Introduction
In the realm of systematic trading, the ability to backtest multiple strategies simultaneously is crucial for developing robust and diversified trading systems. RealTest, developed by MHP Trading, offers a comprehensive solution. It assists traders in modeling, testing, and optimizing diverse trading strategies within a unified platform. This article explores the key features, benefits, and user experiences associated with RealTest.
Key Features
- Multi-Strategy Backtesting: RealTest enables users to combine various strategies—long/short positions, different strategy types, multiple markets, and varying bar sizes—into a single portfolio. This facilitates comprehensive analysis and diversification.
- Detailed Results Analysis: The platform provides in-depth analysis tools. It allows users to drill down into individual strategy results, study various graphs, and review trade lists both in tables and on price charts.
- User-Friendly Scripting: RealTest’s script syntax is designed for simplicity, enabling users to define trading strategies without extensive programming knowledge. The platform includes a robust collection of example scripts, ranging from simple scans to fully developed trading systems.
- Trade Import and Analysis: Users can import actual trades for analysis. They can compare them to backtest results and study trades using interactive charts and analysis tools.
- Order Generation: RealTest can generate order lists for the next trading day, compatible with platforms like Interactive Brokers Basket Trader. This aids in the transition from strategy development to live trading.
User Experiences
Traders utilizing RealTest have reported positive outcomes:
- Enhanced Strategy Development: Users appreciate the platform’s ability to combine multiple strategies. Its detailed results analysis aids in refining trading systems.
- Accessibility: The straightforward scripting language and comprehensive example scripts make it accessible to traders without extensive programming backgrounds.
Pros and Cons
Pros:
- Comprehensive Backtesting: RealTest’s multi-strategy backtesting capabilities allow for a thorough evaluation of diversified trading systems.
- Detailed Analytics: The platform offers in-depth analysis tools, facilitating a deeper understanding of strategy performance.
- User-Friendly Interface: Its simple script syntax and extensive documentation make it accessible to a wide range of users.
Cons:
- Learning Curve: While the scripting language is user-friendly, new users may require time to fully leverage the platform’s capabilities.
- Limited Integration: The platform’s compatibility with certain brokers and data providers may be limited. This may necessitate manual data handling in some cases.
Conclusion
RealTest stands out as a powerful tool for traders seeking to develop and backtest multi-strategy portfolios. Its comprehensive features, user-friendly design, and detailed analytics make it a valuable asset in the systematic trading domain. Prospective users should explore the platform’s capabilities to determine its alignment with their trading objectives.
For a visual overview and further insights into RealTest, consider watching the following video:
