# Big-firm tools. Small-firm budget.

> A small or mid-size firm cannot keep a team of developers on staff for every idea. AlgoBarsX lets the people who know the markets build the tools themselves, and lets everyone else read what they built.

Source: https://algobarsx.com/for/small-firms/

## What gets in your way.

- **No dev team** Every change waits for the one person who can code, or for an outside contractor.
- **Key-person risk** If that one person leaves, nobody can read what they wrote.
- **Costs add up** Charting, testing, alerts and automation are often four separate bills.

## How AlgoBarsX helps.

- **Traders build it themselves** Plain-word code, or plain English turned into code with one button. [Read more](https://algobarsx.com/docs/first-strategy/)
- **Anyone can read it** The compiler writes out what each script does. Hand that to a partner, an investor or an auditor. [Read more](https://algobarsx.com/docs/what-is-algobarsx/)
- **One tool, four jobs** The same script draws, tests, alerts and trades. [Read more](https://algobarsx.com/why/)
- **Shared building blocks** Put your common logic in a versioned library. Everyone imports the same one. [Read more](https://algobarsx.com/docs/writing-a-library/)
- **Limits in the code** Daily loss and drawdown caps are lines in the script, not a note on the wall. [Read more](https://algobarsx.com/docs/guards/)
- **$0 a month to start** Open free accounts for the whole team and test real work first. [See time and cost](https://algobarsx.com/savings/)

## 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.

**Do I need to know how to code?** No. The code reads like plain words, it reads itself back in English, and you can type your idea in plain English and press Convert to AlgoBarsX.

**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.

**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.