Effortless Backtest TradingView Free Tips For Pro Traders

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Illustration of a trader using TradingView's free backtest feature on a computer screen

Unfortunately, an outline for a post on the keyword "backtest-tradingview-free" was never previously provided, as such, I will go ahead and create an article based on what an outline would typically look like for this topic.

How to Backtest for Free on TradingView

Key Takeaways:

  • TradingView offers a platform to conduct free backtesting.
  • Understanding the limit of free vs. premium features is vital.
  • Proper backtesting can significantly improve trading strategies.


TradingView is a powerful tool for traders looking for a platform that offers technical analysis and the ability to backtest trading strategies. Knowing how to effectively use the free version of TradingView to backtest your strategies is crucial for improving your trading without incurring additional costs. In this comprehensive guide, we will walk you through how to carry out backtesting on TradingView for free, what features are available, and how to interpret your backtesting results.

What is Backtesting?

Backtesting is a method used by traders to evaluate the effectiveness of a trading strategy by running it against historical data to determine its viability and potential profitability in the marketplace.

Understanding Basic Backtesting Terms:

  • Strategy: Set of rules for when to enter and exit trades.
  • Historical Data: Past market data used for testing a strategy.
  • Performance Metrics: Data on how a strategy would have worked.

How to Access Backtesting on TradingView

To use TradingView's backtesting features, you need to access their platform. Signing up for a free account will grant you access to basic tools necessary for backtesting.

Getting Started:

  • Visit TradingView's website.
  • Sign up or log in.
  • Navigate to the "Trading Panel" and choose the "Strategy Tester".

Understanding TradingView's Free Backtesting Features

TradingView offers a range of backtesting features in its free version, which includes basic charting tools and the ability to run simple backtests.

Available Tools in Free Version:

  • Price charts: Historical price data visualization.
  • Indicators: Basic technical analysis indicators.
  • Pine Script: Scripting language for creating custom studies.

Setting Up a Backtest on TradingView for Free

To set up a backtest, you need to define the parameters of your trading strategy and the time frame you want to test it over.

Steps to SetUp a Backtest:

  1. Select the financial instrument.
  2. Choose a time frame.
  3. Apply indicators or strategies.
  4. Configure strategy settings.
  5. Run the strategy tester.

Defining Strategy Parameters:

  • Entry criteria: When to enter a trade.
  • Exit criteria: When to exit a trade.
  • Stop Loss and Take Profit: Define risk management.

Advantages and Limitations of Free Backtesting on TradingView

It is essential to be aware of the advantages and limitations of using TradingView's free version for backtesting to maximise its potential while understanding when you might need more advanced features.


  • No cost involvement.
  • Access to basic charting and indicators.
  • Ability to test simple strategies.


  • Limits on the number of indicators per chart.
  • Limited historical data depth.
  • No access to advanced features like optimization.

Interpreting Backtesting Results on TradingView

Once a backtest is run, TradingView provides detailed results that need to be interpreted accurately to understand a strategy's potential.

Key Result Metrics:

  • Net Profit/Loss: Overall profitability.
  • Percentage of Profitable Trades: Success rate.
  • Drawdown: Maximum loss from peak to trough.

MetricDescriptionSignificanceNet Profit/LossOverall strategy gains or lossesMeasures profitability% Profitable TradesRatio of winning tradesReflects consistencyDrawdownMaximum observed lossAssesses risk

Frequently Asked Questions

Can I use all TradingView indicators for backtesting in the free version?
No, there's a limit to how many indicators you can apply on a single chart in the free version.

Is it possible to upgrade for more advanced backtesting features?
Yes, TradingView offers paid plans with more extensive tools for backtesting.

Does TradingView include cryptocurrency in its backtesting tools?
Yes, you can backtest cryptocurrency trading strategies on TradingView.

How accurate is the historical data provided by TradingView for backtesting?
TradingView provides accurate historical data; however, it's important to note that past performance is not indicative of future results.

Is it necessary to know coding for using TradingView backtesting?
While knowledge of Pine Script can enhance the backtesting experience, it is not necessary for basic backtesting functions.

Remember, successful trading involves more than just effective backtesting. Continuous education, emotional discipline, and risk management are also key factors in a trader's success. TradingView's free backtesting tool is a great starting point for those looking to refine their strategies without immediate investment in premium tools.

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