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Tradetron Review 2024: Strategies & Pricing
Luis Clark
- URL: https://tradetron.tech
- Year Founded: 2019
- Pricing: $3.61 to $180.54
- Free Trial: No
- Payment Options: Credit card, debit card, NetBanking, and UPI
- Supported Exchanges: Alpaca, NSE, CDS, NFO, MCX, NASDAQ, NSE_IDX and 70+ others
- Cloud Based: Yes
- Reported Profitability: Depends on the algo trading strategies in use
- Customizable Strategies: Yes
- Scalping: Yes
- DCA: Yes
- Arbitrage Bot: Yes
Tradetron Review: Our Opinion
Tradetron stands out for its large selection of algo strategies. However, it isn’t an easy-to-use automated trading platform and targets primarily advanced traders.
It also targets traders from India mainly as users from other nations will need to convert their rupees to their currencies to know what they’ll be paying.
Intro/Company Overview About Tradetron
Tradetron was founded in 2019 and is headquartered in India.
The company offers an Algo strategy marketplace and allows users to create Algo strategies using their web-based strategy builder.
Currently, the trading platform has over 278,000 signups and approximately 43,000 algorithm strategies available.
Tradetron also facilitates 175,000 live algo trades daily plus 88 broker APIs connected.
Tradetron offers quick strategy development. It was created to empower strategy creators by allowing them to create custom strategies and sell them to other traders. It also offers AI stock trading tools that investors can use to execute trades in milliseconds.
Pros
- Targets advanced traders
- Thousands of algo trading strategies are available
- Custom strategies available
- It offers free trading bots
Cons
- Not beginner-friendly
- Pricing is listed in rupees
Tradetron Review: Unique Features
Paper Trading
The Tradetron paper algo trading gives you a virtual trading experience or simulated trading platform where you can practice your algo trading strategies before trading in the live account.
Paper/ Demo Trading executions replicate real-market trades because the demo trading account replicates real market conditions.
Paper Trade executions eliminate the risk of losing your funds to untested strategies because the trading is done with virtual currency.
Aside from testing out the efficacy of algo trading strategies, demo trading also allows you to observe market trends and behaviors, which enables you to gain insight into price movements and volatility patterns.
As already stated, Tradetron’s paper trade simulates the live account.
Aside from the use of virtual currency for trades, the only prominent difference is that Live offline deployment will give you SMS/WhatsApp trade notifications. You won’t receive these notifications for demo trading strategies.
DemoTrading executions can be done for both prebuilt strategies and custom strategies built by you.
To paper trade your own created strategies, do the following:
Go to the ” Strategies” section and click on “Create”.
Click “Deploy”. This can be found on the right-hand side of your newly created strategy.
Once you do this a new window will open.
Your demo trading deployment is now complete.
Note: Your demo trading settings should be as follows:
- Select Execution Type: Paper Trading
- NFO Broker: TT Paper Trading
- Once your demo trading is deployed, go to the “Deployed” page. You will see the strategy you just deployed. It will have an “Active” status.
This shows that the strategy is ready to take trades.
Tradetron does not charge anything for Demo Trading Deployments.
Social Trading
The social trading feature allows new and inexperienced traders to copy expert traders.
With this feature, you can sift through hundreds of strategies using key statistics and choose the ones that you want to add to your portfolio.
Tradetron displays all the data you need to make an informed decision when going through the strategies in the marketplace. Available information for each strategy includes the algo trading strategy’s past performance, asset types, and Backtesting results.
Once you find a suitable strategy, add it to your portfolio and follow the trader.
Every trading movement of the trader is replicated in real-time in your portfolio. You do not need to manually execute the copied trades, the Tradetron system will automatically trade currencies on your behalf.
Tradetron does not charge any fees for using the social trading feature. It is free.
Strategy Backtesting
The Backtesting feature allows you to test your algo trading strategies on historical data.
Using historical data to test your strategies lets you know whether the algo trading idea/strategy will perform as expected.
Strategy testing is an important preliminary step required before deploying the strategy in the live market.
This avoids the loss of funds if the strategy does not perform well.
There is no set time frame for Backtesting. The duration for Backtesting is dependent on the timeframe/candle frequency used, the complexity of the strategy, and the period/range of the Backtest.
Tradetron has a backtesting engine known as the Tradetron backtesting engine V2 which handles complex strategies invoking several sets and lots of positions.
Tradetron’s backtesting universe supports all NSE cash stocks, Index Funds, and futures.
The engine does not distinguish between order types MIS, NRML, and CNC. It also does not support stock options, CDS, NASDAQ, and MCX.
The Tradetron backtesting engine does not consider advanced price executions, overnight protection positions, SLM orders, and rollovers.
It also does not recognize the following variables:
- VWMA
- VWAP
- India VIX
- Bid-Ask Difference
- Sec
- Bid price, Ask price
- VWAP Series
That said, due to slippage, backtesting and live trading may produce different results.
The Tradetron Backtest Engine V2 offers bracketing at a faster speed.
The feature enables you to select between Intraday and Positional strategies effortlessly, and with a single click, you can annotate to differentiate various Backtest reports for the same strategy and data periods.
You can even quickly navigate to the Edit strategy from the Backtest page and get mobile notifications and emails on completion.
Supported Crypto Exchanges
Information on the Tradetron platform does not show any supported crypto exchanges. It, however, supports the following exchanges and over 70 brokers including NSE, CDS, NFO, MCX, NASDAQ, and NSE_IDX.
Trading Strategies
Tradetron allows you to build custom strategies and place them on the Strategy Marketplace (depending on your pricing plan).
To create algo trading strategies log into your Tradetron account and then click on the Menu icon and tap on Create.
On the Strategy Editor page, you can manipulate parameters like trailing stop loss, take trades, price execution, trenching, rollover on expiry, check condition every minute, overnight protection, and much more.
You can also set Marketplace parameters (fee, invoice frequency, etc.).
Once you’re done with the above, tap on the Blue Create button to generate the algo trading bot.
Plans and Pricing
Tradetron offers a free algo trading bots plan and several paid subscription packages.
The plans are priced in Indian rupees, so you’ll need to convert it to United States dollars to know what you’ll be paying.
Below are the pricing plans available:
Free Plan
The Free plan gives you access to free broker account syncing, the ability to create private custom strategies (up to 10), deploy 1 Algo trading strategy, paper trading executions, and API connection to supported brokers and exchanges.
Starter Plan
This Tradetron Algo trading plan goes for approximately $3.61 (300 Indian rupees). It features everything in the free plan plus access to unlimited private Algo strategies, 1 public trading technique, and multiple points of trade notifications.
Retail Plan
The Retail plan costs approximately $14.44 monthly (1,200 Indian rupees). The algo trading plan features everything in the Starter Plan plus the ability to deploy up to 5 algo trading strategies.
Retail+ Pricing Plan
This Tradetron algo trading plan goes for about $30.09 which is 2,500 Indian rupees. It features everything in the Retail plan plus access to deploy up to 12 strategies on your broker.
Creator Plan
The Creator Plan is approximately $30.09 (5,000 Indian rupees). The algo trading plan features everything in the Retail+ pricing plan plus the ability to create up to 5 public strategies and have them up on the Marketplace. You will also be able to deploy up to 25 strategies.
Creator+ Pricing Plan
This plan is the highest Tradetron algo trading subscription package and it goes for about $180.04 (15,000 Indian rupees). On this plan, you can create unlimited public strategies and have up to 20 of them placed on the Marketplace. It also allows you to deploy up to 100 strategies.
There’s a Backtest add-on available on all plans that goes for 24 cents or 20 Indian rupees.
Payment Methods
Tradetron platform supports four payment methods for its subscription packages including credit card, debit card, UPI, and NetBanking.
Opening a Tradetron Account
To open a Tradetron Algo trading bot account go to https://tradetron.tech.
Next, tap on the Sign Up with Google Account button or use the regular sign-up button which involves entering your email address, selecting a password, choosing your country of residence, etc.
If you opt for the second method you’ll need to go to your email address to verify your email address.
After tapping on the Google Sign Up button, select your preferred email account.
That’s it, you’ll be redirected to your dashboard! You’ve opened a Tradetron account.
Setting Up Tradetron Algo Trading Bot with Exchange
To set up a Tradetron Algo Trading bot with your preferred exchange or broker, log into the Algo trading platform and then tap on your Profile image.
Next, tap on Broker and Exchanges in the drop-down menu that comes up.
Click on Add Broker.
Under the Manage Broker subheading select your preferred broker (in this example we will use Alpaca)
Then choose the exchange you want to use.
Click on Save.
This will redirect you to your broker account (Alpaca account). You then need to Sign In or Sign Up for an account if you don’t have one.
Next, you have to authorize Tradetron.tech by tapping on the Allow button.
You’ll be redirected to a Success Page on the Tradetron platform and you should see it added on the Broker and Exchanges page.
Now to deploy a strategy to your added exchange, go to the Marketplace and select any of the supported Algo strategies for the Broker and Exchange by tapping on Subscribe.
Next, go to My Strategies and click on the blue Deploy button.
Select the execution type which can be Paper Trading, Live Offline, Live Auto One Click, and Live Auto.
You’ll get a Successful pop-up message.
The Algo trading bot can now run a subscribed trading strategy on your selected exchange.
Trading Experience/Using Tradetron Trading Bot
Tradetron algo trading offers a straightforward trading experience for advanced users. Setting up the bot isn’t complex but creating a custom strategy requires some advanced trading knowledge.
The user interface is also quite clunky and will confuse newbie traders.
Security
Tradetron is a secure algo trading platform with a registered office in San Jose, CA, USA, and a development center in Mumbai, India.
Tradetron’s algo trading services are legal in India and permitted by the Securities and Exchange Board of India.
Tradetron has several security measures in place to ensure the security of the platform and users’ information.
It maintains physical, electronic, and procedural safeguards in line with industry rules and regulations.
All employees are also required to protect the confidentiality of customer information by adhering to established policies. Employees who violate the privacy policy are subject to a disciplinary process.
Tradetron also uses Secure Sockets Layer (SSL) encryption.
The platform also has firewalls and other security measures in place to ensure maximum security of its network and systems from external attacks.
That said, Tradetron does not delete any information provided by the user unless on request.
For any of your information to be deleted, you have to send an email to removal@tradetron.tech.
Upon receipt of your deletion request email, Tradetron will review your account for any pending payments due. If there are no pending payments, your data will be deleted within 7 days.
Customer Service
Tradetron offers customer support via Live Chat and email at support@tradetron.tech.
The web chat support is available from 9 a.m. to 11:30 p.m., Mondays to Fridays.
Tradetron also has a Help Desk and a FAQ page where users can find answers to their problems.
Users are encouraged to check the Help Desk and FAQ page before contacting the customer support team.
Does Tradetron Offer Education?
No, Tradetron does not offer education but it has a help section on how to use the algo trading platform.
Tradeton Review: Final Thoughts
Tradetron allows algo software developers to create custom trading techniques and put them up for rent on its marketplace. It targets primarily advanced traders and isn’t the best option for newbies.
The platform is also geared towards Indian traders rather than the international community.
Tradeton offers a range of tools, but it’s essential to explore the broader landscape. Check out our Superalgos review for insights into another major player and see the industry’s best on our Best Crypto Trading Bots page.
FAQ
Most frequent questions and answers
The best strategy in Tradetron is the one you’ve proven to generate profits manually.
Umesh Ranglani is the founder and CEO of Tradetron.
Yes, Tradetron is a fully automated platform that allows you to execute trades automatically on supported exchanges.
Tradetron has a wide range of benefits including backtesting features, the ability to create and sell custom strategies, access to automated trading bots to eliminate manual errors, deployment of bots without coding, etc.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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