Hi, I feel like kite connect should be a more full-fledged quant platform for the retail public. In the global markets, there is a platform called quantopian. With it, you can :
1.correlate between assets
2.use math to find mean reversion points
3.Detect asset anomalies
4. Variance and other statistical measures for risk management
5.backtest/optimize trading strategies
And much more stuff that is absolutely not possible on a “basic trader” oriented platform like streak. Indians are quickly learning what the west has learned a decade ago that is “FINANCE IS NOT A ART BUT A SCIENCE”. BTW I was at a zerodha-nse investor awareness program yesterday and I was told by a gentleman named Kazi Rahman that @nithin had recently been on a trip to the US and was greatly appreciated by the Americans for building zerodha and its other platforms beautifully, CHEERS to That!!! Coming back, i feel what we need to take from the US is their technological approach to finance by:
- Either collaborating directly with quantopian to use their platform and charge users a kite data fee. OR
- Build a MADE IN INDIA Quantopian by Zerodha.
Points I’d like to put forth:
The number one reason that more than 90% of the people lose money trading in India is due to the lack of thorough analysis of the backtests. Though streak provides a backtesting tool it is clearly not a solution for a more sophisticated retail trader. A platform by which a trader can program his own trading research into live trades or hire someone to do it for him will allow more retail traders to become profitable.
The number one difference between an institutional trader and retail trader is that the institutional trader uses analytics to trade whereas the retailer uses a strategy posted online to put on trades. By providing a research platform the retail trader can make more informed decisions based on statistics, probability and also decide how much he should risk.
Please Do Look at it as a priority.