Backtesting software
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  1. #1
    Join Date
    Dec 2006
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    1

    Default Backtesting software

    Can anyone recomend me a software for backtesting forex trading systems?

  2. #2
    Join Date
    Dec 2006
    Location
    Washington
    Posts
    213

    Default Hmm...

    I can't recommend any software that would help you back-test for that I have not used any software in such a manner. (as in back-testing automation) However, I think it is best to back-test systems manually. You then get a feel for them and in the long run I think this helps you better understand the method. Did I mention back-testing manually is tons of fun?

    Instead of spending your energy looking for a shortcut just test it yourself, bet it would be quicker for you to back-test it yourself opposed to finding out a way to do it automatically.
    Last edited by swordofrue; 12-21-2006 at 08:34 PM. Reason: forgot!

  3. #3

    Default Manual back-testing

    In the SCHOOL section of the babypips website under "Six Steps to Setting Up Your System", there is a tip on 'How to Test Your System'. It says:

    "The fastest way to test your system is to find a charting software package where you can go back in time and move the chart forward one candle at a time. When you move your chart forward one candle at a time, you can follow your trading system rules and take your trades accordingly."

    I would very much like to test my system this way but am having difficulty finding a program that will allow me to go back in time and move the chart forward one candle at a time. Can anyone recomend any? (It would be best if it were free also. )

    Thanks
    :-)

  4. #4
    Join Date
    Dec 2006
    Location
    Colorado, USA
    Posts
    142
    Check out forextester.com

  5. #5
    Join Date
    Dec 2006
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    Wichita Falls, TX
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    2,805
    Quote Originally Posted by aquamarine View Post
    I would very much like to test my system this way but am having difficulty finding a program that will allow me to go back in time and move the chart forward one candle at a time. Can anyone recomend any? (It would be best if it were free also. )
    You could do it in Excel, if you have those skills. Not many folks do, though.

    I've never do a step forward like that, but I have used Excel a lot in backtesting because I feel like I can drill down in to the data better than in something like Metastock (which I also use).

  6. #6
    Join Date
    Feb 2007
    Posts
    6

    Default Backtesting software

    Check out ForexInterbank's simulator.

  7. #7
    Join Date
    Jan 2007
    Posts
    85

    Default backtester programs

    esignal lets you back test. but i don't think it's free.

  8. #8
    Join Date
    Dec 2006
    Location
    Barcelona
    Posts
    197
    You should probably check out wealthlab, genesis ft and tradestation - these are the big names in trading system development to my knowledge.

  9. #9
    Join Date
    Sep 2008
    Location
    Hawaii
    Posts
    3
    Definitely Forex Tester, it is the only forex backtesting software I use. It has a one time fee, and free historical data. The program is loaded on your computer, so you don't have to be online. I use on my Mac with VMWare Fusion and it works great.

  10. #10
    Join Date
    Jan 2009
    Posts
    107
    Quote Originally Posted by caski2 View Post
    Can anyone recomend me a software for backtesting forex trading systems?
    My only recommandation would be Metatrader. But if you really want to test your system and to see if it is really reliable, I advise you to build an EA out of it.
    An EA will always follow your rules during the backtest, what you will not certainly not since you know what happen next...and emotion, memories ect....
    Take a step forward and enter in the word of automatic trading and backtesting.

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