Backtesting software for stock and CFD traders
Here’s an article for traders who actually backtest trading systems.
It’s all about using Metastock and Tradesim.
Here’s an excerpt:
MetaStock And TradeSim are pretty handy backtesting software for stock and CFD traders.
For those that aren’t familiar with them, they’re used together to design and backtest stock or CFD trading systems.
They’re not the cheapest software around, but they do produce very good outputs in terms of reporting, and there are other advantages as well, which we’ll discuss here.
A lot of people ask about whether this or that software is better for backtesting trading systems with. For example, “Is MetaStock and TradeSim better than WealthLab?” is a pretty commonly asked question.
We’ll try to list their features here that may help traders decide which to go for and what software does or doesn’t do.
Firstly let me start off by saying that all software for backtesting is as good as the systems that are tested, how accurately commission and other transaction costs are entered by the tester, and how appropriately the settings for risk management and settings for taking pyramided or non level zero trades etc are set by the person.
Continue reading at:
http://www.thecfdtrader.com/metastock-tradesim.php
The article describes backtesting CFD trading systems