|Win Rate (%)
Max Drawdown: 0%
Risk Status: Unknown
This backtesting software is a web-based tool that enables users to test trading strategies using historical data, calculating key metrics and visually tracking account balance over time.
How to use the backtesting software?
To use the backtesting software, kindly follow the three simple steps:
Add the initial account balance and then click on “Set Balance”.
Keep the Profit/Loss mode to Percentage. Then add the percentage of profit or loss on each trade and press the button.
Analyse the graph resulting from strategy backtesting and also analyse other parameters including:
- strategy win rate
- Winning trades
- PnL percentage
Here is the image of backtesting using this tool.
What is drawdown and risk status?
Drawdown is the percentage of amount of losing traders in a row. it tells traders about the chances of losing a capital by using a specific strategy.
in the risk status, the tool will tell either a strategy is risky or not.