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What are the best tools and platforms for conducting backtesting for cryptocurrency trading?

avatarIshaCDec 27, 2021 · 3 years ago3 answers

I'm looking for recommendations on the best tools and platforms for conducting backtesting specifically for cryptocurrency trading. Can anyone suggest some reliable options that are suitable for both beginners and experienced traders?

What are the best tools and platforms for conducting backtesting for cryptocurrency trading?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best tools for conducting backtesting for cryptocurrency trading is TradingView. It offers a wide range of technical analysis tools and allows you to backtest your trading strategies using historical data. TradingView is user-friendly and suitable for both beginners and experienced traders. Another popular option is Coinigy, which provides a comprehensive suite of tools for cryptocurrency traders, including backtesting capabilities. Coinigy is known for its intuitive interface and extensive data coverage. Both TradingView and Coinigy are highly recommended by the cryptocurrency trading community.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to backtesting for cryptocurrency trading, you can't go wrong with the combination of Python and Jupyter Notebook. Python is a versatile programming language that offers numerous libraries and frameworks for data analysis and backtesting. Jupyter Notebook provides an interactive environment for running Python code and visualizing the results. By using Python and Jupyter Notebook, you have full control over the backtesting process and can customize it to suit your specific needs. This option is more suitable for traders with programming experience or those willing to learn.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a great platform for conducting backtesting for cryptocurrency trading. It offers a user-friendly interface and a wide range of tools for analyzing historical data and testing trading strategies. With BYDFi, you can easily backtest different scenarios and evaluate the performance of your strategies. The platform also provides real-time market data and supports multiple exchanges, making it convenient for traders who want to test their strategies across different markets. Whether you're a beginner or an experienced trader, BYDFi can help you improve your trading strategies through backtesting.