uTrade Algos

uTrade Algos has unleashed a wave of exciting enhancements to its user interface, dramatically elevating the trading experience with cutting-edge functionalities!

  1. Users can now engage with detailed insights on uTrade Originals with an access to detailed metrics and mechanics.
  2. Custom made strategies can now be tailored and fine-tuned with improved interface tools in the detailed view tab.
  3. You can effectively manage strategy-wise books for optimal monitoring and adjustments.

uTrade Algos has gone all means to increase clarity, control, and efficiency in strategy operations.

uTrade Algos has streamlined its sign up and login process, making it more accessible/hassle free and secure.

  1. For New User: Now, you can sign up using just your phone number, eliminating the need for an email ID. 
  2. For Existing User: Forget the hassle of remembering passwords; simply enter your phone number and a one-time password (OTP) sent directly to your mobile.

This update enhances security and convenience, reducing the risk of forgotten passwords and unauthorized access, while making the entry process quicker and more user-friendly.

uTrade Algos has introduced a convenient new feature that enhances the way users set up their trading strategies.

Days To Expiry: With every updated expiry day, your strategy details also revises but now you can easily deploy your strategy without the hassle of remembering the expiry.

Share Strategy: uTrade Algos now offers an on demand sharing feature that allows you to easily share your selected strategies with friends and family. This not only simplifies the strategy planning process but also fosters collaboration and learning among peers, empowering you and your network to make more informed trading decisions together.

We have a good news to be shared with every uTrade Algos user. A recent update from SEBI regarding lot sizes for Nifty has made some major impact on the strategies under uTrade Originals. Now you can trade with a minimum investment of Rs 80,000. This is the minimum amount needed if your strategy chosen is Dual Nifty, Chakravyuh Ka Tod Nifty and Shaant Bazaar Ka Raja. Also, according to the change, the parameters of Stop Loss and Target Profit have changed for the uTrade Originals Strategies for Nifty. For Shaant Bazaar Ka Raja, the stop loss has gone down to Rs.1000 from Rs.2000. Similarly, for Chakravyuh Ka Tod Nifty, both the stop loss and target profit have gone down to Rs 600 from Rs 1200. Stop loss for Dual Nifty is reduced to 1200 from Rs. 2400.

In an exciting move that is set to redefine the trading landscape, uTrade Algos is now offering its suite of paid subscriber features to all new and existing clients at absolutely no initial cost. This unprecedented offer aims to democratize advanced trading tools, making them accessible to traders of all levels, from novices to seasoned professionals.

Also recognized as ES within uTrade Originals, this strategy focuses on BankNifty, Nifty, and FinNifty, operating on Tuesdays, Wednesdays, and Thursdays, respectively, on their expiry days. It’s an intraday option selling strategy that involves selling both Call and Put options. Leveraging the unique market dynamics on expiry days, the strategy aims to capitalize on price movements and volatility.

We’re thrilled to announce a significant milestone at uTrade Algos – the launch of our cutting-edge mobile application, now available for both Android and iOS users! Our mission has always been to empower retail intraday traders with advanced, user-friendly trading tools, and with this new development, we’re taking a giant leap forward.

Knowledge Centre

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. 

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.