Question
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Is there any good backtesting software?
10 Answers
<p><br> If you are looking for some well known EoD trading strategy (such as RSI based, MFI based, MACD based etc) for Indian market, you will find it in android app “Stocksteer”, where you can look into backtest result and evaluate historical performance of these strategies.</p>
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<p><br>There are software such as metastock, ninjatrader, amibroker which provides backtesting framework. you can write algo/trade strategy then backtest it, including walk forward test, montecarlo simulation etc. Its kind of iterative process till you find you strategy is working fine historically, before going live.</p>
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<p><br>I do not recommend doing it the easiest way, so forgive me that I do not answer your question as is. Instead I would strongly recommend that you do the backtesting manually, preferably on the graph. You can do it in excel. By backtesting manually you will gain a lot of what amounts to actual trading experience and will see when and how your strategy makes profits and when it goes underwater. If you’ve backtested your system by hand you will know intimately if what’s happening in a live trade is normal or abnormal for your system. This allows you …</p>
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<p><br>Financial backtesting is a tool. I have mostly used two fundamental backtesting platforms - ClariFI and Portfolio123. ClariFI is institutional grade, the other is just a little bit below that. But the cost of institutional grade software and data can quickly cost you $10 - $25K a month as opposed to $100 - $160 per month. The drawback is that the standard data is daily - so this isn’t very useful for HFT or intra-day strategy testing.</p>
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<p id="isPasted">Backtesting frameworks are available in software such as Meta Stock, Ninja trader, and Ami Broker. Backtesting an algorithm or trade strategy includes forward walk tests, Montecarlo simulations, etc. Until your strategy works historically, it's an iterative process.</p><p>If you are looking for some well-known EOD trading strategies (such as RSI based, MFI based, MACD based, etc) for the Indian market, you will find them in the android app “Stocksteer”, which lets you see the historical performance of these strategies and look at backtest results. </p>
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