Testing your trading ideas is always a best practice. We’ve made it easier than ever to test strategies in real-time!
The platform lets you test your automation’s functionality and logic in live market conditions to ensure it will respond exactly as you anticipate.
We suggest testing your automations before live trading to troubleshoot any potential issues your bot may encounter and review its criteria to determine where an automation might fail.
You can test different variables and inputs directly in the automation editor. You can also test an automation inside other bots to analyze outcomes with different position and allocation limits.
When you click the “Test” button, you immediately receive a report displaying the outcomes for each decision based on current market conditions.
You can select any action to see more information about the bot’s decision-making process and any details for a potential open position.
For example, this automation would have opened a $10 wide SPY short put spread with a September 3rd expiration.
Testing also helps you identify where an automation may have errors or a “No” outcome.
For example, the automation could end if the bot already has an open position. If you want to add a new position, the automation log displays what criteria or settings need to be modified.
Testing automations is an intelligent step of strategy development and gives you confidence your bot will perform as expected in a live trading environment.
You must think critically of your automation’s structure, decisions, and actions from start to finish.
Testing allows you to diagnose any issues and make the necessary changes before turning on the bot. We also highly recommend trading your bots in a simulated paper account.
Testing automations is one of the most powerful features of the autotrading platform. Stress-test your strategy instantly to see your automation in action and put your logic to the test.