We're excited to announce we're developing a new tool that will undoubtedly be a great benefit to all crypto traders that have a strategy and wish to know how foundationally sound it is. The new tool on our platform will enable backtesting, a true must-have for confident trading.


Backtesting is the general method for testing the fundamental stability of a trading strategy. It uses historical data to examine how successful the strategy would be and how well it would have worked in the past, as the theory behind it suggests that if a strategy worked well in the past, it is likely to do well in the future.

It enables traders to analyze the risk/reward ratio before they actually expose themselves to risk. If the backtest shows good results consistently, the traders can assume it’s going to work well in the future as well. If the results are suboptimal, the traders usually understand this as a sign for abandoning or at least modifying the strategy.




Any strategy can be backtested, as long as it can be quantified, but it sometimes requires professional programmers to develop the strategy in a testable form. That is why we’ve decided to create a tool that will enable easier testing of advanced strategies without requiring additional programming knowledge, so that even a trader that’s just starting his career can make sure his complex game plan will not fail him.


An ideal backtesting scenario incorporates data samples from a long period of duration, with a wide range of cryptocurrencies, so that it enables a variety of market conditions. This is important because if the testing does not incorporate a truly representative data set, the results might show false-positive signs, luring us into executing trading strategies that will not actually be as successful as we’ve expected.


We’re well aware of this obstacle and have decided to add an indicator for how representative a data set is in your backtesting, so that it will not lead you astray. Our tool will also show you a reminder to include all trading costs however insignificant, as they can add up over time and drastically affect the results in a longer period. What’s more, it will enable you to backtest patterns, such as triangles, head with shoulders patterns, pennants, flags, and more, rather than just indicator-based strategies like MA crosses.


We’re committed to developing the backtesting tool as user-friendly as possible, while maintaining usability in advanced use-cases, so that it will not sacrifice the ability to analyze complex trading strategies. In this fashion, it will be useful to traders no matter their skill level, and we can’t wait to make it publicly available. To make sure you’re among the first to test the tool out, read our future announcements about its development where we’ll announce the release date.