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Profit and Loss Tracker

Profit and Loss Tracker

3 min read

Introduction

The P&L Tracker feature allows you to gain profit or limit losses at (or near) predefined values for your plan. You can access the P&L Tracker when you start a strategy in the My Portfolio section.

How to Use the P&L Tracker

Go to My Portfolio page and select a strategy you want to execute. Click Start button in the action bar to open the Execute modal.

Execution Modal

Turn the P&L toggle button ON after completing other steps in the modal. Then, enter the desired profit and risk appetite in the P&L Tracker.

Pnl Tracker Fields

Click on Save & Start after agreeing to the terms and conditions if you are in live mode. The strategy will then begin.

Note

  • The P&L scan frequency for live trading and paper trading is currently refreshed every 30 seconds. This may change in the future. Choose a strategy from Odyssey and begin trading now!

Fields

Profit Desired: Enter the desired profit amount here. This is the maximum profit you would like to make from this strategy, after which the strategy will stop. If the strategy exceeds this amount, all positions will be squared off and the strategy will stop execution.

Risk Appetite: Enter the risk appetite amount here. This is the maximum loss you are willing to bear for this strategy, after which the strategy will stop. If the strategy exceeds this amount, all positions will be squared off and the strategy will stop execution.

Note

  • This feature is available for: i. Test Mode Virtual Trading (Backtesting & Paper Trading) ii. Live Mode Live Trading in Live Markets

  • AlgoBulls' Risk Management System will try its best to book your P&L at the given Profit Desired or limit it at the given Risk Appetite.

    • You can either enter both values or leave them blank. It is not allowed to enter one value while leaving the other blank. In other words:
      • This feature can be turned ON by providing both values.
      • This feature can be turned OFF by keeping both values blank.
      • Turn OFF this feature by using the toggle button if you want to keep both values blank.
    • For Live Trading: These values are not guaranteed as various factors outside the control of AlgoBulls' systems come into play, such as market liquidity momentum, and delays introduced due to network issues. For the P&L tracker to function effectively, please avoid running multiple strategies on the same instrument(s).

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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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