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.


Accessing 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.


How to Use the TBTL
  1. Begin building a Case Study by selecting the following in the tab labeled "Case Study". Here is a listing of what each field represents:

    Symbol - Pair to be used in Case Study.

    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.

  2. Next, select the date range for the Case under the "Study Range" tab. Please be sure to click on the exact start and end dates desired. You can also define the "Start Hour" for each date; the time will be 17:00 (5:00PM) by default.

  3. Once all the information for the Case Study has been entered, click the "Get Chart" button, located on the "Case Study" tab, as shown in Step 1 (see above).

    A chart with the pair selected will appear. The chart will be at the beginning of the date range selected.

  4. Now you are ready to begin the back test using the selected Case settings. To begin, select "Run". On the bottom left-hand side of the chart you can check a status bar. This will let you know the date and time of the bar being processed. While the Case Study is running, you will see all alerts generated under "Signal Log".

  5. If you wish, you can select "Pause" to stop the process at any time. Once you are ready, you can resume the calculating by clicking on "Run" again.

  6. Once the Case Study is calculated, you can select "Show Complete Chart" to launch a separate chart with all the signals generated. You can also check the performance summary located in the P/L window.