Asked & answered
Frequently Asked Questions
Answers to the questions members ask most. Have something else you want to know? Email Carl directly at carl@prorealalgos.com.
It's simple:
1) Get a license
2) Open a free trading account & install ProRealTime™ on your computer (🇪🇺 Europe → IG · 🌍 Outside Europe → Interactive Brokers)
3) Import the algos, decide how much you want to invest, and click Start.
If you're based in the U.S., step 3 is different: instead of running the algos yourself you subscribe to our copy trading service and our trades are copied into your own account. Both routes explained here.
The whole thing usually takes a few hours from license purchase to algos running live. We send full step-by-step instructions once you've got the license.
1) Get a license
2) Open a free trading account & install ProRealTime™ on your computer (🇪🇺 Europe → IG · 🌍 Outside Europe → Interactive Brokers)
3) Import the algos, decide how much you want to invest, and click Start.
If you're based in the U.S., step 3 is different: instead of running the algos yourself you subscribe to our copy trading service and our trades are copied into your own account. Both routes explained here.
The whole thing usually takes a few hours from license purchase to algos running live. We send full step-by-step instructions once you've got the license.
Not much. Once you've imported and started the algos in ProRealTime™, they follow their rules on the ProRealTime™ cloud server, so you don't need to keep your computer on, your internet running, or anything like that.
The main thing you do need is enough capital in your IG or IBKR account to support the position sizes you've configured.
Same on the copy trading route. Once you're subscribed and your sizing is set, the copying runs on its own, whether or not your computer is on.
The main thing you do need is enough capital in your IG or IBKR account to support the position sizes you've configured.
Same on the copy trading route. Once you're subscribed and your sizing is set, the copying runs on its own, whether or not your computer is on.
Not at all. That's kind of the whole point. You don't need to know how to read charts, understand technical analysis, or pick markets. We've written the rules out in code. You pick which ones run in your account, and at what size.
That said, having a rough understanding of how the algos work helps a lot when there's a drawdown (which there will be). We cover all of that in the onboarding material.
That said, having a rough understanding of how the algos work helps a lot when there's a drawdown (which there will be). We cover all of that in the onboarding material.
Not daily, no. Once you have started a system it applies its own entry, exit and risk rules, so you are not at the screen for it.
I'd still recommend checking in weekly or monthly just to see how the systems are behaving (and so you don't get surprised by a drawdown), but it doesn't need babysitting. That's kind of the whole point of automating it.
I'd still recommend checking in weekly or monthly just to see how the systems are behaving (and so you don't get surprised by a drawdown), but it doesn't need babysitting. That's kind of the whole point of automating it.
Ofcourse, that's actually the recommended setup. We suggest running all 24 algos simultaneously, since the whole point of the bundle is diversification across systems, markets, and timeframes.
One algo might be in drawdown while another is making money. Running them together smooths out the equity curve.
On the copy trading route the three algos available there are multi-sleeve, carrying 22 strategies between them, so you get the same diversification from a smaller number of systems.
One algo might be in drawdown while another is making money. Running them together smooths out the equity curve.
On the copy trading route the three algos available there are multi-sleeve, carrying 22 strategies between them, so you get the same diversification from a smaller number of systems.
Yes. You just run them a different way.
ProRealTime™ automated execution isn't available in the U.S., so instead of running the algos yourself, you subscribe to our copy trading service and our trades are copied straight into your own account. Three multi-sleeve algos run there, carrying 22 of our strategies between them. Set your position sizing, click Start, and it needs about as much screen time as the ProRealTime™ route.
Nothing else about the license changes. You still get every algo to import and backtest in ProRealTime™, plus all 600+ indicators, trading edges, statistics and education material. We cover the copy trading subscription.
Both routes explained here
ProRealTime™ automated execution isn't available in the U.S., so instead of running the algos yourself, you subscribe to our copy trading service and our trades are copied straight into your own account. Three multi-sleeve algos run there, carrying 22 of our strategies between them. Set your position sizing, click Start, and it needs about as much screen time as the ProRealTime™ route.
Nothing else about the license changes. You still get every algo to import and backtest in ProRealTime™, plus all 600+ indicators, trading edges, statistics and education material. We cover the copy trading subscription.
Both routes explained here
Up to you. With minimum position sizing, roughly $500 per system is enough to get going, so technically you could run a single algo on a few hundred bucks.
But most members start with around $10,000. That's enough to run several algos at minimum sizing and actually see meaningful results. Anything less and the position sizes get so small the math stops being interesting.
The copy-trading route works differently, because those three systems are index futures that scale into position rather than CFDs at minimum size. On that route you size against the suggested minimum capital figure our copy trading service publishes for each strategy, on the strategy's own page right next to its track record. Add it up for every strategy you plan to follow, and fund the account against that total.
What we can't do is look at your account and tell you whether it's enough. That call is yours.
But most members start with around $10,000. That's enough to run several algos at minimum sizing and actually see meaningful results. Anything less and the position sizes get so small the math stops being interesting.
The copy-trading route works differently, because those three systems are index futures that scale into position rather than CFDs at minimum size. On that route you size against the suggested minimum capital figure our copy trading service publishes for each strategy, on the strategy's own page right next to its track record. Add it up for every strategy you plan to follow, and fund the account against that total.
What we can't do is look at your account and tell you whether it's enough. That call is yours.
Depends on the market and broker, but our systems are built around the minimum contract sizes available on IG and IBKR. So you won't end up in a situation where the algo wants to take a trade your account is too small for, it just sizes down to the minimum.
$500 per system generally covers it.
$500 per system generally covers it.
Yes, we offer a free 14-day trial licence that covers all 24 algos.
With a trial licence you can import every algo into ProRealTime™, read exactly what each one does, and run it over its full history. You decide from that which ones are worth running in your own account, at what size, before paying anything.
With a trial licence you can import every algo into ProRealTime™, read exactly what each one does, and run it over its full history. You decide from that which ones are worth running in your own account, at what size, before paying anything.
Same as tracking any other trading on your account. The trade analytics section in IG or IBKR shows open positions, closed trades, P&L, and the full history.
You can also follow along directly in ProRealTime™, where you'll see the algo's entries and exits plotted on the chart in real time.
If you're on the copy trading route, your copy trading dashboard shows the full trade history for the systems you follow.
You can also follow along directly in ProRealTime™, where you'll see the algo's entries and exits plotted on the chart in real time.
If you're on the copy trading route, your copy trading dashboard shows the full trade history for the systems you follow.
Easy-peasy. Log into IG or IBKR (desktop or mobile) and withdraw any available funds. Usually settles in a few business days.
Just keep in mind you need enough capital in the account to cover any open positions the algos are running. If you withdraw too much the broker will close positions to free up margin.
ProRealAlgos has no access to your account, you've got full autonomy there. We only provide the algorithms (that you decide how, when and if to run).
Just keep in mind you need enough capital in the account to cover any open positions the algos are running. If you withdraw too much the broker will close positions to free up margin.
ProRealAlgos has no access to your account, you've got full autonomy there. We only provide the algorithms (that you decide how, when and if to run).
Your funds stay in your IG or IBKR account. We never see them or touch them.
Both are large, fully regulated brokers with segregated client accounts, meaning your money is held separately from the broker's own funds. Even in the worst-case scenario where the broker went bust, your money is still yours.
Both are large, fully regulated brokers with segregated client accounts, meaning your money is held separately from the broker's own funds. Even in the worst-case scenario where the broker went bust, your money is still yours.
Ofcourse. Pause or stop any system anytime, directly in ProRealTime™. On the copy trading route you pause or unsubscribe from your copy trading dashboard.
One thing to note: stopping an algo doesn't close its open positions automatically. You can either let the algo close them naturally (recommended) or close them manually through your broker if you want out completely.
One thing to note: stopping an algo doesn't close its open positions automatically. You can either let the algo close them naturally (recommended) or close them manually through your broker if you want out completely.
Both. ProRealTime™ works on Mac and Windows out of the box.
And once the algos are started they run on the ProRealTime™ cloud server anyway, so your computer doesn't actually need to stay on either way. There's no mobile version of ProRealTime™, but you can always monitor open trades through the IG or IBKR mobile apps.
And once the algos are started they run on the ProRealTime™ cloud server anyway, so your computer doesn't actually need to stay on either way. There's no mobile version of ProRealTime™, but you can always monitor open trades through the IG or IBKR mobile apps.
Around 10 different markets, mostly major indices like Nasdaq, S&P 500, and DAX, plus a few forex pairs and commodities.
We deliberately stick to highly liquid markets: low spreads, fast execution, no nasty surprises.
On the copy-trading route it is three markets: DAX, S&P 500 and Nasdaq futures.
We deliberately stick to highly liquid markets: low spreads, fast execution, no nasty surprises.
On the copy-trading route it is three markets: DAX, S&P 500 and Nasdaq futures.
Whenever we release an update, the new version gets sent straight to your e-mail. You import it into ProRealTime™ the same way you imported the original. Takes about a minute per algo.
All updates are included for the duration of your license.
All updates are included for the duration of your license.