The Tick Back Testing Lab creates an environment where you can test your alerts tick by tick. You see on the charts when generating historical signals for back testing review (using the alert tool, the IntelliScript), the Chart does not take into consideration the tick by tick data. It calculates the historical buy/sell entries based on the close of each historical bar. The backtesting in this case can only be used in an estimated fashion for the historical performance. This is because we are not able to entirely simulate historical events as if those signals were generated live. Please note that newly generated signals should reflect the correct entry price using the current coming tick by tick data. Recognizing the need for our users to be able to backtest using tick by tick data, we offer the Tick Back Testing Lab.
Top open the Tick Back Testing Lab, or TBTL for short, go to the software's main window, choose "IntelliScript" then select "Tick Back testing lab". A new window will pop opened, this will be the TBTL.
Interval - Time interval for Case Study.
Bars on Chart - The number of bars that will be displayed.
Alert - The IntelliScript* that will be used for this Case Study. This filed will be populated by any IntelliScript alerts you have drafted that are already saved in the IntelliScript Organizer.
*Please note, the Tick Back Testing Lab does not support Custom Indicators.
A chart with the pair selected will appear. The chart will be at the beginning of the date range selected.