Your Questions answered
What is Algo Trading?
Put quite simply, Algo Trading is… a set of rules and conditions that are programmed into a computer. If the conditions are met the computer will execute a trade on your behalf. click here for more information.
Why should I start Algo Trading?
Algo trading allows you to…Â
- Execute your trades at the best possible prices.Â
- Place your orders instantly with accuracy.Â
- Avoid significant price changes because you can’t react quick enough.Â
- Automatically checks on multiple market conditions simultaneously.Â
- Reduce the risk of manual errors when placing trades.Â
- Backtest your strategy using available historical and real-time data to see if it is a viable trading strategy.Â
- Reduce the possibility of mistakes due to emotional and psychological factors.Â
What are the key features of the Tekton Algo Trading tool?
Tekton is like having your own Pocket Quant to create a strategy, backtest it and tweak it before you start trading. It has been designed to make it easy to build and test strategies.  So that you manage risks and your money, the tool includes features to discipline and make trades in an emotion-free way.   
What is Backtesting?
This is a way of testing how your strategy would have performed in the past based on historical dataÂ
Why is Backtesting useful?
Backtesting is a great way to gain confidence in your strategy. If it has performed well in the past there is a good chance it will perform well in the future and means your perceived risk is lower when you do trade your strategy with real money.Â
I have never traded before, will algo trading be too hard for me?
We have made it so that all traders, beginners and experienced, can easily access opportunities and meet personal trading goals using Tekton.  Â
Our Learning Hub has a range of resources to help you build your knowledge as you design strategies, test them and live trade. We are here to ensure your trading journey is successful by providing simple to understand learning resources. To find out more visit the Learning Hub (Link) Â
Will I need to have coding skills to algo trade?
No. Since Tekton Algotrading builds the code you don’t need to have coding skills. This is one of the key benefits of using Tekton versus other algo trading tools currently on the market.   
Is Tekton compatible with my brokerage trading platform?  
Compatible with established trading platforms – cTrader and xOpenHub to date. More to follow.Â
This allows you the seamless placement of trades via Tekton Algotrading so there is no need to import or export programming code.  
Can I use Tekton on my mobile phone?
Yes you can. Tekton works on all devices. The markets don’t sleep and neither does Tekton, with the ability to check your trades on any device with internet access.    
I don’t have a brokerage, can you recommend one that provides Algo Trading?
Yes. We have excellent partnerships with brokerages using cTrader and XOpenHub trading platforms. If you are looking for a brokerage to start Algo Trading, you can find our current list of brokerages by visiting (brokerage page link)Â
What is a signal and why do I need it?
A signal is an alert you can set on strategies you have created which are sent to your mobile anytime your programmed condition is met.   Â
Signals give you the control to view a possible trade before you are comfortable to commit to a live trade. Currently the signal feature allows you set up as many alerts as you like. Â
What is the Tekton Community and why should I join?
The Tekton Community is a group of people, human beings who share investing and trading as a common interest. Community members are connected to the goal of successfully contributing to their personal goals as well as to give back to society. Register with Tekton and meet like-minded people to support you in your trading journey.Â
What is the cost of Tekton?
If you’re a cTrader user it costs €40/Month, €110/Quarter, €200/Half Year or €380/YearÂ
If you’re a XOH user it is free through the brokerages in the signup pageÂ
