Here are some frequently asked questions about our pricing model for our backtesting, paper trading and newly launched Live Execution feature in our Algo Trading Software.
Q: How many credits do I need for backtesting, paper trading and live execution of a strategy?
How many credits do I need for backtesting, paper trading and live execution of a strategy?
- Live Execution: 1 Strategy = 100 Credits per billing cycle (28 days)
- Paper Trading: 1 Strategy = 50 Credits per billing cycle (28 days)
- Backtesting: 100 Backtests = 100 Credits (No Expiry)
- Backtesting Extreme Daily: Unlimited 24 Hours = 199 Credits for 24 Hours (24 Hours from the purchase of your unlimited plan)
- Backtesting Extreme: Unlimited 28 Days = 4000 Credits per billing cycle (28 days from the purchase of your unlimited plan)
Credits for live execution and paper trading can be added on a pro-rata basis. This means, you need only 50 credits to update your plan to deploy an additional strategy on the 14th day of your billing cycle.
Limited backtest plans do not have an expiry date. That means, if you buy 100 backtests, worth 100 credits, from us they will never expire. You will be able to use them as and when you please.
How much does it cost to purchase credits?
We have many package options available to purchase credits:
- Starter: Rs 300 for 300 Credits
- Explorer: Rs 750 for 800 Credits (6% Discount)
- Pro: Rs 2100 for 2500 credits (16% Discount)
- Advanced: Rs 3000 for 4000 Credits (25% Discount)
- Premier: Rs 5000 for 7500 credits (33% Discount)
How long is my billing cycle?
Your billing cycle is 28 days
What is the expiry date for my Backtest, Live and Paper trade plans?
The billing cycle of the Paper and Live trading is the same, while that of Backtesting is different.
Backtest: We have two kinds of Backtest plans
- Limited: No Expiry
- Unlimited Daily: 24 Hrs Expiry from the time of purchase
- Unlimited 28 Days: 28 Days from the purchase of this plan
Paper Trading: 28 Days from the purchase of your Live or paper trading plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle. For example, you will be charged 25 credits if you activate a new strategy for paper trading on the 14th day of your billing cycle.
Live Trading: 28 Days from the purchase of your Live or paper trading plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle. For example, you will be charged 50 credits if you activate a new strategy for live deployment on the 14th day of your billing cycle.
How do we price our plans?
You can create an Execution Plan for yourself anticipating your requirements for a billing cycle (28 days). For example, say you need 2 daily paper trades and 5 max daily live deployments for your billing cycle. In order to make a plan for yourself go to My Profile, under Execution Plan click on “Add a plan”. Here you can input your requirement and see that you need 600 credits to activate this plan:
Paper Trade = 2 X 50 credits = 100 Credits
Live Deployment = 5 X 100 Credits = 500 Credits
Once you have purchased the 600 credits from our credit packages you will be able to activate this plan for your billing cycle. You can always add more paper trades and live deployments at any time during your billing cycle which shall be added on a pro-rata basis. You CANNOT downgrade your plan during a billing cycle. Although you can do so after your billing cycle ends.
Similarly, for backtesting go to My Profile, under Backtest Plan click on “Add more Backtests”. Here you have two options:
- Limited Plan: Add the number of backtests you want to purchase. 100 backtests require 100 credits.
- Unlimited Plan: Select the Unlimited plan option and you will see two options, 24 hours or 28 Days. 24 Hours plan is for 199 credits while the 28 Days plan is for 4000 credits
Once you have purchased the necessary credits from our credit packages you will be able to activate your Backtests. You can always add more Backtests at any time as they have no exipry. You CANNOT downgrade your plan.
Where can I purchase credits from?
You can purchase credits from https://algotest.in/billing
How long are my credits valid for?
Your credits are valid for a period of 1 year from the date of purchase. If you make a top up of even the smallest plan, the validity of ALL YOUR CREDITS will increase to a period of 1 year from the top up date.
Is Backtesting not free anymore?
Supporting and empowering the Retail Trader has always been at the CORE of AlgoTest’s vision. We will continue to support them by providing them 25 free backtests per week. These backtests will be the same as your paid backtests and will have ALL the features of your paid backtests. Unused backtests will NOT accumulate over time.
Also, at Rs 1 per backtest, our pricing is still the cheapest plan out there. For a 5-year backtest, that’s 20 paisa per backtest per year!
What is considered a “strategy” on AlgoTest?
A “Strategy” on AlgoTest is defined by Entry Time. One Entry time is one strategy. You can have up to 10 legs in one strategy.
How many credits do I need to backtest one strategy for 5 years?
On AlgoTest, you need 1 credit to backtest a strategy. There is not restriction on the number of years you backtest a strategy for. On the contrary, we encourage you to backtest all your strategies for atleast 5 years to get a more accurate picture of how well your strategy has performed in different market scenarios.
So if you take our “Starter” plan for Rs 300, one backtest is going to cost you Re 1 or 20 paisa per backtest year.
How many credits are consumed to backtest a portfolio of strategies?
Say you have 6 different strategies in a portfolio that you would like to backtest for a period of 5 years. Backtesting this portfolio of strategies will consume 6 credits.
I have bought a backtesting plan, do I still get free backtests per week?
Yes! Every customer of AlgoTest gets 25 free backtests per week. You can utilize these backtests after your paid backtests have been exhausted.
Live Execution Pricing
How can I deploy a strategy in live market on AlgoTest?
After purchase credits and activating a plan you need to go to https://algotest.in/live.
Under the deployable strategies you will see all your strategies that are ready to be deployed. You can Click the Activate button and deploy it live.
How many credits do I need to deploy 1 strategy?
To deploy 1 strategy you need to purchase 100 Credits for one billing cycle.
Can I upgrade my live execution plan?
You can upgrade your plan and add more live strategies at any point during your billing cycle. Credits will be deducted on a pro-rata basis. A plan cannot be downgraded.
What should be my live execution plan if I deploy different number of strategies on different days?
Say you deploy 3 Strategies on Monday, 2 on Tuesday, 5 on Wednesday, 6 on Thursday and 3 on Friday. In this case you will need 600 credits to activate all your strategies since your live execution plan needs a maximum of 6 strategies to run for the entire week.
Can I deploy different strategies for different days with the same live execution plan?
Yes, you can deploy different strategies for different days of the week.
Can I switch strategies after deploying them?
Yes, you can switch strategies after deploying them. Only strategies whose status is running are considered towards your daily live execution plan limit. Under “Deployed Strategies” if the status of a strategy is anything other than “Running”, for eg. “Squared off”, “Manual” or “Error”, you can switch them by adding any another strategy from “Deployable Strategies”.