Back Testing Software or Websites?

Trading Systems Free Forex Trading Systems
1

Hi all,

I’m a newbie here obviously and I’m still trying to find a system/style that really fits me well and works too.

I was wondering where I might find good free software or if there is a website that I can back test my trading system/style on. If anyone has any suggestions or could point me int the right direction, that would be great.

Thanks.:slight_smile:

2

So I figured out how to work Forex Strategy Builder

It is still quite limited.

For example you can’t set SL or TP. Or trailing stop loss.

Also the system allows you to move only in 1 direction, so for example go long if price breaks 34 day EMA and close when it reverses, but what about shorting when it breaks beneath 34 day ema?

This it can’t do.

But the biggest problem is the Stop losses. Look at the statistics and note that they always have “minimum account” -XXX pips.

This indicates that the software has no stop losses and at some point your system went to 0.

Well since I risk 1% each trade my account experiences exponential decay, (meaning losses decrease with draw down) and any profits fuel exponential growth.

I am not sure this software is all that useful , especially if you trade chance based systems. (See “Lets do an expirement part 2” thread for a running demo trading analysis of several such systems).

3

Pip4me,

I use TradeStation. It’s NOT free, but i think the best one out there.

Let me know if you have any questions about it.

thanks.
:slight_smile:

4

Here are a few platforms offering forex trading system development and backtesting: MetaTrader (free), TradeStation, Strategy Runner -

7

Hi pips4me,
I use forex tester for all back testing. Its once again not free.

8

Is it better then tradestation or metatrader?

9

Unfort cannot say as not real familiar with either of the others at the moment.

10

I think TradeStation is the best one . Everyone must try it aleast one.