Automated Strategies FAQ
How do I activate the strategies?
Watch this video: https://youtu.be/rDQs7IlpVaU
Why do I need Bookmap strategies?
Bookmap strategies are based on the order book and order flow. You will be able to automate your trading and act faster than with manual trading.
How can I test my strategy?
You can run Bookmap in replay/simulation mode and also test it live with a demo (paper money) account.
What is the advantage of Bookmap strategies vs. strategies of other platforms?
Bookmap is very good at dealing with the depth of market data and order flow handling.
These strategies demonstrate the basic abilities of Bookmap API that will be published soon and will allow the users to create more sophisticated strategies. Bookmap provides in-depth analysis of each order which will enable you to zoom in, asses the impact of latency of your strategy performance and improves/update your strategy. You get developer-level algorithms for entry and exit.
Does Bookmap have an API? Can I build my own strategies?
Yes, Bookmap has a Java-based API. If you wish to join the group of Bookmap API beta users, please contact us at firstname.lastname@example.org.
Do you offer custom solutions via the API?
Yes, feel free to contact us at email@example.com for further information.
Why can’t I operate the strategies in real trading?
At this beta stage and in order to test the strategies properly, we decided to disable the strategies from real trading.
Soon, we will complete the beta testing phase and will enable real trading. Please note that you can run it in demo/live mode.
Can there be a conflict between the strategies?
Yes, it is your responsibility to configure the right parameters in a way that there will be no conflicts.
Also, it is important you test your strategy in depth before executing it in a real trading environment.
My order was executed even though the strategy was configured to cancel/escape in such market conditions. Why is that?
Most probably it is because of narrow range configuration, latency and fast market action that swept your order. You can zoom in with the Bookmap chart and investigate.
Can I use the strategies in the Basic package of Bookmap?
Yes. Strategy settings are the same.
Can I apply the same strategy settings to both buy and sell orders?
If I modify the parameters in the strategy while I already have working orders managed by the strategy, will these orders be affected by the change of strategy parameters?
Yes, working orders are affected by the change of the strategy parameters.
How can I tell if the strategy is active or not?
You need to open the strategy configuration panel and activate it.
Can the strategy work on stop order?
No, stop orders are not affected and not managed by the strategy.
Do strategies affect orders that were sent before I activated the strategy?
Yes, once enabled, a strategy will manage all working orders.