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Getting Started

Accessing the Simulator

To access the simulator feature in AlgoTest follow some simple steps as shown below.

Step 1.

Go to the Algotеst website, sign up for a free account, and log in to your account.

Step 2.

Now click on "Simulator" as shown in the image below :

Step 3. You will be able to view the dashboard of the simulator as shown in the image below.

User Interface

In this section, we will get a basic overview of what are the key features of the Simulator and how to use them.

Selecting a Time Period

Using this feature, you can access historical data of option strikes for a specific instrument in the option chain for the selected period. This data can be used to backtest or simulate your strategy. For instance, if you plan to sell an At-The-Money Call (CE) option on May 20, 2020, at 09:30, you would select that date and time here.

Historical Option Chain

It will display all the option data for the date and time that we have chosen in the date & time section. For instance, if we select May 20, 2020, and 09:20 as the time, it will show the historical prices for the given date at 09:20.

You can select the underlying, expiry, strike price, and position type, and create a strategy according to your rules by using a simple drag-and-drop visual interface. You can view a visual representation of an ATM Straddle Sell strategy as shown in the image below.

Positions

In this section, you can view and edit the positions you create in the option chain, as shown in the image below. Additionally, you can square off or delete a position.

Payoff Graph

In this section, you will be able to analyse your strategy visually. By using a payoff graph, you will be able to visualise the maximum loss or maximum profit your strategy can make. Additionally, you will be able to see how much profit or loss your strategy will make depending on the movement of the underlying.

Initiating Simulation

In this section, you will be able to simulate the strategy across multiple time intervals. For example, you can use a feature called AutoPlay. This feature simulates your position according to the time intervals you set. For instance, if we set it to 1 minute per second, it means it will automatically simulate our strategy every 1 second, moving from 09:20 to 09:21 and then to 09:22, and so on, showing you how your strategy performs every 1 minute.

You can manually simulate your strategy by moving in 1/3/5/30-minute,1-hour or 1-day increments with each click.