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Best Backtesting Software

  • Poll

  • What BackTesting Software are you using?
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  • #1
  • First Post: Sep 30, 2010 1:15am Sep 30, 2010 1:15am
I realized it is crucial to make backtesting before real and live trading. I did some research on forex and found the most popular system.
I have never used any so I would like to find out which one is the best from all points of view: price, demo, options for testing, ease of use, functionality, included indicators and etc.

I also ask you tell me a bit more about your testing experience. Where you take data for testing? How do you begin? What to do next?
  • #2
  • Sep 30, 2010 2:53am Sep 30, 2010 2:53am
Never heard of any of them except for MT4, but I have Forex Tester 2 and it's probably as good as anything. Although there are some bugs that make it slightly annoying to use at times, and it cannot use tick data properly but they should be fixing that soon.
  • #3
  • Sep 30, 2010 2:59am Sep 30, 2010 2:59am
Quoting eurotrash
Never heard of any of them except for MT4, but I have Forex Tester 2 and it's probably as good as anything. Although there are some bugs that make it slightly annoying to use at times, and it cannot use tick data properly but they should be fixing that soon.
AS far as I know forex tester is more charting software. It is a kind of forex simulator, rather than technical analysis back test software.

Anyway, where do you get data? Do this company provide you with it or you use any third-party data?
  • #4
  • Sep 30, 2010 3:07am Sep 30, 2010 3:07am
Quoting FrankSteward
AS far as I know forex tester is more charting software. It is a kind of forex simulator, rather than technical analysis back test software.

Anyway, where do you get data? Do this company provide you with it or you use any third-party data?
Depends what you mean by TA testing software, but you can program your entry/exit rules and run a test on the data. I don't actually use it for that but I guess that's the main point of it. It's got all the popular indicators and stuff. You can also make it play back the data in normal or fast speed as if it were happening in real time. I mainly use it to view old data in small timeframes since MT4 will only show so far back on the 5 minute or whatever.

The company provides the data, about 10 years worth but you can also use data from other sources.
  • #5
  • Sep 30, 2010 3:51am Sep 30, 2010 3:51am
Tried "Forex Strategy Builder"?

It's a (quote): "Visual forex strategy back tester. It uses combinations of technical indicators and logic rules to simulate a trading process with historical forex rates. An included automatic strategy generator enables you to compose a profitable strategy. There are also optimizer, an intraday scanner, and a bar explorer".

It's free software.
  • #6
  • Sep 30, 2010 4:05am Sep 30, 2010 4:05am
Quoting m.m.m.
Tried "Forex Strategy Builder"?

It's a (quote): "Visual forex strategy back tester. It uses combinations of technical indicators and logic rules to simulate a trading process with historical forex rates. An included automatic strategy generator enables you to compose a profitable strategy. There are also optimizer, an intraday scanner, and a bar explorer".

It's free software.
Downloaded and tried this one. Does not like. It is about everything but nothing in particular. However it is much more practical than MT4 and Omega.
As far as I understand we do have 2 more programs now to vote for .
  • #7
  • Sep 30, 2010 4:26am Sep 30, 2010 4:26am
come on guys, the best backtesting software has to be MT4!

Enter Signature
  • #8
  • Sep 30, 2010 4:28am Sep 30, 2010 4:28am
Quoting vosterfxandy
come on guys, the best backtesting software has to be MT4!

I can't get MT4 sort out. I'm stuck in trying to define the EA. I think it is too complicated.
  • #9
  • Sep 30, 2010 4:58am Sep 30, 2010 4:58am
Quoting FrankSteward
I can't get MT4 sort out. I'm stuck in trying to define the EA. I think it is too complicated.
All I can say is, it's an absolute joke.
Enter Signature
  • #10
  • Oct 1, 2010 3:28am Oct 1, 2010 3:28am
Hello all,

if you love the backtesting, please read this:

At least the big difference between Backtest and Forward-Test is noticeable for system developers when they activate a system after a successful development in Live-Trading. Quite often the excellent performance bend in Backtest turns out to be a completely unpleasant bend in the live-operation. So it could happen that a profitable system becomes a loss –maker. We have had this experience as well.
Well, what are the reasons for this?
1. MetaTrader doesn’t recognize tick-data
All the developed steps and decisions are basing on the available and historic data if you are developing a system. But the available data are not tick-data. Many developers believe that they are developing on the basis of historic real passed benchmark data. That’s not the case because MetaTrader calculates Pseudo-Ticks and how they could have been on the basis of 1minute candle with the appropriate High/Low/Open/Close.
Even Scalping systems which appear virtually fantastic in Backtest, fail regularly on this fact. Although of course we are developing our own systems on this basis of available data. Then, after gathering the appropriate forward-test data we either make improvements on that system or decide to reject it.
2. All Backtests are based off the data which had been loaded by Metaquotes Server!
It doesn’t matter which Broker you got. The data in the development is based on the provided data by Metaquotes. The „correct“ data is not available at Forex-Markt but every Broker / Dealing-Desk makes his own prices or rather conveys each prices of the associated banks. In reality this leads to the phenomenon "3 Broker - 3 exchange rates". A system which delivers in Forward-Test at Broker 1 x trades and at Broker 2 y trades is going to deliver at Backtest a totally different number of trades.
3. They work with an established Spread in Backtest
The Spread each Broker has looks, quite often, completely different and is even swaying

Theabove-mentioned text is not from me, is from a professional coder.

Regards
Meta1
  • #11
  • Oct 1, 2010 5:06am Oct 1, 2010 5:06am
That is why you have to use the data directly from the broker you are going to trade with.
  • #12
  • Oct 1, 2010 3:25pm Oct 1, 2010 3:25pm
Forextester was the one I used. Highly recommend it. Works very similar to Metatrader so you'll get the hang pretty quickly.
  • #13
  • Jul 5, 2014 9:04am Jul 5, 2014 9:04am
forextester 2 is the cheapest and good backtesting software because its one time payment only and we can import historical data for popular currencies pair from several years. we can place trades including stop loss and take profit, its just like the real trade to test our strategy. im not very confident backtesting lower than 4hour chart because the market is influenced by high impact news which we can't predict while backtest, i think the safest backtest is by using daily chart.

with MT4, a while ago there is some script to place trade in strategy tester but not very convenient (not like real daily trading),i forgot that. MT4 is focusing to make the real trade easier, not specifically made for backtesting forex market.
  • #14
  • Jul 5, 2014 9:35am Jul 5, 2014 9:35am
I only use Ninjatrader 7 for all my Forex & Futures trading and all backtesting. I just shutdown all my Forex trading on MT4 in the past 30 days so I am done with that platform. Now that Ninjatrader is a Futures brokerage (they bought out Mirus Futures last week) and will be adding Forex to the brokerage soon, the move I made looks like perfect timing to dump MT4 once and for all.

I trust the backtesting data from NT7 and I never really trusted the backtesting data in MT4. No 99% data modeling was not good enough for me in MT4 so I moved to a more robust platform for trading and backtesting.
  • #15
  • Oct 25, 2015 10:06am Oct 25, 2015 10:06am
i have an indicator and tried to run a backtest on mt 4 backtest strategy and every time i run it it says dll not checked have tried on numerous occasions checking the box for dll and still the same problem any suggestions would be helpful
  • #16
  • Oct 9, 2019 7:58am Oct 9, 2019 7:58am
WHAT IS THE BEST BACK TESTING software these days?
is also any good free one ..
Everything flows. Learn to Earn.
  • #17
  • Oct 18, 2019 11:34pm Oct 18, 2019 11:34pm
Quoting ecryptom
WHAT IS THE BEST BACK TESTING software these days? is also any good free one ..
Yes, Zorro.
  • #18
  • Nov 16, 2019 10:07am Nov 16, 2019 10:07am
hi Guys,

I have tested my Ea on Demo account on Mt4 and forward test on two different brokers and i'm pretty happy with the results.

Do you think it will work on a real account in the same way? no news can change the way the Ea works ? no spread ?

Thanks
  • #19
  • Apr 24, 2020 11:20am Apr 24, 2020 11:20am
Quantower platform has a really powerful manual backtester for any markets (Forex, Futures, Stocks, crypto)

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  • #20
  • Edited 9:23am Dec 15, 2020 8:04am | Edited 9:23am
Quoting ecryptom
WHAT IS THE BEST BACK TESTING software these days? is also any good free one ..
Try Forex Tester https://forextester.com/video
Demo account has limited history,
The best thing - the interface is similar to MT4/5 therefore its easy to get hands on and easy to go to MT4/5
The paid version is also kind off affordable. Have a look .
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