Cloud actions
Actions represent any operation you initiate with the cloud platform, and they are the standard usage units on the cloud platform. The more actions you use, the less you'll pay per action.
We refer to Tradologics as the Cloud Platform for Traders. So when it was time to come up with the pricing model for Tradologics, we instinctively looked at other Cloud platforms’ pricing.
We didn't like what we saw.
So, we decided that instead of driving you crazy with different pricing for data, servers, ingress/outgress traffic, and other features – we will normalize everything into an “action”, which is the standard usage unit on the cloud platform.
Actions are the basic units we use to measure platform usage. It represents any operation you initiate with the cloud platform.
This includes:
- Every API call you send
Order Status Tradehooks are an integral part of Tradologics and there is no way to "opt-out" of them. As such, they are not considered “operations you initiate with the platform” and will not count towards your action usage.
Cloud actions are priced per 1,000,000 actions per month. An "always-free" tier is also available, and, as mentioned above, the more actions you consume, the less you'll pay per action.
As an example, here is the tiered pricing structure for our pay-as-you-go plan:
Actions/mo | Price |
|---|---|
First 100,000 | FREE |
100,001 – 5,000,000 | $14 /1M actions/mo ($0.000014 /action) |
5,000,001 – 50,000,000 | $12 /1M actions/mo ($0.000012 /action) |
50,000,001 – 100,000,000 | $10 /1M actions/mo ($0.00001 /action) |
100,000,001 + | $8 /1M actions/mo ($0.000008 /action) |
You can save up to 50% with one of our subscription plans and enjoy more predictable pricing and access to all features while paying less.
Not sure how many actions you need? Here are some real-world scenarios to help illustrate a monthly action use:
You backtest a strategy using 20-years worth of EOD data. Over the life of the backtest you submit 1,000 orders.
In this scenario, you'll have:
- 5,040 actions for data push (based on 252 days/year x 20 years)
- 1,000 actions for submitting orders (API requests)
This backtest will consume a total of 6,040 actions.
You backtest a strategy using 20-years worth of 5-minute data. Over the life of the backtest you submit 1,000 orders.
In this scenario, you'll have:
- 604,800 actions for data push (based on 10 hours/day)
- 1,000 actions for submitting orders (API requests)
This backtest will consume a total of 605,800 actions.
You're trading an "opening gap" strategy using two trades every day (entry/exit). Each order size is $2,000.
In this scenario, you'll have:
- $88,000 monthly trading turnover (two $2K trades/day x 22 days/mo)
- 66 actions for data and order submission (2 API requests/day + 1 Tradehook/day)
Trading this strategy will have $88,000 monthly trading turnover.
Last modified 1yr ago