Traders create algos on the basis of some underlying hypothesis. Once created there needs to be a way to test and validate the hypothesis out. Backtesting helps you validate if your strategy is working as expected.
Once a strategy is created, running a backtest is easy.
1. Click on backtest
2. You can then select the
- Candle period
- Time period
to run the backtest. These parameters differ from market to market.
3. Once you run the backtest, it will take a few secs for the backtest to complete
4. You can check a summary of the results directly once the backtest result is finished
5. To view details of a backtest click on the 'view details' icon
Once you are satisfied with the results of the strategy, you can further test the strategy on paper trade.