# Strategies

Strategies are evaluated by AI, produce [events](https://references.everstrike.io/ai/events), and trade on your behalf.

A strategy has the following properties:

<table><thead><tr><th width="200.9453125"></th><th></th></tr></thead><tbody><tr><td>Nickname</td><td>A descriptive name for the strategy, chosen by the user at strategy creation time - only used for display purposes</td></tr><tr><td>Markets</td><td>Markets that the strategy covers - any market not in this list will not be considered by the strategy - the more markets selected, the more AI credits the strategy consumes</td></tr><tr><td>Max Trade Quantity</td><td>Maximum USD quantity of orders submitted by the strategy - selected by the user at strategy creation time - users are recommended to start out with a low Max Trade Quantity and scale up as they refine their prompts and become more confident in their AI</td></tr><tr><td>Timeframe</td><td>The timeframe which the strategy operates on - can be anywhere from 1 minute to 1 week</td></tr><tr><td>Evaluation Frequency</td><td>The frequency at which the strategy is evaluated - can be anywhere from 1 second to 1 hour</td></tr><tr><td>Min. Confidence </td><td>Minimum confidence threshold required by the strategy in order to submit orders - traders are recommend to start out with a minimum confidence threshold of 90% and fine-tune as needed</td></tr><tr><td>Prompt</td><td>User-written text prompt which defines the strategy and tells the AI what to do - can be any in any natural language although English tends to yield the best results.</td></tr><tr><td>Status</td><td>Can be either "ACTIVE" or "PAUSED"  - "PAUSED" strategies do not trade and do not consume AI credits</td></tr><tr><td>Creation Time</td><td>Strategy creation time - time at which the user created the strategy</td></tr><tr><td>Model</td><td>The AI model employed by the strategy</td></tr><tr><td>Temperature</td><td>The temperature setting of the AI model employed by the strategy</td></tr><tr><td>Discretion</td><td>Whether the strategy employs discretion</td></tr><tr><td>Cost Savings Mode</td><td>Running the strategy in Cost Savings Mode can reduce token consumption by up to 30% - disabled by default</td></tr><tr><td>Lookback Period</td><td>Number of historical bars considered by the strategy - default is 5 - higher numbers result in increased token consumption</td></tr><tr><td>Trigger Strategy</td><td>When enabled, the strategy triggers a separate, unrelated strategy, instead of trading on its own - can be used to chain strategies together and to create screeners - disabled by default</td></tr><tr><td>Max Slippage</td><td>Maximum slippage tolerated by the strategy</td></tr></tbody></table>

The most important properties to understand are **Prompt**, **Timeframe** and **Min. Confidence**.&#x20;

**Prompt** is a user-written text in natural language (our AI models can handle any language - however, English tends to yield the best results). It defines the strategy and tells the AI what to do. It can include references to the data listed [here](https://references.everstrike.io/ai/supported-data). It has a maximum length of 5000 characters.

**Timeframe** determines the timeframe that the AI considers in its decision process, and the timeframe/horizon of the data that is sent to the AI as part of a query.

**Min. Confidence** is the minimum confidence level required by the AI in order to commit to a trading decision ("BUY" , "SELL" or "CLOSE"). The default minimum confidence level is 90%, requiring the AI to be reasonably certain in its decision prior to placing a trade. Traders can optionally select a lower minimum confidence level, resulting in more frequent trades and a potentially higher error/hallucination rate.

### Timeframes

Strategies can utilize the following timeframes:

| Timeframe | Description |
| --------- | ----------- |
| 1m        | 1 minute    |
| 3m        | 3 minutes   |
| 5m        | 5 minutes   |
| 15m       | 15 minutes  |
| 30m       | 30 minutes  |
| 1h        | 1 hour      |
| 2h        | 2 hours     |
| 4h        | 4 hours     |
| 6h        | 6 hours     |
| 24h       | 1 day       |

### Min. Confidence

Commonly selected min. confidence levels:

| Min. Confidence | Description                                                                                                                                            |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------ |
| 95%             | Very conservative min. confidence level. Use this when you want the AI to be extremely sure about its decision prior to making a trade                 |
| 90%             | Default min. confidence level. Best for most strategies                                                                                                |
| 85%             | Aggressive min. confidence level. Use when you want the AI to trade more frequently and don't mind a higher "hallucination rate"                       |
| 80%             | Very aggressive min. confidence level. Use only when you want the AI to trade very frequently and are fine with occasional errors and "hallucinations" |

### Models

Strategies can utilize the following models:

<table><thead><tr><th width="235.16015625">Model</th><th width="136.51171875">Speed</th><th width="151.5703125">Cost Per Event</th><th>Description</th></tr></thead><tbody><tr><td>GPT-4o-mini</td><td>1s</td><td>$0.000125</td><td>Oldest model.</td></tr><tr><td>GPT-4.1</td><td>1.5s</td><td>$0.0015</td><td>Fast, expensive and powerful model.</td></tr><tr><td>GPT-4.1-mini</td><td>1s</td><td>$0.00015</td><td>Default model. Best for most strategies.</td></tr><tr><td>GPT-4.1-nano</td><td>0.5s</td><td>$0.000075</td><td>Very fast and very cheap model.</td></tr><tr><td>GPT-5-mini-minimal-reasoning</td><td>3s</td><td>$0.0002</td><td>Balanced model.</td></tr><tr><td>GPT-5-nano-minimal-reasoning</td><td>3s</td><td>$0.00005</td><td>Cheap model.</td></tr><tr><td>GPT-5-mini-low-reasoning</td><td>5s</td><td>$0.0004</td><td>Slow and moderately powerful model.</td></tr><tr><td>GPT-5-nano-low-reasoning</td><td>5s</td><td>$0.0001</td><td>Slow, cheap and moderately powerful model.</td></tr><tr><td>GPT-5-mini-medium-reasoning</td><td>10s</td><td>$0.0008</td><td>Slow and powerful model.</td></tr><tr><td>GPT-5-nano-medium-reasoning</td><td>10s</td><td>$0.0002</td><td>Slow and moderately powerful model.</td></tr><tr><td>GPT-5-mini-high-reasoning</td><td>20s</td><td>$0.002</td><td>Slow, expensive and very powerful model.</td></tr><tr><td>GPT-5-nano-high-reasoning</td><td>20s</td><td>$0.0004</td><td>Slow and powerful model.</td></tr></tbody></table>

### Strategy Costs

Strategies consume credits for each [event](https://references.everstrike.io/ai/events) that they generate. Below is a cost breakdown for a strategy that uses the GPT-4.1-Mini model:

<table><thead><tr><th width="191.7734375">Evaluation Frequency</th><th width="287.734375">Events Produced Per Market Per Day</th><th>Hourly Credit Usage Per Market</th></tr></thead><tbody><tr><td>1s</td><td>86400</td><td>$0.54</td></tr><tr><td>5s</td><td>17280</td><td>$0.108</td></tr><tr><td>15s</td><td>5760</td><td>$0.036</td></tr><tr><td>30s</td><td>2880</td><td>$0.018</td></tr><tr><td>1m</td><td>1440</td><td>$0.009</td></tr><tr><td>3m</td><td>480</td><td>$0.003</td></tr><tr><td>5m</td><td>288</td><td>$0.0018</td></tr><tr><td>15m</td><td>96</td><td>$0.0006</td></tr><tr><td>30m</td><td>48</td><td>$0.0003</td></tr><tr><td>1h</td><td>24</td><td>$0.00015</td></tr></tbody></table>