Backtesting

This is a discussion on Backtesting within the Trading Software forums, part of the Commercial category; I am looking to back test some ideas I have but I have absolutely no idea what software to use? ...

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Old Aug 6, 2008, 8:36pm   #1
Joined Jun 2008
Backtesting

I am looking to back test some ideas I have but I have absolutely no idea what software to use?

I know Ninjatrader has a backtesting facility but I dont know if I will be able to utilise this feature for free?
I have little knowledge in this area so any advice anyone has would be greatly appriecated.

cheers
CR
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Old Aug 6, 2008, 9:53pm   #2
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take a look at tradestation
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Old Aug 6, 2008, 9:58pm   #3
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cr6196 started this thread thanks, but i am trying to find out what options i hvae without paying for anything as i am not currently trading and running under a budget lol

CR
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Old Aug 6, 2008, 10:03pm   #4
 
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If you're trying to test a mechanical system excel will do the job. Not the easiest way of doing it but if you've got excel already it's the cheapest. Mind you, if you're going to work with intraday data you'll probably want to use excel 07 to make life a little easier.
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Old Aug 6, 2008, 10:27pm   #5
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cr6196 started this thread Thanks, i was considering that so i might give that a try, i fear it might get complicated tho.

Have you attempted this yourself? Any tips?

CR
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Old Aug 6, 2008, 10:49pm   #6
 
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Aye. I use excel for all my backtesting. You'll find that a reasonable understanding of VBA will get you a long way; without it using excel for backtesting isn't really worthwhile.

If you don't currently have a decent level of understanding of VBA I'd suggest getting Ninjatrader and learning to use it. As far as I'm aware you only have to pay for it if you're using it for live trading.

As far as excel tips go I'd say use the OFFSET function liberally; it makes trying different settings for things like MACD, RSI etc. much, much easier.
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Old Aug 7, 2008, 8:53am   #7
 
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Quote:
Originally Posted by cr6196 View Post
I am looking to back test some ideas I have but I have absolutely no idea what software to use?

I know Ninjatrader has a backtesting facility but I dont know if I will be able to utilise this feature for free?
I have little knowledge in this area so any advice anyone has would be greatly appriecated.

cheers
CR
For £100 you could purchase Amibroker.

It's not "easy" program but if you have an understanding of Excel formula's then it's relatively easy to learn.

I used Excel because that's what I knew, but I'm really glad I made the switch to Amibroker.

Cheers,
UTB
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