Find out how your strategy is likely to perform in the real world
PsyQuation EA Backtester
Tired of losing money trading a strategy that your backtest said was profitable? Access state-of-the-art backtesting driven by the latest academic and industry research to avoid biased and statistically invalid signals.
To get EA Backtester you will need to have a PsyQuation premium account *
Priced & executed by
Never be Surprised
by Live EA Performance Again
Research findings of the world’s #1 expert in finance and machine learning
Simple and illustrative report
The most likely performance, maximum drawdown and PsyQuation Skill Score of your EA in comparison to peers. See sample reports
Recommendation on EA configuration
Parameters that ensure the best stable performance of your EA
Artificial Intelligence powered
Machine learning that extracts actionable insights from thousands of backtest runs
EA Backtester is available for free to PsyQuation Premium members
Our methodology is based on the state-of-the-art findings of Marcos López de Prado. His approach to backtesting proves to be efficient in estimating real viability of trading strategies. We built PsyQuation EA Backtester on it applying machine learning and other sophisticated tools.
Marcos López de Prado is well known in financial world and academia as a top expert in finance and machine learning. He was recognized as “2019 Quant of the Year” for his immense contribution to the adoption of machine learning techniques in finance. Moreover e-library SSRN ranks him as the most-read author in economics.
For more information visit www.quantresearch.org
How is Our Backtesting Different?
Backtests often look unbelievably good just because of lack of proper result validation. It's easy to pick a parameter combination out of thousands of trials that will look amazing by pure chance. The point here is that you must account for the number of trials when judging the significance of the results. Most people do not, and as a result, they think an EA has the edge when all it has is luck, which isn’t worth much if you’re serious about earning money trading.
Imagine someone says to you they can flip a coin 10 tails in a row. You will naturally say no chance. They then show you a video of them flipping 10 tails in a row. What will you say or think now? You probably think they have some superpower. However, there is a simple explanation.
If you flip a coin 1024 times, you are likely to have a hot streak of 10 tails in a row. This probability falls within the natural laws of randomness and hence the video you saw probably skipped all the failed trials and showed the successful one. Doesn’t look impressive anymore, right? Make sure this never happens to your trading strategy.
Marcos López de Prado argued that analysing historical data in relevant period isn’t enough. He proved that it is crucial to consider the number of trials (a trial is a single run of the backtest) which were taken to get a result and that most trials will be very similar to each other and therefore should be treated as one independent trial.
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* Our strategic partner AxiTrader covers the cost of PsyQuation EA Backtester, which requires extensive in-depth computations. To be eligible for this partnership offer you should be a PsyQuation Premium user.
AxiTrader customers get PsyQuation Premium free of charge.
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Disclaimer: PsyQuation Pty Ltd (ACN: 604 779 419) is a Corporate Authorised Representative (CAR) (CAR: 001241972) of Gleneagle Asset Management Limited (GAML) ABN 29 103 162 278 which is licensed by the Australian Securities & Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL number: 226199).
This information is intended to be general in nature and is not financial product advice. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.
Investing in foreign exchange and CFDs carries significant risks and is not suitable for all investors and you should only trade with money you can afford to lose. You should obtain independent financial advice and consider our Financial Services Guide (FSG) and consider the Product Disclosure Statement (PDS) from your broker before deciding to enter into any transactions based on advice received from the PsyQuation Pty Ltd software.
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