Rules that are easy to break
A loss limit in a PDF does not stop a trade.
Give your traders real tools with your name on them. Your daily loss and drawdown limits are lines in every strategy they run, so the rule acts when it is hit.
When max_daily_loss is hit, trades close and entries stop until the next day.
Plain-word code, read back in English, tested on past prices and replayed trade by trade.
Fills follow written rules.
A loss limit in a PDF does not stop a trade.
Good hands-on traders often cannot code their own idea to check it.
Most firms cannot fund their own tools.
When max_daily_loss is hit, trades close and entries stop until the next day. max_drawdown pauses the strategy until a person restarts it.
Plain-word code, read back in English, tested on past prices and replayed trade by trade.
Read more about traders test their own ideasFills follow written rules. When unsure, the stop wins. A spent account ends the test.
Read more about honest testingAlerts can watch equity, margin level and today's result, not only the chart.
Read more about account-aware alertsAlgoBars offers a white-label platform for prop firms and brokers.
See white labelGive traders sealed house strategies and versioned libraries.
Read more about shared playbooksCaps 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.
strategy "Language Tour"markets: EURUSD, GBPUSDbars: 15mevaluate: bar_closemax_open: 3max_open_per_side: 2direction: bothopposite: reversepyramiding: 3min_distance: 20 pipsmax_daily_loss: 3%max_drawdown: 10%trade_only: within sessions london, new_yorkNo. They are a strong first line inside each strategy. Keep your own account-level controls too.
No. AlgoBars is software, not a broker. It links to accounts at supported brokers. It never holds money and it does not give advice.
No. Tests use past prices and leave out spread, fees, swaps and slippage. Past results do not tell you what will happen next.
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.
A live walk-through, then free accounts for your team to test real work.
Show me the prop firm platformOr create a free account and try it yourself
Trading is risky. You can lose money. It is not right for everyone.