Backtesting
Wednesday, February 26th 2020
New Backtester Introduction
ORATS has released a new version of our backtester that is more user-friendly and offers additional features.
Summary
ORATS has released a new version of their backtester that includes a login code for longer sessions, the ability to add notes to backtests, and a new look for the backtest input page with additional features such as bullish, bearish, and neutral categories, days to expiration, and target delta. The backtester can also be used via an API.
We have released a new version of our backtester that is more user-friendly and offers additional features.
The first thing you will notice is that our login now requires a code. This allows us to keep you logged in to the backtester longer, a request from users. You will type in your email and we will send you the code for you to paste into the website prompt.
The Backtest History page now has Favorites. Clicking on the heart next to a backtest will keep that at the top of the list. The Scan button is visible in the Backtest History list and allows for faster scanning to see the trades that match the backtest in the current market. Also in response to users, we have added the ability to include a note describing the backtest. Click on 'Add Note' and type in anything you want.
Create a New Backtest and you will see the new look of the backtest input page. Enter a symbol, or click the 'show advanced options' to enter a list of symbols or symbols with entry and exit dates. We have added bullish, bearish and neutral categories to help you find a strategy to backtest. You can click one or all of the categories to list the strategies.
Next you can enter days to expiration: Enter an target DTE; Enter a minimum; and Enter a maximum. Next enter an target delta with a min and max. You can alternatively use out-of-the money percentage instead of delta. The backtester will choose the option that best meets the target inputs. See this post for more on choosing the best option.
At this point you can run the backtest or choose to edit additional parameters. Additional parameters will be covered in a subsequent post. Note that the backtester can also be used via an API. Check here for more information on the backtester API.
Disclaimer:
The opinions and ideas presented herein are for informational and educational purposes only and should not be construed to represent trading or investment advice tailored to your investment objectives. You should not rely solely on any content herein and we strongly encourage you to discuss any trades or investments with your broker or investment adviser, prior to execution. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Option trading and investing involves risk and is not suitable for all investors.
All opinions are based upon information and systems considered reliable, but we do not warrant the completeness or accuracy, and such information should not be relied upon as such. We are under no obligation to update or correct any information herein. All statements and opinions are subject to change without notice.
Past performance is not indicative of future results. We do not, will not and cannot guarantee any specific outcome or profit. All traders and investors must be aware of the real risk of loss in following any strategy or investment discussed herein.
Owners, employees, directors, shareholders, officers, agents or representatives of ORATS may have interests or positions in securities of any company profiled herein. Specifically, such individuals or entities may buy or sell positions, and may or may not follow the information provided herein. Some or all of the positions may have been acquired prior to the publication of such information, and such positions may increase or decrease at any time. Any opinions expressed and/or information are statements of judgment as of the date of publication only.
Day trading, short term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/ or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. In addition, certain trades may result in a loss greater than your entire investment. Always perform your own due diligence and, as appropriate, make informed decisions with the help of a licensed financial professional.
Commissions, fees and other costs associated with investing or trading may vary from broker to broker. All investors and traders are advised to speak with their stock broker or investment adviser about these costs. Be aware that certain trades that may be profitable for some may not be profitable for others, after taking into account these costs. In certain markets, investors and traders may not always be able to buy or sell a position at the price discussed, and consequently not be able to take advantage of certain trades discussed herein.
Be sure to read the OCCs Characteristics and Risks of Standardized Options to learn more about options trading.
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