[davewolfs]

Hey everyone,

Quick question for you pros. Is there any software out there that will allow me to back test how the market reacted after a specific event occurred over the course of a specific time period.

Say for example, the market hit a 20 day low and I wanted to know how many times the market bounced when hitting a 20 day low since 2000 and what the average return after the bounce was vs the average S&P gain over a two day period without previously hitting a 20 day low.

I'm sure some sort of tool/package exists to compute these types of statistics. Any recommendations would be appreciated.

Thank you,

Dave

[Tams]

any programmable charting software that can do backtesting can generate this type of report.

[davewolfs]

So would I have to configure or program the software to execute buys under certain conditions to simulate this? Any recommendations on software?

[Tams]

Originally Posted by davewolfs »

So would I have to configure or program the software to execute buys under certain conditions to simulate this? Any recommendations on software?

Unless the software can read your mind on what you want to do, the answer is yes.

[Tams]

Originally Posted by davewolfs »

... Any recommendations on software?

Since you have no programming/backtesting experience, it is difficult to make suggestions to you.

Most of the software has a 30 day trial.
Just go download a few and try them for yourself.

Ninjatrader is F-R-E-E... until you starts trading. That's a good starting point.

[davewolfs]

No back testing experience, but I can program in Java and C++. To be more specific, I guess I was hoping that some sort of suite would exist that could be easily configurable to match on specific rule sets.

As far of software goes, are there better alternatives to Ninjatrader, I don't mind paying if it is going to make my life easier.

[sevensa]

Originally Posted by davewolfs »

No back testing experience, but I can program in Java and C++. To be more specific, I guess I was hoping that some sort of suite would exist that could be easily configurable to match on specific rule sets.

As far of software goes, are there better alternatives to Ninjatrader, I don't mind paying if it is going to make my life easier.

tradestation is probably the most popular choice. If you are experienced in programming, you probably would not have much difficulty picking up the other platforms' language. I would suggest to check out NinjaTrader as Tams suggested. It uses C# which should be an easy transition for you since you know C++ already. The current version is not very robust for backtesting, but the next version (7.0), to be released before the end of the year promises to resolve most of the issues. Check the release notes on their website.

Also check out Amibroker which is very flexable and also easy to do portfolio level backtesting and very inexpensive compared to other platforms.

Another platform that is very flexable is Neoticker, but not easy to program in. However, if you have a strong programming background, you might not have much difficulty.

All these platforms will give you what you are looking for. Best would be as Tams suggested, to download the trials and see which one speaks to you.

[davewolfs]

Will do. Do you know if tradestation offers any sort of API that would allow me to download historical data, say I wanted to build my own database based on my own criteria.