Hello everyone. I am looking to back test some strategies that involve using roll stop loss orders. Does anyone know of a back testing software that can help me with this?
You just invented something that doesn't exist even on Google: So how do you expect to find backtesting software that tests something that doesn't exist?
The investopedia chaps have something on it. https://www.investopedia.com/articles/trading/03/080603.asp
Thanks for the typo correction. Yes, it was meant to say "rolling stop loss orders". So now are you telling me that one doesn't exist?
I’m not telling you that. Google is telling me that it doesn’t exist Even if it exists in your mind then I don’t know if anyone can answer your question if they don’t know about such a thing or don’t understand you. I hope you find someone who understands what you want, but so far nobody provided any solution.
Are your "rolling stop loss orders" the same as "trailing stop loss orders?" If not, you're probably going to have to describe exactly what they are.
A rolling stop loss order is a stop that moves with the price when the trade is profitable so the stop "follows" the price to lock profits at a range. Which means that it is exactly like a trailing stop loss order, it is just another way to call it.
Google 'backtesting software' I suspect they mostly all do. If their website doesn't say so, then ask here, revealing the specific name of the software you're interested in.
I normally backtest everything by writing my own code so I can't recommend software to do so. I saw people at other forums using Pro Real Time and similar platforms. They have an easy way to setup workflows with the graphical UI. There is a really good option with TradingView but requires writing Pine scripts, so you won't escape coding. If it is not too much work I might have something already for it. Trailing stops are a fairly common setup. Metatrader 5 is a good option as well, there are tons of scripts on their site that can help you.