Test the robot
Testing a trading strategy (backtesting) is one of the key processes of developing a Robot. It is done by obtaining information about past trades by examining historical data. The backtesting gives a general idea of the effectiveness of the selected trading strategy.
In short, the main backtesting goal is to demonstrate the effectiveness of a trading strategy. Historical market data is used to see if a similar strategy has worked in the past. And based on the information received, a conclusion is made about how promising the selected strategy is for application in real market conditions.
Test the robot
1. Go to the "Backtesting" tab;
2. Select your robot from the list of robots;
3. Specify a symbol for testing, for example, "EURUSD";
4. Enter the start and end dates for backtesting;
6. Click the "Run test" button.
The testing process will begin
Evaluation of backtesting results
1. Profit for the tested period;
2. Final balance;
3. Maximum drawdown in per cent;
4. Balance curve;
5. Transaction log.
The robot opens and closes positions according to a given algorithm, and errors in backtesting have not been detected.
We have reviewed the basic testing of the trading strategy for the “Hammer” pattern and have made a little profit in 2 months.
It should be remembered that the triggering of any strategy in the past does not give any guarantee of its effectiveness in the future.
Market conditions are constantly changing, and it is necessary to be able to adapt to these changes to trade profitably. Nevertheless, when evaluating testing results, it is useful to be guided not only by numbers but also by common wisdom.
In this section, a whole process of creating a new robot will be described. Following the step-by-step instructions, you will learn to create your first robot in C# programming language, test it in strategy tester and launch it on demo or real account.