FAQs

Q: What is AlgoShot?

AlgoShot is a comprehensive platform for stock market traders and investors. We offer two trading modes - Options Trading and Equity Investing - each with backtesting, paper trading, and portfolio tracking tools to help you optimize your strategies with minimal risk.

Q: How do I get started with AlgoShot?

Getting started is easy! Simply sign up for an account, choose your preferred trading mode (Options Trading or Equity Investing), and start exploring. You can backtest strategies, use the screener, and set up paper trades right away.

Q: Is AlgoShot free to use?

Yes, AlgoShot is completely free to use. You get full access to backtesting, paper trading, screeners, portfolio tracking, and all other features at no cost.

Q: What instruments can I backtest for options?

You can backtest options strategies on Nifty and BankNifty indices using 5+ years of historical data (2019-2024).

Q: What strategy templates are available?

AlgoShot provides popular options strategy templates including straddle, strangle, iron condor, butterfly, and more. You can also create custom strategies by configuring your own entry/exit conditions, stoploss, and targets.

Q: How does paper trading work for options?

Once you've backtested a strategy, you can deploy it in paper trading mode. The strategy runs automatically on live market data each trading day, simulating real trades without risking actual capital.

Q: What is result-based backtesting?

Result-based backtesting lets you test equity investment strategies based on quarterly earnings data. You can define criteria like revenue growth, profit margins, and EPS changes, then see how stocks matching those criteria would have performed historically since 2019.

Q: What is the quarterly results screener?

The screener helps you filter stocks based on their latest quarterly results. You can set criteria for earnings growth, revenue, profit margins, and other fundamental metrics to find stocks that match your investment thesis.

Q: What are paper orders?

Paper orders work like GTT (Good Till Triggered) orders but without real money. You can set buy or sell orders at specific price levels, and they'll trigger automatically when the price is reached. You get unlimited paper orders with alert notifications.

Q: Can I track my watchlist and get alerts?

Yes, you can add stocks to your watchlist and set up price alerts. You'll receive notifications when your tracked stocks hit specified price levels or when your paper orders are triggered.

Q: What is backtesting?

Backtesting involves testing a trading strategy using historical market data to see how it would have performed. Our platform allows you to simulate past trades, analyze results, and refine your strategies before risking real capital.

Q: What is paper trading?

Paper trading is a simulated trading environment where you can practice trading without using real money. It uses live market data, allowing you to test your strategies in real-time market conditions without any financial risk.

Q: What's the difference between backtesting and paper trading?

Backtesting uses historical data to see how a strategy would have performed in the past, while paper trading simulates real-time trading on live market data. Use backtesting to develop and optimize strategies, then paper trading to validate them in current market conditions.

Q: Will live trading be available?

We are currently focused on providing the best research, backtesting, and paper trading experience. Live trading integration is not on our near-term roadmap.