FAQs - Algorithms

Few frequently asked questions and answers about algorithms and its suitability

Can you explain briefly the functions of paid algorithms?

Algorithms are built based on concepts of trading patterns. The rules implemented are generic in nature and behaviour of the algorithms can be tweaked/adjusted via parameters available in settings. In most of the algorithms, we also try to calculate probability based on historical performance for given risk reward and present them in tabular format. These information can be used to study and understand the patterns and their profitability in depth.

How accurate are the patterns?

"Accuracy" does not mean "Profitability" and should not be taken as such. Accuracy for algorithms mean how accurately it can scan patterns as and when they form. Whether patterns are going to be successful trades or not is a different matter and that accounts for profitability.

Algorithm for scanning patterns are researched and updated quite frequently and we always try to improve the efficiency and accuracy of these algorithms as much as possible. However, automatic scanning can never match manual inspection and verification. However best we try to improve these concepts, there will still be some patterns which automatic scanning may miss or there will be patterns which automatic scanning will show but may not look convincing to naked eyes.

How profitable are the patterns or algorithms?

Profitability depends on various factors such as instruments, timeframe, volatility, application of algorithms, etc. Hence, we cannot guarantee profitability of the algorithms or patterns. However, most of these algorithms will come with detailed stats which is generated based on historical price action. These stats can be used to study the probability and profitability of trades. Algorithms try to provide as much as options to apply logical mechanism. However, manual inspection and discretion need to be applied along with additional confirmations.

Can we get details of guaranteed profitability of algorithms?

Profitability depends on various factors such as instruments, timeframe, volatility, application of algorithms, etc. Hence, we cannot guarantee profitability of the algorithms or patterns. However, most of these algorithms will come with detailed stats which is generated based on historical price action. These stats can be used to study the probability and profitability of trades. Algorithms try to provide as much as options to apply logical mechanism. However, manual inspection and discretion need to be applied along with additional confirmations.

How do I know if the algorithms are suitable for me?

The algorithms we develop are complex in nature and not suitable for everyone. We encourage people to buy our solution only if they are aware of the underlying trading mechanism based on the patterns. In other words, these algorithms are made to be used by the experts who already know the system of pattern based trading. If you are new to trading and want to start off with just following the signals, this may not be the right fit for you.

Alternatively, if you are willing to study the subjects on your own with the help of algorithm, you may consider going for it. Having said that, we will not be able to coach on how to trade the patterns. This is mainly because, doing so will become financial advice - which we are not allowed to provide due to legalities. Another reason is subject is vast and it is really difficult for us to spend time on teaching how to trade.

Traders are also encouraged to make use of 7 day free trial before purchasing in order to understand the suitability.