Hi everyone,

Back testing on historical data seems to be vey interesting and useful. It helps traders to find out whether the strategy would be profitable or not, detect the weak point of their strategy and fix them. At the same time, it is quite difficult to find reliable information about back testing. Most of the traders just use demo trading instead of backtesting, but it seems to be so time-consuming, and the results of such testing are heavily influenced by trader`s psychology.

Let`s collect everything related to back testing here: pros and cons, tools, personal experience and ideas.

J_C_Anderson wrote: Fri Dec 14, 2018 4:49 pm Let`s collect everything related to back testing here: pros and cons, tools, personal experience and ideas.

I like your avatar :P

Do most of you guys manually backtest or are you using a simluator of some sort?

ChuChu Rocket wrote: Fri Dec 14, 2018 5:13 pm
I like your avatar :P

Do most of you guys manually backtest or are you using a simluator of some sort?

I use Tradingview to backtest.

ForexinDevon wrote: Fri Dec 14, 2018 7:01 pm I use Tradingview to backtest.

tradingview is a ripoff u actually pay for subscription?? or just use the watered down free version

moey_dw wrote: Fri Dec 14, 2018 8:26 pm
tradingview is a ripoff u actually pay for subscription?? or just use the watered down free version

I pay for subscription. Got 60% off on Black Friday.
Mainly use it for back testing and alerts.

Yeah, I like that avatar too)

As I`m interested in strategies mostly based on TA, I`m looking for somtheing that could make this process simple.
Tradingview seems to be interesting, but now they impose new restrictions on free version. For example, it is impossible now to use multiple charts just by opening several browser windows as it was before.

By the way, is it popular among the traders to use the strategies based only on indicators?
It could be difficult to create a strategy like that, but at the same time it would be easy enough to "explain" such strategy to the machine and create a robot.

J_C_Anderson wrote: Sun Feb 24, 2019 12:19 am By the way, is it popular among the traders to use the strategies based only on indicators?
It could be difficult to create a strategy like that, but at the same time it would be easy enough to "explain" such strategy to the machine and create a robot.

i think is totaly fine to trade just using indicators(i do), you just need to have a good group of indictaor (entry/exit/volume.....) that fit your strategy and can work well togheter,
for the back testing i use MT4, it not the best option but can work if you really be discplined with your choices (don't acting emotionally)