Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders
Zerodha Pi Key Features
Installable Trading Terminal
Charts in same window
Zerodha Pi was launched in July 2015. It is an installable trading application that allows traders to trade from their laptops and desktops. It supports trading in multiple segments like equities, currency, commodities, and derivatives etc., across multiple exchanges NSE, BSE and MCX etc., from a single platform. The platform offers good features like advanced charting, algos, strategies, and backtesting etc., and is available free of cost for Zerodha's customers.
Pi offers traders a single platform to do trading, charting and analysis.
Zerodha Pi Advantages / Disadvantages
Advanced charting with 10 different types of charts, 80 technical indicators and over 30 drawing tools.
Zerodha Pi uses works with basic desktop configuration.
Trade from the charts.
Leverages advanced technologies like AI and neural networks to offer advanced features and tools
Huge historical data for backtesting
Integrates with 3rd party platforms like Ninja Trader, Meta Trader and Ami Broker,
Supports only Windows OS.
Some features need time to get acquainted to.
Trading Platform Owner
Incorporated in 2010, Zerodha is a Bengaluru based discount broker providing trading services in equities, currency, commodities, and derivatives. The company is amongst the fastest growing, top volume contributors on NSE, BSE, MCX-SX and MCX exchanges, with an average daily trading turnover of more than ₹10,000 crores.
Zerodha Pi Product Highlights
Zerodha's Pi offers many unique features to make trading fast and accurate. Some of the major highlights of the platform are-
Leverages advanced technologies like AI and neural networks etc., to offer powerful trading tools.
Loads of historical data for analysis and backtesting
Charting and pattern recognition helps in deeper analysis of stocks
Offers automated trading advice
Integration with 3rd party tools
Zerodha Pi Key Features
Zerodha's Pi offers a range of features suitable for beginner to advanced traders. Some of the major features are-
Single platform to trade in multiple segments and exchanges
Single platform for trading, charting and analyzing
Integrated OMS and RMS for fast and accurate trading.
10 different types of charts, 80 built-in technical indicators and over 30 drawing tools for annotation.
One click direct trading from charts
Support for coding advanced strategies and backtesting
Supports pattern recognition scanner for technical analysis
Access to loads of historical data
Zerodha Pi Features Explained
Powerful charting: Traders have 10 different types of charts, 80 technical indicators and over 30 drawing tools for annotation. They can also trade directly from the charts.
Historical data- Pi offers 50,000 candles worth of historical data on Equities, Indices, Commodity, Currency, and F&O. It supports dockable views that allows traders to stack their data in charts side by side for analysis.
Algos, strategies, and back testing- Traders can also code advanced strategies with a simple scripting language. It also supports backtesting and semi-automating strategies.
Pattern recognition- Pi offers a pattern recognition screener that allows traders to do deep technical analysis. The scanner uses Artificial Intelligence algorithms to confirm patterns, support and resistance levels and helps in identifying breakouts.
Artificial intelligence and Neural Networks- Pi leverages advanced technologies like AI and neural networks to help you optimize your trading strategies.
Automated Expert advisors- Traders can benefit from strategies and real-time trade signals identified by automated expert advisors to optimize their trades.
3rd Party Integration: Pi supports integration with 3rd party platforms such as Ninja Trader, Meta Trader and Ami Broker, etc.
Customers have positive experience trading with Zerodha. However, a lot of customers would like the platform to be available in other operating systems in addition to windows.
Products Offered by Zerodha Pi
Q- It is a reporting/back office tool built that provides traders with-
Summary of accounts using donut charts
Funds page to place/track withdrawal requests
Portfolio to monitor average buying price, unrealized profit/loss, pledged holdings, and open positions of existing trades
Check your historical open positions and also download all reports if required to an excel.
Tradebook with heatmap to better visualize your trading activity
Absolute & Indicative P&L Statements statements
Quant- It provides traders with analysis and insights of their own trading behavior and helps them improve their trading skills and strategies. It works like a personal trading journal for traders giving them access to breakdowns of best trading periods, most profitable streaks, optimal position sizes etc.
Order Types Offered by Zerodha Pi
Limit (LMT) order- Orders executed at a predetermined price
Market (MKT) order-Orders executed at the best available price.
Stoploss (SL)- SL for orders with predetermined price to be executed when trigger is hit.
Stoploss Market (SL-M)- For orders when a market order is to be executed when a trigger is hit.
Bracket Order - Here you can place 3 orders at once-
Book Profit order
Stop Loss order
Cover Order - An order which is placed along with Stop Loss Order, in a specified range. This Stop Loss Order cannot be canceled.
After-market Order (AMO) - Traders can place orders for the next trading day any time from 4:00 PM to 8:59 AM for equities, upto 9:59 for commodities and up to 9:09 AM for F&O trading. The orders will be executed in the next trading day.
Zerodha Pi User Customization Options
Zerodha Pi offers many customization options like creating custom alerts, choosing color themes etc
Zerodha Pi Reports
Zerodha Pi offers a range of reports including-
Zerodha Pi Charges / Fees
Zerodha Pi is available free of cost.
Brokers using Zerodha Pi
This webpage provide review of Zerodha Pi by Zerodha. Get detail info about Zerodha Pi .