The Top 10 "Free" Backtesting Tools
By Timothy Yslava | Reviewed by Samantha Baltodano
What Are The Top 10 "Free" Backtesting Tools?
Are you an aspiring trader or investor looking to test your strategies before putting real money on the line?
Or maybe you're an experienced pro looking for new ideas and ways to optimize your portfolio.
In either case, backtesting can be an incredibly useful tool to help you make informed decisions. And the good news is, there are plenty of backtesting tools available online that won't cost you a dime.
In this blog, we'll be showcasing the top 10 free backtesting tools that are currently available.
Whether you're just starting out or you're a seasoned pro, there's something here for everyone.
So sit back, relax, and let's get backtesting!
Without further delay, here are the top 10 "free" backtesting tools:
- TradingView - This popular financial charting platform allows you to test your trading strategies on historical data. It's completely free to use, with additional paid options available.
- Backtrader - This open-source Python library is designed for backtesting and trading with a focus on flexibility and simplicity. It's completely free to use.
- Quantopian - This platform provides a powerful backtesting engine and a community of quants to help you develop and test your trading strategies. It's completely free to use, with the option to earn revenue from your successful strategies.
- StockFetcher - This tool allows you to create and test custom stock screening strategies. It's free to use with some limitations, or you can upgrade to a paid subscription for additional features.
- Zipline - This open-source Python library is another popular choice for backtesting and trading. It's free to use, with the option to purchase additional data.
- Trade Ideas - This platform offers a free backtesting tool as well as real-time trading and market analysis.
- Google Finance - This free service from Google allows you to test your investing strategies with historical data.
- Wealth-Lab - This backtesting software offers a free trial as well as paid subscriptions starting at $180 per year.
- Finviz - This free financial market visualization platform allows you to test your trading strategies with historical data.
- Stock Rover - This tool offers a free trial as well as paid subscriptions starting at $7.99 per month. It allows you to backtest and optimize your investment strategies.
There you have it, a top ten list of the best free backtesting tools available online. Whether you're just starting out or you're an experienced trader looking to test new ideas, these tools can help you develop and optimize your strategies.
Happy backtesting!
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