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Getting Started with Phoenix
Introduction to Phoenix

Introduction to Phoenix

8 min read

Introduction to Phoenix

Now you can code your own strategies easily using our DIY(Do-It-Yourself) product called Phoenix. Begin coding your own strategy from scratch, or modify some of our ready-made templates to suit your needs. Additionally, leverage our Generative AI technology to generate your strategy codes using plain english. Get access to our state-of-the-art AlgoBulls Core Trading Engine, which automatically leverages our infra so that you can access the latest historical data to gauge the performance of your strategies. Tweak the various parameters of your strategy to choose the ideal instrument, indicator values, and profit loss percentages as per your needs! View the performance of your strategy using our visual analytics feature and continue to tweak till you are satisfied with the performance. Deploy it on 50+ supported brokers without coding any broker integration logic.

Go to Algo Products section in the sidebar navigation and select Phoenix to start your algotrading journey.

Sidebar

An Overview of Phoenix Page

Phoenix Meta

  • Total Running Strategies: This section shows how many strategies are currently active and running concurrently in your account.

  • LT Running Strategies: This section shows how many Live Trading strategies are currently active and running concurrently in your account.

  • Strategies Saved: This displays the number of strategies saved in your AlgoBulls account. It also shows the number of maximum strategies that you can save as per your current plan.

  • Execution Time Consumed: You can view the number of minutes that have been used for Backtesting or Paper Trading your strategies.

  • Analytics Access: This shows whether your analytics support is active. Analytics support is not available to free plan users.

  • Professional Support: This section connects you to other professional support forums for additional support while developing the strategy.

  • Active Plan: This section displays the current plan active on your AlgoBulls account.

  • Ready Templates: Ready-to-use templates that you can modify and test.

Ready Templates
  • My Coded Strategies: Strategies that have been coded and saved by you are displayed here. This includes new and modified strategies developed by you.
My Coded Strategies
  • Quick Help: Resources to help you code better.
Help Section

How to get started with Phoenix?

  • To start developing your own strategy, you must first activate a plan from the Pricing page. Select Phoenix from the Pricing category tab and choose a plan of your choice.

    Plans

  • After selecting your preferred plan, you will be able to begin coding. You can either edit the preloaded Ready templates or use My Coded Strategies section to create your own strategies or click on Create Strategies Using AI to get your strategy generated using Phoenix Copilot.

How to code strategies using Ready Templates?

Ready Templat

  • Select a template that you would like to modify from the Ready Template section. To view all the ready-to-use templates click on View All.

    Ready Template

  • Click on the Code button placed in the bottom right corner of the selected template to view the strategy code.

    Code BUtton

You should now see the code editor, where you can start modifying the code as required.

Code Editor

To save the strategy, click the Save button. This strategy will be added to your list of My coded strategies.

Follow these simple steps to test the strategy's performance

Step 1

After clicking Save & Start, a pop-up window will appear.

pythonbuild

Step 2

i. In the Select Execution Mode section, choose Backtesting, Paper Trading or Live Trading according to your preference.

Execution Modal

ii. Select "Broker" if you are "Live Trading" or "Broker" and "Data Source" if you are "Virtual Trading"

Broker

iii. Click on Open Parameter Configure Panel Button to tweak/view your parameters.

parameters config

After you click it, you can check the parameters and modify additional things accordingly.

pythonbuild

iv. For Backtesting, you get to specify the dates.

Customisation

v. For Paper Trading and Live Trading, you can specify the time.

Customisation

vi. Use the toggle button to activate the P&L Tracker. Add the desired profit and risk appetite here.

PnL Tracker

Step 3

To begin testing the strategy, click on the bottom-most button, which includes the type of Trade you want to perform.

start

How to view the Results?

View the performance of your strategy in the Analytics/Data section. Go to the Analytics section to see how the strategy has performed.

Results
  • You can analyse your strategy output using various charts and heatmaps shown below.

  • Cumulative Returns

    Stats

  • Profit and Loss (P&L)

    PnL

  • EOY (End of Year) Returns & Distrubution of Monthly Returns

    EOY Returns

  • Monthly Returns (%)

    Monthly Returns

  • Daily Returns

    Daily Returns

  • Underwater Drawdown Plot

    Underwater Drawdown Plot

  • Heatmap

    Heat map

  • You can also check P&L table and Logs by clicking on Data button.

  • Logs

    User Logs

  • P&L Table

    User Logs

Rename Strategy

You can rename a strategy by clicking the edit symbol besides the strategy name.

Rename Strategy

Choose Layout

  • There are three layouts to view your strategy. You can select layout by clicking on the settings wheel icon on the right side.

    Layout Button

  • The Following three modes will look like this.

    Phoenix Layout Modes

How to code a new strategy?

  • If you want to create your own strategy, click on the + Sign in the Code New Strategy option under the My Coded Strategies section.
Create Strategy Card
  • A new blank code editor will open, allowing you to start coding your new strategy. You can check out the basic building blocks of a strategy here to help you with your code structure. After you've finished coding, click Save to save this strategy in the My Coded Strategies section.
Code New Strategy Editor

  • Next, you need to configure the strategy’s parameters by clicking on the settings symbol in the top right corner of the code editor. In this section you can add, view & edit the strategy parameters.

  • To test the behaviour and performance of the strategy, click on Save & Start and follow the directions given earlier. The performance of the strategy will soon be available in the Results section.

How to Configure Strategy Parameters?

  • You can configure the strategy’s parameters by clicking on the settings symbol in the top right corner of the code editor. In this section, you can view a strategy’s parameters or edit these parameters too.

    Strategy Parameter Settings Wheel

  • To know more about the parameters, click here.

    Strategy Parameters

  • Strategy Parameters: In this section, you can change instruments, customise/create your own parameters for the strategy. Click on +Add New Parameter to begin adding them. They should match with the parameters you have defined in your Python class.

Live Test Mode

  • Phoenix gives support to run strategy in Live and Test mode. So user can choose to see results for the strategy in different modes. User can select the Live/Test mode using the Live/Test button.

    Live Test Mode

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AlgoBulls Technologies Private Limited, C-212/Mascots, 103/104, Orbit Plaza, New Prabhadevi Marg, Mumbai 400025

Trading in financial products involves significant risk and may not be suitable for all investors. The use of our services, including algorithmic trading strategies, Phoenix and Odyssey (Algo Marketplace), carries the risk of substantial losses, potentially exceeding your deposited funds. It is crucial to fully understand these risks before engaging in trading activities.

AlgoBulls (AlgoBulls Technologies Private Limited) does not guarantee the accuracy or completeness of any information provided on our platform, including third-party content. Such information should not be relied upon without thorough independent investigation by the investor. Investments in securities and equity-related instruments are subject to various market risks, which can be influenced by specific security factors, broader market conditions, and economic, political, and global developments.

Past performance of any strategy, model, or advice provided by AlgoBulls does not guarantee future results. Actual returns may vary significantly due to various factors, including but not limited to, impact costs, expenses, entry and exit timings, additional flows or redemptions, client-specific mandates, and unique portfolio construction characteristics. There is no assurance that the objectives of any strategy, model, or advice will be achieved.

AlgoBulls, its partners, officers, and employees do not guarantee any specific return on investments made based on the strategies or advice provided. The value of investments can fluctuate, influenced by market forces and conditions. AlgoBulls and its associates are not responsible for any losses or shortfalls arising from market conditions.

Investors are encouraged to thoroughly read and understand the terms and conditions outlined in the relevant advisory agreement before subscribing to any services. AlgoBulls and its associates/employees shall not be held liable for any risks or losses associated with the strategies, models, or advice provided. Trading in securities is subject to market risks, and AlgoBulls makes no representation or guarantee that the objectives of any model, strategy, or advice offered will be achieved in the future.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardising ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

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