Trader's Glossary

Back-Testing

Back-testing is the process of testing an algorithmic trading system (Expert Advisor, trading bot) over historical price data in order to determine how it would have performed in those market conditions. This necessarily involves tweaking its parameters and re-testing it in order to optimise its performance. FxPro’s EA Library offers a number of free and paid automated strategies that have been back-tested, optimised and are ready-to-trade.