Lendal Pro Tester Comparision

Risk Management Strategies

While the Pro Trader calculates NET Gain assuming all trends are traded end-to-end, the Pro Tester allows users to backtest strategies that include Scaled Exits, Take Profit, Stop Loss, and Trailing Stop Loss settings for more realistic profit estimates.

Trade Account Emulation

The backtester built into the Pro Trader calculates profitability based on an order size of one contract per trade (e.g. 1 BTC or 1 ETH per trade). In comparison, the Pro Tester can calculate profitability based on orders of a fixed amount of contracts, base currency, or a percentage of account equity. Trade accounts can be further emulated by specifying account size, pyramiding settings, commission fees, and the required margin to execute long or short trades. These account emulation features will be reflected in profitability calculations for increased realism.

Backtest Specific Date Ranges: Deep Backtesting

Unlike the Pro Trader, the Pro Tester allows users to backtest a specific date range using the Deep Backtesting feature. A TradingView Premium subscription is required to utilize this functionality. In comparison, the Pro Trader allows users to backtest a set number of trends but not specify a date range. The Win Rate (Trends) setting in the Confirmation Control section determines the number of trends included in the Calculations Table backtest data. You can find more details on this in the Backtest Data Calculation section.

Real-Time Confirmation Strategies

Pro Tester data is based on confirmed candles as TradingView does not allow backtesting of data within candles. Consequently, backtest results obtained using the Pro Tester will differ from Pro Trader data based on real-time Confirmation. You can read more about how the Pro Trader backtests Real-Time Confirmation Strategies in the Backtest Data Calculation section.

Pro Tester Backtest Data

The Pro Tester provides more detailed backtest data than the Pro Trader facilitating deeper analysis and strategy optimization.

Trades on Chart

The Trades on Chart feature displays backtested trades, including position sizes, in the chart. Below order quantities are displayed as a number of contracts.

List of Trades

Details of individual trades are also displayed on the List of Trades Tab.

Overview

The Overview Tab provides a graphical representation of the Equity, Drawdown, and Buy & Hold Equity across the backtested period.

Performance Summary

The Performance Summary Tab provides detailed information on strategy performance for analysis and optimization.

Open Position Profit

The Open Position Profit Panel displays the profit or loss of open positions.

Lendal Pro Tester User Manual

See our dedicated Lendal Pro Tester Manual for further details on advanced backtesting.