TradingView Backtesting | How to Backtest a Strategy on TradingView
Updated: 3 hours ago
Backtesting is a critical step in the development and evaluation of trading strategies. By simulating trades based on historical data, traders can assess how a strategy would have performed in the past.
This provides valuable insights into its potential future performance. Among various platforms available for backtesting, TradingView stands out as a popular choice. In this article, we'll explore how you can backtest trading strategies on TradingView, including manual and deep backtesting options.
Can You Backtest on TradingView?
Yes, TradingView offers robust tools for backtesting trading strategies. The platform provides two primary methods for backtesting:
Manual Backtesting: Using the Bar Replay function, traders can manually simulate trades based on historical price data.
Automated Backtesting: Using the Strategy Tester, traders can run automated strategies programmed in Pine Script, TradingView's programming language.
Both methods offer unique advantages and are suitable for different trading styles and requirements.
Can You Backtest for Free on TradingView?
Yes, you can backtest for free on TradingView using the platform's Bar Replay and Strategy Tester features. However, it's important to note that the free BASIC subscription on TradingView limits users to daily chart data for backtesting. Unfortunately, intraday data, which is essential for day traders, is not available for free users.
To gain access to intraday data for backtesting purposes, users need to upgrade to a premium subscription. With a premium subscription, traders can backtest their strategies using intraday data across various timeframes, making it more suitable for day traders and those who trade on shorter timeframes.
The good news is that TradingView offers a 30-day free trial for new users, allowing you to test out the platform's backtesting features, including access to intraday data, without any cost. This trial period is a great opportunity to explore the benefits of premium features and make an informed decision about upgrading your subscription.
How Do I Manually Backtest on TradingView for Free?
To manually backtest on TradingView for free, you can use the Bar Replay function. However, with the free BASIC subscription, you will only have access to daily chart data. Here's how to manually backtest using the Bar Replay function with daily data:
Open a TradingView chart and select the instrument and daily timeframe you want to backtest.
Click on the 'Replay' icon in the top menu bar of the chart.
Set the start date and time for the replay using the 'Jump to…' icon in the bar replay toolbar.
Control bar playback using the 'Play' or 'Forward' functions.
Begin backtesting by progressing through the daily bars until your strategy's trade setup parameters are satisfied.
Set up trades using the 'Long or Short Position tool' and record results in your trading journal.
Repeat the process with as much daily data as possible to get reliable backtest results.
Keep in mind that daily chart data may not be suitable for day traders. To access intraday data for more precise backtesting, consider using TradingView's 30-day free trial or upgrading to a premium subscription.
What is Deep Backtesting TradingView?
Deep backtesting on TradingView refers to the ability to backtest trading strategies using all available historical data for the selected instrument. Unlike regular backtesting, which may be limited by the amount of historical data loaded on the chart, deep backtesting provides access to the entire dataset, including intraday data.
The advantages of deep backtesting include:
Comprehensive Analysis: Test strategies over a larger range of historical data, including intraday data, for enhanced reliability.
Detailed Insights: Identify patterns and trends that may not be evident in a smaller dataset.
Greater Accuracy: Improve the precision of your backtesting by considering a broader market context.
Deep backtesting is a premium feature on TradingView that requires an upgraded subscription. To access and explore deep backtesting, you can take advantage of TradingView's 30-day free trial for new users. This trial allows you to test out premium features, including deep backtesting, and determine if they meet your trading needs.
How to Get a TradingView Free Trial & $30 Discount
If you're interested in exploring TradingView's advanced features, you'll be pleased to know that the platform offers free trials for its upgraded plans. When you use my link, you will also get a $30 discount for your subscription. Here's how you can get started with a free trial of TradingView:
Step 1: Check if you're a new user. If you already have a TradingView account, make sure you're signed out. Note that TradingView has policies regarding multiple accounts, so ensure you're aware of those.
Step 2: Visit the TradingView plans and upgrade page. Look for the option to "Try free for 30 days" for the Pro, Pro+, and Premium plans. This offer is subject to change, so be sure to verify if the free trial is currently available.
Step 3: Choose your preferred subscription. You can select from the Pro, Pro+, and Premium plans to trial. Remember, you can upgrade or downgrade to any plan before your trial period ends. To test all the features, consider selecting the Premium plan and downgrading later if needed.
Step 4: Sign up with a new email. Make sure to verify your email address when prompted.
Step 5: Complete the payment details. Although the trial is free, you'll need to provide credit card or PayPal details. Take note of the auto-renewal date and the trial hold amount.