What is Backtesting?
TradeZella's Backtesting feature is a robust tool for traders to simulate and analyze their strategies using historical market data.
Users can set parameters like starting balance, trading pairs, and date ranges to recreate specific scenarios. The platform allows the execution of orders, application of stop losses, and setting profit targets for a detailed analysis of past performance. With intuitive controls, including play, pause, and speed adjustments, traders can navigate through backtesting sessions at their preferred pace.
The "Go to" feature facilitates precise jumps to specific trading sessions. Results are visually represented on the chart, displaying entry/exit points, profit targets, and stop losses. Integration with TradeZella's journal feature enhances analytical capabilities, allowing traders to log, tag, and review backtesting sessions alongside live trades.
Video overview of our Backtesting Feature
Step-by-Step Breakdown:
Go to TradeZella.com
On the left-hand side navigation, Click “Backtesting”
You will see our backtesting page, this will either show your sessions or our main page.
Next, click “Create Backtesting Session”
Now it’s time to “create a new session”
First step, we need to give the session a “name”. (This is a title you can always refer back to within TradeZella)
Now, “add a description”. (This could be more detail about the session your creating)
Then, select which “playbook” you would like to link this session to. You can also create a new playbook.
You will then need to select which “Type” you would like to backtest. (As of now, we only support Forex)
Next, select a “symbol” (This is currently limited to only forex symbols e.g currency pairs or select indices. You can also only select one symbol at a time as of now)
Now, enter your “Starting Balance” (This means your starting account balance in this session)
Then, select the “date ranges” you wish to backtest. (As of right now, you can only go back to 2011)(This means, the session start and end time. What period of time do you want to test this strategy for?)
Finally, click “Create Session”
You will now see that your session has been generated here:
Need assistance? Reach out to our Customer Support team on support@tradezella.com