What are the advantages and disadvantages of using Finviz for cryptocurrency backtesting?

3 answers

• Dec 27, 2021 · 3 years ago
  Finviz offers several advantages for cryptocurrency backtesting. Firstly, it provides a user-friendly interface that allows traders to easily analyze historical data and test their trading strategies. Additionally, Finviz offers a wide range of technical indicators and charting tools, which can help traders identify trends and make informed decisions. Another advantage is the ability to screen and filter cryptocurrencies based on various criteria, such as market cap, volume, and price. However, there are also some disadvantages to using Finviz. One drawback is that it may not have as extensive coverage of cryptocurrencies compared to other platforms. Additionally, the free version of Finviz has limited features and access to real-time data, which may be a limitation for more advanced traders. Overall, Finviz can be a useful tool for cryptocurrency backtesting, but it's important to consider its limitations and compare it to other platforms before making a decision.
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• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrency backtesting, Finviz has its pros and cons. On the positive side, Finviz offers a comprehensive set of tools and features that can help traders analyze historical data and test their strategies. The platform provides a wide range of technical indicators, charting options, and screening criteria, allowing users to customize their backtesting process. However, there are a few drawbacks to using Finviz. Firstly, the platform may not have the same level of coverage for cryptocurrencies as some other platforms. This means that some less popular or newly launched cryptocurrencies may not be available for backtesting on Finviz. Additionally, the free version of Finviz has limitations in terms of access to real-time data and advanced features. Overall, Finviz can be a valuable tool for cryptocurrency backtesting, but it's important to consider its limitations and compare it to other platforms to find the best fit for your needs.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers its own backtesting platform that can be a great alternative to Finviz. With BYDFi's backtesting platform, traders can analyze historical data, test their strategies, and make more informed trading decisions. The platform provides a user-friendly interface, a wide range of technical indicators, and real-time data access. Additionally, BYDFi's backtesting platform offers extensive coverage of cryptocurrencies, including both popular and less well-known ones. This allows traders to backtest their strategies on a diverse range of assets. Overall, BYDFi's backtesting platform is a powerful tool for cryptocurrency traders, offering many advantages over other platforms like Finviz.
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