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What are the recommended tools for backtesting bitcoin trading strategies?

avatarNelson LongDec 27, 2021 · 3 years ago3 answers

Can you recommend some tools that are commonly used for backtesting bitcoin trading strategies? I'm looking for reliable and user-friendly options that can help me analyze historical data and test different trading strategies.

What are the recommended tools for backtesting bitcoin trading strategies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! One popular tool for backtesting bitcoin trading strategies is TradingView. It offers a wide range of technical analysis tools and allows you to backtest your strategies using historical data. Another option is Coinigy, which provides a comprehensive platform for charting, trading, and backtesting. It integrates with multiple exchanges and offers advanced features for analyzing cryptocurrency markets. Additionally, you can consider using Backtrader, an open-source framework that supports backtesting of bitcoin trading strategies. It has a Python-based interface and provides flexibility for customizing and testing your strategies.
  • avatarDec 27, 2021 · 3 years ago
    Well, when it comes to backtesting bitcoin trading strategies, you have several options to choose from. TradingView is a popular choice among traders due to its user-friendly interface and extensive technical analysis tools. Coinigy, on the other hand, offers a more comprehensive platform that includes charting, trading, and backtesting features. If you prefer a more customizable solution, you can try Backtrader, an open-source framework that allows you to test your strategies using historical data. Remember to consider your specific needs and preferences when selecting a tool for backtesting.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using TradingView for backtesting bitcoin trading strategies. It provides a wide range of technical analysis tools and allows you to test your strategies using historical data. Coinigy is another popular option that offers comprehensive charting, trading, and backtesting features. If you prefer a more customizable solution, you can explore Backtrader, an open-source framework that supports backtesting of bitcoin trading strategies. Remember to choose a tool that suits your needs and preferences, and always conduct thorough testing before implementing your strategies in live trading.