No Coding Required: Algo Trading Platforms for Newbies

November 4, 2023

Reading Time: 4 minutes

Post Views: 164

No Coding Required Algo Trading Platforms for Newbies

Algorithmic trading has undeniably revolutionised the financial industry, offering an innovative approach to trading that caters to both investors and traders. By utilising computer programs and mathematical models, algo trading allows for the automated execution of trades based on predefined rules and data. It brings about the capability to adapt to diverse market conditions, making it especially valuable for those seeking to reduce emotional influences and make decisions with precision.

However, embarking on the journey of algorithmic trading, especially with all the coding that is needed, can be a daunting task due to its steep learning curve. So, until you gain a proficient understanding of all the coding that is needed for algorithmic trading, there are some ‘algo trading without coding’ platforms that can help you test and implement your trading strategies, even facilitating paper or live trading once connected with your broker. These platforms serve as an excellent opportunity not only for executing strategies but also for enhancing your understanding of the terminology commonly used in algo trading. Terms like slippage, backtest, brokerage, commission, drawdowns, and more become familiar as you explore and experiment with these platforms.

Table of Contents

uTrade Algos

uTrade Algos is another gateway to the world of automated trading in India. Developed by uTrade Solutions and Share India Securities, this algorithmic trading platform offers a comprehensive suite of features to help you plan, strategise, and automate your trades with ease. What sets it apart is its versatility, allowing you to not only execute your customised trading strategies but also subscribe to pre-made algorithms created by industry experts.

It has one of the fastest backtesting engines available in the market. This feature allows you to assess the historical performance of your strategy logic with precision, providing valuable insights into how your strategy would have fared in past market conditions.
With a commitment to reliability, it ensures that your trading operations run smoothly and without disruptions, allowing you to focus on your strategies and trading objectives.
On uTrade Algos you will get access to in-depth and comprehensive reports that provide a detailed analysis of your trading activities, enabling you to make informed decisions and fine-tune your strategies for optimal performance.
Here, you will benefit from the use of accurate historical data and the proprietary Algo Engine, which enables you to test and refine your strategies with confidence, giving you a glimpse of how they might perform in live market conditions.
The platform will also help you to visualise your trading strategies with interactive payoff graphs.
Here, you will get expert-backed algorithms with uTrade Originals. This curated collection of pre-built algos has been meticulously crafted by industry professionals with extensive experience and research. These strategies are designed to enhance your trading experience and safeguard your capital from the impact of inflation, catering to a wide range of market conditions.

TradeTron

Tradetron is a revolutionary algo trading platform designed to empower strategy creators. It achieves this by enabling them to automate their quantitative strategies and offer them to investors and traders worldwide.

The beauty of Tradetron lies in the fact that you can accomplish all of this without the need to write a single line of code or wrestle with complex algorithmic trading software.
Behind the scenes, Tradetron employs a robust algorithmic trading engine built on a distributed architecture.
Tradetron is a user-friendly and code-free automated trading platform that simplifies algorithmic trading.
Its visual interface and drag-and-drop functionality empower traders to construct strategies using pre-built blocks.
Backtesting capabilities allow for the evaluation of strategy performance, while real-time trading automates the execution of these strategies.
Tradetron offers customisation options and features a marketplace for sharing strategies, thereby enhancing the platform’s overall capabilities.
It provides an algo strategy marketplace where portfolio managers have the opportunity to craft and market their strategies while sharing in the profits.

Kuants

Kuants stands as an all-encompassing algorithmic trading platform, furnishing both the necessary tools and the requisite infrastructure. Hailing from Gurugram, Kuants is a fintech company that is on a mission to demystify algorithmic trading.

This is rooted in the belief that algorithmic trading should not be confined to high-net-worth individuals (HNIs) or institutional investors.

What sets it apart is its innovative approach to trading algorithmic strategies, offering a unique expression-based format that condenses complex strategies into a single line. This simplifies the process of creating and backtesting trading algorithms, all without the need for coding expertise.
At its core, Kuants revolves around a vast collection of predefined functions, seamlessly integrated with a syntax that allows users to construct and fine-tune their trading strategies. The primary objective of Kuants is to enhance the profitability of algorithmic trading while making it accessible to a broader audience.
It offers a comprehensive suite of features, including a live algorithmic trading platform and a simulator designed for those who wish to learn algorithmic trading.
Users can delve into tutorials that cover the fundamental concepts of algorithmic trading, test their investment hypotheses using historical data via the stock market simulator, employ in-house investment strategies for trading, and access the live trading platform.

StockMock

Stockmock stands as a pioneering platform in India, setting the benchmark as the nation’s first intraday and time-based backtesting platform designed specifically for Banknifty and Nifty Options strategies.

With a primary focus on backtesting, it excels in the arena of testing index strategies on options, particularly offering the unique capability of historical option backtesting.
Distinguishing itself from other platforms, StockMock takes a specialised approach by concentrating solely on the vital task of backtesting.
While it doesn’t provide live execution services, its core mission is crystal clear: to empower retail traders in their quest for profitable trading strategies.

RoboMatic

This is your all-in-one destination for algorithmic trading and backtesting.

It empowers users to craft a wide array of trading strategies, conduct thorough backtesting, and seamlessly deploy them for live execution.
At the heart of Robo-Matic.com lies its Strategy Marketplace, where users can explore strategy details, subscribe, and instantly deploy them for live or paper trade execution.
RoboMatic by TradeLab Technologies is backed by a robust backtesting engine, facilitating comprehensive testing across various asset categories, including options, stocks, and futures.
With access to up to five years of historical data, RoboMatic.com equips traders with the tools and insights they need to refine and optimise their trading strategies for real-world success.

Streak

Streak, an early entrant in the world of backtesting platforms in India, benefits from the strong backing of Rainmatter, a renowned Fintech incubator associated with Zerodha.

Recognised as one of the most prominent and widely used platforms, Streak offers a range of features, including support for paper trading.
Moreover, it seamlessly integrates with multiple brokers and boasts a user-friendly scanner creation tool that doesn’t require any coding expertise.
Streak’s commitment to simplicity and effectiveness makes it a valuable asset for traders looking to fine-tune their strategies and make the most of market opportunities.

While all these platforms offer algo trading without coding, it’s essential to understand that some level of understanding about financial markets and trading strategies is still necessary to use them effectively.

In summary, algorithmic trading, whether through code or no code algo trading platforms, represents a powerful tool for traders and investors to capitalise on market opportunities. With the right approach, understanding, and testing, you can potentially benefit from the advantages that automated trading brings to the table.

Frequently Asked Questions

Expand All

sdfdfds

Why is uTrade better than others ?

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

What is the Dashboard ?

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

How quickly can I start Algo Trading using uTrade Algos?

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

Who uses Algo Trading?

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.

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.
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.

What kind of strategies can one develop using uTrade Algos?

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.

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 – 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 7-day free trial!

Experience uTrade Algos on the web and mobile app without any commitment.

Knowledge Centre & Stories of Success

Introducing the New uTrade Algos App: Trading Power in Your Pocket!

•

March 28, 2024

Empowering Traders on the Go In today’s fast-paced world, mobility …

India Becomes the 4th Largest Stock Market in the World; Surpasses Hong Kong

•

January 23, 2024

In recent years, India's stock market has seen a remarkable surge, catapulting it to the status of the 4th largest in the world, leaving behind Hong Kong. This growth is not just a stroke of luck but a result of a confluence of several dynamic factors. The young Indian population, a burgeoning economy, increased retail participation in the stock market, and a boost in local manufacturing of global brands are key contributors to this phenomenon. Let's delve deeper into these elements to understand the Indian market's impressive ascent.

What is Futures Trading? A Comprehensive Guide

•

January 15, 2024

In financial markets, futures trading, be it algorithmic trading, on platforms like uTrade Algos, or manual, stands as a cornerstone of speculation and risk management. It is a complex yet vital component that drives global economies and provides opportunities for traders and investors alike. In this comprehensive guide, we will delve into the depths of futures trading, unravelling its intricacies, purposes, mechanics, and the role it plays in the financial world.