Part 6: Deep Dive into Managed Platforms: AlgoTest & Tradetron

If you want to validate your options strategy before writing custom code, managed no-code platforms are highly effective. Let's look at how to set up an automated options strategy (like an Iron Condor or Iron Butterfly) on the two leading platforms in India using their free/trial tiers.

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1. AlgoTest: Best for Options Backtesting

AlgoTest is an options-focused platform with a robust backtesting engine and simple strategy builder.

How to Set Up an Iron Condor on AlgoTest:

1. Register: Create an account. You get 25 free backtest credits every week.
2. Open Strategy Builder: Choose F&O and select your index (e.g., NIFTY).
3. Add Legs:
   • Leg 1 (Short Call): Sell 1 Lot Call, Strike Selection: Delta = 0.15.
   • Leg 2 (Long Call Protection): Buy 1 Lot Call, Strike Selection: Delta = 0.05.
   • Leg 3 (Short Put): Sell 1 Lot Put, Strike Selection: Delta = 0.15.
   • Leg 4 (Long Put Protection): Buy 1 Lot Put, Strike Selection: Delta = 0.05.
4. Set Target / Stop Loss:
   • Set Stop Loss on individual short legs (e.g., 50% increase in premium).
   • Set Portfolio Stop Loss (e.g., exit all legs if total loss reaches ₹2,000).
5. Run Backtest: Click "Start Backtest" to see historical performance over the last 5 years, including win rate, max drawdown, and net returns.
6. Forward Test (Paper Trade): Deploy the strategy in "Forward Test" mode. It will run virtual trades in real-time during market hours for free.

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2. Tradetron: Best for Marketplace Copying

Tradetron is a highly flexible multi-broker engine that allows you to copy strategies or build complex visual condition blocks.

How to Configure Tradetron for Free:

1. Create Account: Register on Tradetron.
2. Strategy Creator: Define your entry and exit blocks using their visual logic editor.
   • Entry Condition: E.g., Time >= 0920 and Net Positions == 0.
   • Position Block: Define your 4 legs (buying and selling option contracts).
   • Exit Condition: E.g., LTP of Short Leg >= 1.5 * Entry Price or Time >= 1515.
3. Deploy for Free: Under their Free Plan, you can deploy one strategy in Paper Trading mode. This will stream live market data and simulate order execution without charges.
4. Broker Integration: To go live, link your broker (e.g., Kotak Neo or Shoonya) via API. If your broker offers a free API, Tradetron handles the authentication, though you may need to upgrade to a paid Tradetron plan (~₹300/month) to run live executions.

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3. Platform Verdict

• Choose AlgoTest if you want to test and run options-specific structures. The ability to select strikes dynamically by Delta (e.g. 0.15 Delta) makes it superior for systematic sellers.
• Choose Tradetron if you want to copy existing, verified strategies from other traders or need complex condition blocks (e.g. crossing moving averages).

In the next part, we will pivot back to our self-coded developer stack and design our edge database using Turso.

Proceed to Part 7: Serverless Database Architecture: Turso Edge →