# Rules your clients and owners can actually read.

> When you manage money for other people, you need to show what your rules are and that you follow them. AlgoBarsX writes every strategy out in plain English and keeps a record of every test.

Source: https://algobarsx.com/for/asset-managers/

## What gets in your way.

- **Rules that live in someone's head** Hard to explain to an owner, a client or a regulator.
- **No record of what was tested** Months later, nobody knows which version ran.
- **Small team, no developers** Every tool change needs outside help.

## How AlgoBarsX helps.

- **Plain-English rules** The compiler describes each strategy in words. Put that in a client pack or a policy file. [Read more](https://algobarsx.com/docs/what-is-algobarsx/)
- **A record of every run** Each test is kept with the code that produced it. Bring any earlier version back. [Read more](https://algobarsx.com/docs/terminal-tools/)
- **Limits in the code** Caps on open trades, total risk, daily loss and drawdown sit in the header of every strategy. [Read more](https://algobarsx.com/docs/guards/)
- **Account watching** Alerts on balance, equity, margin level and exposure. [Read more](https://algobarsx.com/alerts/)
- **No dev team needed** The people who set the policy can write and change the rules. [Read more](https://algobarsx.com/docs/first-strategy/)
- **Careful tests** Careful fill rules, and tests that stop when the money is gone. [Read more](https://algobarsx.com/docs/#execution-rules)

## Limits live in the code, where everyone sees them.

Caps sit at the top of the script. When the daily loss limit is hit, open trades close, waiting orders are cancelled, and new entries stop until the next day. A drawdown limit pauses the strategy until a person restarts it.

```algobarsx
strategy "Language Tour"
    markets: EURUSD, GBPUSD
    bars: 15m
    evaluate: bar_close
    max_open: 3
    max_open_per_side: 2
    direction: both
    opposite: reverse
    pyramiding: 3
    min_distance: 20 pips
    max_daily_loss: 3%
    max_drawdown: 10%
    trade_only: within sessions london, new_york
```


> **What to check with us first.** AlgoBarsX is in beta, so syntax and features may still change. There is no public API yet. Ask us about anything your firm needs in writing, such as where data is kept, audit logs, single sign-on, uptime and support hours. We will tell you plainly what exists today, what is planned, and what we do not do. Your licences, approvals and client rules stay your job.

## Good questions.

**Does AlgoBars hold client money?** No. AlgoBars is software, not a broker. It links to accounts at supported brokers. It never holds money and it does not give advice.

**Will live results match a backtest?** No. Tests use past prices and leave out spread, fees, swaps and slippage. Past results do not tell you what will happen next.

**Does this make us compliant?** No tool can do that. AlgoBarsX gives you readable rules and records. Your licences, approvals and reporting are still your job.

**What does beta mean for us?** The language works and passes 678 tests on every build. It is still being improved, so some syntax and features may change. Plan for that.

## Important

Trading is risky and you can lose money. AlgoBars is software, not a broker or an adviser. Backtests are hypothetical and leave out spread, fees, swaps and slippage. AlgoBarsX is in beta.