Here are some frequently asked questions about our pricing model for our backtesting, paper trading and Live Execution feature in our Algo Trading Software.
Here is the pricing page for AlgoTest.
Here is the detailed pricing page for AlgoTest (in case you want to game our credit system!)
Q: How many credits do I need for backtesting, forward testing and live execution of a strategy?
Credits for live execution and forward testing 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.
We have many package options available to purchase credits:
Your credits have no expiry.
Your billing cycle is 28 days
The billing cycle of the Forward testing and Live trading is the same, while that of Backtesting is different.
Backtest: We have two kinds of Backtest plans
Forward Testing: 28 Days from the purchase of your Live trading or Forward testing 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 forward testing on the 14th day of your billing cycle.
Live Trading: 28 Days from the purchase of your Live trading or Forward testing 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.
You can create an Execution Plan for yourself anticipating your requirements for a billing cycle (28 days). For example, say you need to Forward Test 2 strategies daily 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:
Forward Testing = 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 forward tests 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:
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.
You can purchase credits from https://algotest.in/billing
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.
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!
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.
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.
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.
Yes! Every customer of AlgoTest gets 25 free backtests per week. You can utilize these backtests after your paid backtests have been exhausted.
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.
To deploy 1 strategy you need to purchase 100 Credits for one billing cycle.
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.
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.
Yes, you can deploy different strategies for different days of the week.
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”.
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View Comments
Why only Zeodha connected to algotest ? There are so many other brokers to link with algotest
More coming soon
Hello Algotest team, I have 1 strategy that I want to execute only on Monday, Tuesday and Wednesday. Not sure how can I execute it. Please advise.
Hi AlgoTest team....you have developed a fantastic backtesting software which as both live and papertrade features as well....I would like to know 2 things
1) Will you be adding other brokers other than Zerodha in the future?
2) Does zerodha charge any API charges if I setup and integrate with algotest?
Regards
Michael Jeevan
1. Yes
2. Yes, 2000 per month
Sir,
Do you have tie up with 5Piasa API platform.?
Coming soon
Hi, Currently only can be done live deployment from zerodha broker..Any other brokers are in pipeline to release in near future?
Yes, more brokers coming soon
I do not even know how I ended up here, but I thought this post was good. I do not know who you are but definitely you're going to a famous blogger if you are not already ;) Cheers!
sir can i login via kite app in my mobile while live execution running. i subscribed to your algo
Yes, you can.
Do you have tie up with flat trade
WHEN M STOCK WILL BE AVAILABLE IN THE LIST BROKERS