Our recently launched Strategy Shop has a range of wonderful strategies – for investors as well as for traders. Especially interesting for the trader community is the TradeTron suite of strategies that allows trading clients a vast range of intraday or positional strategies. With an option to either design very simple rules for their own trades (or their friends, via My Strategies option) OR just follow others (Called Market Place).
What is Tradetron
Tradetron is a cloud-based algorithmic trading platform where one can create, backtest and automate own strategies or subscribe to strategies of others- in simple English (And some math! But definitely no greek). Thus there is no need to maintain expensive software or buy data etc.
You can become either a writer of strategies or simply a trader (subscriber) or both! The choice is yours depending on your need and experience.
To ensure all of this can happen smoothely, the language used in the entire platform is not meant for the tech savvy but for simple users like yours truly , the writer- you have at your disposal hundreds of keywords ranging across technical indicators, price data, open interest, events, option greeks, etc. Thus one can easily select criteria to test or execute ones own strategies. In addition, as a strategy writer, you can also keep your strategies private, available to a close group, or public, available to anyone who chooses to subscribe. There is extensive backtesting available on the platform for the passionate people and a whole range of training videos if you are interested.
In essence, Tradettron allows democratic trading!
Or, Just Do It!
If you just want to make money (like the adage goes, aam khaane se….), visit the marketplace! Here you can browse through numerous strategies created by others and subscribe to the ones you like. Most of the strategies are offered free of cost but some require a fee. Each strategy listed in the marketplace has its description and performance statistics with all past trades, drawdowns etc. You can compare different strategies based on these stats and subscribe to the one that you are comfortable with. You can even message the strategy owner in case you have any questions.
Once you have subscribed to a strategy, the trades would be fired into your account based on the strategy conditions met. Of course, for most strategies, you won’t be able to see its conditions or copy them as they are locked by the creators.
The strategy conditions that are configured at Tradetron are checked in real-time by dedicated rule engines, and once the strategy conditions are fulfilled, the broker’s API is called to place the orders securely with your own credentials.
As simple as that! You can link your existing trading account with Tradetron to benefit from automation. If you are not comfortable initially, you may also paper trade or do something such as one-click order placement to get used to the strategy.
About the Strategy Marketplace
When your strategy conditions are satisfied, there are 4 different ways the prospect trades can be executed:
- Live (Fully Auto) – Orders would be placed automatically without any manual confirmation from the user;
- Live (Auto with one-click)– Requires confirmation from the user before placing the order;
- Live (Offline Execution) – Orders are not automatically sent to the broker, and instead a notification is generated on Email/Whatsapp/SMS, etc to you.
- Paper Trading – Simulation of real trading with none of the orders sent to the PLPL trading account. This helps you track trades and their potential profit/loss without risking real capital.
You can always keep a tab on the performance of the strategies using the reporting features at Tradetron .
Getting Started with Tradetron
Step 1: Create a new Tradetron Account. Follow this link and click on the “Sign Up” button on the top right. Enter your primary details to register. You can also Sign in with social media accounts like Facebook or Google .
Step 2: Purchase a subscription plan : Once you are logged in, click on your user name on the top right and then click on “Subscriptions”. On the next page click on the “change plan” option. Chose a plan as per your requirements and complete the payment.
Step 3: Add the broker account details (optional for paper trading but if you wish to trade via the PLPL Trading account, select Prabhudas Lilladher and add your online trading credentials). Add the details appropriately and click on the “Save” button.
Step 4: Self Creation: To create a strategy in Tradetron from scratch, you may refer to the below links to see the existing strategy templates and videos:
Step 4: Subscription: Alternatively, subscribe to a strategy from the marketplace (if you want to trade on others’ strategies)
To subscribe to an existing strategy from the marketplace, click on Strategies –> Marketplace from the main menu. The marketplace contains the entire list of strategies in order of their Return on Investment etc and you may filter basis other parameters.
On any strategy, you can drill down to the strategy page to see its description and historical statistics. If you are comfortable with the strategy, you can click on the “Subscribe” button to subscribe to it. (Note: All your subscribed strategies are listed under “Strategies –> My Strategies” from the main menu)
From the same page, you can deploy your subscribed strategy for live trading.
Step 5: Deploy a Strategy
Deploying a strategy means activating it for live trading. To deploy, you’ll need to provide the below details on the deployment page:
- Multiplier – Denotes your position size. Default is 1x which means the minimum position size specified by the strategy creator is used. Or in multiples of this depending on how much margin you intend to keep with your broker for this trade.
- Execution Type – You have 4 options here – Live Auto, Live Auto – One Click, Live Offline, Paper Trading. See descriptions of these options on the “Execution Types” subheading in this article.
- Broker – All your added brokers will show up in the dropdown. Select Prabhudas Lilladher here.
Once the strategy is successfully deployed, you are ALL SET!. Verify if the trades are correctly executed during market hours. You will get notifications for all the trades on your Tradetron dashboard as well as the online apps at Prabhudas Lilladher.
Tradetron charges for the platform in addition to what the strategy writer may charge. This subscription is offered at a very nominal price starting at 1000 INR per month for the Retail plan and goes up to 15000 INR per month for the institutional plan. The payment can be made using a credit card, net banking, or UPI.
To see a video on the process of signing up, do visit the Prabhudas Lilladher Youtube page at https://www.youtube.com/watch?v=A2cCtakf0Ew
To open an account at Prabhudas Lilladher, do visit https://instakyc.plindia.com/
Disclaimer: Prabhudas Lilladher Pvt Ltd only provides a platform for execution of trades via TradeTron and is not responsible for any trades undertaken or strategies or performance thereof.