Is there a backtesting software that is considered an industry standard?

J

john7722

Hi, I would like to backtest and live forward test . I wanna run same indicators on stocks, forex, bonds etc. My tests are rather simple maybe 3-4 indicators , need to use certain candlestick patterns and a lot of IF , THEN scenarios if the pattern has been observed . I can code as well if necessary .

Is there some industry standard soft for retail traders ? It looks like many people use trading view but I think you can run a test only on 1 symbol at a time.

The most ideal solution would be if the soft provided historical data and allowed both back and forward

I use IB for trading.

thank you for your help
 
john7722 said:
Hi, I would like to backtest and live forward test . I wanna run same indicators on stocks, forex, bonds etc. My tests are rather simple maybe 3-4 indicators , need to use certain candlestick patterns and a lot of IF , THEN scenarios if the pattern has been observed . I can code as well if necessary .

Is there some industry standard soft for retail traders ? It looks like many people use trading view but I think you can run a test only on 1 symbol at a time.

The most ideal solution would be if the soft provided historical data and allowed both back and forward

I use IB for trading.

thank you for your help
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Good luck. A few times a year, for 5+ years, I look for software, but most of the popular items, such as Trade Station, do not have the functionality I'd like.

I managed some money as CTA 30 years ago, with own proprietary backtesting /realtime platform, based on Linux, using C++, python, etc. Orders were automatically sent to IB.

Although I used a prior system for futures, it was expanded to carry a portfolio of at least 50 individual stocks, both long & short. I would love to find something to duplicate that.

The only professional systems I've discovered the past few years, would cost close to $100,000 -- and then one would need to add all the particular system coding.

I can't image a system only needing 3-4 indicators (I used between 10 - 30 variables in each system) but if so, I think TS, or similar off-the-shelf system could accomplish that.

I've seen some listings on this site with new systems, that seem to have high functionality, but not only requires an extensive learning curve, but then programmers to customize; my programming ability is very limited.

Have you also searched IB? Not sure where located now, but they use to have an extensive list of third party vendors, including backtesting & RT software.

I will follow this thread.
 
Two institutional offerings we've seen for this include Redline Trading Solutions and Deltix.

However we'd generally recommend you to build it yourself. There are so many simulation edge cases that you can't really treat it as a black box. Shameless plug for Databento: We do it make it easier to build your own simulation by letting you request data of any arbitrary combination of symbols (or all symbols in any given market) and merging all events into an ordered sequence by nanosecond GPS timestamp, and providing a market replay callback, which reads off our binary format faster than any retail backtesting software we've come across.
 
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