It seems you can't get past the one issue about the amount of time it takes to run a backtest using The BAT Tester. When we use the term "tick data" we refer to the data used during a backtest that pinpoints entries and exits to the exact tick (price). From our partners at Trade-Ideas website:
"Tick data refers to any market data which shows the price and volume of every print. Additionally tick data often includes information about every change to the best bid and ask. The most common alternative to tick data is candlestick data. Although the charts may be drawn different ways, it is common to compress tick data by grouping the ticks into candlesticks. This compressed data is more commonly available than tick data because it requires significantly less memory, bandwidth, disk space, etc. In addition to the computer hardware involved, most people can only take in a limited amount of tick data at one time.
Tick data is essential for certain types of analysis. Our software requires tick data primarily to separate the noise from the real trends."
More on The BAT Tester, powered by Trade-Ideas:
The âBAT Testerâ is not a green light â âbuyâ; red light â âsellâ black box system. It does not attempt to predict the future price of stocks. It also does not replace a traderâs ability to manage risk in the form of money management, position sizing, etc. What it does do is help a trader figure out which BAT System strategies that a user creates is a high odds strategy of success â one way we define success is a strategy thatâs most in tune with the market and demonstrating more winning trades in recent days than losses.
Think of watching poker on ESPN and the ability to see the probablity of what the poker players are holding and who has the better chances of a winning hand. The information is not a guarantee of winning but it does gives you a better idea of what to do â stay in or fold.
How is the The BAT Tester different from TradeStation, MetaStock, Wealthlab, or other products that let you backtest strategies?
These products generate their share of followers and are good tools for a particular type of trader that prefers creating formulas and programming detailed code with which to test strategy. These tools are difficult to use and frustrate most people who canât get past the manual. We understand how hard it is to program and backtest. We avoid this approach that uses a micrometer to measure a mudpuddle. The BAT Tester's strength is in its simplicity to use - a design mantra we always adhere to.
Additionally in those products you test 'single securities or complete portfolios'. The BAT Tester evaluates the entire market, meaning multiple stocks at the same time. Right away you will know if your strategy set-up produces high probabilities of winning trades given the current and most recent market conditions.
We stand behind our claim that The BAT System allows traders to develop, backtest, and autotrade advanced algorithims without any programming experience. There have been no false, misleading, or unethical claims. Again, we invite you to either email/call/PM us your email and phone number and we will be happy to walk you through a demo. During the demo you will see the ease of creating, backtesting, and autotrading strategies.
