Backtesting question
- Thread starter PaulRon
- Start date
I'm using Openquant, it's the best, by far, I've ever used but learning it in a couple of months, maybe if you are a C# programmer already. Your question might better be stated as "what can I get up and running and master in a couple of months" and I don't think there is a good answer to that one, maybe one of the "point and shoot" varities where you can use built in functions and it requires no programming.
(You won't like this...but)
IMO, backtesting is of little or no value. I might tell you what "won't" work, but it in no way can tell you what "will" work. Same with papertrading...other than helping to learn how to use the mouse and keyboard, pretty much worthless (like playing poker for matchsticks).
There is too much peripheral data/action going on that cannot be put into any sort of back test. You can't program in PREM/DISC to FV at certain points during the day, you can't know news items, earnings information (at least the reaction to earnings, etc.)... and a zillion other factors that make all the difference in the world.
If you think you have a "system" - try it, if you make money, continue...if you don't then stop.
FWIW,
Don
"Best" depends on trading style and personal preferences. Consider reviewing several packages that offer free trials to help find one that suits you.
A search of Elite Trader -- using keywords "backtesting software" -- will produce enough hits to give you a decent start on narrowing the field to a few for further review.