• Is ProQuant free to use?

    ProQuant aims to make algorithmic trading accessible to anyone by being absolutely free.

  • Can I add Funds to ProQuant / Trade With Real money?

    ProQuant doesn’t provide any trading services. It allows users to backtest, generate and run trading strategies as well as automatically execute them if connected to an MT4 account. Connectivity to other trading platforms and brokers will be available in the near future.

  • How to enable my strategy for Automated Trading?

    In order to enable and use automated trading, it’s first required to have a MetaTrader 4 account. To set up the bridge between ProQuant and MT4 please follow this in-depth guide. Afterwards, all you need to do is to turn on the Automated Trading (MT4) option inside the Strategy screen in our mobile app. You can quickly verify which strategies are trading in MT4 by looking for the blue "MT4" badge next to the purple "Active" one in the Running Strategies screen.

  • How does the MetaTrader 4 Bridge Work?

    The MetaTrader 4 Bridge is an Expert Advisor which regularly asks our servers if there are any new signals to execute. It basically copies whatever positions you have in your ProQuant account and executes them in your MetaTrader 4 broker. There may be a couple of seconds of delay, though, so your MT4 positions are not guaranteed to be opened or closed at the same prices as listed in the ProQuant app. Keep in mind that the bridge is only tracking the strategies which are enabled for automated trading.

  • Do I need a Desktop PC to trade automatically with MetaTrader?

    The short answer is "Yes". The "Expert Advisor" MetaTrader feature, upon which automated trading is based, only works in the Desktop version of MetaTrader. You will need a Desktop PC running MetaTrader with constant connection to the Internet. It's important not to turn your PC or Internet connection off, as any signals produced during the downtime will not be executed in your MT broker.

  • Which brokers can I use ProQuant Automated Trading with?

    Any broker that offers MT4 is compatible since ProQuant will be linked to the MetaTrader platform.

  • Are you planning further integrations with other platforms?

    Yes, API connectivity with other trading platforms is coming soon.

  • How does swap work in ProQuant?

    In order to avoid large fluctuations between different brokers’ fees, ProQuant uses an averaged amount from various different sources. Swap is applied every day at 0:00 UTC.

  • Why are my trades in MetaTrader 4 duplicated. Is this normal?

    This issue can occur when the Expert Advisor is placed on multiple charts. Make sure that when connecting ProQuant to MT4 the Expert Advisor is placed on one chart only - it does not matter which one exactly. Don't worry, all your Automated Trading enabled strategies will still work, even if their instrument is different from the one of the chart the EA is applied to.

  • What does “Waiting for signal” mean?

    It means that the strategy is running but waiting for an entry condition to be met in order to trigger a buy or sell signal. This state can take a different amount of time depending on a couple of factors such as Trading Frequency and the entry conditions of the specific strategy. To get an idea of how often a strategy opens positions, you can take a look at the backtest statistics, which include the number of trades made by the strategy during the backtested period. For example, if you run a strategy which has made only 30 trades during a backest period of 1 year, it's likely you'll have to wait for a while before you see it open a position.

  • Why do some strategies take longer to open a position compared to others?

    The frequency of opening a position depends on two main factors:

    1. The Strategy entry rules - they determine the conditions for opening a long or short position. ProQuant will open positions if predefined rules/conditions are met. Let's say you use a "Momentum" indicator with a condition “Momentum rises”, then the moment the Momentum value does rise, the indicator will allow entering a long position. This may take some time because of the current market condition and trends. Also, a strategy can have up to 4 conditions and all of them must be met simultaneously for a position to be opened.
    2. The Trading Frequency - it determines the time interval that the strategy uses to check if the actual market conditions at the moment meet the strategy requirements for acting on a position, e.g. every five minutes, once an hour, etc. So let's say you have a strategy with Trading Frequency of 15 minutes, that means that every 15 minutes the strategy will check if all the conditions are met and if so, a signal for opening will be produced.
  • How much battery does ProQuant use on my Android / iPhone?

    Battery usage while backtesting, generating and running strategies is minimal since our cloud-based backend does all of the heavy-lifting.

  • Will my strategies continue to run even if I close the app/log out/am offline?

    Yes, they will. The execution (and generation) of your strategies happens entirely on our servers. Your phone is simply an interface through which you can easily peek at your strategies' performance and manage them accordingly.

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