Adrian Reid reviews RealTest, backtesting software by Marsden Parker. It handles limit orders and edge cases correctly, optimizes portfolio weights, and connects to Interactive Brokers for live trading. Reid calls it a modern alternative to older tools like AmiBroker.
RealTest backtesting is absolutely brilliant. It's a relatively new piece of software, certainly compared to amibroker, created by Marsden Parker, who is one of the unknown market wizards in Jack Swager's new book. And Marsden is a super smart guy, super friendly, great trader and really supportive of the trading community and he's produced a brilliant piece of software in Real Test and RealTest. Backtesting, as I said, is just a breeze. The coding language is super easy, very logical. It takes care of all of the edge cases and anomalies and everything neatly in the background very easily. Back tests limit order systems correctly. You can test portfolios of systems simultaneously and optimize the weightings between all of those systems. So Real Test is just a really strong modern piece of software, which I love. One of the great things about Real Test as well is it integrates with interactive brokers and so you can it can manage the order placement for you as well, which amibroker doesn't do natively. So that's Real Test. If you want to do portfolio backtesting and you want the most up to date modern software, RealTest is a really good choice.
