Frequently Asked Questions
Get your questions answered here.
Product FAQs
- I don’t want to do any coding, what should I buy to algo trade with no coding?
Answer: AlgoBull Custom is the best option to get up and going with minimal coding required.
- What if I get AlgoBull Ed, what if I still don’t understand after finishing the course?
Answer: You are provided with a free month of AlgoBull Plus which would include one on one consulting on all things algo trading including further tutoring on building algorithms.
- What brokers are the bots compatible with?
Answer: The Course teaches how to build bots in the Tradier API using Python. However, if you want to get a bot made with AlgoBull Custom on another broker, this can be done.
- Is the money back guarantee unlimited?
Answer: The Money back guarantee only applies to products that have been purchased within the past month. In addition to this, money back guarantees do not apply to issues where an outcome was not successful because the strategy was not good.
- How does back testing work with AlgoBull Plus?
Answer: After getting a strategy coded for the client, the AlgoBull team will paper trade the strategy for three weeks and track results. At the conclusion of the three weeks, the AlgoBull team will present results back to traders as well as present any potential areas of the algorithm that could be refined.
Algo Trading FAQs
- With algo trading, do I ever need to monitor my position?
Yes, you still should monitor your position from time to time. You might want to prematurely close the trade. But the amount of monitoring the trade would be much less.
- Does AlgoBull pick stocks for me to run my strategies on?
No AlgoBull does not recommenced stocks to clients. At the most in a consultancy call AlgoBull might lightly suggest a stock or financial asset however, at the end of the day AlgoBull is not a financial advisor but a technical advisor. Strategies and the stocks used must be the traders responsibility to vet and research all strategies and stocks that are used.
- What technical glitches can occur and how does this effect trades?
Even without using an Algorithm, there is a risk that the broker could have a technical error that effects traders portfolios. However in the case of AlgoBull algorithms, the only potential glitch that can happen is if the bot crashes and stops monitoring a position. This is why traders must keep an eye on their algorithms. However, crashes are extremely rare and are typically discovered in the testing period.
- Do I need a large amount of capital to get started algo trading?
No, there are strategies and stocks that can be traded for a minimal initial amount.
- Are there any additional regulations that algo traders must abide by?
No, there are no additional regulations from the noraml regulations that traders face as manual traders (ie Pattern Day Trader Rule).