Frequently Asked Questions¶

1. General¶

i. What is AlgoBulls? How does AlgoBulls work?¶

AlgoBulls is a cutting-edge trading platform that offers 100% automated trading algorithms. It allows users to deploy multiple trading strategies for various asset classes such as Equity, Commodities, Futures & Options, and Currency across multiple exchanges like NSE, BSE, and MCX. Clients can choose which algorithmic strategies they want to follow and engage in auto trading, or they can have their customised trading strategies developed as algorithms and deployed in live markets via the AlgoBulls platform. The AlgoBulls platform supports multiple brokers, and clients can integrate their broker if it is not already listed.

ii. Do you need any technical knowledge or can anyone start?¶

Absolutely not! Our automated trading platform connects with your trading account, and expert algorithmic strategies handle all the trading and risk management for you. No prior experience in trading or programming is required.

iii. Does it work in a bearish market?¶

Yes, AlgoBulls utilises multiple trading strategies designed to profit during a falling market (bear market) through the use of short selling or inverse positions.

iv. How much capital is necessary for trading?¶

Each method provides information on the minimum capital required for that specific stock. However, the required capital depends on two factors: the quantity you wish to trade and the leverage provided by your broker for that specific stock.

v. What are the risk-to-reward ratio and accuracy rates?¶

We provide backtesting data for all our strategies on the Odyssey platform so you can evaluate each strategy's performance. The summary section contains information on the number of trades, profit, losses, hit ratio, and other relevant factors.

i. How can I register?¶

You can register with AlgoBulls in 3 simple steps:

Step 1: Profile: Add your Name, Email & Phone Number. Click on 'Get OTP'.

Step 2: Credentials: Add the OTP and other credentials such as password.

Step 3: Status: You can view the status of your registration here.

You can also register with AlgoBulls by clicking on the Login with Google option.

ii. Is there an AlgoBulls app that I can use?¶

Yes, you can download the AlgoBulls fast, secure, and easy-to-use app for Android phones. Download now.

iii. Is there any registration fee to join AlgoBulls?¶

No, there is no additional fee to join AlgoBulls. You can join AlgoBulls for free. Join now!

You can log in with your broking account. It requires a one-time setup where you will need to link your existing or new broker. Once this process is complete, you can log in using your broking account daily. Login with your broker.

v. How can I log in using Google?¶

Use your Google account to log in with the Login with Google option.

You can select the Login with OTP option. Enter your phone number, and an OTP will be sent to your registered mobile number. Login with OTP now.

vii. I have forgotten my password. How can I log in now?¶

If you have forgotten your password, you can reset it here.

3. Broker¶

i. Do I have to leave my existing broker to join AlgoBulls?¶

No, the AlgoBulls system should be viewed as a diversification investment. The golden rule for investing is to never put all your money into one (investment) basket. Only a portion of your investment capital should be used with any investment strategy. So, you can keep the majority of your capital with your advisor and broker and have the AlgoBulls platform trade a portion of your capital with the brokerage firm that supports our system. We support multiple brokers. To add or view our broker list, click here.

ii. How can I add my existing broker to AlgoBulls?¶

To begin trading, you need to add your broker details and broking account. Follow these 3 simple steps:

Step 1: From the AlgoBulls sidebar navigation, select Broking Details in Live Mode and click on the Add Broker button.

Step 2: Select your broker and fill in the necessary information. Click on Confirm.

Step 3: Once confirmed, the broker will be added to your account. To visit the broker details page, click here.

iii. How do I edit or remove a broker?¶

You can remove and edit broker information from the broking details page. For more information on adding, removing, and editing broker details, click here.

iv. Are there additional charges to add a broker?¶

No, there are no additional charges to add a broker to your AlgoBulls account. You can add a new or existing broker supported by the AlgoBulls platform for free.

v. Which brokers are supported on AlgoBulls?¶

AlgoBulls supports multiple brokers. You can check the broker list here.

vi. Why is my broker not in the AlgoBulls integrated broker list?¶

We are continuously working to integrate additional broking houses in India with our platform. It is possible that your broker is not on our list of brokers. If you are interested in running the algo strategies on a broker that is not on our broker list, please contact us at support@algobulls.com. You can also choose to add a new broker that is integrated into our system.

Note:

You can see the list of brokers in Live Mode only. Ensure you are in Live Mode before clicking the link above.

4. Plans & Wallet¶

i. How can I add money to my AlgoBulls wallet?¶

After adding your broker to AlgoBulls, you can add money to your AlgoBulls account and subscribe to a package of your choice from the Plans & Wallets section in the sidebar navigation.

Step 1: In the Plans & Wallets section, enter the amount and click on + Add Money.

Step 2: Enter your phone number and email address, then click on Proceed.

Step 3: Choose your preferred payment method. Once the payment is successful, the balance will be added to your AlgoBulls account.

Running out of balance? Add money now!

Learn more about the Plans & Wallet section.

ii. Can I trade without subscribing to a plan?¶

Trading without a subscription is possible; however, you will be charged for each service used on a pay-as-you-go basis. It is essential to have sufficient AlgoBulls money in your account. Once the balance is exhausted, the strategy will stop. Learn more about Plans & Wallets and subscribe to a plan now.

To subscribe to a plan, you can choose a package of your choice from the Plans & Wallets section. These plans are active for a specific duration, and all services included in the package will not incur additional charges during that period. Learn more about Plans & Wallets.

AlgoBulls also offers a range of free plans. Subscribe to a Free Plan now!

iv. What if I want to try various services without a plan?¶

On AlgoBulls, you are charged for various services you use, such as backtesting, paper trading, and live trading. If you have not subscribed to a plan, the charges will be deducted from your AlgoBulls wallet. You can avoid incurring extra charges by subscribing to AlgoBulls plans. To keep track of usage costs, always check your Fund Book in the Live Reports section.

v. Are there any free plans on AlgoBulls?¶

Yes, AlgoBulls offers various free plans. Subscribe to a Free Plan now.

5. Odyssey¶

i. What is Retail Strategies?¶

The Retail Strategies includes carefully chosen trading algos ideal for all types of traders. It enables retail investors to search, explore, and deploy trading algos in live markets. Learn more about Retail Strategies.

You can buy or subscribe to trading algos from the Odyssey. Each trading algo has a subscription fee that you can pay to deploy the strategy. Explore and subscribe now!

vi. How can I search for a trading strategy?¶

You can search for trading strategies on the Odyssey by applying various filters such as asset class, exchange, risk appetite, and performance. Explore strategies

vii. What is a watchlist?¶

The Watchlist feature allows you to keep track of your preferred trading algos and strategies. Add strategies to your watchlist to monitor their performance before subscribing. Create your watchlist

For more detailed information, visit our support page.

Last update: 2024-07-31