Hi . I have account in upstox .I want to no information about backtesting and Algo trading.
Hi,
Backtesting is essentially testing a trading strategy using historical data to see how it would have performed in the past. It’s a crucial step before applying a strategy with real money because it gives you an idea of how it might work under different market conditions.
Algo trading, on the other hand, is about using computer algorithms to automate trading decisions based on certain criteria like price movements or technical indicators. If you’re looking to get into algo trading, there are many platforms that support UpStox Integration and APIs for algorithmic trading.
For getting started, it’s helpful to have a basic understanding of technical analysis and the strategies you’d like to automate.
You can read these articles for more information:
https://www.marketfeed.com/read/en/the-ultimate-guide-to-backtesting-algo-trading-strategies
Hope it helps!
Thanks & Regards