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.
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Frequently Asked Questions
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.
Backtesting gives you an indication* of how your strategy would have performed in a specific time period in the past using historical data. You can guage a strategy’s effectiveness in different time periods & market scenarios, improve it to remove any potential hiccups.
uTrade Algos also generates detailed reports which gives you crucial insights on your strategy’s performance and execution.
*Please note that backtesting is only indicative and in no way a surety of your strategy’s profitability in the future.
No, backtesting is only indicative and in no way a surety of your strategy’s profitability in the future. While backtesting provides valuable insights into how a strategy would have performed in the past, it is important to recognize its limitations which could arise due to different market conditions, volatility, system issues and so on.
No, backtesting in no way guarantees future trading success. While backtesting provides insights into strategy performance based on historical data, it is merely an indication as it does not account for future market conditions, unexpected events, or changes in market dynamics.
Calmar Ratio → The Calmar ratio is a gauge of the performance of your strategy. It is a function of the fund's average compounded annual rate of return versus its maximum drawdown.
Statistically, Calmar Ratio = Net P&L/Max Drawdown
The higher the Calmar ratio the better with anything over 0.50 is considered to be good. A Calmar ratio of 3.0 to 5.0 is really good.
Knowledge Centre
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.