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good backtesting software

  • #1
  • First Post: Feb 23, 2006 2:57pm Feb 23, 2006 2:57pm
I would like to start backtesting some strategies but I don't know how to do it. Can someone recommend a good platform or software package I could use. Price is somewhat of an issue, but I am willing to spend in order to maximize earnings potential. I'd appreciate any help.
Thanks
PT
  • #2
  • Feb 23, 2006 3:32pm Feb 23, 2006 3:32pm
Quoting pacotrojan
I would like to start backtesting some strategies but I don't know how to do it. Can someone recommend a good platform or software package I could use. Price is somewhat of an issue, but I am willing to spend in order to maximize earnings potential. I'd appreciate any help.
Thanks
PT
Both Tradestation and Wealth-Lab Developer are good for backtesting trading strategies. Wealth-Lab is $650 to buy, and then you have to provide your own data, while I think tradestation is $200 per month, or $100 if you have a $5000 account with gain capital.
Other options are Metatrader and Amibroker, but I don't how good they are. I think Wealth-lab and Tradestation are better, but I guess it depends on your needs.

Bjorn
  • #3
  • Feb 23, 2006 3:53pm Feb 23, 2006 3:53pm
Quoting bjornskinnes
Both Tradestation and Wealth-Lab Developer are good for backtesting trading strategies. Wealth-Lab is $650 to buy, and then you have to provide your own data, while I think tradestation is $200 per month, or $100 if you have a $5000 account with gain capital.
Other options are Metatrader and Amibroker, but I don't how good they are. I think Wealth-lab and Tradestation are better, but I guess it depends on your needs.

Bjorn
Wealth lab seems like a better deal, but how do you provide your own data. Is this another service one has to pay for. I have been on their site but it is somewhat confusing, and it is not specifically aimed at Forex. Is this a hindrance? Thanks, PT.
  • #4
  • Feb 23, 2006 4:09pm Feb 23, 2006 4:09pm
Quoting pacotrojan
Wealth lab seems like a better deal, but how do you provide your own data. Is this another service one has to pay for. I have been on their site but it is somewhat confusing, and it is not specifically aimed at Forex. Is this a hindrance? Thanks, PT.
I know it's not aimed at forex, but its not really a problem. For data, you should consider Forex.DataHQ as they provide intraday data (from FXCM) for a monthly fee which you can get directly into wealth-lab. Otherwise, if you only need end of day data, you can either find that for free somewhere on the net, or pay for it. I guess you get what you pay for, and the quality of the data is not always good. Especially not the free data.

Bjorn
  • #5
  • Feb 23, 2006 7:20pm Feb 23, 2006 7:20pm
Hi,
Quoting pacotrojan
I would like to start backtesting some strategies but I don't know how to do it. Can someone recommend a good platform or software package I could use. Price is somewhat of an issue, but I am willing to spend in order to maximize earnings potential. I'd appreciate any help.
Thanks
PT
I've read lots of post of Metatrader having inaccurate backtest results.

I use Amibroker, $149 Standard version down to 1min periodicity. $229 Pro version for tick data.

Backtesting is accurate and very fast.Decent support. Great user community through yahoo mailing list and message board. With a bit of jiggery pokery you can use the free live Metatrader data feed and link it into Amibroker.

Have a poke around http://amibroker.com/, they have some tutorials.

Best regards
Alan
  • #6
  • Last Post: Feb 24, 2006 2:47pm Feb 24, 2006 2:47pm
Quoting pacotrojan
I would like to start backtesting some strategies but I don't know how to do it. Can someone recommend a good platform or software package I could use. Price is somewhat of an issue, but I am willing to spend in order to maximize earnings potential. I'd appreciate any help.
Thanks
PT
Metatrader is free and for me the best.
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