Henry Crutcher, founder of Equities Lab LLC, pits six backtesting programs against each other, including his own.
Which online backtesting service deserves the individual investor's loyalty? This should be a simple judgment, once the criteria for a good backtesting tool is specified.
Investopedia.com states that backtesting is the process of testing a trading strategy on relevant historical data to ensure its viability before the trader risks any actual capital. A trader can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk.
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