How can uTrade AI Assistant help me in trading?

uTrade AI Assistant simplifies your trading experience with uTrade Originals by providing a structured, prompt-based approach to strategy selection, customization of the portfolio allocation and deployment. Let's explore in detail how this tool can enhance your algo trading journey with uTrade Originals.

Strategy Selection Made Simple

At its core, uTrade AI Assistant helps you deploy trading strategies from uTrade Originals based on your available capital and day preferences. When you access the assistant either from the web platform or mobile app, you'll find it prominently displayed with a simple "Deploy available funds" prompt. 

The process begins with your account's available balance. You can specify how much of your capital/argin you wish to deploy on any particular trading day. For instance, if your account has ₹5 lakhs available, you might choose to deploy ₹10 lakhs for a specific strategy. The assistant will then suggest appropriate strategies that align with your specified amount.

Market-Aligned Strategy Creation

What makes uTrade AI Assistant particularly valuable is its ability to incorporate your market analysis into strategy selection. After specifying your deployment amount, you can indicate your market outlook – whether you see the market as trending, range-bound, or volatile. The assistant uses this information to recommend strategies that align with current market conditions and your analysis.

Risk Management Integration

The assistant helps you maintain proper risk management, you can specify risk parameters for your chosen strategies. You can define crucial risk elements such as:

• Position sizing limits to ensure appropriate capital allocation
• Stop-loss levels to protect against adverse market movements
• Maximum drawdown thresholds to maintain portfolio stability
• Trading hour restrictions to match your availability

These parameters aren't just arbitrary numbers – they're integrated into the strategy's logic and backed by historical backtesting data to help you understand their potential impact.

Disclaimer: The allocation suggestions are Al generated, based on historical performance and backtesting results. It is not financial advice and does not guarantee future returns. Past performance is not indicative of future results. Please consult with a qualified financial advisor before making any investment or trading decisions. Algo trading is subject to market risks, technology failures, etc. Please trade using algorithms diligently.