Could someone please recommend a FREE backtesting software?

Brokers
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I tried ThinkTrader, but it does not seem to give forex when I try to change the symbol, and I can’t seem to locate anything else for free.

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Here are some free options for backtesting software that you might find useful:

MetaTrader 4 or 5: These versions of the popular forex trading platform include a built-in strategy tester. This tool lets you backtest different trading strategies using historical data.

Quantopian: Quantopian is a free, cloud-based backtesting engine where you can create, test, and refine your trading algorithms. It provides extensive historical data and has a helpful community.

TradingView: TradingView offers a free version of their software with a backtesting engine. It’s very user-friendly and has a strong community. However, the free version limits the number of indicators and alerts you can use.

Backtrader: This is an open-source, Python-based platform for backtesting strategies with historical data. It’s very customizable and versatile.

AlgoTrader: This platform allows you to build, backtest, simulate, optimize, and execute algorithmic trading strategies. While it’s a commercial product, they offer a free tier for testing purposes.

NinjaTrader: NinjaTrader is a free-to-start trading platform that offers advanced charting, strategy backtesting, and trade simulation.

Keep in mind that while these tools are free, some offer premium features at a cost. Also, remember that backtesting is useful, but past performance does not guarantee future results.

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Start backtesting for free with Tradewell—a great tool for investors. It’s a no-code solution that helps you make smart, evidence-based trading decisions.

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TradeStation 5. In this manner, you can program a bot to backtest your system for you or have access to a large amount of historical data for human backtesting. Everything at no cost!

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Finding free forex backtesting software is tough. Here’s the rundown:

  • Try Free Versions: Check out MT4/MT5’s built-in testers or TradingView’s free tier for basic forex backtesting.
  • Explore Alternatives: Consider free trials of paid software or paper trading (simulated trades) to test your strategies.

Focus on free options first and see what works for you before considering paid ones.