates, payoff graph, options chain, and a lot more.

From single leg strategies to complex portfolios with upto 5 strategies, each strategy having up to 6 legs – uTrade Algos gives you enough freedom to create almost any strategy you’d like. What’s more is, there are pre-built algos by industry experts for complete beginners and premade 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 – which is one-thousandth of a second. A speed which is impossible in Manual Trading. Experience the power of Algos for free with uTrade Algos – Signup now.

Claim your 15 day free trial!

Experience uTrade on Web & Mobile app without any commitment.

Knowledge Centre & Stories of Success

Options trading is a realm replete with potential rewards, offering traders various strategies to capitalise on market movements. However, the complexity inherent in options demands a cautious approach. Unlike other financial instruments, options carry specific nuances such as strike prices, expiration dates, and diverse option types. Navigating this intricate market necessitates a deep comprehension of these aspects, as miscalculations can lead to significant losses. Here are seven common pitfalls to evade for successful call and put option trading.

In algorithmic trading, the importance of risk management cannot be overstated. Algo strategies, while offering speed and precision, are inherently intertwined with risks. Understanding and effectively managing these risks is paramount as it determines the success or failure of such strategies. Here, we explore the pivotal role of risk management in shaping the fate of algo trading strategies.

In trading, the validation and optimisation of strategies are pivotal for success. Backtesting, the process of testing a trading strategy using historical data, is a crucial step in this journey. While both algorithmic and manual testing methods have their merits, algo backtesting holds several advantages over manual testing. Let's find out the specific benefits of utilising algorithmic backtesting for refining trading strategies.

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