New to options. I have a four strategies i want to backtest as much further in the past as possible.
Are there any free or paid software to accomplish this ? Are there any brokerage sites that allow this ?
Please let me know.
Is there a way to backtest a specific strategy
byu/bl_you inoptions
Posted by bl_you
4 Comments
This is called paper trading most brokages should let you do this just requires a setup.
ToS from Schwab has an OnDemand feature that can do this: [https://www.schwab.com/learn/story/backtesting-with-thinkorswim-ondemand](https://www.schwab.com/learn/story/backtesting-with-thinkorswim-ondemand)
Tough question. Most free/cheap options are limited in historical data.
For serious backtesting, you’ll likely need a paid platform or data feed. Thinkorswim (TD Ameritrade) is popular but has a learning curve. [QuantConnect](https://www.quantconnect.com/) is specifically for backtesting but more advanced.
Honestly, if you’re new to options, focus on the basics first. Complex strategies can wait. Check out [Investopedia’s options course](https://www.investopedia.com/options-basics-tutorial-4583021).
You can backtest specific strategies on Fidelity ATP but it is pretty limited.