FAQ

Which confidence threshold should I use for my strategies?

90% minimum confidence works great for 90% of strategies. It is recommended to start out with this and fine-tune as needed. Some strategies can benefit from a lower threshold (85% or 80%), but they are in the minority.

Which order quantity should I use for my strategies?

To ensure that your strategies behave as they should, it is recommended to either:

1. Start out with a very low order quantity (e.g. 10 USD)

2. Run your strategies on the Everstrike Testnet

By testing your strategies with minimal risk, you avoid any unpleasant surprises.

Which timeframe should I use for my strategies?

There is no rule for this. It depends entirely on you. Lower timeframes tend to result in more frequent trading and tend to be associated with a shorter holding period.

How many strategies can I run simulatenously?

10.

How many markets can I run strategies on?

All of the markets available on Everstrike. However, you can only select 3 markets per strategy, so a maximum of 30 markets can be watched by the AI simultaneously.

What is the strategy nickname? Does it matter?

The nickname is only used for descriptive purposes and for associating events with strategies. It does not impact the strategy in any way.

What data can I reference in my strategy prompt?

See Supported Data.

How much does it cost to run a strategy?

See Strategies.

A strategy using the default model (GPT-4.1-Mini) will consume $0.00015 per event produced. Such strategy may produce 1-3600 events per hour, depending on the evaluation frequency that you choose, and the number of markets that you include in the strategy. This translates to an hourly cost of $0.00015-$0.54 per strategy.

How can I manage my risk while using strategies?

You can include a maximum position size in your strategy prompt.

Example prompt:

• "Buy the dip on BTC. Maximum position size: $3,000"

The AI will respect any position size limits that you provide it with.

You can also use a small strategy quantity / order quantity (recommended when starting out).

When does my strategy start trading / produce events?

For all models and evaluation frequencies, an event will be produced at most 20 seconds after creating the strategy. This event may lead to a trade, if the confidence of the AI surpasses the minimum confidence level specified in the strategy.

You can track your events through our frontend UI and through our API.

Do paused strategies consume credits?

No. Paused strategies do not consume credits. Strategies only produce events, trade and consume credits, while they are active.

How can I add more AI credits?

Fund your account with at least 5 USD (or equivalent in USDC/USDT).

Once your account has been funded, AI credits will be deducted from your USD balance as you consume them.

Which languages can I use in my strategy prompt?

Any commonly used natural language. For example, you may use English, or Spanish, or Norwegian. The AI is able to parse and interpret strategies in most languages.

How can I get answers / reasoning in my native language?

Simply specify that you want the AI to reply in your native language inside your strategy prompt. By default, it will reply in English.

How can I minimize AI errors / "hallucinations"?

Ensure that you use a minimum confidence level of at least 90%, a temperature of 0 and that discretion is disabled.

The hallucination rate for strategies with a minimum confidence level of 90%, a temperature of 0 and with discretion disabled is significantly below 0.1%.

Can I ask the AI to close my position?

Absolutely. Just specify the conditions that must be met inside your strategy prompt.

Example:

• "Buy the dip on BTC. Close position when the dip is over."

You can also ask the AI to maintain a specific position size and it will generally respect this and keep your position size below the threshold.

What are the limitations of the AI?

Limitations of the AI:

• It does not have knowledge of data not specified here.

• It cannot do visual chart analysis

Is the AI suitable for high frequency trading?

The lowest evaluation frequency for strategies is 1 second. This frequency produces events/decisions at a frequency of 1 second.

While this is suitable for mid frequency and low frequency trading, it is not suitable for high frequency trading, which requires a much shorter event generation frequency, and can be very costly in terms of credits consumed.

Everstrike may introduce very short evaluation frequencies, such as 100ms and 10ms (100 milliseconds and 10 millisecond) in the future, which would narrow the gap between what is possible with the AI on Everstrike and what is required for high frequency trading.