When we buy a new product, we’re in a hurry to experience it in the first place. Whether it’s a phone, a tablet, a computer, or a car. We don’t understand how the new purchase works for us wothout trying it. Same with fix api trading. We will not be able to understand how the software for trade is qualitative until we try it in action.
Many have a need to test for trading, and only few do it. Because if you can simply download and use the free trade in the process, you won’t be able to get the fee. However, today many developers allow you to use demos of their product versions so that the normal trader can analyze how much software they are able to do. Such versions tend to be trimmed and have a limited list of trade instruments (multiple currency pairs fix api forex) However, the instrument itself, whether an indicator or a sales expert, can be tested. I therefore recommend that you pay attention to this. You can test any kind of software.
The software test plays an important role in shaping future profitability. That’s why you need to test it in a real market and with real conditions. Of course, no one has rebjektestyed with various strategy testers (for example, as in the fix api MT4), but market data will show a more real picture.
Therefore, testing the software allows you to:
- To learn about the robot’s trade algorithm, methodology, and logic of doing business;
- Analyse the correspondence between the trade strategy described and the actual results;
- Know the actual profitability of the software
- Learn the financial performance of trade (profit factor, recovery factor, boarding, sharpness coefficient, profit and loss ratios, espected value and AP.)
- Understand the extent to which your trading style and trading system fit;
- Identify “bugs” and software errors;
- Understand whether your program is suitable for your fix api forex broker.
Market conditions are not a substitute, because profitability will be pushed only on the market, so the program needs to be tested on the market. All traders understand this well, and therefore they are sceptical about testing on historical data. The market is not constant and often changes trends, so the test must be in its current state, so that you can adjust the program, set it up with other software, and apply it in its trading.
What are the threats, the absence of premature software testing?
- The trade algorithm may be based on non-current and non-operating trading systems, which does not guarantee the profitability of trading;
- No flexible settings. For example, a list of working financial instruments for which the risks and manis of management will be traded or parameters;
- Negative metastatic expectations of trade strategy;
- Lack of integration with the trading platform;
- Negative historical test results.
In order to test the program on the market, you don’t have to have the huge capital that you can allocate to the test. No. Here, you can try the minimum amounts and also set the minimum risk parameters (if any) in the program. In fact, I can recommend that you use cents to bring your testing closer to more market conditions.
Remember that it is necessary to test each product based on the current situation and at the current time, because the market is here and now. This is why it’s better to know what software is capable of, and also what to expect from using it in your fix api trading.