Backtester

With Edgewonk's backtester tab, you can easily test new strategy ideas to evaluate their effectiveness.

Watch our short explainer video:

To open the backtester tab, select it in the left menu bar under Strategy Lab > Backtester.

By clicking the green "+ Add More" button at the top, you create a new backtest.

Each backtest has an editor area.

We recommend writing down the strategy idea and the rules that you are about to backtest here. This will allow you to easily understand the backtest you performed when you come back to it at a later point in time.

When you create a new backtest, 10 empty trade slots are created. You can add more trade rows by clicking the blue plus icon.

Each row has 2 outcome columns. The idea behind the different outcomes is that you can immediately backtest 2 variations of a strategy.

For example, you can backtest and compare the effectiveness of different stop loss placement techniques, trade management ideas, target placement variations, etc.

The outcome does not require a specific unit. You can enter the theoretical outcome of your backtested trades in terms of R-Multiple, currency profit/loss, or percentage gain.

It's totally up to you and you can choose the approach that is most intuitive to you.

Below, the two graphs will start updating as soon as you enter your first backtested trades.

Underneath the graph you find a summary with the most important backtest metrics.

The slash (/) separates the results for outcome 1 and outcome 2.