Detailed Pricing Breakdown on AlgoTest
Hello and welcome to the detailed pricing page for AlgoTest. You will find a breakdown of our pricing model here.
Purchase AlgoTest credits here.
:For any queries reach out to us!
AlgoTest Credit Plans
At AlgoTest we provide credits to be used on our platform. Here is the pricing for purchasing credits.
| Plan | Cost (in Rs.) | Credits Received |
|---|---|---|
| Starter Plan | Rs 399 | 400 Credits |
| Explorer Plan | Rs 899 | 1000 Credits (10% Discount) |
| Pro Plan | Rs 1999 | 2500 credits (20% Discount) |
| Advanced Plan | Rs 4999 | 7500 credits (33% Discount) |
Your AlgoTest credits have no expiry.
You can purchase AlgoTest credits here!
How to use AlgoTest credits
| Product | Credits Required | Validity |
|---|---|---|
| Limited Backtest (100 Backtests) | 100 Credits | No Expiry |
| Unlimited Backtest | 599/1499 Credits | 7/28 Days |
| 1 Algo Strategy per day | 100 Credits | 28 Days |
| 1 Forward Test per day | 50 Credits | 28 Days |
| Signal Bridge Plan (Includes Unlimited Forward Test and Live Executions) | 999/4999 Credits | 28/168 Days |
Credits are then used to further purchase different products on AlgoTest.
Algo Trading
:Algo Trading
1 Strategy = 100 Credits per billing cycle (28 days).
Forward Testing
:Forward Testing
1 Strategy = 50 Credits per billing cycle (28 days).
Backtesting
:Backtesting
100 Backtests = 100 Credits (No Expiry).
Backtesting Unlimited Weekly
Unlimited 7 Days
599 Credits for 7 days (7 days from the purchase of your unlimited plan).
Backtesting Unlimited Monthly
Unlimited 28 Days
1499 Credits for 28 days (28 days from the purchase of your unlimited plan).
Signals
28 Days
999 Credits for 28 Days
6 Months (168 Days)
4999 Credits for 168 Days.
Algo Trading
After purchasing credits and activating an Algo Trading plan you need to go here in order to Algo Trade.
Under the deployable strategies you will see all your strategies that are ready to be deployed. You can Click the Activate button and deploy it live. Remember, you can only activate one strategy on one slot. In case you wish to deploy more strategies, you need to purchase more slots.
Algo Trading credits expire 28 Days from the purchase of your Algo Trading plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle. For example, you will be charged 50 credits if you activate a new strategy for live deployment on the 14th day of your billing cycle.
| Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Day 1 | 100 | Day 2 | 96 | Day 3 | 93 | Day 4 | 89 | Day 5 | 86 | Day 6 | 82 | Day 7 | 79 |
| Day 8 | 75 | Day 9 | 71 | Day 10 | 68 | Day 11 | 64 | Day 12 | 61 | Day 13 | 57 | Day 14 | 54 |
| Day 15 | 50 | Day 16 | 46 | Day 17 | 43 | Day 18 | 39 | Day 19 | 36 | Day 20 | 32 | Day 21 | 29 |
| Day 22 | 25 | Day 23 | 21 | Day 24 | 18 | Day 25 | 14 | Day 26 | 11 | Day 27 | 7 | Day 28 | 4 |
Pro-rata pricing for Algo Trading. Deploying a strategy uses fewer credits as your billing cycle progresses.
Strategy Price(Day 1 of Billing Cycle) = 100 Credits
Strategy Price (Day 28 of Billing Cycle) = 4 Credits
This means that as your billing cycle progresses, it becomes cheaper to add a trade to your algo trading or forward testing plan. This is what we mean by Pro-rata basis. You can deploy different strategies in your slot for different days of the week. You can also switch strategies in your slot after deploying them.
Only strategies whose status is running are considered towards your daily live execution plan limit. Under "Deployed Strategies" if the status of a strategy is anything other than "Running", for eg. "Squared off", "Manual" or "Error", you can switch them by adding any other strategy from "Deployable Strategies".
Forward Testing
Forward Testing credits expire 28 Days from the purchase of your Forward testing plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle(Pro-Rata Basis). For example, you will be charged 25 credits if you activate a new strategy for forward testing on the 14th day of your billing cycle.
Once you have purchased Forward Testing credits you can go here to begin Forward Testing.
| Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost | Day | Credit Cost |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Day 1 | 50 | Day 2 | 48 | Day 3 | 47 | Day 4 | 45 | Day 5 | 43 | Day 6 | 41 | Day 7 | 40 |
| Day 8 | 38 | Day 9 | 36 | Day 10 | 34 | Day 11 | 32 | Day 12 | 31 | Day 13 | 29 | Day 14 | 27 |
| Day 15 | 25 | Day 16 | 23 | Day 17 | 22 | Day 18 | 20 | Day 19 | 18 | Day 20 | 16 | Day 21 | 15 |
| Day 22 | 13 | Day 23 | 11 | Day 24 | 9 | Day 25 | 7 | Day 26 | 6 | Day 27 | 4 | Day 28 | 2 |
Pro-rata forward testing prices. Deploying forward tests gets cheaper as your billing cycle progresses.
This means that on Day 28 of your billing cycle a Forward Test will cost 2 credits.
Forward Test Cost(Day 1 of Billing Cycle) = 50 Credits
Forward Test Cost (Day 28 of Billing Cycle) = 2 Credits
Backtesting
We have two kinds of plans : Limited and Unlimited. You can go here to begin Backtesting on AlgoTest.
Limited: No Expiry
Limited plans have no expiry date.
Unlimited Plans
Unlimited Weekly
7 Days expiry from the time of purchase.
Unlimited 28 Days
28 Days from the purchase of this plan.
Unlimited plans have expiries based on the plan. If it is a daily plan then it will expire within 24 hours. If it is a weekly or a monthly plan, then it will expire in 7 days or 28 days respectively.
Backtesting Pricing
Free BackTests for ALL our traders.
Supporting and empowering the Retail Trader has always been at the CORE of AlgoTest's vision. We will continue to support them by providing them 25 free backtests per week. These backtests will be the same as your paid backtests and will have ALL the features of your paid backtests. Unused backtests will NOT accumulate over time.
Every customer of AlgoTest gets 25 free backtests per week. You can utilize these backtests after your paid backtests have been exhausted.
Cheapest Backtests out there!
Also, at Rs 1 per backtest, our pricing is still the cheapest plan out there. For a 5-year backtest, that's 20 paisa per backtest per year!
On AlgoTest, you need 1 credit to backtest a strategy. There is no restriction on the number of years you backtest a strategy for. On the contrary, we encourage you to backtest all your strategies for at least 5 years to get a more accurate picture of how well your strategy has performed in different market scenarios.
So if you take our "Starter" plan for Rs 300, one backtest is going to cost you Rs. 1 or 20 paisa per backtest year.
So if you have 6 different strategies in a portfolio that you would like to backtest for a period of 5 years, it will consume 6 credits.
Signals
We have two kinds of plans for our product Signals. Each plan of Signals offers UNLIMITED LIVE TRADES AND FORWARD TESTS! You can get a Signals plan here.
999 Credits for 28 Days
For 999 credits you will be able to use Signals for 28 Days and you will also receive UNLIMITED Live Trades and Forward Tests.
INCLUDED WITH THE PLAN!
4999 Credits for 168 Days (6 Months)
For 4999 credits you will be able to use Signals for 168 Days (6 Months) and you will also receive UNLIMITED Live Trades and Forward Tests.
INCLUDED WITH THE PLAN!
Our Pricing Process - Understanding AlgoTest Slots
At AlgoTest we sell slots that you can then use to run your strategies for Live Trading and Forward Testing. Think of it like renting a room in a hotel.
We give out a room for rent for 28 days. You can have different residents living in that same room during the 28 day period. But only one resident at a time.
Similarly, if you buy a slot from us, you can either run one strategy on that slot for a period of 28 days. Or you can run 28 different strategies on 28 different days (provided you square off the running strategy each day).
For instance, you can create an Execution Plan for yourself anticipating your requirements for a billing cycle (28 days). For example, say you need to Forward Test 2 strategies daily and 5 max daily live deployments for your billing cycle. In order to make a plan for yourself go to My Profile, under Execution Plan click on "Add a plan". Here you can input your requirement and see that you need 600 credits to activate this plan:
Forward Testing = 2 X 50 credits = 100 Credits
Live Deployment = 5 X 100 Credits = 500 Credits
Once you have purchased the 600 credits from our credit packages you will be able to activate this plan for your billing cycle. You can always add more forward tests and live deployments at any time during your billing cycle which shall be added on a pro-rata basis.
Similarly, for backtesting go to My Profile, under Backtest Plan click on "Add more Backtests". Here you have two options:
- Limited Plan: Add the number of backtests you want to purchase. 100 backtests require 100 credits.
- Unlimited Plan: Select the Unlimited plan option and you will see two options, 7 Days or 28 Days. The Unlimited Weekly plan is for 599 credits while the 28 Days plan is for 1499 credits.
You can purchase AlgoTest credits here!
Frequently Asked Questions
How long is my billing cycle?
Your billing cycle is 28 days.
What is the expiry date for my Backtest, Live execution and Forward test plans?
The billing cycle of the Forward testing and Live trading is the same, while that of Backtesting is different.
Backtest: We have two kinds of Backtest plans
- Limited: No Expiry
- Unlimited Daily: 24 Hrs Expiry from the time of purchase
- Unlimited 28 Days: 28 Days from the purchase of this plan
Forward Testing: 28 Days from the purchase of your Live trading or Forward testing plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle. For example, you will be charged 25 credits if you activate a new strategy for forward testing on the 14th day of your billing cycle.
Algo Trading: 28 Days from the purchase of your Live trading or Forward testing plan. If you add more strategies in the middle of your billing cycle, you will be charged on the basis of the number of days remaining in your billing cycle. For example, you will be charged 50 credits if you activate a new strategy for live deployment on the 14th day of your billing cycle.
How do we price our plans?
You can create an Execution Plan for yourself anticipating your requirements for a billing cycle (28 days). For example, say you need to Forward Test 2 strategies daily and 5 max daily live deployments for your billing cycle. In order to make a plan for yourself go to **My Profile, **under **Execution Plan **click on "Add a plan". Here you can input your requirement and see that you need 600 credits to activate this plan:
Forward Testing = 2 X 50 credits = 100 Credits
Live Deployment = 5 X 100 Credits = 500 Credits
Once you have purchased the 600 credits from our credit packages you will be able to activate this plan for your billing cycle. You can always add more forward tests and live deployments at any time during your billing cycle which shall be added on a pro-rata basis. You CANNOT downgrade your plan during a billing cycle. Although you can do so after your billing cycle ends.
Similarly, for backtesting go to **My Profile, **under **Backtest Plan **click on "Add more Backtests". Here you have two options:
- Limited Plan: Add the number of backtests you want to purchase. 100 backtests require 100 credits.
- Unlimited Plan: Select the Unlimited plan option and you will see two options, 24 hours or 28 Days. 24 Hours plan is for 199 credits while the 28 Days plan is for 4000 credits
Once you have purchased the necessary credits from our credit packages you will be able to activate your Backtests. You can always add more Backtests at any time as they have no exipry. You CANNOT downgrade your plan.
Where can I purchase credits from?
You can purchase credits here.
How long are my credits valid for?
Your AlgoTest credits have no expiry.
Is Backtesting not free anymore?
Supporting and empowering the Retail Trader has always been at the CORE of AlgoTest's vision. We will continue to support them by providing them** 25 free backtests per week**. These backtests will be the same as your paid backtests and will have ALL the features of your paid backtests. Unused backtests will NOT accumulate over time.
Also, at Rs 1 per backtest, our pricing is still the cheapest plan out there. For a 5-year backtest, that's 20 paisa per backtest per year!
What is considered a "strategy" on AlgoTest?
A "Strategy" on AlgoTest is defined by Entry Time. One Entry time is one strategy. You can have up to 10 legs in one strategy.
How many credits do I need to backtest one strategy for 5 years?
On AlgoTest, you need 1 credit to backtest a strategy. There is not restriction on the number of years you backtest a strategy for. On the contrary, we encourage you to backtest all your strategies for atleast 5 years to get a more accurate picture of how well your strategy has performed in different market scenarios.
So if you take our "Starter" plan for Rs 300, one backtest is going to cost you Re 1 or 20 paisa per backtest year.
How many credits are consumed to backtest a portfolio of strategies?
Say you have 6 different strategies in a portfolio that you would like to backtest for a period of 5 years. Backtesting this portfolio of strategies will consume 6 credits.
I have bought a backtesting plan, do I still get free backtests per week?
Yes! Every customer of AlgoTest gets 25 free backtests per week. You can utilize these backtests after your paid backtests have been exhausted.
How can I deploy a strategy in live market on AlgoTest?
After purchase credits and activating a plan you need to go to https://algotest.in/live Under the deployable strategies you will see all your strategies that are ready to be deployed. You can Click the Activate button and deploy it live.
How many credits do I need to deploy 1 strategy?
To deploy 1 strategy you need to purchase 100 Credits for one billing cycle.
Can I upgrade my live execution plan?
You can upgrade your plan and add more live strategies at any point during your billing cycle. Credits will be deducted on a pro-rata basis. A plan cannot be downgraded.
What should be my live execution plan if I deploy different number of strategies on different days?
Say you deploy 3 Strategies on Monday, 2 on Tuesday, 5 on Wednesday, 6 on Thursday and 3 on Friday. In this case you will need 600 credits to activate all your strategies since your live execution plan needs a maximum of 6 strategies to run for the entire week.
Can I deploy different strategies for different days with the same live execution plan?
Yes, you can deploy different strategies for different days of the week.
Can I switch strategies after deploying them?
Yes, you can switch strategies after deploying them. Only strategies whose status is running are considered towards your daily live execution plan limit. Under "Deployed Strategies" if the status of a strategy is anything other than "Running", for eg. "Squared off", "Manual" or "Error", you can switch them by adding any another strategy from "Deployable Strategies".