Are you curious about automated trading but not ready to dive into coding? With Streak by Zerodha, you can create, backtest, and deploy trading strategies — without writing a single line of code. Whether you’re a beginner trader or someone looking to automate simple strategies, Streak makes the process user-friendly and intuitive.
In this guide, we’ll walk you through how to build your first trading strategy in Streak step-by-step.
What is Streak?
Streak is an algo-trading platform integrated with Zerodha that allows you to:
- Create trading strategies using simple rules
- Backtest them with historical data
- Get real-time alerts
- Deploy them for live or paper trading
The best part? It’s all drag-and-drop — no programming required.
Step-by-Step: Creating Your First Strategy
1️⃣ Login to Streak
- Visit https://streak.zerodha.com and log in with your Zerodha account credentials.
2️⃣ Click on ‘Create Strategy’
- You’ll see a dashboard with options to explore strategies, create new ones, or access previously saved strategies.
- Click the “Create Strategy” button.
3️⃣ Define Basic Details
- Strategy Name: Give your strategy a meaningful name.
- Instrument: Choose the stock, index, or future you want to trade.
- Timeframe: Choose the candle interval (e.g., 5 min, 15 min, 1 hour).
- Chart Type: Leave it at Candlestick (default) unless you prefer Heikin Ashi or others.
4️⃣ Set Entry Conditions (When to Buy or Sell)
This is where you define the logic behind your trade using technical indicators or price action.
Example:
- Indicator: RSI (Relative Strength Index)
- Condition: Crosses below
- Value: 30 (indicating oversold)
Add more conditions if needed using AND/OR logic.
5️⃣ Set Exit Conditions
Just like entry, define when you want to exit:
- Profit Target: e.g., 2%
- Stop Loss: e.g., 1%
- Or set indicator-based exits (like RSI crossing above 70)
6️⃣ Position Sizing
- Define how many units or lots you want to buy/sell.
- You can choose between absolute quantities or percentage-based sizing.
7️⃣ Backtest Your Strategy
- Click on “Backtest” to simulate your strategy on historical data.
- You’ll get insights like win rate, profit/loss, drawdown, etc.
8️⃣ Deploy or Paper Trade
- Once satisfied, hit “Deploy” to start receiving live alerts.
- Or use Paper Trading to simulate without risking real money.
Example Strategy: RSI Bounce
- Buy when RSI crosses below 30
- Sell when RSI crosses above 70
- Timeframe: 15 minutes
- Instrument: NIFTY 50
- Stop Loss: 1.5%
- Target: 3%
This simple mean-reversion strategy works great in range-bound markets.
Pro Tips for Beginners
- Start with paper trading before going live
- Use well-known indicators like RSI, MACD, Moving Averages
- Keep strategies simple and easy to interpret
- Always analyze backtest results thoroughly
Final Thoughts
Creating your first trading strategy on Streak is as easy as filling out a form. No programming knowledge? No problem. In just a few clicks, you can turn your trading ideas into testable strategies that notify you in real time.
So why wait? Start building and testing your strategies today — and take the first step toward smarter, automated trading.
Would you like a PDF download or video walkthrough for this guide?