FAQ

General

• Which trading platforms does AlgoTP work on?
  AlgoTP is an EA that automates trading operations on the MetaTrader 5 & MetaTrader 4 platforms. After testing various brokers in the industry, we highly recommended to open an account with the one below:

  
  Pepperstone Account Type — Razor
  Vantagemarkets Account Type — Raw ECN

• Which currencies does AlgoTP support?
  AlgoTP is a unique EA suitable for the MT5 & MT4 platforms, which supports various currencies, including USD, EUR, GBP, CHF, JPY, and many others.
• Is AlgoTP suitable for beginner traders?
  Absolutely! AlgoTp is an excellent choice for beginner traders, as it helps automate the trading process and avoid the need for manual entries and exits. In addition, the bot will help eliminate the negative impact of psychological biases, test your strategies, and execute trades more quickly and accurately.
• Can you help me choose an initial investment or integrate AlgoTP?
  Yes. Just email our customer service. We will discuss your trading goals, provide additional information, and guide you through the integration process.
• Does AlgoTP require a VPS or dedicated server to run?
  You don't need a VPS for AlgoTP, but it can be a helpful tool for traders who want to ensure that the EA runs smoothly and efficiently at all times. When AlgoTP runs on a computer, it must be connected to the internet and powered the whole time to execute trades. If the computer shuts down, disconnects from the internet, or experiences any other interruption, AlgoTP won't execute trades. A VPS is a remote server that will help AlgoTP run continuously, even when a computer doesn't work or loses its internet connection. You can rent VPS directly from the MT5 & MT4 platforms or use any solid VPS you desire.
• Can I switch between AlgoTP strategies?
  Sure, just inform us via email, and we'll send you the new EA version.
• Are there any requirements for AlgoTP?
  Yes. To use AlgoTP, you will need:

  • Trading Platform: MT5 & MT4
  • Broker: Any, but make sure you trust your broker
  • Account: Hedge Mode
  • Leverage: Minimum 200 but the higher, the better for the strategies
  • Capital: Minimum €500
  • Operating System: Windows Vista, 7, or newer
  • Internet Connection: Consistent and fast connection or VPS (recommended)

  Ensure you meet these requirements before purchasing AlgoTP. If you have any questions or concerns, consult with our customer service.
• What is the historical performance of AlgoTP?
  AlgoTP has been running for more than 5 years and consistently generates profit year by year. In addition, our team of developers constantly optimizes AlgoTP for dynamic market conditions. To look into detailed statistics, proceed through the link below: algotp.com/results/
• What is the difference between AlgoTP subscription plans?
  After many years of experience, we found there are 3 types of traders: Adventurer, Middle, and Calm. That’s why we developed a unique code for each of them. For higher investments, AlgoTP will create a unique package which suits your requirements. Don't hesitate to contact us for more information.
• How to choose the initial investment?
  Before making a decision, we suggest starting with the simulation mode. Consider your own goals carefully, as investing always involves some degree of risk. Do your own research on how you would like to start.