As a market player, who has a large stake in the financial market, it is vital to choose a stable trading platform. Two such platforms out of many platforms that are becoming much talked about are Streak and Sensibull. This article will be looking at the similarities and differences between the two trading platforms to help in your decision-making.
Modern-day financial markets are a territory where it is all about quick modifications with technology taking the lead as the driving force behind the changes in trade practices. Technical trading largely became the norm with the advent of algorithmic trading, where the traders gained speed, accuracy, and discipline as the key benefits of this development. Within the gamut of such platforms, Streak and Sensibull are more or less likely to stand out solely because of their exclusive characteristics and user-friendly interfaces.
Here’s a brief comparison of Streak and Sensibull alongside AlgoTest–
Aspect | Streak | Sensibull | AlgoTest |
Type | Web-based | Web-based | Web-based |
Founded Year | 2017 | 2017 | 2021 |
Backtesting | Yes, technical analysis-based strategies | No, it doesn’t support backtesting | Yes, you can backtest your strategies on the past 7 years + historical data. |
Paper-Trading | Yes | Yes | Yes |
Automation | Semi-automated | No Automation | Fully Automated |
Indicator-based-strategy deployment | Yes | No | Yes |
Simulator | No | No | Yes |
Analyser | No | Yes | Yes |
Cost | Starts at INR 690/month | Pricing details are available on their website | Free with a powerful simulator for options trading |
Broker Integration | 5+ brokers across India | 6+ brokers across in India | 25+ Brokers across India |
Unique Features | API integrations, multi-exchange support | Custom scanners for profitable opportunities | Easy-to-use, backtesting, forward testing, charts, analyzer, live trade, simulator, and signals. |
User Community | Active community of traders and developers | Growing user base | A community of 7000+ active traders on the Telegram group. Link https://telegram.me/AlgoTest_In |
Educational Resources | Webinars, tutorials, and documentation | Learning resources available | A lot of tutorials are available. Documentation:- docs.algotest.in YouTube:- https://www.youtube.com/@AlgoTestBlogs:- Visit here. |
Customer Support | Email and chat support | Customer support available | Customer support available |
Streak is a unique tool that enables traders to build, backtest, and semi-automate live trading strategies without the need for coding skills. It empowers traders to do anything without writing such as algorithm development, implementation, and trading deployment without coding skills at all.
In comparison, Sensibull is a robust options trading platform encompassing current options trading. It provides different types of instruments that are meant to help investors value their stocks well. It also offers traders an array of trading tools to help with making sound trading decisions.
Now that we have a basic understanding of both platforms, let’s get into a detailed comparison between Streak and Sensibull.
All platforms have their individual characteristics, but the uses they serve are generally divergent. Streak indeed excels at algorithmic trading, as well as backtesting, which further speaks to the relevance of this app for those traders who largely resort to technical analysis and automated strategies. While Sensibull undoubtedly has its upsides, the options trading tool kit is the area in which it really shines: comprehensive functionality ranging from option strategy builder to virtual portfolios and detailed options chain data.
Streak supports trading in equity, futures, and currency markets. However, it does support option contracts. Sensibull, on the other hand, is purely a future and options trading platform.
Streak as well as Sensibull provide easy-to-use experiences with convenient navigation. While Streak’s appearance is simpler and rather straightforward, Sensibull goes further with detailed market info and sophisticated strategies.
Both Streak and Sensibull offer free and premium plans. Streak’s premium plans start from ₹552 per month, while Sensibull’s premium plans start from ₹800 per month. The premium plans offer additional features like higher backtest limits, priority support, and access to premium features.
User reviews for both platforms are generally positive. Streak users appreciate its simplicity and ease of use, while Sensibull users praise its comprehensive options trading tools and detailed market data.
Remember, AlgoTest isn’t just a tool; it’s your ally in navigating the ever-changing world of algorithmic trading. So, sign-up now.
Finally, the Streak or Sensibull choice will depend on your trading style. If you are an active trader who is looking for an easy-to-use semi-automatic platform for algorithmic trading, then Streak is one of your best options. However, if you are an options trader who is looking for a thorough platform with advanced tools and highly detailed market data, Sensibull is the way to go.
However, if you want a platform where you can backtest, paper trade, and fully automate your strategies in a simple and cost-efficient way, then you can go with AlgoTest.
Recall, that a good trading platform is the one that suits your trading style and adheres to your individual needs. So, choose wisely!
1. Does AlgoTest allow for backtesting on historical data?
Ans: Yes, AlgoTest allows for backtesting on 7 years of historical market data.
2. Does Algotest allow for paper trading?
Ans: Yes, you can paper trade on slightly delayed market data.
3. How does the pricing of Streak/Sensibull/AlgoTest compare?
Ans: Streak’s plans start at ₹690/month, Sensibull’s start at ₹800/month while AlgoTest plans start at ₹299 only.
4. Does Algotest allow fully automated Algo-Trading?
Ans: Yes
5. Can we deploy Indicator-based-strategy on AlgoTest?
Ans: Yes
6. Do I need to keep the AlgoTest website and broker app open after the live-deployment strategy?
Ans: No, you don’t need to keep your AlgoTest website and broker app open. Your strategies are deployed on cloud servers; they will work even if your device is turned off.
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