Starting a Strategy

On the AlgoBulls platform, there are two types of strategies: Phoenix and Odyssey.

• Phoenix Strategy: These are pre-built, ready-to-use strategies. You can simply choose one and start trading right away.
• Odyssey Strategy: If you know how to code or wish to create a custom trading strategy, Odyssey allows you to design and implement your own strategy tailored to your needs.

How to Start an Odyssey Strategy

To start an Odyssey strategy, follow these steps:

1. Navigate to the Odyssey Page

   Go to the Odyssey page, select a strategy that suits your requirements, and click the Execute button. You will be redirected to the Portfolio page, where your selected strategy will already be added.asdasd

   

2. Customize the Strategy

   • Click the Tweak Strategy button in the configuration column.
   • Here, you can edit various configurations such as:
     • Instrument (e.g., stock or commodity)
     • Segment (market segment)
     • Candle Size (timeframe for each candle)
     • Mode (Live, Backtesting, or Paper Trading)
     • Order Settings (order type, quantity, etc.)
     • Parameter Settings (adjust technical parameters based on your strategy)
   • If needed, you can add additional parameters by clicking the Add Parameters button.
   

3. Save the Configuration After setting all your parameters:

   • You can choose to Save the changes, or
   • Click Save as New to create a new strategy with the adjusted parameters.

4. Start the Strategy

   Once everything is configured, click the Start button. A pop-up will appear where you can choose to run the strategy in different modes.

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How to Start a Phoenix Strategy

On the AlgoBulls platform, Phoenix strategies offer flexible ways to build and execute your trading strategies. You can either create a strategy from scratch using code or leverage AI to create one for you. Here's how to do both:

1. Creating a Strategy in Phoenix

   • Using Code:

     Navigate to the Phoenix page and click the Create Strategy using Code button. This option allows you to manually write your own strategy logic, giving you complete control over the trading rules.

     

   • Using AI:

     Alternatively, you can choose the Create Strategy using AI option, where the system helps you generate a strategy based on AI-driven insights.

     

2. Managing Your Strategy Once your strategy is created, it will appear in the My Strategies section. From here, you can:

   • Click the Code button to view and edit your strategy. This will redirect you to the Strategy Details page, where you can modify the code directly.

3. Tweaking the Strategy Configurations In the code editor, click the Tweak button to adjust various strategy settings, such as:

   • Instrument: Select the market instrument (e.g., stock, commodity) you want to trade.
   • Segment: Choose the appropriate market segment (e.g., equity, derivatives).
   • Candle Size: Set the timeframe for each candle (e.g., 1-minute, 5-minute, etc.).
   • Mode: Choose between live trading, backtesting, or paper trading.
   • Order Settings: Adjust trade order types, quantities, and more.
   • Strategy Parameters: Fine-tune the technical parameters specific to your trading logic.

   After configuring the settings, click Save to update the existing strategy, or Save as New to create a new strategy based on these updated configurations.

   

4. Starting the Strategy After saving the settings, click the Save and Start button. A pop-up will appear with the following options:

   • Choose the mode in which you want to run the strategy (e.g., live trading, backtesting, paper trading).
   • Select the broker and any additional parameters for your strategy, such as the quantity and trading time.

   Once everything is set, confirm the details and click Save and Start. Your strategy will begin running based on your configurations.

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Running Your Strategy in Different Modes

1. Live Trading

   To start your strategy in Live Trading:

   • Click the Live Trading button in the pop-up.

   • Select the broker you want to trade with.

   • Under the Customizations section, set the following:

     • Trading Time: Define the start and end time for running the strategy.
     • Trade Quantity: Specify the quantity you want to trade with.

   • In the PnL Tracker section, enable it to:

     • Set your Risk Appetite (the maximum loss you're willing to take).
     • Set your Desired Profit (the profit target for this strategy).

   • Review the selected strategy details under the Strategy Configuration section. It includes all the information such as instrument, segment, and parameters.

   • Carefully read the Important Note section, which explains the risks involved in trading.

   • Agree to the terms and conditions.

   • Click Save and Start. Your strategy will start running, and trades will be executed automatically.

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2. Backtesting

   Backtesting allows you to test your strategy on historical data, helping you evaluate its performance before deploying it in a live environment.

   • Click the Backtesting button. The default broker for this mode is the AlgoBulls virtual broker.
   • Under the Customizations section:
     • Select the Start Timestamp and End Timestamp to define the period over which the strategy should run.
     • Specify the Trade Quantity.
   • In the PnL Tracker section, you can enable it to:
     • Set your Risk Appetite (maximum allowable loss).
     • Set your Desired Profit (target profit for the strategy).
   • Once all settings are configured, click the Save and Start button. The strategy will run for the selected date range, and you can review the results afterward.

     • Check your results in the Live Reports column for that strategy.

     • To view detailed logs, click the Show Details button under the Progress Bar column.

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3. Paper Trading

   Paper trading lets you simulate live trading without using actual money, allowing you to test how your strategy performs under real market conditions, risk-free.

   • Click the Paper Trading option.

   • In the Customizations section:

     • Select the Start Date and End Date for when you want the strategy to run.

   • You can also enable the PnL Tracker to monitor risk and profit targets.

   • After configuring, click the Save and Start button. The strategy will begin operating in simulated mode.

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