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Advanced Features

AlgoTest Simulator offers advanced features that can elevate your trading to a new level. Trading is a zero-sum game, requiring you to outsmart other traders to make significant profits. AlgoTest Simulator provides advanced features that give you an edge over your counterparts.

Add/Edit Alerts

When simulating your strategy, you may have specific levels at which you want to take action, such as exiting your strategy or certain parts of it when the mark-to-market (mtm) value reaches Rs 1000. However, tracking mtm during automated simulations can be challenging. To address this, AlgoTest offers a feature called Alerts. This feature will alert you when your desired mtm/level is reached during a real-time simulation of historical data, enabling you to take action accordingly.

You can access this feature by clicking on "Add/Edit Alerts," as shown in the image below

You can set alerts for specific features as shown in the image below.

Let's delve deeply into each feature and understand how they work.

Stop Loss Alert

This feature enables you to set a stop-loss alert on individual legs. As soon as the leg crosses our stop-loss price, an alert will be generated so that we can take action based on that. This feature is very helpful when we want to simulate a strategy where we want to limit the loss per leg.

For example, if we want an alert to be generated when the price crosses below 21 for 21550 PE, then we will set the stop-loss at 21 as shown in the image below and click on the Done button.

As you can see in the image below, when the price crossed 21, an alert was displayed on the screen.

Target Alert

This feature allows you to set a target alert for an individual instrument leg. When the instrument leg reaches the target price, an alert will notify us so that we can take appropriate action. This feature is very helpful for simulating a strategy focused on profit booking for each leg.

For example, if you want to receive an alert when the price of a certain stock drops below 48 for the 21550 PE, you can set the target as 48 by following the instructions shown in the image and then click on the "Done" button.

As you can see in the image below, when the price crossed 115, an alert was displayed on the screen.

Overall Target Alert

This feature enables you to set an overall target alert on the overall strategy. As soon as the overall profit crosses our target value, it will give us an alert so we can take action based on that. This feature is very helpful if we want to simulate a strategy where we want to exit the strategy at a fixed profit.

For example, if I want to receive an alert when the profit reaches 700 for the strategy, then we will set the overall target as Rs. 700 as per the given image, and click on the Done button shown in the image below.

As shown in the image below, an alert was displayed on the screen when the overall target exceeded 700.

Overall Stop Loss Alert

This feature enables you to set an overall stop-loss alert for your strategy. As soon as the overall loss crosses the stop-loss value defined by you, you will receive an alert. This feature is very helpful for simulating a strategy where you want to exit at a fixed amount of loss.

For example, if you want to receive an alert when the loss reaches 1000 for the strategy, you will set the overall target as Rs. 1000 as per the image shown below, and then click on the "Done" button.

As shown in the image below, an alert was displayed on the screen when the total loss exceeded 1000.

Based on Underlying

This feature enables you to set an alert based on the movement of the underlying asset. Your trading strategy may be directional or non-directional, and you may want to be alerted if the index reaches a certain range or moves out of a range that you define. This alert can be created using the Underlying Alerts feature.

For instance, if you want to be alerted when the underlying asset is greater than 21740, you can set an alert accordingly and take action based on your strategy. After setting "Alert when Underlying is greater than 21740, click on the "Done" button to generate the alert when the underlying asset exceeds 21700.

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As shown in the image below, an alert was displayed on the screen when the underlying exceeded 21740.

Based on Delta

This feature allows you to set an alert based on the overall delta value of the strategy. As a trader, you may want to backtest a strategy where you exit or adjust your trades based on the overall delta value. This feature allows you to do that.

For example, you can set an alert to notify you if the delta of the overall strategy drops below 0.05. To do this, you would set the "Alert when Delta is Less than" value to 0.05. When the delta value crosses below 0.05, an alert will be generated.

As indicated in the image below, an alert was shown on the screen when the delta value fell below 0.05.

Import Strategy from Strategy Builder

AlgoTest Simulator provides traders with an advanced feature to import strategies from the strategy builder. Users can also review their past trades made in the strategy builder. Have you ever encountered difficulties saving and analysing past trade data to improve strategies and correct mistakes made during live trading? With the AlgoTest Simulator, worry no more. It offers a feature to replay trades made using the strategy builder. Traders looking to enhance their trading skills can discover the benefits of analysing past trades and mistakes. Using the AlgoTest Simulator makes it very easy to analyse past trades.

To utilise the "Import Strategy from Strategy Builder," simply access the simulator by clicking on the simulator button, as demonstrated in the image below.


Now, click on the "Import Strategy from Strategy Builder" button, as shown in the image below.

Now you can select the strategy you want to import from the list of strategies in the strategy builder and then click on "first trade".


It will display the first trade executed by your strategy using the AlgoTest Strategy Builder in the past. It will also indicate the timing, as shown in the image below.

You can view the details of the first trade you took in the image below. On the right side, you will be able to access the analysis section, where you can also analyze this strategy in real-time.

You can also check the upcoming trades for this strategy using the strategy builder.

Now you can run the simulation either manually or by using the auto-play feature, which will automatically simulate the AlgoTest simulator as shown in the image below.

If we advance our simulation to the next trade, you will be able to see the new trades added, and the analysis graph in the analysis section will change in real-time.

To be a successful trader you need to learn from your old mistakes quickly. This is an advanced tool for traders who are serious about trading. Using this feature you can view the replay of the trades taken by you in past. Now that you have all the data of trades taken by you, you can analyse your strategy and mistakes and keep on improving as per the market conditions.