Zerodha Pi Overview
Zerodha Pi is highly-developed installable trading software from Zerodha. Zerodha Pi for Mac is high-performance trading software suitable for intraday traders.
In addition, Pi Zerodha offers real-time technical tips from the Zerodha Pi expert advisor.
Pi by Zerodha needs less memory and CPU usage, and at the same time consumes low Internet bandwidth.
Zerodha Pi has witnessed major and tremendous upgrades within a few years of its introduction with each Zerodha Pi update introducing new digital advancement and features.
Users and stock traders alike can simply carry out Zerodha Pi download for PC and Zerodha Pi installation on their laptops and desktops and begin to use this ground-breaking software for their trading purposes.
Zerodha Pi software is adjudged a world-class technology accessible to stock traders in India with the effort of Zerodha.
Download Zerodha Pi top-quality trading software and trade all over several indices and multiple trading segments such as commodities, currency, derivatives, and equities among others.
You can also perform Zerodha Pi latest version download and trade across numerous exchanges such as NSE, BSE, NCDEX, and MCX from a single platform.
Pi Zerodha is an exclusive trading software that all serious and smart traders in India don’t want to miss.
Zerodha Pi Key Features
This Zerodha Pi review won’t be comprehensive enough without considering the amazing and extraordinary features of Zerodha Pi.
From advanced to beginner traders, Zerodha Pi software combines more than a few suitable and useful features for Zerodha Pi automated trading.
Described below are some of the features as explained in Zerodha Pi review:
Zerodha Pi Scanner
Zerodha Pi scanner can be used by traders to scan on a big group of scrips by making use of Trad Script for Semi-automatic trading opportunities.
Furthermore, the Zerodha Pi scanner helps to set up Zerodha Pi alerts and notifications depending on a number of preconditions.
This lets traders get several opportunities to place trades in the stock market. It is, however, noteworthy that the Zerodha Pi Scanner works only when the market is live.
With Zerodha Pi Scanner a trader can scan a specific set of stocks and conditions and set Zerodha Pi alerts in order to be notified or informed when any of the custom conditions are fulfilled.
Zerodha Pi alerts can be set easily while traders can access notifications with ease using the Zerodha Pi Scanner.
However, you will need to mention the title of the newly included Zerodha Pi scanner before adding Zerodha Pi scanner scripts.
You also need to add other input such as symbols, intervals, days, etc. once Zerodha Pi scanner scripts are added.
The Powerful and Advance Charting Tool
The powerful and advanced charting tool provides you with ten diverse kinds of charts, eighty technical indicators, and thirty drawing tools for better trading.
Moreover, stock traders can trade right from the charts. There is also functional with a provision to use around 50,000 candles in one chart
Algorithms and Backtesting Strategies
Traders can use Pi Zehodha to code advanced strategies with a mere scripting language.
In addition, Pi Zehodha supports backtesting and semi-automatic strategies.
Backtesting, however, allows traders to identify technical errors in their fundamental and technical analysis and to optimize their strategies.
Third-Party Integration
Zerodha Pi software guarantees easy integration with strategy-based platforms such as Zerodha Pi to amibroker data feed, Ninjatrader, and Metatrader among others.
There is access to third party integration with Zerodha Pi for FREE for seven days in the trial offer.
After the trial offer period, users need to pay a sum of Rs. 500 every month for the third-party integration feature of Zerodha Pi that may be set for auto-deduction.
Nevertheless, for a smooth experience at all times, you should first launch the Zerodha Pi platform while using this feature.
Historical Data
With historical data feature, traders and users alike have easy access to pull out historical data for the last five years and intraday data for the last one year that can be utilized for analysis.
There is historical data for currency, commodities, derivatives, and equities.
On the other hand, historical data supports dockable views, letting traders mound their data alongside each other in charts for better analysis and view.
Artificial Intelligence
The Zerodha Pi software leverages highly developed technologies like artificial intelligence and neural networks for the purpose of optimizing strategies.
Pattern Recognition
Zerodha Pi lets its users draw personalized patterns on the user interface by making use of the pattern recognition feature.
This is simply executed by drawing a pattern on the screen while the platform then begins to find similarity in the charts.
Automated Experts
Traders can enjoy benefits as far as optimizing trades and building robust strategies are concerned, with real-time trade signals identified by the automated Zerodha Pi expert advisor.
The automated experts feature will also allow traders to experience Zerodha Pi automated trading.
In-built Stock Screener
With this Zerodha Pi feature, clients can give attention exclusively to the stock options and trading products they are actually interested in.
Zerodha Pi Pros and Cons
It is also necessary to look at the pros and cons of Zerodha Pi in our Zerodha Pi review to determine whether it is actually the best and power-packed software as claimed.
In addition, it will enable traders to understand and establish whether they should choose Zerodha Pi for Mac for their trading purpose or not.
Pros
- Pi for Zerodha offers traders the opportunity to use ten different types of charts, more than thirty drawing tools plus more than eighty indicators for comprehensive technical analysis.
- There is provision for direct order placement right from the charts offered.
- Zerodha Pi software offers real-time tips from the Pi expert advisor.
- Zerodha Pi software offers AI-based optimization and algo-trading tools as well as provision for using it with the external software. This makes it favorable to the expert traders.
- Provision for direct order placement from charts on Zerodha Pi
- More than one hundred indicators available on the software
- Zerodha Pi makes use of very low resources and memory. As a result, traders experience excellent performance and high speed with Zerodha Pi software, particularly when used with a well-configured computer.
- Zerodha requires just a low Internet bandwidth to perform effectively. This is a bonus and positive effect for traders from small towns and areas having no access to first-class Internet facilities.
- Zerodha Pi saves time for traders who are engaged in intraday trading by allowing them to place orders directly from the post-analysis and charts.
- With quick Zerodha Pi tutorial, high usability, performance, and useful Zerodha Pi expert advisor tips, Pi by Zerodha’s quantitative tool is valuable, suitable, and perfect for intraday traders.
- Pi by Zerodha is equipped with a wide range of features that cater to the needs of both specialized and beginner traders.
- Pi by Zerodha allows traders to trade on all exchanges
- In terms of Zerodha Pi update, this software is the fastest ever.
- With its user-friendly interface, Zerodha Pi connects faster, making it very easy to use for traders of all levels.
- Zerodha Pi software comes with multiple themes for traders to choose from.
- Zerodha Pi for Mac allows for live tracking of bracket orders.
- Zerodha Pi Bridge with Meta trade and Amibroker for semi-automated trading.
- You can invest and trade across several indices like MCX, NSE, NCDEX, and BSE with Zerodha Pi.
Cons
- Pi by Zerodha offers support for Windows OS only
- Traders are expected to be acquainted with the numerous numbers of features.
- There are fewer options in terms of backup. Few concerns were pointed out in times of high trading traffic.
- 30 percent of traders who trade from mobile is unable to use the rich and extraordinary features of Zerodha Pi software because it doesn’t have the mobile version.
- The user experience is not favorable when using trend lines. But Zerodha can improve on this aspect.
Zerodha Trading Platforms
Zerodha offers existing and would-be traders the three most useful trading platforms that they can use for trading in order for them to become great traders in the future.
With other platforms, you cannot get this opportunity as applicable and discuss in this Zerodha Pi review.
The three platforms are:
- The Zerodha Kite Web
- Zerodha Kite Application
- Zerodha Pi
It is time to examine them one by one in our Zerodha Pi review. New and experienced traders thinking of Zerodha Pi automated trading should understand these platforms.
Zerodha Kite Web
Traders using the Zerodha Kite Web love the platform due to its simplicity and ease of use for their trading activities.
Zerodha Kite Web has a large display. You have nothing to download again if you want to use the Zerodha Kite Web for trading.
It works well with web browsers such as Opera, Mozilla Firefox, and Google Chrome if you use the Internet.
Zerodha Kite Application
Zerodha Kite app is particularly designed for all stock traders who trade on the go. In other words, traders who don’t have time to stick with either their Desktop or Laptop system are those using Zerodha Kite app.
Moreover, Zerodha Kite application is an opportunity for traders who don’t have money to buy a laptop for trading on a daily basis.
If you are concerned about how to use Zerodha Kite to trade like a pro, get the Zerodha Pi tutorial.
Zerodha Pi tutorial offers you quite a lot of valuable and interesting information about successful trading.
Zerodha Pi
Zerodha Pi is the center of Zerodha trading as said by a huge number of traders. But the challenge with Zerodha Pi is that you must understand how to perform Zerodha Pi download.
That is why our Zerodha Pi review will take us through Zerodha Pi software download and Zerodha Pi installation.
Zerodha Pi Demo
The Zerodha Pi demo account is a free account funded with fake money to allow you to experiment with the Zerodha platform and its different features before you make up your mind to open a real account.
The Zerodha Pi demo is the best tool particularly designed for the beginners to practice stock trading on the real financial market using virtual funds and real quotes.
The Zerodha Pi demo is perfect for learning how to trade for free on Zerodha platform without any financial risk.
Why Use Zerodha Pi Demo
- With Zerodha Pi Demo you can trade stock without any risk, even as you are learning how to trade.
- It is the best way to practice the techniques of good money management. Zerodha Pi demo comes with proven money management principles.
- It is a way by which you can control your emotions in the course of trading.
- You will be able to try out a new trading technique with having to risk real money.
- You will be able to establish whether Zerodha Pi platform is using Meta-Trader platform
- The Zerodha Pi demo lets you see the way price action develops and understands the risks inherent in leverage
- It allows you to know how the Zerodha platform works and have the feel for the trading conditions of the broker.
- Zerodha Pi demo teaches traders how to place an order, find out different contract sizes, configure different types of charts needed for technical analysis, the margin utilized based on the leverage, and lots more.
Zerodha Pi Download
A Zerodha Pi download for PC is very simple. If you want to perform Zerodha Pi download for windows, just follow the steps below:
- Click on support.zerodha.com on your browser
- Click on the Pi and other platforms link located below Trading and market heading.
- Look for the Zerodha Pi software download link that says where can I download Pi and click on it.
Zerodha Pi Installation
Now that you have done Zerodha Pi download successfully, you can carry out the Zerodha Pi installation on your Laptop or desktop computer.
This is how to do your Zerodha Pi installation.
Begin your Zerodha Pi installation by opening the download folder. The Zerodha Pi latest version download folder has three files as follows:
- Installation_Help_Pi.doc
- Pi_setup.exe
- release_note.txt. You need to run the exe file
That will start the Zerodha Pi installation. In the course of the Zerodha Pi installation, if the prompt asks you to Cancel, Run or Extract, make sure it is the Run option you choose.
Then follow all the on-screen options to get Pi installed in your system.
You will notice the Pi icon right on your desktop.
Zerodha Pi Login
Once the Zerodha Pi installation is completed, double click the desktop icon so that you can start Pi.
You are required to insert your Client ID, Password and then click log in if you want to execute Zerodha Pi login to your account.
The next thing you will be asked for your Zerodha login Pi is your 6-digit PIN for Zerodha Pi login.
Just enter the Zerodha login Pi PIN and the Pi will be logged in. It displays valuable and nice quotes from popular traders when Pi eventually gets logged in.
You can then run Pi from the desktop shortcut to open your market watch, put in your preferred symbol, and begin to trade.
Zerodha Pi Software Download Link
The Zerodha Pi latest version of the new Zerodha console, you can now find the Zerodha Pi software download link in the support section of Zerodha.
Zerodha Reports
Traders have access to a wide range of reports such as:
- Holdings
- Trade Book
- P & L Statements
- Order Book
Zerodha Pi Charges
It is noteworthy that the Zerodha Pi software trading application is accessible to only the clients of Zerodha. There are no Zerodha Pi charges imposed on Zarodha Pi clients for using Zerodha Pi software.
In order words, Zerodha Pi software is available for FREE for all Zerodha Pi customers only.
As a number of stockbrokers out there charged their registered traders some fees for allowing them to use their platforms, the zero Zerodha Pi charges policy makes Zerodha Pi stands out.
Once the Zerodha Pi installation is completed, double click the desktop icon so that you can start Pi.
You are required to insert your Client ID, Password, and then click login, if you want to execute Zerodha Pi login to your account.
The next thing you will be asked for your Zerodha login Pi is your 6-digit PIN for Zerodha Pi login. Just enter the Zerodha login Pi PIN and the Pi will be logged in. It displays valuable and nice quotes from popular traders when Pi eventually gets logged in.
You can then run Pi from the desktop shortcut to open your market watch, put in your preferred symbol, and begin to trade.
Zerodha Pi Supported Order Types
Aftermarket Order
With aftermarket order, traders are allowed to place orders for the following day at any time from 4:00 am to 8:59 am and such orders are executed on the next day.
An order can be placed for equities, any time from 4.00 pm to 8:59 am the following day, for F&O trading up to 9:09 am, and for commodities up to 9:59 am.
Stop-loss Order (SL)
These are orders that will prevent traders from too much loss when defined. Stop-loss that reaches the stop-loss trigger price instigates the sell order at a set price.
In a nutshell, they are orders that have a predetermined price that would be executed at the hit of the trigger
Stop-loss Market Order (SL-M)
This is the type of order that is normally executed at the existing price when the trigger is hit.
Limit Order
Limit order with Zerodha Pi is the type of order that traders executed at an encoded price.
Cover Orde
This is the type of order placed together with a stop-loss order at a specific range. Once a cover order is placed, it cannot be canceled for any reason.
Market Order
This is the type of orders that are executed at the best possible existing price of the stock being traded.
Bracket Order
In this type of order, you can place Stop Loss Order, Book Profit Order, and Buy/Sell Order all at once.
Zerodha Advanced Orders
Cover Order: This is a placed together with a necessary Stop Loss Order, in a specific range. Once a cover order is placed, it cannot be canceled.
Bracket Order: This is an order that allows you to enter a new position even with a stop-loss and target/exit order. T
hen the system will place two additional orders (stop-loss and profit-making) immediately the main order is executed.
However, the order will cancel automatically as soon as one of the two orders (stop-loss or profit-taking) is executed.
After-Market Order (AMO): With AMO type of order, traders can place their orders for execution for the next trading day from 4:00 PM to 8:59 AM (until before the pre-opening trading session) for equity segment. Around 9:59 AM for Commodity and 9:09 AM for the F&O segment.
Placing Orders with Zerodha Pi
If you are an active trader on the Zerodha Pi platform, you must know how to place orders on the platform.
Although the Zerodha Pi tutorial will teach more about how to place orders with Zerodha Pi, this is how you can place an order with Zerodha Pi.
It is important to note that you must have a trading account with Zerodha before you can place an order on the platform.
So, do your normal Zerodha login Pi to open your account to enter the dashboard.
Click on the Place Order button on the dashboard where you will see an assortment of options for you to choose your desired values.
Below is the Zerodha Pi review of each of the values:
- The Exchange Segment: Choose the exchange you desire to trade-in. The options available are:
- BFO
- NFO
- CDS
- MCX
- BSE
- The Type of Order Type: Choose the type of the order from the following:
- Stop Loss Market
- Stop Loss
- Market Order
- Limit Order
- CLI/PRO: Signify whether you are trading as a Client (CLI) or a Proprietary Trader (PRO).
- Quantity: Here is the section where you will mention the number of stocks you want to buy.
- The Price: Again, state the price for the limit order.
- Trigger Price: Specify your trigger price for a stop-loss order
- Disclosed Quantity: This is the option that lets the whole quantity of a limit order from being revealed.
- Type of Product: You can choose your preferred product from:
- CNC
- NRML
- MIS
- The Validity: The choices for validity are: IOC and Day Orders for BSE/NSE
Zerodha Reports
Traders have access to a wide range of reports such as:
- Holdings
- Trade Book
- P & L Statements
- Order Book
Zerodha Pi Not Responding,
Even though the Zerodha Pi platform provides traders with flawless trading experience, traders might face problems such as Zerodha Pi not responding, stuck controls or hung screen at times.
Though Zerodha is working to resolve this issue of Zerodha Pi not responding, traders can report the issue to the broker for a repair from the technical support team.
Why Zerodha Pi Not Responding When There is Fast Movement of Price
It is frustrating and is problematic for a trader to re-login again and Zerodha Pi not responding or Pi hangs up, particularly when there is fast movement of price.
Zerodha Pi review observed that the Internet or the speed of a system is often responsible for the problem of Zerodha Pi not responding or hang completely.
In other words, there will be a problem of Zerodha Pi not responding or absolute system hang up if the system is not powerful or fast enough.
To overcome the problem of Zerodha Pi not responding, traders should avoid multiple charting/trading/streaming applications opened on the system at the same time.
Another way to overcome the issue of Zerodha Pi not responding is to ensure that you are trading with a powerful laptop or desktop computer as well as one of the high-end broadband connections.
Following this simple Zerodha Pi tutorial will make you overcome the problem of Zerodha Pi not responding permanently.
Zerodha Pi Software Customers Feedback
Customers and users of Zerodha Pi software have positive experience trading using Pi by Zerodha.
Nevertheless, many of these customers would like the platform to be available in other operating systems in addition to Zerodha Pi download for windows.
Zerodha Pi Scanner
Knowing the Zerodha Pi scanner and how it works is of great importance if you are serious about having a successful trading experience with the Zerodha Pi software.
Zerodha’s review described Zerodha Pi as Real-time stock scanner software that was built into the official Zerodha Pi trading software application.
Zerodha Pi scanner is Desktop software that comes with the Zerodha Pi scanner code.
The Zerodha Pi Scanner User Eligibility
To be eligible to use the Zerodha Pi scanner, you will sign up for or open a Zerodha Trading Account.
Once you do this, you can gain access to the Pi Trading Platform with your Zerodha Pi scanner code.
The Zerodha Pi Scanner starts working only when the stock market is opened. The good news is that the Zerodha Pi scanner is offered to traders for FREE together with your Zerodha Pi activation code.
Do you know that the same stock scanners on the Indian market are likely to cost you between 18000INR and 2,000 INR for one year? But Zerodha Pi scanner is offered for FREE.
The great thing about the Zerodha Pi scanner is that it is very easy to use. As a matter of fact, with a little effort and Zerodha Pi tutorial, you could quickly learn how to use this scanner and save the 20,000INR as your trading capital.
All you need to do to start using the Zerodha Pi scanner is to log in to your Zerodha Pi trading terminal.
From the Zerodha Pi ALERTS menu on your toolbar, you can access the Zerodha Pi scanner tool.
Click on the SCANNER menu and you will discover a new window opening up on the Zerodha Pi software.
Choose NEW SCANNER and input the scanner settings.
You will see a blank space under the name. Enter the Zerodha Pi scanner scripts code for the scanner. Click on OK to save your new scanner settings.
To Go Back to Your Zerodha Pi Software
If you want to go back to the newly created scanner all you need to do is to: Choose the name of the Zerodha Pi scanner you have just created, after the SCANNER NAME choose the scanner name that you have just created from the drop-down menu.
To make your scanner LIVE, just click on the Load button and you will discover the list of just loaded stocks on which your Zerodha Pi scanner is active.
Zerodha Pi Scanner Code
If you want to succeed in stock trading, particularly when you are using Zerodha Pi, you must understand the Zerodha Pi scanner code and its usage.
Let us quickly look at a stock scanner and Zerodha Pi scanner code in this Zerodha Pi review.
A Stock Scanner Explained
A stock scanner also known as screener saves a trader a lot of time. For instance, if you have a list of stocks and want to determine or establish the scripts that the moving average crosses, then you have two options:
- Generate a scanner that will send you Zerodha pi alerts when moving average crossover occurs in any of the Zerodha pi scanner scripts
- Examine every chart now and then.
Without mincing words, Zerodha Pi scanner is such a powerful tool for the serious intraday traders.
Zerodha Pi scanner code is written in a programming language (Trade Script used for auto-trade and scanner.
This Trade Script or Zerodha Pi scanner code is of great benefit and help to the stock traders.
Using the Zerodha Pi scanner code will make traders know immediately they stock that is doing the way you will want it or the stock that is getting ready for the next move.
The basic understanding of technical analysis is the only condition for making use of the Zerodha Pi scanner code.
How to Find Zerodha Pi Activation Code
The Zerodha Pi activation code is one of the indispensable and cool features of the Zerodha Pi Platform. But this feature is often ignored by most traders.
To find the Zerodha Pi activation code is very simple.
To find Zerodha Pi activation code:
v log in to Kite at www.kite.zerodha.com,
- Search for the license key
- Copy the License key and paste it in Pi.
That is how to find the Zerodha Pi activation code.
Conclusion
To be precise, Zerodha Pi software is a powerful and foremost stock trading software in India. Zerodha Pi is second to none when it comes to chart analysis for traders and other ground-breaking features.
Apart from being a discount broker, Zerodha Pi provides reports, tips, and Zerodha Pi tutorials that will help the traders when it comes to making informed trading decisions.
Zerodha Pi download is simple while it is considered to be exceptional and innovative desktop trading software.
Pi by Zerodha is the choice of all traders in India because it functions efficiently with the strong features that have contributed to its popularity and growth.
Whether you are a seasoned or beginner trader, the Zerodha Pi demo will guide you on how you can trade without losing a dime. Unlike other platforms where you will pay for using their platforms to trade, Zerodha Pi download is FREE.
Once you sign up for a trading account with Zerodha, you will pay no Zerodha Pi charges when you want to trade on the platform.
With the benefits of Zerodha Pi software as highlighted in this Zerodha Pi review and positive feedback and reviews from customers, you need Zerodha Pi latest version download for the utmost trading experience.
If you are just getting started with stock trading or stock market investment, or you are looking for top-notch trading software for your automated trading, look no further than Zerodha Pi automated trading software. It is the most soughed after software on the market now!
Zerodha Pi FAQs
What are the Zerodha charges for using Zerodha Pi software?
There are no Zerodha charges for using Zerodha Pi software. Hence, Zerodha Pi is a FREE installable trading software that was developed in-house.
What is the Zerodha Pi bridge?
Zerodha Pi bridge is designed to generate, create, and trigger buy/sell signals, depending on predefined conditions.
Can I use the Zerodha Pi scanner to scan stocks after the Markets are closed/EOD in the evening?
It is not possible. The Zerodha Pi scanner is known as a Real-Time Scanner. This canner by Zerodha Pi doesn’t work or scan after the close of the market.
What are the various segments supported on The Zerodha Pi Scanner?
The segments supported by Zerodha Pi scanner includes; Commodity, Currency, F&O, and Equity segments.
Does Zerodha Pi provide a website for trading?
Zerodha Pi doesn’t offer a website for trading
Does the Zerodha Pi platform provide a mobile app for trading?
Not at all, Zerodha Pi doesn’t provide mobile app for trading
Is trading directly from charts possible in Zerodha Pi?
Of course, yes, trading directly from charts in Zerodha Pi is possible. In Zerodha Pi, you can easily place an order from the charts.
Does Zerodha Pi provide online mutual fund investment opportunities to traders?
Not at all, the Zerodha Pi platform doesn’t offer an online mutual investment opportunity to traders.