For your custom strategy automation, Kindly fill this form: https://www.myalgomate.com/strategy-automation/
Algorithmic trading is the process of using computers programed to follow a defined set of instructions (an algorithm) for placing a trade in order to generate profits at a speed and frequency that is impossible for a human trader. The defined sets of rules are based on timing, price, quantity or any mathematical model. Apart from profit opportunities for the trader, algo-trading makes markets more liquid and makes trading more systematic by ruling out the impact of human emotions on trading activities.
In layman terms, algo trading completely eliminates the need for manual intervention. Once the rules of the logic have been coded into the algo, it will carry out end-to-end automation of trading ie. tracking the market for opportunity, placing the order, monitoring stop loss and risk, squaring off when required.
Charges will depend upon the complexity of the strategy, strategy, no of rules, and time involved in development. There could be N no of rules. So we can’t do generalization and provide any rough cost and time. Once you share details over email, we will give you the exact estimate and timeline.
We don’t share the details of your personal strategies with anyone else. We neither share it with other people nor use it for ourselves. If you want to provide your algo to your followers/clients, then we have options to hide the strategy details and then provide it to your followers.
Execution doesn’t happen on our servers. You will be installing the software at your end in your local system/cloud machine and running it every day.
We don’t store any data on our servers except the licensing part to avoid unauthorized access to your strategy. Everything will be running at your end in your own system/server.
For your custom strategy automation, it will be on a one-time cost based. So license is for a lifetime only. Broker side changes, any new features we bring or if you require any changes will be on a different cost basis. Bug fixes are free of cost.
Yes, you can verify the logic of strategy in paper trade mode first and once it’s working as per your expectation, you can take it to live. In paper trade, it will not place orders in the broker. It will generate an order book and show live PNL. It will be similar to live trading except that orders won’t be placed in the broker.
We will be taking up the project only if the automation of the strategy given by you is possible. If the automation is not possible due to any technical challenge, we will let you know in advance and won’t take the project. In case of any broker-side glitches for automation, we will shift it to any other stable broker.
Yes, broker switching will be on an additional cost basis. If you’re switching brokers due to any technical glitch in broker API, then some discount will be provided for the switching cost.
For your custom strategy automation, Kindly mail firstname.lastname@example.org with the following details. 1. Broker 2. Strategy rules like entry, exit, target/SL, trailing, risk management etc. 3. Attach some screenshots wherever required 4. What amount of capital are you planning to deploy? (This question is relevant because we will be doing optimisations in automation as per the capital deployed) 5. Is it a public domain strategy? If yes, then please share the link. (For public domain strategies we have special pricing) 6. Mention your WhatsApp number in the email. 7. If you have any tentative budget for it, then please mention that so that I can give my suggestions accordingly. Once you share details, we will provide you estimate and timeline. Please note, that the standard reply time will be 2-3 working days. Once your drop an email please share your email id on WhatsApp to +91 9099996590 (Rishi)
Yes, You will need to run the algo every day.
You will get desktop-based software which you can install on any windows based cloud machine. So you don’t need to keep the system ON for the whole day. Internet and electricity issues won’t affect the algo. For configurations of your strategies, Laptop/PC will be required. After that, you can start and stop Algo every day from Mobile as well.
For cloud machines, you can use Amazon AWS which provides a one-year free tier. (You can create a new a/c after it expires or go for paid one). If you want to go with paid one, they will charge approx. 700 p.m. Our team will help you with cloud setup.
Yes, overall strategy logic has to be shared. But you don’t need to share the exact parameters that are going to be used in your strategy. For example, if you’re trading based on an EMA cross-over strategy and using 10 and 20-period EMAs, then you can just use Fast EMA and Slow EMA words instead of the exact EMA period or you can give any random EMA periods as examples.
No. You will need to observe the execution by Algo every 15-30 minutes whichever is possible. Algo will reduce your work to a great extent but you should never keep it unobserved. It’s dealing with your capital so any technical glitch from the Broker side/Exchange side can cause problems.
TOTP generation is automated and you don’t need to do it manually every day. Our team will help you with all setup.
Yes. If you have both intraday and positional strategy, then give preference to going with intraday strategy first so you get to experience without work and how everything works. Once you get comfortable with our work and Algo, we can take up a positional strategy.
Yes, we can do that. For that, kindly get in touch with us.
Yes, we will be giving a discount if you open the a/c with us.
We will be providing maximum configurable parameters.
In custom development, you will get up to two client ID access for a lifetime. If you require more client ID access, then it will be chargeable.
Payment terms are 70% advance to start the project and 30% after completion. No refunds will be provided in any circumstances.