AlgoTest was built on real market experience to level
the playing field for retail traders.
It all started with a #freaktrade
On September 3, 2021, the 37100 PUT was sold by a lot of retail traders, they thought that they were protected with stop losses in the system.
Many still ended up overpaying when buying back this put as BANKNIFTY made a move down.
The fair value?
₹450
How much did it trade for?
All the way upto ₹1900 rupees.
As a result,
₹1.2 Cr was lost by retail traders in that 1 second!
the very first tweet that shared data on this from a brand new twitter account Raghav made that very day
“Because they were playing with fire and didn’t know it”
This incident was a wake-up call for us. We saw how existing backtesting and execution tools were misleading retail traders, offering incomplete information and presenting a rosy picture that backtested strategies would always be profitable live. But as any experienced trader knows, trading isn’t that simple.
And we wanted to address this gap.
With backgrounds in professional trading and technology, we skipped building a social media presence and went straight to building a solution. Just three months later, we launched India’s first free options backtester.
Raghav, a former options market-maker on top exchanges, saw how retail traders were left behind. To change this, he co-founded AlgoTest to democratize access to institutional-grade trading tools.
Rajat, an ex-quant developer and IIT Delhi alum, leads AlgoTest’s engineering, building a scalable, low-latency platform to deliver powerful, user-friendly tools for retail traders.
To correct the informational and knowledge asymmetry in Indian financial markets
and help retail traders achieve their financial goals
Hedge funds may have the best tools, but retail traders deserve the same. Still, trading success isn’t about flashy dashboards, it’s about following a disciplined process.
45%
of AlgoTest users were profitable during the 2023-24 fiscal year
—a stark contrast to SEBI’s report indicating that only 11% of traders were profitable this year.
This isn’t a fluke, but the result of a disciplined, process-first approach that helps traders make better decisions and manage risk.
Shape your strategy using flexible templates or simulate historical performance.
Build no-code strategies easily.
Validate ideas with our Backtester or simulate discretionary trades.
Test in live markets without risking capital.
Automate or manually execute with our optimized engine.
Looking ahead, we remain committed to empowering retail traders with better tools and information. Whether it’s debunking myths or introducing new features like Monte Carlo Drawdown and Curve Fitting analysis, we continue to push the boundaries of what’s possible for the everyday trader.
At AlgoTest, we don’t just build products; we build better traders.
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