Has a convenient interface, can Backtest strategies and visualize the results of trading.
The next step is to
get hold of some good quality data with which to Backtest your strategies.
In addition, these applications let traders Backtest trading strategies to see how they would have
performed in the past.
In addition, these applications let traders Backtest trading strategies to see how they would have performed in the past.
If not, the data can produce misleading Backtest results and give you a false view of what really happened.
Demo Testing- Once you have passed the Backtest you need to run a forward test on a demo account.
Profit Taker was the
first commercial trading platform that could Backtest trading strategies,
but it offered a single system for which the user only could change parameters.
If you don't include historical members and you run a Backtest on stocks that make up a particular index you will
introduce a hefty amount of survivorship-bias.
In other words, you don't want to know what the PE ratio of your stock is today,
you want to know what it was when the Backtest was run.
If you intend to Backtest an end-of-day mean reversion trading strategy
but only have a couple of years of data available, it's unlikely that you will be able to make significant conclusions from that data.
Overall I quite like the ideas you expose here, but I feel the main point which is the expected return computed from the integration of maximal curve is missing,
as this is what is verifiable in live trading or Backtest.