Best Forex Backtesting Software - Free Backtesting Software Forex
Portfolio Backtester is a Forex Backtesting Software provided by Fintechee, designed for Backtesting a Portfolio, Backtesting Forex, and Backtesting a Trading Strategy.
Backtesting a portfolio aligns with the concept of Trading Simulation, where advanced traders employ Algorithms for Trading to enhance performance in monitoring market movements or refining Trading signals. The tool implementing these algorithms is referred to as an Expert Advisor (EA). Automated trading involves various types of EAs, such as those based on news events, fundamental analysis, technical indicators, and Artificial Intelligence. It’s crucial to verify the efficacy of these trading algorithms through backtesting before applying them to live accounts, and this is where the Portfolio Backtester proves invaluable.
Fintechee’s Portfolio Backtester accommodates both automated and manual trading, providing flexibility in backtesting Forex. During the backtesting period, users can send orders and add indicators to the charts while an EA may be running. Because Fintechee supports Magic Number, helping traders identify the orders’ sources, traders can analyze whether automated trading is more helpful than manual trading.
By using Fintechee, any data can be imported into the WEB Trader. Fintechee has developed plugins to help users integrate with external resources, such as data API providers and historical data providers. We are confident that Fintechee is the best Forex backtesting software.
Prerequisites
- We need to have at least an “Expert Advisor.” Portfolio backtester is based on algorithms for trading, so we need at least an EA that implements your trading strategy.
- Historical data quotes to backtest your trading strategies.
How Portfolio Backtester is Helpful?
- A good solution to verify whether our trading strategies work or not.
- No need to take any risk. The backtesting Forex environment is a virtual environment that is segregated with a live account. It’s a simulator where you can do anything to verify whether your strategy works or not. It won’t harm your live account at all.
- You can find which instrument’s market movements are more compatible with your trading strategies.
- You can find which timeframe is more compatible with your trading strategies. Trading is separated into different styles: “Scalping,” “Swing,” “Swap Point.” The trading styles are matched by different timeframes. Portfolio backtester can help us find the best timeframe.
- You can find the most appropriate parameters to maximize the profit.
- You can compare all of your trading strategies and get the best choice.
- You can analyze how many funds are necessary to apply your trading strategies.
We provide a WEB-based portfolio backtester feature in our WEB Trader. It’s a unique feature different from the feature that other trading platforms provide. You can only find it in our WEB Trader.
In our tutorial for Forex trading, we introduced how to code an EA and how to start backtesting a trading strategy. Please read this article for more details: Expert Advisor.
Portfolio Backtester Tutorial Video
Optimization
As we are aware, the parameters of an Expert Advisor (EA) may not always align with the current market movements. Therefore, it is essential to optimize these parameters before deploying the EA on a live account. Optimized parameters contribute to maximizing profits and minimizing risks. The tutorial video above provides guidance on how to optimize the parameters of the EA.
For additional features related to backtesting a portfolio in our WEB Trader, please refer to this article: Trading Simulation.
We have published the source codes of the samples on our GitHub repository and the page - SDK Trading. You can review the source codes of the samples there. If you have any questions, please do not hesitate to contact us.
