AlgoBot Marketplace FAQ

What is AlgoBot Marketplace?

AlgoBot Marketplace is the marketplace of robo-traders partnered with licensed firms as an advisory service to investors.
[Subscriber]: For those who want to invest but lack of time, it gives you the ability to invest in the strategies from licensed and experienced professionals!
[Publisher]: For those who have already established a profitable trading strategy and want to scale up, it enables you to partner with licensed firms to publish your strategies!

What are the benefits to publish/subscribe on AlgoBot Marketplace?

  • Publisher can partner your strategies with licensed firms to become legitimate robo-traders

  • Publisher can create income as a robo-trader creator

  • Subscriber can tap into the experience of professional traders

  • Subscriber have access to a wide variety of trading strategies

  • Subscriber can free up time from closely monitoring the market

Are there any drawbacks?

When using AlgoBot Marketplace, it is important that you act responsibly to protect your account, which means weighing the pros and cons of strategies, rather than going on a 'feeling'. Here's how to trade responsibly on our platform:

  • It could be convenient to simply subscribe a robo-trader, but it is still necessary to know what you are investing on.

  • Identifying robo-trader based on the performance statistics including trading logic, max draw down, Sharpe, etc is your responsibility before subscription.

  • High risk strategies can bring high returns when the market moves in your favor, but please be aware that there is an increased likelihood of volatility and potential losses too.

  • Investing in strategies that focus on different assets, is a way to diversify your portfolio and reduce your risk exposures.

How do I get started as a robo-trader subscriber?

Getting started is simple. Simply explore and search from AlgoBot Marketplace for a robo-trader that matches your goals and risk appetite. You can refine the search results, apply filters and indicators, and even drill into the historical performance, to help you decide whether the robo-trader suits you.

How do I subscribe a robo-trader?

You can subscribe a robo-trader for either live-testing or real-trading. Subscription can be done as follows:

  • Go to 'Connection'

  • Click 'Register for broker' to open a securities account if you do not have one

  • Click 'Connect' to connect a securities account and log in either real or paper account

  • Click 'Manage' to pick your favorite robo-trader

After these steps, subsequent trades from robo-trader will automatically happen in your trading account. Enjoy the automation and let's others work for you!

What is a subscription period?

A subscription period is a time period in which the robo-trader will execute the trades for you. It is effective immediately when you subscribe a robo-trader.

Can I pause the robo-trader trading during my subscription period?

Sure! You can pause the robo-trader anytime during the period and no more trade will be triggered. Go to 'Connection', then simply click 'Pause' in table 3 'My Subscriptions'. You need to handle the outstanding positions yourself before you run it again.

Can I run the same strategy again after pausing it?

Yes. Go to 'Connection', then simply click 'Run' in table 3 'My Subscriptions'. The robo-trader will continue to manage the outstanding positions.

Can I switch to another robo-trader during a subscription period?

Yes. You need to pause the current robo-trader first. Then, go to AlgoBot Marketplace to subscribe for a new one and run it.

Can I subscribe more than one robo-trader at the same time?

Yes. You can subscribe more than one robo-trader but one securities account can only bonded with one robo-trader.

Can I monitor the trades?

Sure! Create a new separate login that you use to log in TWS to monitor the trading process. Using same login will disconnect the robo-trader from trading. Click here for more details.

Can I cancel a specific order that was opened from a subscribed robo-trader?

Yes, you can, but you will be fully liable to direct profit/loss from your action and indirect profit/loss due to alter of trading behavior of the subscribed robo-trader incurred from your action.

What will happen at expiry of subscription?

At expiry of subscription, you can choose the one of the following actions:

  • automatically roll the subscription service and continue to let the robo-trader run

  • automatically close all the positions created by the robo-trader at expiry or next trading day at open if expiry is a holiday

  • handle the positions yourself

You can change your choice in table 3 'My Subscriptions' under 'Connection'.