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Welcome to Streak.tech, an extension to Kite - Zerodha's exchange approved trading platform. Streak.tech is provided by Streak AI Technologies Pvt. Ltd, a web-based platform to create, backtest and deploy trading algorithms.
Create is a process to input entry and exit conditions involving technical indicators, stop loss percentage, take profit percentage, instrument, quantity of stocks etc and form a trading strategy, hereafter referred to as "trading algo" or "algo" or "algorithms".
Backtesting is the process of testing a trading strategy on relevant historical data to ensure its viability before the trader risks any actual capital. A trader can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk. Streak AI Technologies Pvt. Ltd. (Streak.tech) strives to give you accurate information on your trading strategies and your algorithms, however methodology covers the PROCESS AND ASSUMPTIONS THAT ARE MADE DURING CALCULATING THE RESULTS OF THE ALGO(ALGORITHM) DURING BACKTEST AND THE DATA SHOWN AFTER DEPLOYMENT.
In addition to the services that allow you to create and backtest a trading algo (algorithms), Streak.tech is an extension to Kite - Zerodha's exchange approved trading platform that allows you to engage in live trading through deployment feature in the platform.
Using Streak AI Technologies Pvt. Ltd. (Streak.tech)’s Services, including its deploy services, presents several different types of risk. We have summarized these below. You should read and understand these risks before you use any of Streak AI Technologies Pvt. Ltd. (Streak.tech)’s services.
The risks that can arise from using Streak AI Technologies Pvt. Ltd. (Streak.tech)’s Site and Services fall into three broad categories:
1. Risks inherent generally in using Internet-based technology;
2. Risks inherent in creating, backtesting, and deploying trading algorithms; and
3. Risks inherent in engaging in live algorithmic trading.
ANY PERMUTATION OR COMBINATION OF THE OCCURRENCE OF THE POTENTIAL EVENTS THAT DEFINE THE RISKS DESCRIBED IN THIS DISCLOSURE STATEMENTS CAN LEAD TO A TOTAL OR PARTIAL LOSS OF OPERABILITY, RESPONSIVENESS, FUNCTIONALITY, AND FEATURES THAT COULD MATERIALLY AND ADVERSELY AFFECT YOUR USE OF WWW.STREAK.TECH OR STREAK.ZERODHA.COM.
The Internet-related technological risks arising from using Streak AI Technologies Pvt. Ltd. (Streak.tech)’s Site and Services to write, test, analyze, and run trading algorithms and related trading strategies fall into three categories: (a) risks related to Streak AI Technologies Pvt. Ltd. (Streak.tech)’s software; (b) risks related to Streak AI Technologies Pvt. Ltd. (Streak.tech)’s computing and communications infrastructure; and (c) risks related to your software, hardware, and Internet connectivity. It is your obligation to thoroughly and appropriately test any trading algorithm before you deploy it and to continually monitor the operation of any deployed trading algorithm to ensure it is running properly and in compliance with any applicable rules.
a. Streak AI Technologies Pvt. Ltd. (Streak.tech)’s software might fail or work properly.
i. All software is subject to inadvertent programming errors and bugs embedded in the code comprising that software. Any of these errors and bugs can cause the software in which they are located to fail or not work properly. The applications software used to operate Streak AI Technologies Pvt. Ltd. (Streak.tech)’s Site and Services depends is subject to this risk. Despite testing and on-going monitoring and maintenance, inadvertent errors and bugs may still cause a failure inStreak AI Technologies Pvt. Ltd. (Streak.tech)’s applications software.
ii. We may update or revise our applications software in ways that cause some of its functionality or features to be lost or diminished. Any such loss or diminution could make Streak AI Technologies Pvt. Ltd. (Streak.tech) less valuable to you, cause certain functions and features in your algorithms to fail, and require you to change your algorithms and related trading strategies.
b.Streak AI Technologies Pvt. Ltd. (Streak.tech)’s computing and communications infrastructure may fail.
The operation of Streak AI Technologies Pvt. Ltd. (Streak.tech)’s Site and Services depend heavily on our infrastructure of computing and communications systems. The operation of this infrastructure is subject to several risks:
i. Any or all of the systems comprising our infrastructure could entirely or partially fail, function erratically, or function very slowly (thereby leading to latency, i.e., delays in receipt of and response to user requests).
ii. We may inadvertently cause a systems failure during planned or unplanned system maintenance.
iii. We may undertake software upgrades, either planned or unplanned, that take longer to implement or that causes your computer system or Internet connectivity to fail.
iv. We may change or remove functions and features whose change or removal causes your system to fail, function erratically, or function very slowly.
c. Your computer system and your Internet connectivity may fail.
Any of the components of your computer system and/or your Internet connectivity could fail entirely, function erratically, or function very slowly. The result of any of these occurrences could make it difficult or impossible for you to access the Streak AI Technologies Pvt. Ltd. (Streak.tech) Site or use the Streak AI Technologies Pvt. Ltd. (Streak.tech) Services.
You may incur losses (or fail to gain profits) while trading securities. You should discuss the risks of trading with the broker-dealer where you maintain an account or other investment professional. Streak AI Technologies Pvt. Ltd. (Streak.tech) provides you only with trading technology and can provide no investment, financial, regulatory, tax or legal advice.
Creating, backtesting, and deploying computer-based trading algorithms is subject to several risks, any of which can cause your algorithms to not function as you had intended or fail to achieve one or more of the objectives of your algorithms. Algorithmic trading is rapidly changing as a practice and as an industry. Models of markets used to write and test trading algorithms are inherently limited and often fail to perform as expected. In addition, trading algorithms are implemented in software programming code, and no matter how well designed and thoroughly tested, any such code can have logical errors and bugs that cause the algorithms to malfunction or suggest trades that, if executed, would result in losses. It is your obligation to thoroughly and appropriately test any trading algorithm before you deploy it and to continually monitor the operation of any deployed trading algorithm to ensure it is running properly and in compliance with any applicable rules
a. Your algorithm may be designed on the basis of an incorrect understanding of technical indicators which may not work as expected.
b. Your algorithm may contain logical errors in the way you understand the indicators and comparators.
c. Errors may exist in the data used for testing your algorithm or the applicable model of the market.
d. Your algorithm might appear to succeed in a backtesting environment using historical data, but fail when using live data.
e. Your algorithm might appear to succeed with some data sources, but fail when using other data sources in our system.
f. Your algorithm may not achieve the returns you anticipate. There are no guarantees, or even expectations, that can be made about the future behavior of an algorithm.
Streak AI Technologies Pvt. Ltd. (Streak.tech)’s and Zerodha allows you to engage in live trading. Engaging in live trading subjects you to (a) the risks associated with trading generally, and (b) the risks associated with live algorithmic trading using Streak AI Technologies Pvt. Ltd. (Streak.tech).
THE OCCURRENCE OF ANY OF THE EVENTS ASSOCIATED WITH THESE RISKS, ALONE OR IN COMBINATION WITH ANY OF THE OTHER RISKS DESCRIBED IN THIS DISCLOSURE STATEMENT, COULD RESULT IN THE LOSS OF ALL OF THE MONEY YOU HAVE DEPOSITED IN THE BROKERAGE ACCOUNT YOU USE FOR LIVE TRADING BASED ON THE ALGORITHMS YOU WRITE, TEST, AND RUN ON Streak AI Technologies Pvt. Ltd. (Streak.tech). LOSSES CAN HAPPEN MORE QUICKLY WHEN USING ALGORITHMIC TRADING THAN OTHER FORMS OF TRADING. YOU SHOULD DISCUSS WITH AN INVESTMENT PROFESSIONAL THE RISKS OF TRADING IN GENERAL AND ALGORITHMIC TRADING IN PARTICULAR. YOU USE ANY ALGORITHM IN LIVE TRADING AT YOUR OWN RISK AND IT IS YOUR OBLIGATION TO THOROUGHLY AND APPROPRIATELY TEST ANY TRADING ALGORITHM BEFORE YOU DEPLOY IT AND TO CONTINUALLY MONITOR THE OPERATION OF ANY DEPLOYED TRADING ALGORITHM TO ENSURE IT IS RUNNING PROPERLY AND IN COMPLIANCE WITH ANY APPLICABLE RULES.
In addition to all of the risks described above, live algorithmic trading is subject to the following types of types of risk:
It is not possible for a computer model to truly predict what might have happened if an algorithm-based trading strategy was in play in a live trading environment. For example, the implementation of such a strategy can itself have an impact on the market, and the model may fail to account for real-life factors that impact the model. Moreover, the model may fail to account for execution costs including broker commissions, fees, and trading slippage.
A promising model result does not necessarily predict a successful strategy. Execution of the algorithm and the performance of that code may prove to be impossible in a live trading environment. Changes in various market factors not foreseen in a model can change, causing a strategy to fail. A backtest might be over-fitted to past data, and fail when the strategy is applied to new, live data. Orders that were executed correctly in the backtesting environment may be disallowed or rejected because of various reasons eg: margin requirement , illiquid stocks etc causing the algorithm to fail or otherwise not perform as expected. Attempts to create, exit, or cancel orders might fail, or might result in unexpected outcomes. Moreover, your algorithm might not handle market conditions that cannot be reasonably anticipated, i.e., a “flash crash” or an exchange outage. These market conditions, by definition, will not have been tested.
Market centers in which you seeking to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors.
Your algorithm might suffer from adverse market conditions. Those conditions can include lack of liquidity, and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and mid-day trading pauses, and other such disruptive events.
Streak.tech infrastructure on which you are running your algorithm might fail. In addition, even if Streak.tech infrastructure or your broker's infrastructure and API are working correctly, the orders may get rejected in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports). If at all, any losses arise from these risks, Streak AI Technologies Pvt. Ltd. (Streak.tech) bears no responsibility for this.
Latency (i.e., delays) within and between your system, as well as those of your broker and the market in which you seeking to effect trades, might cause orders, corrections, and cancels to be placed or not placed in ways that are not desired. You may receive incorrect information, or be unable to get information, about your orders, your positions, or market conditions. Incorrect actions may be taken, or correct actions may not be taken, because of inaccurate or missing information. In addition, you may be unable to terminate or edit your algorithm.
The time lag between the actionable alert generation time, the time at which you receive the actionable alert, and the time at which you take action on the alert, can cause a delayed order placement in the market, lead to cancellations, and cause you loss (or fail to gain profits) and may deliver unanticipated results vastly different from the backtest results.
Algorithmic trading depends on the availability of various services from third parties in addition to your service provider and your broker. These, for example, include providers of data services, computational services, and network connectivity. The operations of these third parties are beyond all of our reasonable control. Regardless of the reason for any failure by your broker, the market in which you seek to have trades executed, or these other third parties, we will not have any liability for any such failure.
Accurate and complete real-time price data is critical for the success of algorithmic trading. The systems of these data providers could experience failures, errors, and latency, which could result in missing, incorrect, or stale market data.
All computers and networks are subject to malicious “hacking” attacks and criminal activities designed to misappropriate intellectual property, compromise personally identifiable information, steal funds, or any combination of such purposes. These attacks might be attacks on a target of opportunity or specifically targeted. Each of the various systems described above that are necessary for you to engage in live algorithmic trading is subject to such attack. Any such attack could cause the system so attacked to function improperly or not at all and could result in the misappropriation of your intellectual property, the compromise of your personally identifiable information and personal financial information, the theft of your funds and can cause your algo be misbehave, malfunction or behave erratically.
Customized collections of instruments