How to Backtest a Stock or Options Trading Strategy Efficiently | Getting Started with thinkorswim®
HTML-код
- Опубликовано: 17 мар 2024
- Getting Started with thinkorswim® | Cameron May | 3-18-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
"How has this strategy done in the past?" In this video, we walk through three powerful thinkorswim tools a trader might use in the back-testing of new techniques or strategies for stock or options trades. These tools include historical stock chart functions, the thinkBack feature, and thinkorswim's OnDemand.
You just opened a new account and downloaded the award-winning thinkorswim® trading platform, and wow, where do you even start? We had the same feeling! Join your education coach for this weekly, basic overview of the thinkorswim® trading platform. When you feel like you understand the basics, then join one of our more in-depth reviews of this amazing software-Exploring thinkorswim® or Scripting with thinkorswim®.
0923-31BC
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
New to thinkorswim? Check out my free RUclips video series for beginners!:
Lesson 1 of 8: Downloading and Navigating thinkorswim:
• Lesson 1 of 8: Downloa...
Lesson 2 of 8: Using the thinkorswim Monitor Tab:
• Lesson 2 of 8: Using t...
Lesson 3 of 8: Using the thinkorswim Trade Tab:
• Lesson 3 of 8: Using t...
Lesson 4 of 8: Using thinkorswim Charts:
• Lesson 4 of 8: Using t...
Lesson 5 of 8: Understanding the thinkorswim Scan Tab:
• Lesson 5 of 8: Underst...
Lesson 6 of 8: Using the Tools on the MarketWatch Tab:
• Lesson 6 of 8: Using t...
Lesson 7 of 8: Beginner’s Guide to the Analyze Tab:
• Lesson 7 of 8: Beginne...
Lesson 8 of 8: Tools, Education, and Help Tabs:
• Lesson 8 of 8: Tools, ...
#CameronMay #TraderTalks #CameronMayCS #CharlesSchwab #Schwab @CameronMayCS
Awesome info! Thanks!
Certainly my pleasure! ^CM
great content, Cameron. So many facets to this diamond, TOS. Thanks for your enlightenment
Glad you enjoyed it! And it's always my pleasure. ^CM
Another question: say you like how the back test looks so you build a custom scanner off the features. What about the ability to forward test the results of a scanner to see how the results do over say a week or two? This would be a logical follow up to back testing since presumably one wouldn't buy all the results of a scanner. If you can't do that, maybe there are some tricks to make it more manageable. Thanks!
I'm not aware of any current functionality that would allow for this process to be automated, beyond waiting a couple weeks and re-conducting the scan. In any event, thanks for watching! ^CM
Is there a way to backtest using the Web version as opposed to the desktop version?
The backtesting tools I demonstrated here are only available on the desktop version. I hope this helps, and thanks for watching! ^CM
Thanks for this, very helpful. I tried Thinkback though and found ticker prices were often incorrect, sometimes repeating the same data on consecutive trading days. I’ve also found other comments wit this issue. Is there a fix for this?
Happy to clarify! When the data repeats, that's not an error but instead reflects a weekend, when normal-trading-hours prices don't change. I hope this helps, and thanks for watching! ^CM
Thanks for responding. But on my system I’m finding that April 1 and April 2 prices are the same, but they weren’t in fact identical. Found this for LEVI and others. I’m wondering if there’s something I’m missing. Meanwhile, thanks for the outstanding classes.
How can I use 4 hour charts etc with the daily when doing back tests without losing my place in time? You end up seeing everything by having to scroll back which defeats the purpose.
I know exactly what you mean. One way to randomize this view is to load a long-term four-hour chart, quickly zoom in on just the last two weeks or so, then use the scroll bar at the bottom to zip backward in time to a random spot on the chart. You may have some inclination of general movements of the chart, but you won't be able to recall enough detail to influence your testing. I hope this helps, and thanks for watching! ^CM