IG Encourages Trader Community to Provide Backtesting Feedback

IG, a major player in e-trading, is now seeking feedback from the trading community once again on a number of products and services. This time, the broker requests feedback on backtesting.

Backtesting involves comparing a trading strategy to historical data for an instrument and providing traders with a thorough report on how the strategy would have executed transactions. Traders can use indicators and trading systems to develop new strategies or change old ones.

For a trading system, one of the most critical components of its design is backtesting. It can assist traders optimize and develop their methods, identify any technical or theoretical weaknesses, and build confidence in their approach before deploying it to real-world markets if it is created and evaluated correctly.

IG polls traders to find out the features/tools and trading techniques they prefer and would like to be able to backtest. Traders, for example, can discuss what they'll be backtesting on their trading techniques. For example, scalping, day trading, swing trading, position trading, algorithmic trading or event-driven trading strategies.

The IG Charts Request Poll will be closing and ending on the 30th November 2021. The broker will be putting up another poll soon – it will be about IG Indicators.