Hi Option Traders,
I am going to backtest my option trading strategies but not a coding guy, I am looking for platforms which are easy to use, versatile, having built-in metrics like Sharpe ratio, Sortino, maximum drawdown, win ratio, etc. and be able to access the historical data. Any recommendations, with the pros and cons, are welcome.
Thank you!
Hi Jeff, my firm ORATS offers an online backtesting platform that meets your specifications.
Pros:
Flexibility: From Long Stock to Iron Condors, from combining strategies to using triggers to trade, the backtester can test the vast majority of ideas we have heard in 10 years of backtesting.
Depth and Quality Data: All US equity options symbols back to 2007 including indexes SPX and VIX, with quality ORATS smoothed greeks and data cleaning.
Trade Triggers: Enter or exit your trades based on earnings dates, technical indicators, options indicators, profit stop loss/gain, spread price percent of strike width reached, and many more.
Backtest Report: Features annualized returns, Sharpe, Sortino, win%, best/worst month/year, and the ability to download trades and results.
Scan Integration: Once you have a backtested strategy, you can scan to find options meeting your entry or exit criteria in the market.
Cons:
We do not offer intraday data. We use near end of day data, snapped at 14-minutes before the close to backtest.
We offer special pricing to EliteTrader users that is 50% off our normal $99 per month
here.
If you need help or want to see a sample of our backtester on your strategy post here or email me at
matt@orats.com.
