Why does the deployed algo in Streak doesn't execute the order automatically?

Streak - backtesting
7

Hi Mehul,

It’s still work in progress.

Thanks,
Streak

1 Like
8

@Streak @siva What are the probabilities that we’ll get that feature in the next year or two. Because working professionals cannot look at the screen all the time. Is there any way to execute orders if the computer is on and not need to actually click on the notification?

9

We can do in a day if SEBI allows this to happen but unfortunately regulators are against allowing algo trading to retailers, so, only once this rule is changed this is possible.

6 Likes
10

Hi, you can use this chrome plugin.
I created it and have been using for myself personally, thought of sharing it with other fellow traders, hope it helps :slight_smile:
Steps:

  1. Install the plugin(keep updating to latest version frequently)
  2. Log into kite in chrome
  3. Open new tab in chrome and log into Streak
  4. Deploy your strategy and sit back and watch, make sure not to close the browser or close chrome.
    Cheers !
1 Like
11

Hi,
for this software, can we minimize the browser and still auto trade?
plz ans my question sir

12

@siva

Why is this?

Are they saying that retail traders pose a systemic risk to the market?

with proper checks and balances , the risk should be minimal.

institutional fat fingers are allowed and goes unchecked, but oh no retail cannot have automated trades.

13

emm agree with you but that’s the rule, we have to follow it.

14

Yes, as long as, the browser doesn’t close and internet is available and you get notifications it will work.

1 Like
15

i tried this software but when browser get minimize or when computer go to sleep TradeRocket is not working

any solution

16

When the computer goes to sleep then computer stops browser so the connection to kite is closed from broswer.

17

Two simple solutions come to mind.

  1. Change your system setting to not to go sleep and just lock the screen
  2. My this post Fully auto trading - #50 by TradeRocket

Hope this helps.

18

Then why do they allow kite connect to automatically trade, and need to sign in to your account only once a day? …Why cannot they allow the same for streak?..

1 Like
19

From what i understand, commercially auto-trading cannot be provided to retail trades, where the orders for many users are triggered from single/few set of servers.
So from your own system in your house you can do what ever you want, and in this case the risk is borne by you in-case of any missed orders/bad prices etc.

1 Like
20

@siva @Streak Can you point to any articles about retailers doing auto or algo trading? I tried searching for it and couldn’t find them. Can you please post it here?

21

Maybe you can try googling with sebi circular on algo trading.

22

Still it remains in same boat. Automatic order are not going through.
If it is manual intervention. Then no use of Algo

23

Ya. Also there are free APIs like that given by FYERS, Alice blue and paid APIs like upstox, zerodha. For an individual trader one can connect to one of these APIs and auto trade.

On a side not some people with collocated servers get data faster than most of the retail. Hence the retail loose an edge over speed and time, I wonder why there is a barrier on commercial retail auto trading. There are no additional risks other than tech risk of failure as orders flowing through broker APIs go through their risk managed order management systems. This is on top of throttling limits in the API itself. The important thing in trading is to follow a plan day in day out. Auto trading will help to bring that discipline in play.

24

@Streak

Can I deploy algos on Streak now? Have you gotten the regulatory approvals? What regulations are these and where are they?

25

hi @shinigami84

Streak still provides trigger alerts based on the standard guidelines as per the regulations.

26

While the whole world allows this, they won’t, till eternity. Already stopped using streak and shifted elsewhere.