Algorooms

Algorooms seeks to make investing easier with automated trading, strategy creation and social trading tools that use AI to make it easier for people to invest their money.

Algorooms has several features to try to make trading easier:

• Trading Engine: Places trades based on rules you set.
• Strategy Building Wizard: Creates automated trading strategies without requiring programming skills.
• Social Trading: Lets you follow other traders so you can match their strategies in your own account.
• BackTesting: Tests trading differences with three different backtesting modes, including a worst-case scenario.

You can use the system by signing up, picking a strategy you like and adjusting the risk settings in the trading algorithm. The system also offers reporting consoles and the ability to deploy a strategy and backtest a portfolio.

Pricing tiers are graduated to accommodate different needs:

• Free: ₹0/day, with 50 Backtest Credit Points, 5 Strategy Creations and basic reporting.
• Unlimited Plan: ₹69/day, with 1500 Backtest Credit Points, 50 Strategy Creations and full strategy deployment and portfolio backtesting.
• Limited Plan: ₹41/day, with 500 Backtest Credit Points, 25 Strategy Creations and partial strategy deployment and portfolio backtesting.

Algorooms is for both beginners and experienced traders, with a mix of guidance and innovation for people with different levels of experience. By automating some of the work and providing more sophisticated analytical tools, the company hopes people will make better decisions about their investments.

Published on July 23, 2024